Adriano Pires

Rede Energia Bonds Sink After Brazilian Utility Celpa Files for Bankruptcy

Bonds issued by Rede Energia SA and unit Centrais Eletricas do Para SA plummeted after the Brazilian utility known as Celpa filed for bankruptcy protection amid increasing debt and more than four years of frozen tariffs.

Petrobras Names Gas Chief Foster to Be New CEO on Gabrielli’s Departure

Petroleo Brasileiro SA, the world’s fifth-biggest oil producer by market value, plans to replace its chief executive officer with its natural-gas and energy chief, Maria das Gracas Foster, as Jose Sergio Gabrielli pursues a political career.

Chevron, Conoco Ensnared in Post-BP Government Crackdown on Oil Slicks

Brazil’s threatened indictment of Chevron Corp. and Transocean Ltd. executives after offshore oil leaks shows that regulators from the North Sea to the Indian Ocean are stepping up scrutiny after BP Plc’s 2010 disaster.

Petrobras `Reverse Privatization' Looms as Brazil Control Rises

Brazil is reclaiming part of the Petroleo Brasileiro SA stake it sold to investors a decade ago in a record $78 billion share sale today.

Brazil Cuts Tax on Petrobras as Real Drop Lifts Import Cost

Brazil cut a tax on fuel sold by Petroleo Brasileiro SA by 16 percent, helping prevent surging import costs from squeezing profit margins at the state-run company and reducing the need for price increases as inflation quickens.

Petrobras Lowers Gasoline Prices 6% as Brazil Seeks to Rein in Inflation

Petroleo Brasileiro SA , the Brazilian state-owned oil company, said its fuel distribution unit will cut gasoline prices by 6 percent as the government battles to slow inflation from its fastest pace in more than five years.

Sugar’s 47% Increase Tempts Refiner Away From Ethanol in Brazil

Alexandre Grendene Bartelle , a Brazilian investor with stakes in two ethanol refineries, said he may upgrade the plants to also produce sugar because soaring demand for the renewable fuel hasn’t led to surging profits.

Chevron’s Brazil Leak Is Bigger Than Estimated, ANP Says

The amount of oil that has leaked into the ocean from a sea-floor fissure near a Chevron Corp. well in Brazil may be four times as large as previously estimated, the country’s oil regulator said.

Usiminas Port Bid Seen Quadrupling Its Ore: Freight Markets

Usinas Siderurgicas de Minas Gerais SA, the Brazilian steelmaker aiming to quadruple its iron-ore production, stands to gain the most from an auction for a $1 billion port terminal to be built in Rio de Janeiro state.

Petrobras Says Gulf of Mexico Oil Spill Leading to More Brazil Stoppages

Brazilian regulators are forcing state-controlled Petroleo Brasileiro SA to shut production equipment more frequently for maintenance after BP Plc’s Gulf of Mexico oil spill, the company’s chief financial officer said.

"She's a good option because she is a career official at Petrobras."

- Adriano Pires on Jan 23, 2012

Brazil

Sao Paulo

Rio De Janeiro

New York

JPMorgan’s New Investment Head Zames Shakes Up Office

Dow Falls to Lowest Level Since January on Greece Concern

Stocks, Commodities Drop as Euro Weakens on Greek Crisis

Romney Vowing Dodd-Frank Repeal Hits JPMorgan Risky Trades

JPMorgan Unit’s London Staff May Go as Loss Prompts Exits