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China Bailing Out Petrobras

Post on February 29, 2016, 2:05 pm by the-victoria-law-group 0 Comments

Petroleo Brasileiro SA secured a $10 billion loan from China Development Bank Corp. as the beleaguered state-owned oil producer endures the worst crude market in a generation and faces more than double that amount in maturities over the next two years. The lifeline is part of a deal to supply crude to the Asian country, Continue Reading…

Filed Under: Brazilian News
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Disrespecting your elders could get you in legal trouble in Brazil

Post on February 25, 2016, 4:42 pm by the-victoria-law-group 0 Comments

When Brazilians talk about respecting one’s elders, they put their money where their mouth is. Giving up your seat on a train to an older person or letting them cut in front of you in a long supermarket line is considered good manners in the United States, but in Brazil, it’s the law. In the Continue Reading…

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Brazil court authorizes probes of former Rousseff top aide, Sao Paulo mayor

Post on February 24, 2016, 4:51 pm by the-victoria-law-group 0 Comments

Brazil’s Supreme Court on Wednesday authorized formal investigations into President Dilma Rousseff’s former chief of staff, as well as the mayor of the country’s largest city and an opposition senator, for potential corruption. Supreme Court Justice Celso de Mello said federal prosecutors could investigate Rousseff’s former chief of staff, Aloizio Mercadante, who now serves as Continue Reading…

Filed Under: Brazilian News
09 May 2015 --- Elevated view of coastline and Ipanema, Rio de Janeiro, Brazil --- Image by © Aziz Ary Neto/Corbis

I went to Brazil, even though everyone told me not to because of Zika

Post on February 23, 2016, 3:27 pm by the-victoria-law-group 0 Comments

I was sitting in a taxi heading back to my hotel in Copacabana after a day touring the streets of Rio de Janeiro, when an ad came on the radio and I heard the words “Zika” and “mosquito” a few times. The cab driver chuckled lightly to himself and looked back at me in the Continue Reading…

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Citigroup Saying ‘Adios’ to Retail Banking in LatAm

Post on February 22, 2016, 1:48 pm by the-victoria-law-group 0 Comments

Citigroup Inc., the bank that gets more revenue from outside its home market than any of its U.S. competitors, plans to sell retail-banking and credit-card operations in Brazil, Argentina and Colombia. The businesses will be moved into the Citi Holdings unit, which houses the company’s unwanted assets, effective this quarter, the New York-based company said Continue Reading…

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Shell Oil Not Afraid of Brazil

Post on February 19, 2016, 1:17 pm by the-victoria-law-group 0 Comments

Hot on the heels of their $52-billion takeover of BG Group going into effect last month, Shell appears poised to make big moves in Brazil. Already the second largest oil and gas producer in Brazil, Shell has set its sights even higher. The only thing that stands in its way is state-owned Petrobras. Ben van Continue Reading…

Filed Under: Americans in Brazil