February 4, 2015 4:08 pm Petrobras: Timeline of a scandal John Aglionby Maria das Graças Foster, the embattled head of Petrobras, and five other executives have resigned over the corruption scandal enveloping the Brazilian state-owned oil group. Here is a timeline of the corruption crisis that is ricocheting into the rest of the economy. 2003-10 ©Reuters Dilma Rousseff... Continue Reading →

February 4, 2015 6:06 pm Brazilian government scrambles to find new leader for Petrobras Samantha Pearson and Joe Leahy in São Paulo ©Bloomberg Wanted: new chief executive for the world’s most indebted oil company, currently under investigation for its role in the largest corruption scandal in Brazilian history. The resignation on Wednesday of Petrobras’ top... Continue Reading →

Petrobras All latest updates Trouble at the top Sacking the boss will not fix the problems at Brazil’s oil giant Feb 4th 2015 | SÃO PAULO | Business and finance PETROBRAS used to wow the oil world with its expertise at tapping the black stuff thousands of metres beneath the ocean floor. Now Brazil’s oil behemoth is better known... Continue Reading →