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ficer Almir Barbassa said on a conference call with analysts Thursday that Petrobras may not pay dividends even if it had a profit in 2014. Oi SA, Latin America's most-indebted phone company, extended its biggest monthly drop since 1998 after revoking a pledge to pay dividends of 500 million reais a year. It
.1 billion reais ($22.4 billion). The median forecast of analysts surveyed by Bloomberg called for a shortfall of 30 billion reais. S&P Downgrade Standard & Poor's cited an economic slowdown and deteriorating fiscal accounts when it cut Brazil's credit rating in March to one level above junk. "Since Petrobras
a larger revenue shortfall and stiff opposition to austerity measures, increasing the odds he will fail in his mission to prevent a junk rating for Latin America's largest economy, said John Welch, a strategist at Canadian Imperial Bank of Commerce. "His credibility and ability to deliver is diminished," Wel
-29 01:20:20.900 GMT By Raymond Colitt and Arnaldo Galvao (Bloomberg) -- A bad week got a lot worse Tuesday for Finance Minister Joaquim Levy when Standard & Poor's capped a string of setbacks by putting a negative outlook on Brazil's rating. Just six days earlier Levy was forced to abandon his budget-cutting
, Mr. Rodriguez was a Vice President at BNP Paribas in the Loan Syndications group with a focus on structured and leveraged syndications in North and Latin America. Mr. Rodriguez received a BA in Economics from Trinity College and an MBA from Kellogg Graduate School of Management at Northwestern University. Jon
Europe (including Hochtief Airport Capital. Germany and Allenby & Connaught accommodation PFI, UK). Prior to joining Citigroup, Mr. Vyas worked with Standard & Poor's credit rating and advisory services division (New Delhi) and with EXIM Bank India (Mumbai). Mr. Vyas has an MBA from INSEAD (France). has completed
, Mr. Rodriguez was a Vice President at BNP Paribas in the Loan Syndications group with a focus on structured and leveraged syndications in North and Latin America. Mr. Rodriguez received a BA in Economics from Trinity College and an MBA from Kellogg Graduate School of Management at Northwestern University. Jon
Europe (including Hochtief Airport Capital. Germany and Allenby & Connaught accommodation PFI, UK). Prior to joining Citigroup, Mr. Vyas worked with Standard & Poor's credit rating and advisory services division (New Delhi) and with EXIM Bank India (Mumbai). Mr. Vyas has an MBA from INSEAD (France). has completed
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