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Petroleo Brasileiro Petrobras SA

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  • SAO PAULO, March 24- The Obama administration has again invited Brazil's President Dilma Rousseff for a state visit to Washington, a diplomatic breakthrough that both sides hope will lead over time to greater trade between the two biggest economies in the Americas. The dust-up led one former top aide to President Barack Obama to describe Brazil and the United...

  • BRASILIA, March 24- A plan to attract private investment to Brazil's strained port infrastructure is even more important in the face of federal budget cuts that will curb public investment, Ports Minister Edinho Araújo said in an interview. Brazilian President Dilma Rousseff said on Friday that her government would make "significant" cuts to the 2015 budget...

  • SAO PAULO, March 23- Brazil's biggest opposition party has no interest in impeaching President Dilma Rousseff despite recent street demonstrations calling for her ouster, former President Fernando Henrique Cardoso told Reuters. Cardoso, who at 83 remains an influential leader in the centrist Brazilian Social Democracy Party, said removing Rousseff so...

  • RIO DE JANEIRO, March 20- Brazil's state-run Petrobras said on Friday it shut its P-58 offshore oil production ship after the country's petroleum regulator ANP found irregularities on board the vessel, one of the company's most important offshore production systems. The shutdown comes a little more than a month after a deadly explosion on a Petrobras...

  • BRASILIA, March 20- Prosecutors who uncovered Brazil's biggest corruption case called on Friday for tougher prison sentences and more legal powers to crack down on rampant graft that costs taxpayers more than the annual budget for education and health. They also proposed reducing Brazil's long appeals process that often lets criminals go scot-free.

  • BRASILIA, March 18- Brazil's Comptroller-General Office on Wednesday added another six construction and engineering firms to an investigation of contractors that allegedly participated in a corruption ring at state-run oil company Petrobras. A total of 24 of Brazil's top builders are being investigated for suspected overpricing of contracts in a...

  • BRASILIA/ ZURICH, March 18- Swiss prosecutors have uncovered over 300 accounts at more than 30 Swiss banks that they suspect are linked to the massive corruption and money-laundering scandal at Brazil's state-run oil company Petroleo Brasileiro SA. Switzerland has frozen roughly $400 million in Swiss accounts in the investigation and has begun to return an...

  • BRASILIA, March 18- At the start of the year, few would have guessed that a "Chicago Boy" economist would win over Brazil's leftist president, Dilma Rousseff. After two months on the job, the 54- year-old Levy has grown closer to Rousseff and earned a place in her inner circle as she tries to pull Brazil's economy out of a prolonged slump, government sources told Reuters.

  • BRASILIA, March 18- Brazil's Comptroller-General Office on Wednesday added another six construction and engineering firms to an investigation of contractors that allegedly participated in a corruption ring at state-run oil company Petrobras. A total of 24 of Brazil's top builders are now being investigated for suspected overpricing of contracts in a...

  • SAO PAULO, March 16- Huge demonstrations against President Dilma Rousseff over the weekend will make it harder for her to fix Brazil's finances and repair the economic damage from a corruption scandal at state-run oil company Petroleo Brasileiro SA. Rousseff is seen as safe from any impeachment threat for now since it is unlikely her opponents could marshal...

  • RIO DE JANEIRO, March 13- Pro-government labor unions and social activists staged demonstrations across Brazil on Friday in support of President Dilma Rousseff, two days before mass protests planned against her administration. The protests on Sunday could deepen a political crisis that has given rise to calls for Rousseff's impeachment for not stopping a...

  • Cramer Remix: Don't play with this stock Friday, 13 Mar 2015 | 7:39 PM ET
    Jim Cramer on the set of Mad Money

    It may be a place for fun and games, but “Mad Money” host Jim Cramer is not amused with this stock’s prospects

  • 4 trades on the oil selloff, Brazil turmoil Friday, 13 Mar 2015 | 7:15 PM ET
    A Petrobas platform at the Brasfels shipyard in Angra dos Reis, about 115 miles west of Rio de Janeiro.

    Crude oil is plummeting, but some names are worth picking up on the weakness, "Fast Money" traders said.

  • Cramer's game plan: Biggest fear on the dollar Friday, 13 Mar 2015 | 6:11 PM ET
    A man walks past Petrobras headquarters, Brazil's state-run oil company, March 9, 2015, in Rio de Janeiro.

    Jim Cramer sees one company out there that could be big trouble if the U.S. dollar keeps strengthening.

  • Cramer Remix: An Apple anniversary surprise Thursday, 12 Mar 2015 | 8:03 PM ET
    Jim Cramer speaks with Apple Inc. CEO Tim Cook on the 10th Anniversary of Mad Money.

    Apple CEO Tim Cook gives “Mad Money” host Jim Cramer the surprise of his career for his big 10th Anniversary show

  • RIO DE JANEIRO, March 12- The former head of Petrobras said on Thursday there was no way the state-run oil company could have discovered the massive corruption scheme that is adding to Brazil's economic and political troubles. Petroleo Brasileiro SA, as Petrobras is formally known, followed all internal procedure in approving more than $30 billion a year in...

  • Cramer: The source of these huge market swings Thursday, 12 Mar 2015 | 6:23 PM ET
    Sailing race in rough seas

    Jim Cramer sees these giant swings in the market, and thinks they are all correlated to one thing. Here's how your portfolio should react.

  • Petrobras scandal pushes Rousseff coalition to the brink Wednesday, 11 Mar 2015 | 4:22 PM ET

    BRASILIA, March 11- President Dilma Rousseff can no longer count on a key ally in her ruling coalition, complicating efforts to stave off what could be the roughest patch for Brazil's economy in a quarter-century. While few expect the PMDB to formally break with Rousseff's leftist Workers' Party in coming months, such open resistance to her legislative...

  • RIO DE JANEIRO, March 11- Brazil's Petrobras will receive cash recovered by Brazilian authorities as a result of their investigation of contract-fixing, bribery and political kickbacks at the state-run oil company, court officials said in a statement on Wednesday. Barusco, who told Congress on Tuesday that he and the treasurer of the ruling political party...

  • RIO DE JANEIRO, March 11- Brazil's office of the comptroller general said on Wednesday it had opened a case against 10 additional construction firms that may be involved in a massive corruption scheme at state-run oil firm Petroleo Brasileiro SA. The case runs against Alumini Engenharia, GDK, Promon Engenharia, Andrade Gutierrez, Fidens Engenharia, Sanko Sider,...