Former Executive Goes Silent on Petrobras Corruption Scandal Jailed Renato Duque declines to answer questions at Brazilian congressional hearing Former Petrobras service director Renato Duque, pictured above, has refused to answer questions at a Brazilian congressional hearing.PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES By WILL CONNORS/WSJ March 19, 2015 12:06 p.m. ET RIO DE JANEIRO—A recently jailed former executive... Continue Reading →

Banks Struggle to Unload Oil Loans Citigroup, Goldman, UBS and others face losses as investors balk at riskiness of energy sector Citigroup faces energy-loan losses. PHOTO: GETTY IMAGES By MATT WIRZ and GILLIAN TAN Wall Street Journal March 18, 2015 9:29 p.m. ET Citigroup Inc.,Goldman Sachs Group Inc.,UBS AG and other large banks face tens of millions of dollars in losses on... Continue Reading →

Brazil Opposition Urges Probe of Rousseff Mass protests embolden a push to investigate president’s role in graft scandal Brazilian President Dilma Rousseff hasn’t been implicated in a widening corruption scandal, but the country;s opposiotion is calling for a probe. ILLUSTRATION: AFP/GETTY IMAGES By PAULO TREVISANI March 18, 2015 4:42 p.m. ET BRASÍLIA—Political opponents of Brazil’s President Dilma Rousseff are... Continue Reading →

Brazil’s Rousseff Pushes Anti-Graft Bills as Her Approval Sinks by Raymond Colitt Arnaldo Galvao 8:11 AM BRT March 18, 2015 Demonstrators Carry a Mask of President Dilma Roussef Demonstrators carry a mask with the face of Brazilian President Dilma Roussef during a protest near Copacabana Beach in Rio de Janeiro, on Sunday, March 15. Rousseff’s... Continue Reading →

Rousseff Approval Rating Sinks as Brazil Economy Faces Slump By Raymond Colitt Katerina Petroff 8:11 AM BRT March 18, 2015 Demonstrators carry a mask with the face of Brazilian President Dilma Roussef during a protest near Copacabana Beach in Rio de Janeiro, on Sunday, March 15. Rousseff’s administration faces growing opposition in the streets and... Continue Reading →