Brazil’s credit outlook was cut by Moody’s Investors Service, which said the corruption scandal ensnaring President Michel Temer poses a rising threat to the recovery of Latin America’s largest economy. Moody’s reduced the nation’s outlook to negative from stable and kept its rating at two levels below investment […]
May 26 Maria Silvia Bastos has resigned as head of BNDES due to personal reasons, the Brazilian development bank said in a statement on Friday. BNDES director Ricardo Ramos will take over her position on an interim basis, the statement said. BNDES has been ensnared in recent months […]
Allies of beleaguered Brazilian President Michel Temer are waiting for a crucial electoral court ruling in early June rather than withdrawing support now, but they are already preparing a grand bargain to pick an interim successor, party leaders said this week. At dinner parties in plush Brasilia residences […]
By Marta Nogueira and Rodrigo Viga Gaier RIO DE JANEIRO, Brazil (Reuters) – Faced with financial restrictions, Petrobras announced on Thursday that it will exercise preemptive rights in just three out of eight prospects to be offered at the two pre-salt auctions, under a divestiture regime, in […]
May 25 Brazil’s state-run oil company Petroleo Brasileiro SA said on Thursday it decided to reduce the average price of gasoline at its refineries by 5.4 percent and diesel prices by 3.5 percent. (Reporting by Alonso Soto; Editing by David Gregorio)
Rio de Janeiro, May 26, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that yesterday its Executive Board approved the execution of a Term Sheet with Carioca Engenharia, providing for a set of integrity obligations for this company, to enable the removal of the provisional ban imposed by […]
Rio de Janeiro, May 25, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it submitted today to the National Energy Policy Council (CNPE) its first formal statement in connection to the preferential right for the second and third bidding rounds for exploration blocks under the production sharing […]
May 25 Brazil’s state-controlled oil company Petróleo Brasileiro SA will exercise its preferential rights in two offshore pre-salt oil auctions scheduled for this year, the company said in a statement on Thursday. Petrobras, as the company is known, said it will exercise its rights to explore an area […]
OPEC extended oil production cuts for nine more months after last year’s landmark agreement failed to eliminate the global oversupply or achieve a sustained price recovery. Members meeting in Vienna agreed to prolong their accord through March, said delegates familiar with the decision, asking not to be identified […]
Rio de Janeiro, May 24, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 1/23/2017, reports that it was formally notified today of the decision by the 3rd Federal District Court of Sergipe to dismiss without prejudice the popular interest suit to suspend […]
