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PetroChina Co Ltd

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  • RIO DE JANEIRO, July 7- Concerns that Brazil may lose its coveted investment grade credit rating are again on the rise among government officials and investors who worry that President Dilma Rousseff's austerity push won't fully offset plunging government revenues. As Brazil prepares for a crucial ratings review by Moody's Investors Service in the third...

  • SHANGHAI, July 7- China's main stock indexes slumped over 5 percent at one point on Tuesday but ended the session down less than 2 percent, aided by intensified buying of index heavyweights listed in Shanghai, though small caps in Shenzhen continued to slide. So did the shares of oil giant PetroChina, major insurer Ping An and China Railway Construction.

  • SHANGHAI, July 7- Chinese stocks plummeted yet again on Tuesday morning, defying rapid-fire emergency support measures from Beijing and raising concerns about policy makers' ability to stabilise one of the most highly volatile markets in the world. The CSI300 index tracking China's biggest companies opened down 3 percent and ended the morning 4.4 percent...

  • RIO DE JANEIRO, July 6- Brazil's state-run Petrobras must pay the government about 350 million reais more in royalties each quarter for oil produced in seven offshore fields under an arbitration ruling, the company said on Monday. The fields, 100 percent owned by Petroleo Brasileiro SA, as Petrobras is formally known, include three of Brazil's 20...

  • SAO PAULO, July 6- Offshore oil driller Ensco Plc said in a statement on Monday it has found no evidence of wrongdoing by its employees or other representatives in a regular compliance review of operations in Brazil. The statement was in response to comments from Brazilian prosecutor Carlos Fernando dos Santos Lima on Thursday alleging that Jorge Zelada,...

  • SAO PAULO, July 3- The judge presiding over Brazil's largest-ever corruption investigation defended his impartiality on Friday, in a case centered on state-run oil firm Petrobras that has swept up some of the country's most powerful executives. Executives from the nation's largest engineering firms are accused of price-fixing contracts and overcharging...

  • *Rising output largely due to CNOOC and smaller producers. BEIJING, July 3- China's crude oil output looks set to rise this year from a record in 2014 as new production from third largest producer CNOOC helps to counter reductions from its two bigger rivals. While there is no official Chinese production outlook, information from the biggest state oil companies...

  • *CSI300 -2.4 pct; SSEC -3.3 pct; HSI -0.2 pct. SHANGHAI, July 3- China stocks slumped again on Friday, taking their three-week tumble to nearly 30 percent and wiping out most of this year's gains, prompting regulators to launch investigations into suspected market manipulation. said Fu Xuejun, strategist at Huarong Securities Co..

  • BRASILIA, July 1- Brazilian senators on Wednesday debated alternatives to a 2010 law that requires state-run oil firm Petrobras to take a minimum 30 percent stake in new development contracts and function as operator in Brazil's subsalt oil areas. The current rules have been criticized for limiting foreign investment in the Subsalt Poligon, a region off...

  • RIO DE JANEIRO, July 1- 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. Petrobras, though, has not met an annual production target since 2003 when the Workers' Party government of Brazilian President Dilma...

  • BRASILIA, June 30- Brazil's senate on Tuesday voted to raise salaries for court workers by as much as 78 percent over the next two years, pressuring government coffers at a time President Dilma Rousseff is trying to cut spending and attract investment. The extra expenditure would further threaten Finance Minister Joaquim Levy's efforts to shore up government...

  • RIO DE JANEIRO, June 29- Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Petroleo Brasileiro SA, as the company is formally known, will invest $130.3...

  • NEW YORK, June 29- Brazil's President Dilma Rousseff on Monday drew on her own experience as a political prisoner during the country's dictatorship to denounce informants in a corruption scandal that has pummeled her popularity. Speaking to journalists in New York, Rousseff contrasted her experience in jail in the early 1970 s opposing Brazil's...

  • RIO DE JANEIRO, June 29- Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Petroleo Brasileiro SA, as the company is formally known, will invest $130.3...

  • *Hong Kong corporate governance ranking fell in 2014. HONG KONG, June 29- Missing executives, bribery probes, workers suspected of pilfering company documents- not the plot for a thriller, just regular reading for a Hong Kong stock trader. Puzzling company statements that would raise eyebrows in most financial centres have become increasingly common in Hong...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. Police also apprehended Otavio Marques Azevedo, CEO of Andrade Gutierrez,...

  • CURITIBA, Brazil, June 23- Brazil's biggest corruption investigation could spread to its largest electric utility, Eletrobras, and more than a dozen foreign companies, a lead prosecutor said on Tuesday, in a sign of further turbulence for the country's business and political establishment. Carlos Fernando dos Santos Lima said a scheme similar to one set up as...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • RIO DE JANEIRO, June 19- Oil spilled from a pipeline linking a main Atlantic Ocean terminal with a refinery near Rio de Janeiro on Friday, Brazil's state-run oil company Petroleo Brasileiro SA said. The narrow coastal region where the spill occurred is in Rio de Janeiro's Costa Verde or " Green Coast"- one of Brazil's most beloved tourist regions and home to one of the...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...