Tag: Petrobras

• Wednesday, March 4th 2015 - 05:38 UTC

  Petrobras corruption: top prosecutor hands the Supreme Court names of 54 politicians

  

  Brazil's top prosecutor Rodrigo Janot asked the Supreme Court on Tuesday to open an investigation into 54 politicians who allegedly benefited from a multibillion-dollar kickback scheme at state-run oil company Petrobras a Supreme Court spokesperson said on Tuesday.

• Thursday, February 26th 2015 - 04:48 UTC

  Rousseff lashes out at Moody's for downgrading Petrobras debt to junk-bonds

  

  Brazilian President Dilma Rousseff on Wednesday said credit rating agency Moody's Investors Service downgraded state-controlled oil giant Petrobras' debt to junk-bond territory due to ignorance of the company's situation.

• Wednesday, February 18th 2015 - 04:05 UTC

  Web-campaign to impeach Rousseff gains ground with 2million e-petitions

  

  Calls are growing in Brazil to impeach President Dilma Rousseff over a multi-billion dollar corruption scandal involving the state-run oil giant Petrobras. While the country celebrates its annual Carnival, with the 2015 Samba Competition wrapping up in Rio de Janeiro, there has been a growing clamor on the web and in the streets, with millions of Brazilians asking for the impeachment of their president.

• Tuesday, February 17th 2015 - 05:09 UTC

  Rolls-Royce allegedly caught in the Petrobras bribery scandal

  

  Rolls-Royce has said it does not “tolerate improper business” after the Financial Times reported that the firm had been accused of being caught up in a bribery scandal in Brazil. Ft reported allegations that the company paid bribes for a contract with Brazilian oil firm Petrobras.

• Thursday, February 12th 2015 - 05:55 UTC

  Petrobras CEO says he has 'full autonomy' in fuel-price policy and cash flow

  

  The new chief executive officer of Brazil's Petrobras said that he has full autonomy to dictate its own fuel-pricing policy and protect cash, even as he questioned the size of losses stemming from a giant corruption scandal.

• Thursday, February 12th 2015 - 05:45 UTC

  Petrobras has trouble finding an independent chairman of the board

  

  Petrobras plans to publish its delayed audited fourth-quarter results by the end of March, something it needs to do to avoid possible early repayment of its bonds, the Globo newspaper said on Wednesday. Globo also published that the Brazilian government was considering appointing Planning minister Nelson Barbosa as chairman of the oil giant.

• Thursday, February 12th 2015 - 05:23 UTC

  Explosion in Petrobras floating oil rig kills at least three; six missing

  

  At least three oil workers were killed and others were injured in an explosion at an offshore oil and natural gas platform in Brazil operated by state-run energy company Petroleo Brasileiro SA , union officials have said.

• Friday, February 6th 2015 - 23:27 UTC

  Market reacts negatively to Petrobras new CEO: too political and too close to Rousseff

  

  Shares in Brazil's oil giant Petrobras plunged Friday as banking executive Aldemir Bendine, who is seen as too close to President Dilma Rousseff's party, was named the scandal-hit firm's new chief executive.

• Friday, February 6th 2015 - 06:57 UTC

  Brazil ruling party's treasurer questioned on the Petrobras corruption probe

  

  Brazilian federal police said on Thursday they had started questioning João Vaccari Neto, the treasurer of the country's ruling Workers' Party, as a corruption probe focused on state-run oil company Petrobras widened to include political figures.

• Thursday, February 5th 2015 - 09:30 UTC

  Petrobras new management to be elected on Friday

  

  The chief executive and other senior management at Brazil's Petrobras officially resigned on Wednesday amid a festering corruption scandal, sending shares higher as the government scrambled to find replacements capable of restoring investor confidence in the state-run oil company.