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Brazil's Stocks and Currency Dive as the US Shifts Its Bailout Plan
Stocks in emerging countries such as Brazil are currently a roller coaster ride for the strong hearted. If you believe the Dow, Nasdaq, and TSX are currently a roller coaster ride, take a look at stock markets in emerging countries and you'll see several very hardcore and... Brazil inks deal to hunt for, produce oil in Cuba (Updated)
As expected, Cuba has granted Brazilian oil complany Petrobra leave to explore and produce oil and natural gas. This deal gives Brazil cotrol over 60 of possible offshore oil reseves. "Brazil is Cuba's... Brazil plans to sign deal to produce oil in Cuba
Cuba expect a major breakthrough in its bilateral relations with Brazil. During a 2 day visit starting after the Ibero America Summit currently held in San Salvador, President Lula da Silva would be signing an oil... Brazilian Petrobras oil workers on strike
Brazilian oil workers form Petrobras started a five day strike over the improvement of offshore working conditions. They intend to disrupt activities at the 42 oil fields at Campos basin which accounts for 80% of Petrobras production. It is unclear what would be the impact of... Ecuador gives oil companies one year to change contracts
Caracas, Venezuela, 14 June 2008. Today and during his weekly TV show and radio programme, Ecuadorian President Rafael Correa gave local oil companies one year to change the terms of their exploitation contracts... Kunstler: Market meltdown just the beginning
James Kunstler warns us that this week's market reprieve will be shortlived. He contends that the real threat to the American economy and the suburban lifestyle it has promoted and mass marketed is peak oil."It's too bad the current presidential candidates have been... Ecuador pushes contract talks after state oil grab
Following in Venezuela's successful state grab of oil, Ecuador's newly elected President Correa follows the Venezuelan blueprint sending Spanish and Brazilian oil companies into shock. As Latin America marches...
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