HALISTER1: Prosecutors: Brazil's Silva 'Commander' of Graft Scheme

Prosecutors: Brazil's Silva 'Commander' of Graft Scheme

Alert: HALISTER1
Source: APW (Associated Press)

Tickers
PETR4 BZ (Petroleo Brasileiro SA)

People
Luiz Inacio Da Silva (Federative Republic of Brazil)
Marcelo Odebrecht (Odebrecht SA)
Sergio Moro (Federative Republic of Brazil)

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UUID: 7947283

HALISTER1: FOMC Will ‘Shallow Out Path for Rates’: Morgan Stanley

FOMC Will ‘Shallow Out Path for Rates’: Morgan Stanley

(Bloomberg) -- FOMC dot plot to be released next week is likely to “shift lower and outward,” with medians falling to 1 hike this year, 2 in 2017, 3 in 2018 and 4 in 2019, ending at 2.875%, Morgan Stanley economists led by Ellen Zentner say in note.
  • This “should continue to support the belly of the yield curve,” and market-implied probability of a Dec. hike should fall below 50%, favoring UST 5Y
  • Morgan Stanley also expects:
    • “Benign” FOMC statement that removes “the now dated Brexit-specific reference that ‘near-term risks’ have diminished and reiterate it continues to ‘closely monitor’ inflation and global developments”
    • Reduction to 1.8% from 2% in economy’s long-run potential growth rate
    • “Minor adjustment” to NAIRU, to 4.7% from 4.8%
    • Yellen in Q&A “to tie the lower path for policy to persistent headwinds,” while “relaying an optimistic view that further rate hikes could be warranted” by progress toward mandates
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Ellen Zentner (Morgan Stanley)

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UUID: 7947283

HALISTER1: Lula Is at the Top of Petrobras Corruption Scheme: Prosecutor

Lula Is at the Top of Petrobras Corruption Scheme: Prosecutor

(Bloomberg) -- Lula received more than 3m reais in bribes from contruction co. OAS, prosecutor Deltan Dallagnol tells reporters in Curitiba, Brazil.
  • Payments were kickbacks from Petrobras’s contracts: Dallagnol
  • Lula charges include corruption, money laundering: Dallagnol
  • Petrobras lost as much as 42b reais w/ corruption scheme: Dallagnol
  • Scheme was built to benefit political parties: Dallagnol
  • NOTE: New Criminal Charges Add to Pressure on Ex-President Lula; Link to story
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PETR4 BZ (Petroleo Brasileiro SA)

People
Luiz Inacio Da Silva (Federative Republic of Brazil)

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UUID: 7947283

HALISTER1: Brazil Prosecutors Charge Lula With Corruption, Papers Report

Brazil Prosecutors Charge Lula With Corruption, Papers Report

Alert: HALISTER1
Source: BN (Bloomberg News)

People
Bruce Douglas (Harvard Development Company)
Luiz Inacio Da Silva (Federative Republic of Brazil)
Dilma Rousseff (Federative Republic of Brazil)
Eduardo Cunha (Federative Republic of Brazil)
Michel Temer (Federative Republic of Brazil)

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UUID: 7947283