Directors of the beautiful Casa Daros art space stunned Rio when they announced it would shut its doors just two years after opening. Does this forebode a dark period for cultural projects as the city is pounded by recession and scandal? By Nathan Walters Rio de Janeiro A tragedy has struck Rio de Janeiro, and(…)
Arquivo - Tag: Petrobras
A bad week for Brazil’s powerful women
Not long ago, Dilma Rousseff and Maria das Graças Foster were widely praised as the new faces of Latin America. Now, the billion-dollar corruption scandal has finally brought down Petrobras CEO Maria das Graças Foster (above). She had to go. But with President Dilma Rousseff also against the wall, 2015 is shaping up to be(…)
Inflation and the Petrobras problem
The world expected Brazil’s state oil industry to oversee a boom driven by offshore reserves. But Petrobras is stuck between a rock and a hard place, as the government has needed to use the company to combat the eternal threat of inflation, grinding relations with the investors the industry needs. By Dom Phillips Graça Foster,(…)
Bad week for Chevron, important case for Brazil
It’s never good news when you find out that the Brazilian government is prohibiting you from leaving the country so you can be tried for environmental crimes. But this is about much more than just the fate of 17 unhappy executives at Chevron, the major US oil company. The project to extract oil from Brazil’s(…)
