Brazilian Real Declines More

Brazil’s real led global losses amid concern mounting political tension will make it harder for President Dilma Rousseff to trim budget deficits and maintain the nation’s credit rating. The currency fell the most in a week as Eduardo Cunha, the head of the lower house, broke with the […]

Petrobras – Settlement of Tax Contingency

Petrobras – Settlement of Tax Contingency 07/16/2015 Rio de Janeiro, July 16, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby announces that, due to the unfavorable final ruling in the administrative sphere by the Tax Appeals Board (CARF), it paid today the amount of  R$1.6 billion in relation […]

Brazil Real Slumps on Political Tension

Brazil’s real headed for a fourth straight weekly decline amid concern mounting political tension will make it harder for President Dilma Rousseff to trim budget deficits and maintain the nation’s credit rating. The currency fell Friday as Folha de S. Paulo reported that Eduardo Cunha, the head of […]

Petrobras Working on Fuel Price Parity

Brazil’s state-run oil company Petroleo Brasileiro SA is working to bring domestic diesel and gasoline prices into parity with international levels in order to attract downstream buyers or partners, a company executive said on Thursday. Petrobras, as the company is known, is looking to sell assets as it […]