Petrobras Debt Said to Swell 70 Billion Reais in Currency Rout By Sabrina Valle 10:44 AM BRT March 25, 2015 (Bloomberg) -- The oil industry’s biggest debt load just got 70 billion reais ($22 billion) heavier thanks to Brazil’s plunging currency, two people with knowledge of the matter said. That’s the amount Petroleo Brasileiro SA’s... Continue Reading →
Petrobras scandal knocks broader Brazilian oil industry
http://www.ft.com/cms/s/0/9080ccd2-cdaa-11e4-8760-00144feab7de.html#ixzz3VOtZ6dDn March 25, 2015 11:41 am Petrobras scandal knocks broader Brazilian oil industry Samantha Pearson in São Paulo/Financial Times ©Getty Rogério Caffaro is in a surprisingly good mood for someone who works in Brazil’s crisis-ridden oil and gas industry. The chief executive of Triunfo Logística, which operates port terminals, has just had lunch with Chinese... Continue Reading →
Petrobras’s Bonds Advance as S&P Affirms Ratings, Cuts Outlook
Petrobras’s Bonds Advance as S&P Affirms Ratings, Cuts Outlook By Julia Leite 8:16 PM BRT March 23, 2015 (Bloomberg) -- Petroleo Brasileiro SA bonds rallied after Standard & Poor’s held off on downgrading the company’s credit rating, cutting only the outlook on the grade as the oil producer faces difficulties in financing investments. The state-controlled... Continue Reading →
S&P Cuts Petrobras’s Credit-Rating Outlook Amid Corruption Probe
S&P Cuts Petrobras’s Credit-Rating Outlook Amid Corruption Probe By Julia Leite 8:16 PM BRT March 23, 2015 (Bloomberg) -- Petroleo Brasileiro SA had the outlook on its credit rating cut by Standard & Poor’s as the oil producer faces difficulties in financing investments amid Brazil’s largest-ever corruption probe. S&P cut the outlook on Petrobras’s BBB-... Continue Reading →
Brazil’s Esteves Wealth Sinks Most Among Banker Billionaires
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
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
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
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 →
Petrobras: cashing out
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
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 →
