The markets are concerned over Petrobras’s purchase of Pérez Companc. But Petrobras’s president says the deal’s potential rewards far outweigh the risks.
Category: Web Articles
Posted inWeb Articles
September 2002
Emerging markets deflate after the Russian default of August 1998 and the Brazilian real comes under attack from speculators. The IMF comes to the rescue with $41.5 billion in loans, but Brazil still had to devalue the real in January 1999.
Posted inWeb Articles
Sticking to Their Guns
Brazilian companies must battle for financing while fending off global competition. The business outlook is bad but Brazil’s bosses are determined to soldier on..
Posted inWeb Articles
The Securitization Lifeline
Asset-backed financing with risk mitigation insurance has sustained Brazilian companies throughout the crisis. But insurers are reaching their limits.
Posted inWeb Articles
When Expectations Disappoint
Eight years ago, Brazilians were optimistic that policy reforms would bring sustained growth. Despite key improvements, such growth remains elusive.
Posted inWeb Articles
When Markets Take Fright
Investors have dumped billions of dollars in Brazilian bonds this year but the country’s fundamentals and recent IMF deal could yet smooth over the capital crunch.
Posted inWeb Articles
Good Money After Bad
The International Monetary Fund stared into the abyss and drew back from the precipice. By agreeing to lend Brazil $30 billion it has probably ensured a smooth presidential election in […]
Posted inWeb Articles
Absorbing Extra Currency
Despite having one of the world’s richest oil reserves, Venezuela’s economy must still fight to overcome the effects of an overvalued currency and an unstable business environment.
Posted inWeb Articles
July 2002
Alvaro Uribe takes over as Colombia’s new president. He promises to bring order to a country locked in a bitter armed conflict and suffering low growth and widespread unemployment.