Investors scared off by Brazil’s political turmoil are returning to its currency, lured by the potential for Latin America’s second-highest carry return. The selloff in the real immediately after fresh corruption allegations were leveled at President Michel Temer last month has now subsided, with one-month price swings falling […]
Brazil’s Supreme Court is expected to rule on Thursday whether terms of plea bargains struck in the nation’s sweeping corruption probes can be revised by the full court, a move critics worry could sharply weaken the most potent weapon prosecutors wield in rooting out graft. The court on […]
All of them located in shallow waters of the Gulf of Mexico Juan Carlos Zepeda, president of the National Hydrocarbons Commission, which is Mexico’s energy regulator and organizer of the auctions, at the auction Monday in Mexico City. PHOTO: REUTERS By Robbie Whelan June 19, 2017 MEXICO CITY—Mexico […]
Brazil’s federal police on Tuesday delivered to a top court justice the bulk of their investigation into allegations that President Michel Temer took bribes in exchange for political favors doled out to the world’s largest meatpacker, JBS SA. The document, made public by the top court, is a […]
Rio de Janeiro, June 20, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that the Board of Directors of its wholly-owned subsidiary Petrobras Distribuidora S.A. (BR) approved yesterday the extension of the term of office of President Ivan de Sá Pereira Júnior and Officers of Operations and Logistics, […]
Rio de Janeiro, June 20, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to holders in connection with its redemption of the outstanding 2.750% Global Notes due 2018 (“2.750% Notes”), 5.875% Global Notes […]
A Brazilian Senate committee on Tuesday rejected President Michel Temer’s labor reform bill, in an unexpected blow to his administration that does not kill the pro-market proposal but shows weakening support for his agenda. Even after being rejected in the social affairs committee by 10 to 9 votes, […]
SAN RAMON, Calf.–(BUSINESS WIRE)–The United States Supreme Court has denied a certiorari petition seeking review of a decision by the U.S. Court of Appeals for the Second Circuit affirming extensive district court findings that a $9.5 billion Ecuadorian judgment against Chevron Corporation was the product of fraud and […]
Rio de Janeiro, June 19, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 5/15/2017, informs the start of the binding phase regarding the transfer of Petrobras’ stake in the Azulão Field, in the Amazon Basin. At this stage of the project, the […]
Rio de Janeiro, June 19, 2017 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved, in a meeting held today, an agreement to settle an individual securities action brought before the U.S. federal District Court for the Eastern District of Pennsylvania by a number […]
