Petrobras

New York bombing suspect apprehended; eastern EU members demand no special deal for Brits; Petrobras cuts investment goals.
President Michel Temer’s commitment to fiscal discipline might not be an all-encompassing panacea for the Brazilian economy. But it’s a start.
As the country gears up to host the Olympics, there are signs that it is on track to break its recent streak of losing headlines.
Unemployment and prices fall in Germany; Audi drives Volkswagen quarterly profit; another Chinese flash crash; Jazz proposes Celator buy.
Skepticism continues over ECB easing; Petrobras reports another loss; no shift in OPEC estimates; Honda takes a hit on airbag recall.
Investors focus on employment data; Turkish Prime Minister Davutoglu to step down; Alibaba beats estimates; Tesla sales soar.
Federal Reserve and Bank of Japan make rate announcements; Brazil releases unemployment data as unrest there continues.
Although the boom in issuance from countries such as Brazil and China heightens default fears, yields remain tempting for investors.
Saudi Arabia rebuffs call for production summit; China prosecutes former state-owned enterprise chairman; S&P cuts Petrobras to junk.
Key economic data releases come out of China and Europe; Banco do Brasil reports second-quarter earnings; Siena, Italy holds centuries-old traditional horse race.