1. Show article details.

    BNDES cuts Brazil 2015-2018 oil-sector investment outlook 30 pct

    Reuters – 4:00 PM ET 03/27/2015

    Brazil's state development bank BNDES said on Friday it cut its outlook for 2015-2018 oil and natural-gas sector investment by nearly 30 percent to 360 billion reais from 509 billion in its previous estimate. The decline is expected to be led by lower spending by state-run Petroleo Brasileiro SA which is grappling with a huge corruption scandal.

  2. Show article details.

    Brazil police arrest Grupo Galvão CEO in Petrobras probe

    Reuters – 1:07 PM ET 03/27/2015

    Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest executive seized in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA.

  3. Show article details.

    Petrobras Nominates Vale CEO as Chairman

    DJ Business News – 9:55 AM ET 03/27/2015

    RIO DE JANEIRO--Brazilian state-run oil firm Petroleo Brasileiro SA said Friday that it has nominated the chief executive of mining giant Vale SA (VALE), Murilo Ferreira, as its next board chairman, as the company scrambles to deal with the fallout from a vast corruption scandal. Ferreira's nomination will be voted on at Petrobras' next shareholders meeting April 29.. On Thursday, Petrobras said it had appointed Luciano Coutinho, head of the country's development bank, as its new...

  4. Show article details.

    Petrobras Nominates Vale CEO as Its Next Chairman

    DJ Business News – 9:45 AM ET 03/27/2015

    RIO DE JANEIRO--Brazil's state-run oil firm Petroleo Brasileiro SA said Friday that it has nominated the chief executive of mining giant Vale SA (VALE), Murilo Ferreira, as its next board chairman, as the company scrambles to deal with the fallout from a vast corruption scandal. Ferreira's nomination will be voted on at Petrobras' next shareholders meeting on April 29.. On Thursday Petrobras said it had appointed Luciano Coutinho, head of the country's development bank, as its new...

  5. Show article details.

    PRESS DIGEST - Wall Street Journal - March 27

    Reuters – 1:41 AM ET 03/27/2015

    The following are the top stories in the Wall Street Journal. * Google's incoming CFO, Ruth Porat, will receive a $5 million signing bonus plus $65 million worth of restricted stock, making her one of the highest paid CFOs.

  6. Show article details.

    Petrobras Names New Chairman

    DJ Business News – 6:58 PM ET 03/26/2015

    RIO DE JANEIRO--Brazil's state-run oil firm Petroleo Brasileiro SA said Thursday that it appointed Luciano Coutinho, head of the country's development bank, as its new chairman. Coutinho replaces Guido Mantega, Brazil's former finance minister. Coutinho is widely considered a government insider, and his appointment may disappoint analysts and investors who had been hoping for an outsider to helm the board at a time when Petrobras is struggling to deal with the fallout from a...

  7. Show article details.

    Former Petrobras CEO Foster says 'ashamed' by corruption scandal

    Reuters – 6:29 PM ET 03/26/2015

    The former chief executive officer of Petroleo Brasileiro SA, Maria das Graças Foster, on Monday said she was ashamed of a corruption scandal at the state-run oil company but denied any knowledge of alleged widespread bribery.

  8. Show article details.

    Petrobras names BNDES head Coutinho as new chairman

    Reuters – 6:08 PM ET 03/26/2015

    Brazil's state-run oil company Petroleo Brasileiro SA on Thursday named Luciano Coutinho, the head of Brazil's state development bank BNDES, as its new chairman. Coutinho will replace Guido Mantega, a former Brazilian finance minister, who resigned, the company said in a statement.

  9. Show article details.

    Petrobras names development bank head Coutinho as new chairman

    Reuters – 5:25 PM ET 03/26/2015

    Brazil's state-run oil company Petroleo Brasileiro SA said on Thursday Luciano Coutinho, the head of Brazil's state development bank BNDES, will be its new chairman. Coutinho will replace former finance minister Guido Mantega as chairman, the company said in a statement.

  10. Show article details.

    Brazil uncovers multibillion-dollar tax fraud at Finance Ministry

    Reuters – 2:04 PM ET 03/26/2015

    Brazilian authorities on Thursday said they uncovered a tax fraud scheme at the Finance Ministry's tax appeals board that may have cost taxpayers up to 19 billion reais. The news came in the midst of a multibillion-dollar corruption scandal at state oil company Petroleo Brasileiro SA, known as Petrobras, that has rattled Brazil's political establishment and weighed on the fragile economy.

  11. Show article details.

    Former Petrobras CEO 'Ashamed' Of Allegations Against Company

    DJ Business News – 1:16 PM ET 03/26/2015

    SÃO PAULO--The former chief executive of Brazil's beleaguered state-run oil firm Petroleo Brasileiro SA said Thursday she is "ashamed" of allegations of bribery at a Petrobras project--but denied the company knew anything about what Federal Police allege was a widespread corruption scheme. Maria das Graças Foster told a congressional hearing that any such scheme had to be formed outside of Petrobras, as neither the company nor its external auditors discovered it.

  12. Show article details.

    Brazil Economy to Shrink, Joblessness Rises -- 2nd Update

    DJ Business News – 12:49 PM ET 03/26/2015

    By Jeffrey T. Lewis And Rogerio Jelmayer. SÃO PAULO--Embattled Brazilian President Dilma Rousseff received more bad news about the economy on Thursday, with one government report showing rising unemployment and another forecasting slower growth and faster inflation. Brazil's jobless rate rose to 5.9% in February, the highest in almost two years, according to the country's statistics agency.

  13. Show article details.

    Brazil police allege billion-dollar corruption at tax office

    Reuters – 9:59 AM ET 03/26/2015

    Brazil's tax agency said on Thursday that it and federal police have detected corrupt activities at the agency that could have cost state coffers at least 5 billion reais.

  14. Show article details.

    Brazil to import electricity from Argentina, Uruguay

    Reuters – 7:41 AM ET 03/26/2015

    Brazil will import electricity from Argentina and Uruguay this year, the government said in its official gazette on Thursday, the latest step to fend off energy rationing as reservoirs of local hydroelectrical plants remain at very low levels.

  15. Show article details.

    Brazil Construction Company Galvao Engenharia Seeks Bankruptcy Protection

    DJ Business News – 7:36 AM ET 03/26/2015

    SÃO PAULO--Brazilian construction firm Galvao Engenharia filed a request for bankruptcy protection, the second such filing by a company alleged by authorities to have been involved in corruption at state-run energy giant Petroleo Brasileiro SA. Local prosecutors and federal police have alleged that Galvao Engenharia is one of dozens companies that were part of a cartel to drive up the value of contracts with Petrobras. The company has denied any wrongdoing and said that...

  16. Show article details.

    Brazil builder linked to Petrobras scandal files for bankruptcy

    Reuters – 10:41 PM ET 03/25/2015

    Brazilian engineering firm Galvao Engenharia said on Wednesday it filed for bankruptcy protection, as state-run oil company Petroleo Brasileiro SA cut off payments due to a broad corruption scandal in which it had been implicated.

  17. Show article details.

    Brazil builder linked to Petrobras scandal files for bankruptcy

    Reuters – 7:58 PM ET 03/25/2015

    Brazilian engineering firm Galvao Engenharia said on Wednesday it filed for bankruptcy protection, as state-run oil company Petroleo Brasileiro SA cut off payments due to a broad corruption scandal in which it had been implicated.

  18. Show article details.

    Brazil engineering firm linked to Petrobras scandal files for bankruptcy

    Reuters – 7:11 PM ET 03/25/2015

    Brazilian engineering firm Galvão Engenharia said on Wednesday it filed for bankruptcy protection, as state-run oil company Petroleo Brasileiro SA cut off payments due to a broad corruption scandal in which it had been implicated.

  19. Show article details.

    Petrobras Bonds, After Slump, Find Takers

    DJ Business News – 7:06 PM ET 03/25/2015

    Investors are buying debt issued by Brazil's Petroleo Brasileiro SA, reversing a long decline in the price of its bonds amid expectations the state-run oil company soon will resolve uncertainty over its financial statements. On Wednesday, a newspaper in Brazil reported that securities regulators approved a methodology for the company, known as Petrobras, to measure losses tied to corruption investigations that have rocked the firm. A board meeting is scheduled for Thursday,...

  20. Show article details.

    Brazil's Petrobras says to revise corporate governance

    Reuters – 8:23 AM ET 03/25/2015

    The executive board of Brazil's state-run oil company Petroleo Brasileiro SA approved the start of a project to revise its corporate governance and management rules, the company said in a securities filing on Wednesday.

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Today's and Upcoming Events

  • Mar
    31

    PBR to announce Q4 earnings Unspecified (Unconfirmed)

Past Events (last 90 days)

  • Jan
    30

    Shareholders Meeting

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