How Will The Petrobras Scandal Impact Investments In Argentina?

[soliloquy id=”20948″] With top executives already in jail, 62 alleged bribe-receiving politicians sweating bullets and dozens of companies now under investigation, how will the Petrobras scandal impact the Brazilian oil giant’s investments in Argentina? A detailed analysis in today’s iProfesional poses that question and puts the magnitude of the scandal in local terms: the estimated US$45 billion in illegal surcharges, bribes and …

UTE, Eletrobras Moving Forward With Uruguay Wind Farm

Uruguay’s state-owned power company and Brazil’s largest electric company have signed an agreement to build a 65 megawatt wind farm in Colonia. According to El Pais, the 50/50 joint venture will oversee the construction of a US$100 million wind farm in Tararias, Colonia set to begin in the next 45 days. Upon completion in July 2014, the UTE/Eletrobras partnership will …

Brazil And Uruguay Talking Infrastructure & Regional Integration

Brazilian President Dilma Rousseff arrived in Montevideo this morning for her first one-on-one meeting with Uruguayan President Jose Mujica. According to El Pais, the two presidents will meet for five hours this afternoon and sign no fewer than 12 bilateral accords, several of which promote greater regional integration and infrastructure projects. Prensa Latina says some of the most high-profile agenda …

South American Denim Wars Highlight Brazil Dominance Across Industries

This week’s first meeting between the female presidents of Argentina and Brazil in Buenos Aires was full of fanfare, photo ops and pledges of mutual cooperation. “Argentina gets tough with Brazil on trade imbalance” was the rosy spin downtown; yet, 600 miles to the northwest, the ink was still drying on a deal that underscores Argentina’s short-sighted, protectionist policies and …