Petrobras raised US$2 billion from the sale of seven- and 10-year securities, replacing more expensive shorter-dated bonds as it seeks to trim a debt burden that is the largest among major oil firms. Petrobras sold US$1 billion each worth of senior unsecured bonds due in 2025 and 2028, respectively. Market experts said Petrobras sold the January 2025 bond at a yield of 5.3%, and the January 2028 bond at 6%.
Approval for Brazilian President Michel Temer's government has plummeted, according to a poll published on Tuesday, as the scandal-plagued leader faces new corruption charges and struggles to push his economic reform agenda through Congress.
The President of Brazil, the first Head of State traditionally to address the annual United Nations General Assembly’s general debate, pledged on Tuesday that his country will sign the Treaty on the Prohibition of Nuclear Weapons – reiterating that the nuclear powers undertake additional disarmament.
Brazil's new top federal prosecutor on Tuesday reshuffled the team of investigators in charge of pursuing the biggest corruption probe yet conducted in Latin America's largest nation.
Scandal-hit Brazilian construction company Odebrecht said on Sunday it has sold its 33% stake in a massive subway project in Argentina's capital Buenos Aires, but vowed to keep working in the country.
Brazil’s total beef exports in August rose by 34% year-on-year both by volume and in revenue terms, industry group Abiec said on Monday, indicating the worst of a food safety scandal that rocked Brazil’s protein industry may be over.
The new prosecutor general tasked with leading Brazil's anti-corruption drive was sworn in on Monday, and said she would continue her predecessor's campaign against graft in Latin America's biggest nation.
Brazilian President Michel Temer was charged with obstruction of justice and racketeering on Thursday, according to a statement posted on the prosecutor general's office website, threatening to delay the government's economic reform agenda in Congress.
Brazil's lower house of Congress has given initial approval to a bill to reduce the huge array of political parties that have made it hard to govern the country and contributed to corruption. The chamber voted 384-16 for the establishment of a minimum national vote threshold that parties must reach to get public funding and free radio and television time for their election campaigns. The requirement would be 1.5% of votes in 2018, rising to 3% in 2030.
Brazil's Police raided the home of a top government official Thursday seeking evidence in yet another corruption case involving a member of embattled President Michel Temer's Cabinet. The operation was authorized by Brazil's top court and is part of an investigation of Agriculture Minister Blairo Maggi, who is suspected of bribing state lawmakers during his 2003-2010 terms as governor of Mato Grosso.