IHS Chemical Week

People & Business :: Companies

Reports: Brazil's regulator seeks explanation from Braskem, Petrobras of hedge accounting in second quarter

5:02 AM MDT | August 14, 2013 | Francinia Protti-Alvarez

Brazil's securities commission, CVM (Rio de Janeiro), has requested Braskem and energy company Petrobras to provide an explanation of the adoption of hedge accounting in the companies' second-quarter results, according to a report from Agencia Estado. Hedge accounting is a mechanism that neutralizes the impact of exchange rate fluctuations on a company's foreign-currency debt in the short term.  CVM has requested Braskem to provide documentation detailing the risk-management policy that guides the company's strategy, says a report from Brazilian newspaper...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa