Petrobras To Ask For Investor Suits be Dismissed

Petroleo Brasileiro SA is heading into a Manhattan courtroom Thursday to ask a judge to throw out investor lawsuits triggered by the multibillion-dollar bribery scandal that’s rocking Brazil’s economy and its political elite. Less than a week after police detained the chief executives of Brazil’s two biggest builders […]

Petrobras – Clarification on News: Cuts in Budget

Petrobras – Clarification on News: Cuts in Budget 06/24/2015 Rio de Janeiro, June 24th, 2015 – Petróleo Brasileiro S.A. – Petrobras´ response to Official Letter BM&FBovespa 2.206/2015-SAE that requests clarification as follows: OFFICIAL LETTER 2.206/2015-SAE We request clarification by June 24th, 9:00 AM, regarding the news’ content broadcasted […]

Odebrecht Rating Lowered

Standard & Poor’s on Tuesday cut the rating of Odebrecht Engenharia e Construcao, Brazil’s largest engineering and construction company, after the arrest of its chief executive and four other directors last week. S&P cited “reputational risks” to cut Odebrecht’s rating by one notch to BBB-minus, its lowest investment […]