Petrobras Courtesy: Wikimedia Commons
11 June 2015

The rise and fall of Petrobras

Petrobras, which rose to become the fourth largest company in the world, is now battling a serious corruption scandal that has left its reputation in tatters. How did this global oil major scale such heights spectacularly and and then fall so low? There are lessons in this for India’s public sector oil companies.

brazil rck final Courtesy: Denise Mayumi/Flickr
17 December 2011

Brazil: South America’s tiger

What happened? What made it possible for Brazil to switch from its past chronic condition as an economic basket case, plagued by hyperinflation and low growth, to its present situation, in which the IMF’s Christine Lagarde comes begging for Brazilian support to bail out Europe?