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Petroleo Brasileiro Petrobras SA

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  • SAO PAULO/ BRASILIA, Nov 21- President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling. Prosecutors say corrupt officials siphoned billions of dollars from Petroleo...

  • CURITIBA, Brazil, Nov 20- In a country where big court cases often drag on for a decade or more and abruptly fall apart on technicalities, the man leading a bribery probe at Brazil's state-run oil firm Petrobras is described by allies and even rivals as perfectly suited to the task. Moro, 42, is now pushing forward a case that has already seen dozens of arrests of major...

  • BRASILIA/ SAO PAULO, Nov 20- The chief executive of Brazilian bank Bradesco SA will not be the country's next finance minister, a government official told Reuters on Thursday, after two local newspapers reported he turned down the job in a major setback for recently re-elected President Dilma Rousseff. Since winning a runoff vote on Oct. 26, Rousseff has yet to name...

  • SAO PAULO, Nov 18- A graft investigation at Brazilian state-run oil company Petroleo Brasileiro SA is hurting the credit outlook for major suppliers accused of participating in the alleged bribery scheme, Moody's Investors Service said on Tuesday. Moody's downgraded its rating of Mendes Junior Trading e Engenharia SA to B3 from B2 and put a negative outlook...

  • SAO PAULO, Nov 18- Brazil's President Dilma Rousseff is politically responsible for a growing money-laundering and bribery scandal at state-run oil company Petroleo Brasileiro SA, although she was probably not personally involved enough to justify impeachment, the main opposition party's leader in the Senate said. Aloysio Nunes of the centrist Brazilian...

  • RIO DE JANEIRO, Nov 17- Brazil's state-run oil company Petroleo Brasileiro SA vowed on Monday to fully investigate a graft scandal that has knocked its shares lower and saddled President Dilma Rousseff's government with its biggest political crisis. That raises the prospect of a long period of uncertainty for a company that was once the crown jewel of...

  • RIO DE JANEIRO, Nov 17- Brazil's state-run oil company Petroleo Brasileiro SA vowed on Monday to fully investigate a money-laundering scandal that has rattled the company's shares and caused the biggest crisis to date for President Dilma Rousseff's government. In her first public comments since a former Petrobras executive was arrested in connection with...

  • RIO DE JANEIRO, Nov 17- Brazil's embattled state-run oil company Petroleo Brasileiro SA will address on Monday its failure to release its audited third-quarter financial results due to a widening corruption scandal that has caused its shares to fall. The company will speak with investors and analysts and then meet with reporters starting at 11 a.m..

  • RIO DE JANEIRO, Nov 14- Brazilian police arrested a former Petrobras executive on Friday and the state-run oil giant's shares sank 5 percent after it was forced by a widening corruption scandal to delay the release of its financial results. Former engineering director Renato Duque was the second senior Petrobras executive arrested in the investigation into...

  • RIO DE JANEIRO, Nov 14- Shares of Brazil's Petrobras plummeted 5 percent on Friday after the state-run oil firm delayed releasing its results amid a police investigation into corruption that has already ensnared a former senior executive. Petrobras shares opened over an hour and a half after the rest of the Bovespa index, with the chief executive of the bourse,...

  • RIO DE JANEIRO, Nov 14- Brazil's federal police were serving 27 additional arrest warrants on Friday in a broad money-laundering investigation that has ensnared a former senior executive at oil firm Petrobras, causing it to delay releasing its results. The move comes a day after Petroleo Brasileiro SA, as the state-run oil company is formally known, delayed the...

  • SAO PAULO, Nov 13- Brazil's state-run oil company Petroleo Brasileiro SA delayed the release of its third-quarter earnings report on Thursday to allow more time to investigate corruption allegations. The company, known as Petrobras, plans to report its earnings on Dec. 12 and not on Friday, the last day it could have done so without incurring hefty fines.

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  • RIO DE JANEIRO, Nov 4- Brazil's state-run oil company Petroleo Brasileiro SA has yet to make a decision to adjust the domestic price of key vehicle fuels, the company said in a statement on Tuesday. With its 13 domestic refineries unable to meet all Brazil's rising needs, it must buy fuel abroad, selling every barrel of imported gasoline and diesel at home at a loss.

  • RIO DE JANEIRO, Nov 1- Brazil's Petrobras failed to get its third-quarter earnings approved by PriceWaterhouseCoopers as the auditing firm demanded wider investigation into a corruption scandal plaguing the state-run oil company, newspaper O Estado de S.Paulo said on Saturday. Estado reported that Petrobras' board, which is presided by Finance Minister...

  • Brazil shocks with rate hike after election Wednesday, 29 Oct 2014 | 8:40 PM ET
    Brazil's president and Workers' Party (PT) presidential candidate Dilma Rousseff reacts during news conference after the disclosure of the election results in Brasilia Oct. 26, 2014.

    Brazil's central bank raised interest rates, a move that signals President Rousseff could make more market-friendly policy changes after her win.

  • SAO PAULO, Oct 27- President Dilma Rousseff promised on Monday to make changes to her economic policies as she sought to build bridges with business leaders after narrowly winning re-election at the end of an acrimonious campaign. Rousseff said in television interviews the changes would be announced next month after broad discussions with industrial and...

  • SAO PAULO/ RIO DE JANEIRO, Oct 27- Brazilian financial markets fell on Monday as leftist President Dilma Rousseff's re-election victory dashed investor hopes of significant policy changes over the next four years. Brazil's real closed at a 9-1/ 2- year low. After the most divisive and tightest campaign since Brazil returned to democracy three decades ago,...

  • Market sentiment going forward will likely depend on whether or not the leftist president signals policy tweaks to boost Brazil's flagging economy, as hinted in a conciliatory first speech she gave after defeating pro-business challenger Aecio Neves on Sunday. "Brazil disappointed investors by returning incumbent Dilma Rousseff to the presidential...