1. Show article details.

    Petrobras may sell Braskem stake, build tax provisions, Valor says

    Reuters – 9:06 AM ET 07/06/2015

    State-controlled oil producer Petróleo Brasileiro SA could sell a stake in Brazil's Braskem SA and build provisions against tax debts nearing 40 billion reais to reduce costs and make finances sustainable, Valor Econômico newspaper said on Monday.

  2. Show article details.

    PRESS DIGEST- Financial Times - July 6

    Reuters – 7:57 PM ET 07/05/2015

    The following are the top stories in the Financial Times. Headlines. Greece's eurozone future in doubt after decisive 'No' victory. Brazil to ease Petrobras pressure with offshore oil bill. Sabic pushes into Asia with South Korea deal. Turkey's banking sector heads for consolidation. Overview.

  3. Show article details.

    Brazil government expects Petrobras to lose key oil rights -source

    Reuters – 6:48 PM ET 07/02/2015

    Brazil's government expects a bill ending state-run Petrobras' dominant role in key offshore oil areas to pass Congress, reversing one of President Dilma Rousseff's signature policies, a source told Reuters on Thursday.

  4. Show article details.

    Brazil to continue investigating Petrobras beyond top divisions

    Reuters – 9:46 AM ET 07/02/2015

    Brazilian federal prosecutor Carlos Fernando dos Santos Lima said on Thursday that investigations into the executive directors at state-run oil company Petrobras has concluded after the arrest of its former head of the international division. Lima said in a press conference that other areas of the company were still under investigation.

  5. Show article details.

    Brazil police arrest another former Petrobras exec in probe

    Reuters – 8:42 AM ET 07/02/2015

    Brazilian police arrested Jorge Zelada, former director of Petrobras' international division, as part of an ongoing investigation into bribery and corruption at the state-run oil producer, prosecutors said on Thursday. Zelada is suspected of money-laundering, appropriating public funds, corruption, tax evasion and contract fraud.

  6. Show article details.

    Brazil Police Arrest Another Former Petrobras Executive

    DJ Business News – 8:35 AM ET 07/02/2015

    SÃ O PAULO-Brazil's federal police have arrested another former executive of state-run energy company Petró leo Brasileiro SA, or Petrobras, as part of an investigation into a broader corruption scandal that has wounded the country's largest company. Police arrested Jorge Zelada, a former top executive of Petrobras, early Thursday at his home in Rio de Janeiro. Zelada was arrested on suspicion of corruption and money laundering, said a police spokesman.

  7. Show article details.

    Brazil Federal Police Arrest Another Former Petrobras Executive

    DJ Business News – 8:15 AM ET 07/02/2015

    SÃO PAULO--Brazil's federal police have arrested another former executive of state-run energy company Petróleo Brasileiro SA, or Petrobras, as part of an investigation into a broader corruption scandal that has wounded the country's largest company. Police arrested Jorge Zelada, a former top executive of Petrobras, early Thursday at his home in Rio de Janeiro. Zelada was arrested on suspicion of corruption and money laundering, said a police spokesman.

  8. Show article details.

    Sete Brasil gets debt relief as talks continue, sources say

    Reuters – 11:09 PM ET 07/01/2015

    A group of five Brazilian banks will refinance about 11.5 billion reais in loans for ailing Sete Brasil Participações SA for a further 45 days, in a bid to keep the oil rig maker afloat, two sources with direct knowledge of the matter said on Thursday.

  9. Show article details.

    Petrobras Considers Selling Part of Distribution Unit

    DJ Business News – 9:37 PM ET 07/01/2015

    RIO DE JANEIRO--Brazilian state-run energy firm Petróleo Brasileiro SA said Wednesday it may look to sell off part of its Petrobras Distribuidora SA distribution unit in an effort to cut towering debt. Petrobras said options include searching for a strategic partner for the subsidiary or selling its shares on the Brazilian stock exchange. In the latter case, the shares would be issued through a secondary offering by the parent company, which is publicly traded.

  10. Show article details.

    Former Petrobras Executive Seeking Plea Deal With Prosecutors

    DJ Business News – 7:15 PM ET 07/01/2015

    SÃ O PAULO-A former high-ranking Petrobras executive serving five years in prison for his role in a massive corruption scandal has begun talks with prosecutors in a bid to shorten his sentence, according to two people familiar with the talks. Nestor Cerveró, a former director of international operations at Brazil´ s state-run oil firm Petró leo Brasileiro SA, was convicted in May of money laundering. Authorities sentenced him to five years in prison and fined him 543,000...

  11. Show article details.

    Former Petrobras Executive Seeking Plea Deal With Prosecutors -- Sources

    DJ Business News – 6:12 PM ET 07/01/2015

    SÃO PAULO--A former high-ranking Petrobras executive serving five years in prison for his role in a massive corruption scandal has begun talks with prosecutors in a bid to shorten his sentence, according to two people familiar with the talks. Nestor Cerveró, a former director of international operations at Brazil's state-run oil firm Petróleo Brasileiro SA, was convicted in May of money laundering. Authorities sentenced him to five years in prison and fined him 543,000...

  12. Show article details.

    Brazil's Braskem sued in New York court over Petrobras scandal

    Reuters – 5:57 PM ET 07/01/2015

    A Braskem SA shareholder sued the Brazilian petrochemical producer on Wednesday, accusing it of involvement in a graft scandal that has engulfed key stakeholders Odebrecht and Petrobras and led to a selloff in Braskem's U.S.-traded stock.

  13. Show article details.

    Petrobras history of failed plans raises doubt over new promises

    Reuters – 1:09 AM ET 07/01/2015

    Brazilian state-run oil company Petroleo Brasileiro SA's long history of failed spending and output plans may be the biggest obstacle to its efforts to convince investors it will reduce its massive debt.

  14. Show article details.

    Brazil's Rousseff: Will hold people accountable in Petrobras scandal

    Reuters – 1:19 PM ET 06/30/2015

    Brazilian President Dilma Rousseff said on Tuesday she will hold people who engaged in corruption accountable in a scandal involving the state-run oil firm Petrobras. Rousseff said at a White House news conference that some Petrobras employees engaged in corruption and that federal prosecutors are investigating the matter.

  15. Show article details.

    Obama, Rousseff agree to improve trade, travel

    Reuters – 12:06 PM ET 06/30/2015

    President Barack Obama and Brazilian President Dilma Rousseff met at the White House on Tuesday, a visit aimed at bolstering economic ties and turning the page on a spying scandal. The presidents agreed to a series of steps to make it easier for people and goods to move between the two countries, including reopening fresh beef trade, the White House said in a statement.

  16. Show article details.

    Obama, Rousseff turn page on spy spat, work on trade, travel

    Reuters – 12:01 PM ET 06/30/2015

    President Barack Obama and Brazilian President Dilma Rousseff used a White House visit on Tuesday to turn the page on a spying scandal that had damaged bilateral relations and said they want to work to bolster economic ties. The presidents agreed to a series of steps to make it easier for people and goods to move between the two countries, including reopening fresh beef trade.

  17. Show article details.

    Analysis: New oil bull market in sight as Brazil, Iraq cut output targets

    Reuters – 11:10 AM ET 06/30/2015

    Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the U.S. shale industry.

  18. Show article details.

    rpt-Obama, Rousseff to make up missed White House visit on Tuesday

    Reuters – 1:00 AM ET 06/30/2015

    President Barack Obama and Brazilian President Dilma Rousseff are set to meet at the White House on Tuesday during a visit aimed at both bolstering economic ties and turning the page on a spying scandal. The two leaders will follow a morning meeting in the Oval Office with a joint news conference at 12:05 p.m. EDT, the White House said.

  19. Show article details.

    Petrobras Rules Out Issuing New Shares

    DJ Business News – 7:30 PM ET 06/29/2015

    RIO DE JANEIRO--Brazilian state-run oil giant Petróleo Brasileiro SA doesn't foresee a need to issue new shares after slashing its investment plans and placing tens of billions of dollars of assets on the block, Chief Executive Aldemir Bendine said Monday. Petrobras announced Monday a 37% reduction in its five-year capital spending budget, to $130.3 billion in 2015-19 from $206.8 billion planned for 2014-18. The company also said it plans to sell $15.1 billion in assets...

  20. Show article details.

    Brazil's investment message brings hope mixed with skepticism

    Reuters – 6:01 PM ET 06/29/2015

    Nearly two years ago Brazil sought U.S. investors' help to fund its seaports, railroads, highways and airports. In the end, though, the effort to lure 210 billion reais in private investment managed to attract just 20 percent of the targeted funds.

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Today's and Upcoming Events

  • Aug
    7

    PBR to announce Q2 earnings Unspecified (Unconfirmed)

Past Events (last 90 days)

  • Jul
    1

    Shareholders Meeting

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