Grace Fan

Director, Brazil/Latin America Research

Elizabeth Johnson

Managing Director, Brazil Research

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Recent Brazil research

* Brazil: New electoral rules for 2018, Grace Fan, Elizabeth Johnson, 12 Oct 2017
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* Brazil: Foreign investors buoy energy auctions, Elizabeth Johnson, Grace Fan, 28 Sep 2017
* Brazil: Foreign investors buoy energy auctions, Elizabeth Johnson, Grace Fan, 28 Sep 2017
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Petrobras’ conundrum

Overview

Petrobras (PETR3:BZ, PBR:US) – long the investor of last resort for the Brazilian government – under CEO Maria das Gracas Foster has shown some unexpected signs of defiance against hewing to its traditional role as the firm battles to trim its bloated balance sheet and win back the confidence of disheartened minority shareholders. Although some of its recent cost-cutting initiatives are a step in the right direction, they will take time to implement and also run counter to the Dilma...

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