Mar 7, 2016 Petroleo Brasileiro SA will report its 2015 financial results on March 21 after market close.
Petrobras – Clarification on News: Losses from the Refinery in Japan
03/04/2016 Rio de Janeiro, March 4, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 71/2016-CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 71/2016-CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published today in the Empresas (Companies) section of the newspaper Valor Econômico, entitled: Petrobras perde US$1.95 bi no Japão (Petrobras... Continue Reading →
Brazil says onshore assets for sale produce under 2 percent of output
Mar 4, 2016 Reuters A worker paints a tank of Brazil's state-run Petrobras oil company in Brasilia, Brazil September 30, 2015. REUTERS/UESLEI MARCELINO Brazil's state-run oil company Petroleo Brasileiro SA said on Friday it plans to sell its rights to 104 onshore oil and gas concessions, part of efforts to raise cash and focus increasingly... Continue Reading →
Brazil’s Petrobras Probe Takes Another Twist
By Editorial Board The detention of Brazil’s former president Luiz Inacio Lula da Silva marks a new stage in the corruption probe that has all but paralyzed the government for the past two years. Meanwhile, as that drags on, the economy keeps spiraling downward. One way or another, Brazil urgently needs to resolve the scandals... Continue Reading →
Arrest of Lula, hero to millions, in corruption probe stuns Brazil
Rising from a shoeshine boy to become Brazil's first working class president, Luiz Inácio Lula da Silva is a hero to millions of Brazilians and the very face of change in Latin America's biggest country. His detention for questioning on Friday in a massive corruption probe may also make him a symbol for many Brazilians... Continue Reading →
TIMELINE-Main events in Brazil corruption probe
Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning on Friday in a two-year-long probe of a vast corruption scheme involving state oil company Petroleo Brasileiro SA, or Petrobras , a political crisis that threatens his successor, President Dilma Rousseff. The following are some of the main events in the investigation:... Continue Reading →
Brazil faces rocky road ahead even if Rousseff ousted, investors say
The arrest of former Brazilian president Luiz Inacio Lula da Silva fueled a massive market rally but once the euphoria fades, investors will still face concerns about political chaos and an economy mired in a deep recession. Lula's detention for questioning in a bribery and money laundering probe and the move's dire implications for his... Continue Reading →
Lula’s Detention Rattles Brazil as Heat on Rousseff Increases
As soon as police raided the home of former Brazil President Luiz Inacio Lula da Silva and questioned him early Friday, red-shirted activists of his Workers’ Party took to the streets. Fist fights broke out with police as well as with those applauding the detention -- a preview of the unrest that likely awaits Brazil... Continue Reading →
Emerging Currency Rally Wipes Out 2016 Loss as Brazil Real Jumps
Emerging-market currencies rallied to a three-month high as Brazil’s real surged on bets support is growing for the impeachment of President Dilma Rousseff and on speculation better-than-expected U.S. jobs data will underpin demand from the world’s biggest economy. The real headed for its best week since 2008 and Petroleo Brasileiro SA jumped 12 percent after the arrest... Continue Reading →
Brazil’s Lula Targeted in Police Raid Into Corruption Scandal
IS THIS THE SMOKING GUN AND THE SILVER BULLET??? Brazilian police detained former President Luiz Inacio Lula da Silva, the highest-profile figure targeted so far in a corruption probe that has rocked Latin America’s largest country and is drawing closer to its center of power. Brazil’s Highs and Lows Police said he was taken to... Continue Reading →
