Grace Fan

Director, Brazil/Latin America Research

Elizabeth Johnson

Managing Director, Brazil Research

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Recent Brazil research

* Brazil: Cold winds blow on Temer, Elizabeth Johnson, Grace Fan, 22 Jun 2017
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* Brazil: Electoral court hints at 4-3 vote in favour of Temer, Grace Fan, Elizabeth Johnson, 8 Jun 2017
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* Brazil teeters on a political cliff edge, Larry Brainard, 2 Jun 2017

See all our Brazil research >>

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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