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Brazil’s Esteves Wealth Sinks Most Among Banker Billionaires By Blake Schmidt 2:37 PM BRT March 19, 2015 Andre Esteves, billionaire and founder of Grupo BTG Pactual, speaks during a session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 21, 2015. World leaders, influential executives, bankers and policy... Continue Reading →
Switzerland Freezes $400 Million Amid Petrobras Laundering Probe by Giles Broom 1:55 PM BRT March 18, 2015 Petroleo Brasileiro SA (Petrobras) is mired in a corruption scandal in which company executives allegedly directed hundreds of millions of dollars from overpriced contracts to politicians. Photographer: Dado Galdieri/Bloomberg (Bloomberg) -- Switzerland has frozen $400 million of assets... Continue Reading →
Petrobras Said to Pick Citi and Bradesco for Asset Sales By Cristiane Lucchesi Sabrina Valle 1:40 PM BRT March 19, 2015 Petrobras Chief Financial Officer Ivan Monteiro. Photographer: Paulo Fridman/Bloomberg (Bloomberg) -- Petroleo Brasileiro SA is working with Citigroup Inc., Banco Bradesco SA and Banco Santander Brasil SA to sell stakes in three units... Continue Reading →
Brazil Builders Said to Seek Government Accord in Petrobras Case By Christiana Sciaudone Anna Edgerton Jessica Brice 12:00 AM BRT March 19, 2015 (Bloomberg) -- Cash-strapped Brazilian builders, accused of paying kickbacks to win public contracts, are in talks to reach leniency deals to regain access to credit markets, people with knowledge of the matter... Continue Reading →
Mar 18 2015 at 10:50 AM Petrobras: cashing out Protests across Brazil were held this week against President Dilma Rousseff's government with many protesters calling for her impeachment. A massive corruption scandal at Brazil's state-owned oil company Petrobras has rocked the government and Dilma's approval ratings are now around 23 per cent. Getty Images by Lex Petrobras,... Continue Reading →
Petrobras Scandal Widening as Braskem Named in Morass By Filipe Pacheco Gerson Freitas Jr 8:00 PM BRT March 15, 2015 (Bloomberg) – The staggering reach of Petroleo Brasileiro SA’s corruption scandal is getting even bigger. Braskem SA, Latin America’s biggest petrochemicals maker by sales, became the latest company implicated in testimony alleging it paid bribes... Continue Reading →
Petrobras Bonds Drop on Report Company Seeking Extended Deadline By Filipe Pacheco Paula Sambo 12:23 PM BRT March 13, 2015 (Bloomberg) -- Bonds and stocks of Petroleo Brasileiro SA fell after a newspaper reported that the company is in talks with creditors to extend a deadline for publishing audited results and avoid a possible... Continue Reading →
Petrobras Bankers Have $30 Billion on the Line By Paula Sambo 8:07 PM BRT March 10, 2015 The headquarters of Petroleo Brasileiro in Rio de Janeiro .Photographer: Dado Galdieri/Bloomberg (Bloomberg) -- Aldemir Bendine never worked in the oil industry, but he already knew plenty about Petroleo Brasileiro SA before becoming its chief executive officer last... Continue Reading →
Announcement: Moody's: Petrobras probe weakens Brazil's sectors Global Credit Research - 09 Mar 2015 New York, March 09, 2015 -- The corruption investigation into Petroleo Brasileiro S.A. (Petrobras) will negatively affect parts of the public and private sectors, but government support for the company is likely to help contain the credit-negative impact, says a report... Continue Reading →
Petrobras New Board Member Confident on Audited Results By Sabrina Valle 12:41 PM BRT March 5, 2015 (Bloomberg) -- Petroleo Brasileiro SA is on track to quantify a graft-related writedown needed to release audited financial results and restore investor confidence, according to the most recent appointee to the offshore producer’s board. Luiz Navarro, a lawyer... Continue Reading →
Brazil Energy Insight 