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May 20, 2016
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reporter: petrobras.here has been a lot of controversy are around to that company the last seat of years. chief executive. the name of the man in the hot at ais taking over critical time. a massivehe center of scandal that has rocked brazilian politics. we have more. wasrter: his predecessor appointed by doma recep last year and was thought to have links to the ruling party. -- by dilmaecep rouseff. a we will ensure we have strict professional administration. petrobras has been at the center of a major corruption scandal that has gone to the top ranks of government. with an alleged some of over $2 bribes andd in kickbacks to businessmen and politicians in exchange for political support. overinflated deals have in turn caused financial damage to the country, which has been hit by low commodity prices. petrobras has reported record losses for the last two t financial years and has the largest debt of any oil company in the world, over $126 billion. to reduce its spending, it is 12,000 jobscut over by 2020.
reporter: petrobras.here has been a lot of controversy are around to that company the last seat of years. chief executive. the name of the man in the hot at ais taking over critical time. a massivehe center of scandal that has rocked brazilian politics. we have more. wasrter: his predecessor appointed by doma recep last year and was thought to have links to the ruling party. -- by dilmaecep rouseff. a we will ensure we have strict professional administration. petrobras has been at the center of...
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May 20, 2016
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. >> petrobras needs professional management. the board, the board of executive directors, where we will have to see what the demands of the company are. we have to keep in mind the interest of the business itself, the interest of its shareholders. let's get a check on market action. gains across the board. to venezuela, where the government has issued a crackdown on the black market. it is pushing many to give up their day jobs. lines like this one stretch across the country. i came at 4:00 in the morning. for those of us who buy daily food for ourselves, life is hard. hoping to improve their quality of life with the highest inflation rate in the world, more venezuelans are quitting because they can earn more money by queuing and reselling. >> the market is depressed and demand is high. it black-market dealers are getting a lot of customers area how can you stop them? manage the economy well and give a supply of commodities in the meantime. >> it is a vicious circle. the government says it will fine or imprison anyone involved.
. >> petrobras needs professional management. the board, the board of executive directors, where we will have to see what the demands of the company are. we have to keep in mind the interest of the business itself, the interest of its shareholders. let's get a check on market action. gains across the board. to venezuela, where the government has issued a crackdown on the black market. it is pushing many to give up their day jobs. lines like this one stretch across the country. i came at...
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May 12, 2016
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they will not get out of it soon, because they bet a lot on petrobras.ng the headwinds. thursday, and on i will not ask you the biggest stake you have ever made -- the biggest i have ever made was underestimating the success of mr. lula. exceptional success for the nation. can they rekindle the lula opportunity? robert: he has his only goal problems. lula did a good job with he was president. he was a candidate of the last governed as a pragmatist and was able to pull fractions together. the difficulty is that he has now gotten into difficulties from his experience while he was president. he was the person that was responsible for the current president, rousseff, becoming president. she was his chief of staff and minister in his government. this is not a good legacy. while he was there, he pulled the country together well. francine: the economy in brazil is on its knees. what we think when we look at the polls, the majority of brazilians were backing the impeachment of rousseff not only because she was lenient on corruption but because she mismanaged the
they will not get out of it soon, because they bet a lot on petrobras.ng the headwinds. thursday, and on i will not ask you the biggest stake you have ever made -- the biggest i have ever made was underestimating the success of mr. lula. exceptional success for the nation. can they rekindle the lula opportunity? robert: he has his only goal problems. lula did a good job with he was president. he was a candidate of the last governed as a pragmatist and was able to pull fractions together. the...
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May 5, 2016
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contra dilma rousseff por las investigaciones que la involucran en el escÁndalo de corrupciÓn de petrobrÁspara evitar que las investigaciones en su contra lleguen a buen tÉrmino. en mÉxico las autoridades de salud anunciaron mÁs medidas para combatir el sobrepeso y obesidad infantil un problema grave que hoy dÍa afecta a uno de cada cuatro niÑos de ese paÍs. >> lo que se busca es hacer una generaciÓn manzana, inculcarle a los niÑos hasta los cuatro aÑos el presentarle los alimentos de forma natural, nunca ha estado en contacto con los alimentos asÍ que si lo ofrezco una zanahoria es como va conocer el sabor. >> pescadores intensificaron el jueves en el sur de chile pidiendo mayor ayuda ante la prohibiciÓn de pescar mariscos ante la marea roja como los pescadores demandan una ayuda de $600. >> seguimos con el cielo nublado vamos a pasar con nuestro meteorÓlogo eduardo rodrÍguez para que nos cuente cuÁnto vamos a recibir la lluvia. eduardo: hemos estado con temperaturas bastante frÍas de los 50, hemos comenzado el dÍa con 43.5 incluso menos en algunas series, hemos continuado con temperatura
contra dilma rousseff por las investigaciones que la involucran en el escÁndalo de corrupciÓn de petrobrÁspara evitar que las investigaciones en su contra lleguen a buen tÉrmino. en mÉxico las autoridades de salud anunciaron mÁs medidas para combatir el sobrepeso y obesidad infantil un problema grave que hoy dÍa afecta a uno de cada cuatro niÑos de ese paÍs. >> lo que se busca es hacer una generaciÓn manzana, inculcarle a los niÑos hasta los cuatro aÑos el presentarle los...
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May 5, 2016
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countries -- companies that wanted oil firms -- oil contracts with the state firm, like petrobras. he met with lawyers to discuss an appeal. >> is going to stay here. he will follow the high court judgment. after that, he would decide what to do. now, he is in a meeting with his lawyers to work out how he will appeal. claire: the latest twist in brazil's political crisis comes a week before the senate votes on rousseff's impeachment. if the majority vote is in favor, she will be suspended for 180 days. according to the constitution, her vice president would become interim president. as speaker of the lower house, cunha had been third in line to take over if rousseff is impeached. catherine n.: all right. coming up to 9:20 in the evening here in paris. time for a look at the business news with markus karlsson. first up, we are looking at that rather worrying situation in alberta, canada, those wildfires continuing to rage, and the fallout for the oil industry. that wildfire has grown in size in the past 24 hours or so. it's having an impact on oil markets. this as the fire is rangin
countries -- companies that wanted oil firms -- oil contracts with the state firm, like petrobras. he met with lawyers to discuss an appeal. >> is going to stay here. he will follow the high court judgment. after that, he would decide what to do. now, he is in a meeting with his lawyers to work out how he will appeal. claire: the latest twist in brazil's political crisis comes a week before the senate votes on rousseff's impeachment. if the majority vote is in favor, she will be suspended...
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May 12, 2016
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politics surrounding all this, there is an investigation of a very huge scandal on corruption involving petrobrasthe largest company in brazil. although the president is not accused of enriching herself like many other members of she iss parliament have, being accused of obstruction of .ustice in that affair it remains to be seen. laura: thank you for joining us. from one political drama to another, donald trump came to washington with a lot riding on the outcome for the political party. he met with speaker paul ryan, who did not endorse his party's presumptive nominee, but did say their talk was a positive step toward uniting the party. >> the motorcade looks presidential enough. the trouble is the republican leadership thinks the person inside does not. for a man not normally shy of cameras, donald trump has kept a relatively low profile today. those opposed to him have not. behind closed doors at theblican hq, mr. trump met most senior elected republican, the speaker of the house of representatives, paul ryan, someone who has conspicuously refused to endorse the billionaire businessman. despit
politics surrounding all this, there is an investigation of a very huge scandal on corruption involving petrobrasthe largest company in brazil. although the president is not accused of enriching herself like many other members of she iss parliament have, being accused of obstruction of .ustice in that affair it remains to be seen. laura: thank you for joining us. from one political drama to another, donald trump came to washington with a lot riding on the outcome for the political party. he met...
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May 12, 2016
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cut spending and privatize many state- controlled sectors, but he's also been implicated in the petrobras scandal. >> the most recent poll by one of the country's biggest polling companies put his approval ratings in the single digits and only two percent of the respondents in that poll said they would vote for him for president. so he's really starting with low expectations at this point. >> sreenivasan: all of this, as brazil is struggling with the zika virus. and in just under three months, rio de janeiro will host the olympic games. >> woodruff: now, new revelations about an elaborate scheme of alleged doping at the 2014 winter olympics. a top russian olympic official says his government orchestrated a plan to supply dozens of athletes with performance- enhancing drugs. the head of russia's anti-doping lab during the competition in sochi, russia, grigory rodchenkov, told "the new york times" he created a cocktail of drugs for a state-run doping program that included 15 medal winners. among those alleged to have received drugs are members of the cross country ski team and two bobsledde
cut spending and privatize many state- controlled sectors, but he's also been implicated in the petrobras scandal. >> the most recent poll by one of the country's biggest polling companies put his approval ratings in the single digits and only two percent of the respondents in that poll said they would vote for him for president. so he's really starting with low expectations at this point. >> sreenivasan: all of this, as brazil is struggling with the zika virus. and in just under...
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May 4, 2016
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after trying to obstruct a sweeping corruption investigation involving petrobras. this would be the first time that rousseff would be directly implicated in brazil's biggest ever graft case she is likely to cb -- she is likely to be suspended from office on the latest charges of breaking budgetary laws. let's take a look at our headlights today on "france 24." turks could soon be traveling to europe fisa free with conditions. -- visa free with conditions. ted cruz pulls out of the race for the white house after a crushing defeat in the indiana primaries. donald trump is now almost certain to win the republican nomination. in canada, the entire population of an oil sands city in alberta forced to evacuate from wildfires. time now for our business news with stephen carroll. hi, stephen. you're starting with a court ruling that will dramatically change the way cigarette tax looks. stephen: to new rules will require bigger health warnings and ban flavored cigarettes. the repeating court of justice and -- it also as more regulation to the sale of electronic cigarettes.
after trying to obstruct a sweeping corruption investigation involving petrobras. this would be the first time that rousseff would be directly implicated in brazil's biggest ever graft case she is likely to cb -- she is likely to be suspended from office on the latest charges of breaking budgetary laws. let's take a look at our headlights today on "france 24." turks could soon be traveling to europe fisa free with conditions. -- visa free with conditions. ted cruz pulls out of the...
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May 13, 2016
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abusing campaign financing laws in 2014, and he has been accused of appointing high-level positions at petrobras for two executives later found guilty of bribery and fraud. hezbollah has concerned -- confirmed that one of its top commanders in syria has been killed. was killed in he explosion targeting one of its bases near damascus airport. his death is considered the biggest blow to the iranian backed group since 2008. reporter: we have more. chieflah's toff desktop -- top chief evan leading military operations. spentoted that he had several months previously saying i won't come back from syria unless i am a martyr or carrier of the banner of victory. he spent several years in a jail , suspected of involvement in the bombings of both the u.s. and french embassies in 1983. onng with the beirut attack a u.s. marine corps barracks that left 241 personnel dead. that's -- he escaped imprisonment in 1990, cording to the u.s., he stepped up to fill his brother-in-law's role as hezbollah military commander in 2008 through the assassination thought to a been carried out by israel. he was also indicted
abusing campaign financing laws in 2014, and he has been accused of appointing high-level positions at petrobras for two executives later found guilty of bribery and fraud. hezbollah has concerned -- confirmed that one of its top commanders in syria has been killed. was killed in he explosion targeting one of its bases near damascus airport. his death is considered the biggest blow to the iranian backed group since 2008. reporter: we have more. chieflah's toff desktop -- top chief evan leading...
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May 11, 2016
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plantingee uncle sam an american flag into brazil's state-run oil company petrobras.hat are two destroyers detect two major papers in brazil. you can see what i was saying -- these newspapers that seem set out to destroy dilma rousseff. >> let's move on to a story here in france. the government deciding to use this constitutional loophole to push through a very controversial labor law reform. at the same time drawing a lot of criticism from the press. >> yes. this is the 49.3. that's the article of the french constitution that allows the government to push a law through parliament essentially. you can see the front page of the pro-business paper that says 49.3 brings the beginning of the end for the government. hollande andois his government are completely paralyzed. any time they try to push everything through parliament it becomes this huge political drama. this is a cartoon of him on a horse that depicts the socialist party. the horse has a bunch of broken legs. and he is whipping the horse to try to get it to go over this obstacle, which is 2017. that's when there
plantingee uncle sam an american flag into brazil's state-run oil company petrobras.hat are two destroyers detect two major papers in brazil. you can see what i was saying -- these newspapers that seem set out to destroy dilma rousseff. >> let's move on to a story here in france. the government deciding to use this constitutional loophole to push through a very controversial labor law reform. at the same time drawing a lot of criticism from the press. >> yes. this is the 49.3....
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May 19, 2016
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. >> petrobras, raymond james is downgrading the stock to an underperform. this is interesting.performing large cap oil stock this year. >> not brazil's, not america's, the world's. >> it is a leader in the energy junk rally. it's up 60% but it's not trading on its own fundamentals. it's been a proxy for brazilian politics and following last week's vote in the senate, raymond james think this is trade is over so pbr is the only underperform rated stock in that analyst coverage. >> lest we forget in june of 2008 petrobras was a $68 stock. >> of course. >> it's now six and change and that's coming off the aforementioned double. >>> finally, today's under-the-radar name tis teck resources. goldman starts coverage with a buy and $12 target so they see about 25% upside. goldman says they like the commodity exposure teck offers because 80% comes from zing and metallurgical coal. it's been a wild stock. up 140% this year already but down 28% over the past 12 months. clsa cut that stock to a sell about a month ago. >> that is member of that so-called junk rally we saw in energy as well
. >> petrobras, raymond james is downgrading the stock to an underperform. this is interesting.performing large cap oil stock this year. >> not brazil's, not america's, the world's. >> it is a leader in the energy junk rally. it's up 60% but it's not trading on its own fundamentals. it's been a proxy for brazilian politics and following last week's vote in the senate, raymond james think this is trade is over so pbr is the only underperform rated stock in that analyst...
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May 27, 2016
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this is petrobras. this is according to people familiar with the matter that spoke to bloomberg.omatically is this symptomaticohn, how is this of what brazil needs to go through? is the center of many of those things. btg was the great symbol of , as some inside brazil sometimes referred to it. then it had this huge fall. now it is trying to sort itself out -- and, to be fair, it is doing a good job of it. the problem with brazil is that the politicians do not carry on reforms. in the meantime, you have this rising wave of corruption surrounding de la rue seth. rouseff.- dilma coming up on bloomberg radio today, we will speak on oil. it is good to speak from the commanding heights of daniel juergen. we will speak to him of the president's visit to hiroshima. this is "bloomberg surveillance." ♪ tom: thrilled you were with us on this friday. francine lacqua in london. i'm tom keene in new york. there is a vote in england in june. i think we will talk about that. francine: is there? tom: i believe so. >> thanks, tom. it is a big victory for google over oracle. google won a jury verd
this is petrobras. this is according to people familiar with the matter that spoke to bloomberg.omatically is this symptomaticohn, how is this of what brazil needs to go through? is the center of many of those things. btg was the great symbol of , as some inside brazil sometimes referred to it. then it had this huge fall. now it is trying to sort itself out -- and, to be fair, it is doing a good job of it. the problem with brazil is that the politicians do not carry on reforms. in the meantime,...
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May 13, 2016
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the petrobras probe has already lead to arrests in brazil. the u.s.ing into more than one dozen operations. it has been called the most secure financial messaging system and the world. cyber crooks have a tax it again. swiss is used by banks to move money around the world. unnamedck involved an bank. they stole $81 million from the central bank of bangladesh. germany is pressuring the international monetary fund over greece. germany wants the imf to accept assurances that the debt burden will be addressed in the future. the imf is under pressure to isept greek a sturdy that -- greek austerity that is less than what they want. sailors were held by iran for 15 hours before being released. the executive commander of their unit has been relieved of the navy personnel and is likely to be disciplined. a federal judge in washington dealt a blow to obama's health care reform act. saying that it is unconstitutional. republicans argued that congress must appropriate the money. the judge put her ruling on hold pending an appeal. global news, 24 hours a day, powe
the petrobras probe has already lead to arrests in brazil. the u.s.ing into more than one dozen operations. it has been called the most secure financial messaging system and the world. cyber crooks have a tax it again. swiss is used by banks to move money around the world. unnamedck involved an bank. they stole $81 million from the central bank of bangladesh. germany is pressuring the international monetary fund over greece. germany wants the imf to accept assurances that the debt burden will...
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May 13, 2016
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froml could still benefit oil reserves, but not necessarily have to go through petrobras.nk that is where the political will is focused now. scarlet: in addition to political turmoil is that rio is getting ready to host the summer olympics. some believe that they should cancel the olympics for the risk of the zika virus. the white house weighed in and said they do not think that is the case. >> i think the olympics are there, and they will stay. will be potentially some empty seats. i think brazil is doing what it can. i think what we know from ittorical perspective is will be the december of a big, but winter in brazil. dengue ander months, the mosquitoes carry this virusrus will be -- zika will be low. alix: the last point on brazil has and that the central bank will cut rates. you for see that as a probability? what are the applications? is early to say what the future central-bank chief will do. all indications is that interest rates may be coming down in brazil. they are exorbitantly high at this moment. i think that will depend on the policy that this government take
froml could still benefit oil reserves, but not necessarily have to go through petrobras.nk that is where the political will is focused now. scarlet: in addition to political turmoil is that rio is getting ready to host the summer olympics. some believe that they should cancel the olympics for the risk of the zika virus. the white house weighed in and said they do not think that is the case. >> i think the olympics are there, and they will stay. will be potentially some empty seats. i...
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the petrobras bribery probe has led to 150 arrests in brazil. the u.s.s looking into one of brazilianrporations, law doesn't allow criminal charges against companies. hsbc's hiring 175 people for the financial crime compliance team, they will focus on anti-money-laundering and sanctions compliance. that's according to people familiar with the plan. yuki lenders are required by law to isolate the consumer banking units from riskier trading businesses. that is your bloomberg business flash. global investors are sifting through all of this data that we've got today. hong kong's economy of excitedly contracted in the first quarter is falling retail sales in a weakening property market weight on growth. the euro area, growth was revised down slightly, even as germany's economy accelerated at the fastest pace in two years. in the u.s. we have retail sales offers climbing 1.3% in april, despite the trouble that we saw from retailers, what ceos are saying is a glum picture for consumers. what exactly is the global picture telling us? fromrivkin is joining us out
the petrobras bribery probe has led to 150 arrests in brazil. the u.s.s looking into one of brazilianrporations, law doesn't allow criminal charges against companies. hsbc's hiring 175 people for the financial crime compliance team, they will focus on anti-money-laundering and sanctions compliance. that's according to people familiar with the plan. yuki lenders are required by law to isolate the consumer banking units from riskier trading businesses. that is your bloomberg business flash....
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May 24, 2016
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goes the investigation into a bribery scheme involving petrobras. he agreed on the need to limit the graft probe and staunch the bleeding. of the word use "bleeding," referring to brazil's freefalling economy in the recent political turmoil. the scandal is fueled to the pro-rousseff cap, saying the former president is now facing a political trial, essentially a two. romero juca says it is a blow to president tmeemer. arer and other ministers currently under investigation for their alleged roles in the petrobras scandal. annette: a reminder of what is making headlines this hour. right police are called in as police begin to evacuate thousands of stranded refugees from the idomeni camp. the french government is earning people -- is urging people not to panic. the result is an ongoing industrial campaign against the government's controversial new labor reforms. survivors and families of the victims of the paris attacks last november are meeting with judges who are carrying out the investigation into the nation's worst ever terrorist incident. it is tim
goes the investigation into a bribery scheme involving petrobras. he agreed on the need to limit the graft probe and staunch the bleeding. of the word use "bleeding," referring to brazil's freefalling economy in the recent political turmoil. the scandal is fueled to the pro-rousseff cap, saying the former president is now facing a political trial, essentially a two. romero juca says it is a blow to president tmeemer. arer and other ministers currently under investigation for their...
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May 12, 2016
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casee have the petrobras that we arty know about it.that, the state of the national finances. states in brazil are in desperate need of debt relief and all of this well road -- will affect brazil's debt burden. carol: personal, rousseff, is she done? and temer, how much time does he have? monica: well, she's gone. there is no doubt about that. two thirds against her. very little time. he is not going to have 100 days. he will have at most three weeks. carol: great to have your inside. visiting fellow at the peterson institute for international economics. she has written a lot about brazil and studied that economy. coming up next, richard branson joining us. and how innovation is disrupting the way we give to charity. that's next. ♪ carol: this is bloomberg markets. the software associated conference in california where richard branson and his son are asking business leaders what is possible. cory johnson is at the westin hotel in san francisco. : we are here with richard branson and sam branson. an interesting discussion. sam, explained
casee have the petrobras that we arty know about it.that, the state of the national finances. states in brazil are in desperate need of debt relief and all of this well road -- will affect brazil's debt burden. carol: personal, rousseff, is she done? and temer, how much time does he have? monica: well, she's gone. there is no doubt about that. two thirds against her. very little time. he is not going to have 100 days. he will have at most three weeks. carol: great to have your inside. visiting...
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May 12, 2016
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. -- petrobras kind of numbers. that means they should borrow to pay their dividend.g will that be sustainable? we don't know. erik: you were short more names in the nt, or you? you? the e&p, weren't jim: yes. a lot of stocks that we were short had 20 dollars or $30 were trading in civil digits. a number of those names have rallied since mid february, backup 200%, 300%, and are certain to look interesting again. erik: they are looking potentially attractive as shorts. jim: yes. havenk the stock prices outrun the oil price. they are discounting in some cases $60 to $80 oil. and we are at $45. and in many cases, going up the mostar action actually more weighted to natural gas than oil. -- erik: what is a going to take for them to inspire a short position? jim: we want to see what is going on with their free cash flows. case on oil,ull and i think it is a valid one, is that american production will drop off. it is dropping. it's not plummeting. but it's dropping. we want to stewart goes. -- we want to see where it goes. erik: where does the price look most? disconnected
. -- petrobras kind of numbers. that means they should borrow to pay their dividend.g will that be sustainable? we don't know. erik: you were short more names in the nt, or you? you? the e&p, weren't jim: yes. a lot of stocks that we were short had 20 dollars or $30 were trading in civil digits. a number of those names have rallied since mid february, backup 200%, 300%, and are certain to look interesting again. erik: they are looking potentially attractive as shorts. jim: yes. havenk the...
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May 11, 2016
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. >> rose: there's been discussion because of petrobras. others say it's a soft coup. >> well, when you look at the merits of the case the president is being evaluated on there is not a very strong case. i think you cannot challenge the legality of the process. you can sort of ask about the legitimacy of the process. that's what makes people uncomfortable. in the end they're talking about how you use the different lines of budget within the government if you were to pursue any presidents, most would be impeached around the world. how much of that is politically driven but also true the institutions are working based on a guideline. you need it walk a thin line to not go too far in your conclusions and hope they can sort it out on >> rose: when you proceed on the trip you're taking, what's your message to other countries about the foreign policy of argentina or the administration of the new president? >> well, essentially we are open to the world. we want to be part of the world. we deeply believe being integrated to the world is an opportun
. >> rose: there's been discussion because of petrobras. others say it's a soft coup. >> well, when you look at the merits of the case the president is being evaluated on there is not a very strong case. i think you cannot challenge the legality of the process. you can sort of ask about the legitimacy of the process. that's what makes people uncomfortable. in the end they're talking about how you use the different lines of budget within the government if you were to pursue any...
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May 31, 2016
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he stepped down from the oil company petrobras. >>> and demand for air travel could be on the verge ofhifting down a gear. that's according to the industry's main trade body iata. they call for a drop in annual growth, down to 4.6% in april, the lowest pace since 2015. >>> jazz pharmaceuticals could announce a deal to buy celator pharmaceuticals. some analysts question whether the company had enough money to bring the drug to market. the proposed deal would be for about double of celator's market value up around $740 million. >>> verizon has reached a attentive deal with leaders of striking unions in an effort to win a walkout that lasts nearly seven weeks. according to one of the unions, verizon has agreed to almost an 11% raise in pay over four years. nearly 40,000 workers are expected to return to work wednesday. this is expected to have an impact on the nonfund payrolls as well. the expectation this week is 140,000 jobs significantly week weaker than expected for verizon. >>> and now to viacom, it took another turn over the weekend. wilfred frost is at cnbc hq and has the details.
he stepped down from the oil company petrobras. >>> and demand for air travel could be on the verge ofhifting down a gear. that's according to the industry's main trade body iata. they call for a drop in annual growth, down to 4.6% in april, the lowest pace since 2015. >>> jazz pharmaceuticals could announce a deal to buy celator pharmaceuticals. some analysts question whether the company had enough money to bring the drug to market. the proposed deal would be for about double...
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May 2, 2016
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BLOOMBERG
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and we forget about things like the petrobras scandal.a lot of barriers before you get to a solution to their problems. conrad: absolutely. economically, it will still be a struggle. vp, i now he is putting on a totally different face. i think change is good. i feel good about the economy and what could happen to it, because looking at the suffering they have gone through economically. but there are significant challenges. there is not a significant change, but we are now uncovering all of the corruption upndals, which is opening that the system itself was corrupt. good news it is democratic and is coming to a boil now. but it is more systemic. jonathan: how do you get a read on brazil? looking at santander numbers, it has stabilized. a credit. you see there is credit that needs to shrink. will increaseit significantly, so whether you're looking at corporates -- you get respect with the real strengthening a little, but it will still be a struggle on that front and in copper. are emerging markets, you buying it for the consumer and for con
and we forget about things like the petrobras scandal.a lot of barriers before you get to a solution to their problems. conrad: absolutely. economically, it will still be a struggle. vp, i now he is putting on a totally different face. i think change is good. i feel good about the economy and what could happen to it, because looking at the suffering they have gone through economically. but there are significant challenges. there is not a significant change, but we are now uncovering all of the...
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May 31, 2016
05/16
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LINKTV
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surfaced of him attempting to block an investigation into corruption at the state-run oil company petrobras. last week, the planning minister for the interim government also resigned after explosive transcripts revealed how he plotted to oust president dilma rousseff in order to end a corruption investigation that was targeting him. in the philippines, journalist alex balcoba was murdered in manila monday by two gunmen. balcoba was a reporter for the people's brigada a tabloid. the philippines is one of the world's deadliest countries for reporters. more than 30 journalists have been killed under president aquino's administration. his murder comes one day after the philippines congress officialally declared rodrigo duterte the next president. duterte has admitted to s s role in death squads, joked autut the gang rape of an australian missionary, and pledged to kill tens of thousands of people. meanwhile, in egypt, the head of the journalists union and two of the union's board members are facingng trial on charges of harboring opposition journalists in the l latest crackdown againt press fre
surfaced of him attempting to block an investigation into corruption at the state-run oil company petrobras. last week, the planning minister for the interim government also resigned after explosive transcripts revealed how he plotted to oust president dilma rousseff in order to end a corruption investigation that was targeting him. in the philippines, journalist alex balcoba was murdered in manila monday by two gunmen. balcoba was a reporter for the people's brigada a tabloid. the philippines...
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May 25, 2016
05/16
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KCSM
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so-called "car wash" investigation over money laundering and corruption at the state-controlled oil firm petrobras. in the conversation, the men agree that ousting president rousseff would be the only way to end the corruption probe. , we transcript, juca says have to and it. writing for the intercept, journalist journalist glenn greenwald said -- "the transcripts provide proof for virtually every suspicion and accusation impeachment opponents have long expressed about those plotting to remove dilma from office." on monday, the planning minister said his comments were taken out of context but he would step , down as a planning minister. well, for more, we go now to berkeley, california, where we're joined by maria luisa mendonca. she is the director of brazil's network for social justice and human rights. she is also a professor in the international relations department at the university of rio de janeiro. her recent piece for the progressive is called, "brazil's parliamentary vote is a coup." maria luisa mendonca, welcome to democracy now! can you explain what is happening and the significance of
so-called "car wash" investigation over money laundering and corruption at the state-controlled oil firm petrobras. in the conversation, the men agree that ousting president rousseff would be the only way to end the corruption probe. , we transcript, juca says have to and it. writing for the intercept, journalist journalist glenn greenwald said -- "the transcripts provide proof for virtually every suspicion and accusation impeachment opponents have long expressed about those...
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May 13, 2016
05/16
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KCSM
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temer has been implicated in brazil's massive corruption scandal involving state-owned oil company, petrobras. several of his top advisers are also under investigation, and just last week he was ordered to pay a fine for violating campaign finance limits. after thursday's vote he vowed to "restore respect" to brazil's government. >> my first word to the brazilian people is the word trust. trust in the values that form the character of our people. the vitality of our democracy. trust the recuperation of our country's economy, our countries potential, and its social and political institutions. amy: michel temer was sworn in thursday along with a new cabinet that is all white, and all-male making this the first , time since 1979 that no women have been in cabinet. "the new york times" reports temer attempted to appoint a woman to oversee human rights policies, but faced blowback after it became clear she had voted in favor of legislation to make it difficult for women who are raped to get abortions. temer also offered the science ministry to an evangelical pastor who does not believe in evolutio
temer has been implicated in brazil's massive corruption scandal involving state-owned oil company, petrobras. several of his top advisers are also under investigation, and just last week he was ordered to pay a fine for violating campaign finance limits. after thursday's vote he vowed to "restore respect" to brazil's government. >> my first word to the brazilian people is the word trust. trust in the values that form the character of our people. the vitality of our democracy....
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May 24, 2016
05/16
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LINKTV
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wash investigation over money corruptionand stay -- and corruption at the state-controlled oil firm petrobras. in the conversation, the men agree that ousting rousseff would be the only way to end the corruption probe. juca notes the impeachment would "end the pressure from the media and other sectctors to continue the car wash investigation." he also says he has spoken with military commanders, who are supporting the plan, and who are "monitoring the landless workers movement," which supports the policies of rousseff's party. and juca also says he has secured involvement by justices of the brazilian supreme court, saying "there are only a small number" of justices he has not had access to. writing for the intercept, pulitztzer prize-winning journalist glenn greenwald said -- "the transcripts provide proof for virtually every suspicion and accusation impeachment opponents have long expressed about those plotting to remove dilma from office." on monday, the planning minister said his comments were taken out of context but he would step , down. as brazil's new interim foreign minister visited a
wash investigation over money corruptionand stay -- and corruption at the state-controlled oil firm petrobras. in the conversation, the men agree that ousting rousseff would be the only way to end the corruption probe. juca notes the impeachment would "end the pressure from the media and other sectctors to continue the car wash investigation." he also says he has spoken with military commanders, who are supporting the plan, and who are "monitoring the landless workers...
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May 12, 2016
05/16
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BLOOMBERG
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the rush of money into a place like brazil is the petrobras century bomb.up on the bloomberg terminal, there is my bloomberg right now and that right there is the petrobras century bond, a bond that went to market and at one point had a yield above 8%, and the crisis hits, everyone gets concerned and attitudes of two over 11.5%. diego ferro simpson says i'm going to have some of that. reapplying it just to say the volume is going to appreciate? unlike -- s not it is capital gains, and you see a situation in which the market has gotten ahead of itself, and do we expect -- we will not be around to wait for the material of that bond, but do we ask that -- to rethink that it is any serious risk of the -- term? do we understand the concerns, yes. wouldan: the question i ask you then, the money that is rushing into brazil, when you want to get out because it is time to get out, how easy was it to get out? diego: very easy because at the you trade to get in when everyone is trying to get out and you trade to get out and everyone is rushing in, so there was way mor
the rush of money into a place like brazil is the petrobras century bomb.up on the bloomberg terminal, there is my bloomberg right now and that right there is the petrobras century bond, a bond that went to market and at one point had a yield above 8%, and the crisis hits, everyone gets concerned and attitudes of two over 11.5%. diego ferro simpson says i'm going to have some of that. reapplying it just to say the volume is going to appreciate? unlike -- s not it is capital gains, and you see a...
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May 24, 2016
05/16
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CNBC
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impressive, percentages mostly driven forward by the performance of state-led corporations like petrobrasre commodities which brazil presents competitive advantages helped a lot to fuel what we call the brazil mania at the end of the first decade. many of the residence why this miracle is being operated simply vanished from the radar screen. there was a lost fiscal irresponsibility. a lot of overspending. of course, brazil did not enact those urgent labor fiscal and social security reforms that would help it harmonize its conditions to compete internationally. and now, when you add to that a picture of corruption and of incompetence that i think has been the mark of the first mark of dilma rousseff and all of way to mere being impeached at senate only a few weeks ago, this, of course, has driven a lot of interest away from brazil. sill central country when you talk about emerging markets in spite of all of the problems brazil is still the largest economy. it has to get back on track as soon as, get rid of its problems and resume growth because the whole region needs it. >> and you're opti
impressive, percentages mostly driven forward by the performance of state-led corporations like petrobrasre commodities which brazil presents competitive advantages helped a lot to fuel what we call the brazil mania at the end of the first decade. many of the residence why this miracle is being operated simply vanished from the radar screen. there was a lost fiscal irresponsibility. a lot of overspending. of course, brazil did not enact those urgent labor fiscal and social security reforms that...
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May 12, 2016
05/16
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BLOOMBERG
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petrobras traditionally has been a well-run country -- company.has gotten heavily engaged in the politics going on there. enabling it to operate as a country that works on the basic -- the bases of market part falls -- market principles. person for the job? he is a career politician and a constitutional lawyer. it is also about unifying and rallying the troops. >> he is a teacher and a lawyer, he has been from an important city and played an important role. a lot of factions, as you well know, who wonder whether he can do that. we will see whether there is a lot of pressure to really clean house and put a lot of new people in. that will be a big challenge. tom: a wide-eyed freshman on diplomacy, you know as a pragmatist that it is out there. prime minister kamman working with a corruption panel in the united kingdom. we saw the queen the other day and prime minister cameron talking about corruption i believe in nigeria. how do you shift brazilian people toward less corruption? what is the tactical thing to do to get that done? >> in many emerging
petrobras traditionally has been a well-run country -- company.has gotten heavily engaged in the politics going on there. enabling it to operate as a country that works on the basic -- the bases of market part falls -- market principles. person for the job? he is a career politician and a constitutional lawyer. it is also about unifying and rallying the troops. >> he is a teacher and a lawyer, he has been from an important city and played an important role. a lot of factions, as you well...
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May 5, 2016
05/16
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CNBC
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host based on accusation that he abused hi powers and tried to meddle with the investigation into petrobrasy'll vote yes to proceed with the trial, which means the vote would move to the nat next week. if a simple majority recommends impeachment, he would immediately step down for trial and the vice president would assume presidential duties. brazilian stocks trading lower on the day, but still up year to date. >>> on that note, more signs of economic trouble in brazil. car sales stalling big time. phil lebeau has the details. >> they were down 25% in the month of april. 25%, and i think they were down something like 31% in the first quarter. it's the old axiom, regardless of the market -- as consumer confidence goes, so goes auto sales. consumer confidence is terrible in brazil, which is why the expectation for this year is that sales will drop 16.5%. that means sales will likely come down to about 2.1 million this year. i think brazil is going to fall back into the world ranking in terms of auto markets into fifth or sixth place. again, the automakers, they're not able to do too much abou
host based on accusation that he abused hi powers and tried to meddle with the investigation into petrobrasy'll vote yes to proceed with the trial, which means the vote would move to the nat next week. if a simple majority recommends impeachment, he would immediately step down for trial and the vice president would assume presidential duties. brazilian stocks trading lower on the day, but still up year to date. >>> on that note, more signs of economic trouble in brazil. car sales...
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May 24, 2016
05/16
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KSTS
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considerado que la destituciÓn de dilma rouseff serÍa la Única manera de detener la corrupciÓn en petrobras del paÍs. el dirigente ciudadano dijo que estÁ dispuesto a conversar con cualquier sector polÍtico. la erupciÓn del volcÁn sinabung deja a 2 personas muerass. nadie deberÍa de haber estado en la aldea el fin de semana, pero algunos quisieron quedarse para cuidar sus granjas. indonesia se asienta en el whas >>> estos migrantes fueron enviados a la ciudad (nombre en inglÉs) >>> mÁs adelante regreso con mucho mÁs informaciÓn y ahora continuamente con l continuamos con los deportes. >>> muchas gracias edgardo >>> cÓmo se dice gracias en ruso >>> veremos >>> cuando se podrÍa cavaliers ganar, muestra a va loro de val >>> y gigantes gana >>> ya que gana >>> ya que hablamos del beisbol, tanto que a ti te gusta amigo. bartolo colÓn tiene una gran salida ante los nacional de, para llegar a con los mets triunfando. >>> el clubes inglÉs termina contrato con van gaal, van gaal seÑores, habÍa gastado 250 millones de libras en fichajes y sÓlo llego a poner a los diablos rojos en la tabla de nÚmero 5
considerado que la destituciÓn de dilma rouseff serÍa la Única manera de detener la corrupciÓn en petrobras del paÍs. el dirigente ciudadano dijo que estÁ dispuesto a conversar con cualquier sector polÍtico. la erupciÓn del volcÁn sinabung deja a 2 personas muerass. nadie deberÍa de haber estado en la aldea el fin de semana, pero algunos quisieron quedarse para cuidar sus granjas. indonesia se asienta en el whas >>> estos migrantes fueron enviados a la ciudad (nombre en...
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May 13, 2016
05/16
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BLOOMBERG
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the petrobras bribery probe -- it is already led to 50 arrests.may be one of china's biggest online leaks ever in sensitive personal information. personal information on dozens of chinese communist party leaders and business executives has been leaked on twitter, including that of jack ma. quicklythe tweets were deleted. a report says the european union naval operation is not working in the mediterranean. efforts to disrupt the multibillion-dollar migrant smuggling business are falling short. , the eu isr hand succeeding in rescuing refugees on the high seas. i'm taylor riggs. it is one of the biggest political decisions of the year. should the u.k. vote to leave or stay in the european union? tom the table. me around so many people weighing in and the last 24 hours. take a listen to this. >> we are not doing it out of politics. this is not the job of the imf. we are doing it because it is a significant downside risk. course there are a range of possible scenarios around these directions which possibly include a technical recession. >> we identifi
the petrobras bribery probe -- it is already led to 50 arrests.may be one of china's biggest online leaks ever in sensitive personal information. personal information on dozens of chinese communist party leaders and business executives has been leaked on twitter, including that of jack ma. quicklythe tweets were deleted. a report says the european union naval operation is not working in the mediterranean. efforts to disrupt the multibillion-dollar migrant smuggling business are falling short. ,...
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May 5, 2016
05/16
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KDTV
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salpicado a lula da silva y a otros dirigentes en el marco de este mega escÁndalo de corrupciÓn de petrobrÁspaÍs, un incremento del 93% respecto al mismo perÍodo en 2015. continuamos a quien despierta amÉrica celebrando 5 de mayo, voy con la doble a, ana y alan. ana: nos vamos con la triple, que se encuentra en puebla celebrando esta gran batalla de el 5 de mayo. alan: comida, mariachis, quÉ bÁrbaro! que hermosa te ves de china poblana. (risas) >> gracias queridos amigos, nos encontramos en cholula, corazÓn de puebla. es el anfitriÓn de la fiesta mexicana. nos acompaÑa el ballet que se llama" agua bajo la montaÑa". la fiesta inicia apenas salga el sol, vamos estar celebrando la batalla de el 5 de mayo. esta maÑana me siento muy feliz, seguramente han escuchado esta frase de cuando una mujer se pone sus moÑos es porque estarÉ caprichosa. cuando una mujer se pone sus moÑos puede pedir lo que sea, vean este vestuario tan hermoso, ropa tÍpica, lentejuelas, no nos podemos sentir y ver mÁs mexicanos. estamos aquÍ desde puebla para ustedes, estamos disfrutando Íbamos a disfrutar aÚn mÁs de esta tra
salpicado a lula da silva y a otros dirigentes en el marco de este mega escÁndalo de corrupciÓn de petrobrÁspaÍs, un incremento del 93% respecto al mismo perÍodo en 2015. continuamos a quien despierta amÉrica celebrando 5 de mayo, voy con la doble a, ana y alan. ana: nos vamos con la triple, que se encuentra en puebla celebrando esta gran batalla de el 5 de mayo. alan: comida, mariachis, quÉ bÁrbaro! que hermosa te ves de china poblana. (risas) >> gracias queridos amigos, nos...
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May 19, 2016
05/16
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BLOOMBERG
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petrobras did and argentina did and we are in an incredible time where people are desirous of yields.ofits being softer, this is a way to keep your return on equity. you can create more leverage in your capital structure. the markets are pushing back a bit. if it's a company that order line that is leveraging the balance sheet. good quality companies -- post- financial crisis, parties were pretty conservative with cash flow and cash on hand. now you're putting leverage on businesses that are not that scary. you can still do a bit more leverage. you have to look at the type of company and the industry they are in. more is coming and we will have a heavy year of invest great issuance. >> 30 year bonds? >> we think there is a good runway for this company and the spread is right and the yields are right for that company. talk aboutecifically our positions but we think it was priced attractively. self in theour place of a corporate treasure and given negative interest rates in some locations and quantitative easing, it has to do change your decision about your capital structure because you
petrobras did and argentina did and we are in an incredible time where people are desirous of yields.ofits being softer, this is a way to keep your return on equity. you can create more leverage in your capital structure. the markets are pushing back a bit. if it's a company that order line that is leveraging the balance sheet. good quality companies -- post- financial crisis, parties were pretty conservative with cash flow and cash on hand. now you're putting leverage on businesses that are...
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May 13, 2016
05/16
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KDTV
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interino michel temer llamÓ a la unidad y prometiÓ respaldar la investigaciÓn sobre la corrupciÓn en petrobrÁss del estado del tiempo, adelante. >> este segmento de "despierta amÉrica" es presentado por: los fabricantes de zytec, cuÁnto mÁs sufren alergias más cosas te pierdes, deja de sufrir alergias. carolina: feliz viernes, una maÑana propicia para un chocolate caliente en el norte de la naciÓn, ya que amanecen con temperaturas en congelaciÓn, tormenta sobre el medio este, porciones del atlÁntico medio y los grandes lagos, se esperan fuertes tormentas para carolina del norte, virginia y otro segundo frente traerÍa tormentas para que kansas y la parte media del valle del mississippi. en cuanto a las temperaturas, chica, si mÁs de 66,40% de actividad de lluvia pero tenga su paraguas a la mano porque en la noche tiene 100%, maÑana cumplÍa con nubosidad parcial mÁs seco y temperaturas 10 por debajo, mÁximas en 56 como pronÓstico, en la gran manzana 64 de mÁxima, 90% de actividad de precipitaciones, no guarde su paraguas porque maÑana hay lluvia en su pronÓstico con mÍnimas de 54, panorama difer
interino michel temer llamÓ a la unidad y prometiÓ respaldar la investigaciÓn sobre la corrupciÓn en petrobrÁss del estado del tiempo, adelante. >> este segmento de "despierta amÉrica" es presentado por: los fabricantes de zytec, cuÁnto mÁs sufren alergias más cosas te pierdes, deja de sufrir alergias. carolina: feliz viernes, una maÑana propicia para un chocolate caliente en el norte de la naciÓn, ya que amanecen con temperaturas en congelaciÓn, tormenta sobre el...