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Stocks Petroleo Brasileiro Petrobras SA

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  • RIO DE JANEIRO, Aug 6- Brazil's state-led oil company Petroleo Brasileiro SA said on Thursday second-quarter net income fell a steeper-than-expected 89 percent after a one-time impairment charge. Quarterly profit fell to 531 million reais from 4.96 billion reais a year ago. That compared with a 4 billion real average estimate of 12 analysts polled by Reuters.

  • BRASILIA, Aug 6- Allies of Brazil's President Dilma Rousseff have turned to her opponents to talk about filling what they see as a damaging leadership vacuum after losing confidence in her ability to pull the country out of an economic tailspin, party insiders said on Thursday. The president's failure to control her political base in Congress, dramatized by...

  • BRASILIA/ SAO PAULO, Aug 5- Brazil's two largest energy companies, Eletrobras and Petrobras, settled a quarrel on Wednesday worth billions of dollars in late payments for fuel supplies, the government said. Brazil's Energy Ministry said Centrais Eletricas Brasileiras SA, as Eletrobras is known, will pay Petrobras a bill that at one point late last year was...

  • BRASILIA, Aug 5- Brazil's top prosecutor, who has put dozens of politicians under investigation for allegedly taking bribes in the Petrobras corruption scandal, has won the backing of his peers to stay on the job for two more years. Rousseff is expected to nominate Janot, but it is not clear whether he will win confirmation by the Senate because the head of the upper...

  • RIO DE JANEIRO, Aug 5- Brazil's state-run oil company Petroleo Brasileiro SA second-quarter profit fell by almost a fifth from a year earlier due to a tax settlement charge and a plunge in oil prices, according to a Reuters survey of analysts. The expected decline has been driven by a 42 percent drop in the benchmark price of Brent crude oil and the decision...

  • CURITIBA, Brazil, Aug 3- Brazilian federal police on Monday arrested former government minister Jose Dirceu, one of the most senior members of the ruling Workers' Party to be detained so far in a corruption scandal engulfing state-run oil company Petrobras. Federal prosecutor Carlos Fernando dos Santos Lima called Dirceu a key instigator of the Petrobras...

  • CURITIBA, Brazil, Aug 3- Brazil's federal police on Monday arrested former government minister Jose Dirceu, one of the most senior members of the ruling Workers' Party to be jailed so far in a probe of alleged corruption at state-run oil company Petrobras. Federal prosecutor Carlos Fernando dos Santos Lima said during a press conference that Dirceu was one of the...

  • BRASILIA, Aug 3- Brazil's federal police on Monday arrested former government minister Jose Dirceu, ensnaring the most senior member of the country's ruling party yet in a massive investigation into alleged corruption at state-run oil company Petroleo Brasileiro SA. Police will hold a press conference at 10 a.m. Brasilia time to provide further details.

  • BRASILIA, July 31- Brazil's antitrust regulator CADE and federal prosecutors signed a leniency deal on Friday with engineering company Camargo Correa aimed at obtaining evidence of alleged price-fixing of contracts to build a nuclear power plant. Camargo Correa was the first of Brazil's construction firms to have its top executives convicted of...

  • BRASILIA, July 31- Two senior executives at Brazil's state-run power company Centrais Eletricas Brasileiras SA told Reuters on Friday that they had requested leave as a corruption investigation sweeps the country's largest electric utility. Valter Cardeal, head of generation at the holding company known as Eletrobras, and Adhemar Palocci, head of planning...

  • SAO PAULO, July 30- The lawyer behind the plea bargain deals that helped investigators unearth a multi-billion-dollar corruption scandal at Brazilian state-run oil firm Petrobras said on Thursday she closed her law firm because she felt threatened by a congressional committee. A congressional committee investigating Petroleo Brasileiro SA, as...

  • RIO DE JANEIRO, July 30- A U.S. judge earlier this month kept alive a lawsuit against Brazil's Petrobras in part because he doubted the state-led oil company's contention that some assurances it made about ethics and governance amounted to "mere puffery." District Judge Jed Rakoff, of Manhattan federal court, described puffery as a sort of harmless corporate...

  • SAO PAULO, July 29- Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S. Paulo reported on Wednesday. Former President Luiz Inacio da Silva's government agreed in 2008 to purchase five submarines, including a...

  • SAO PAULO, July 29- Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S. Paulo reported on Wednesday. Former President Luiz Inacio da Silva's government agreed in 2008 to purchase five submarines, including a...

  • BRASILIA, July 28- The arrest of Luiz Pinheiro da Silva, currently on leave as chief executive officer of Brazil's Eletronuclear, is unwelcome but should not cause problems in other areas under power regulator Aneel's jurisdiction, Aneel's general director, Romeu Donizete Rufino, said on Tuesday.

  • The arrests come as federal police follow allegations that a price-fixing, bribery and political kickback scheme they discovered at Petrobras extends to other state-led firms, including Eletrobras, Brazil's largest utility. Federal prosecutor Athayde Ribeiro Costa told journalists that police also had arrested Andrade Gutierrez executive Flavio...

  • CURITIBA, Brazil, July 28- Brazilian police on Tuesday arrested two people involved in building a nuclear power plant for Brazil's Eletrobras, pulling the state-led utility holding company into a giant corruption scandal surrounding state-run oil company Petrobras. The arrests come as Brazil's Federal Police and federal prosecutors follow allegations...

  • SAO PAULO, July 28- Brazilian federal police said on Tuesday they were completing two arrest warrants as part of a corruption investigation into Eletronuclear, a subsidiary of state-run electric utility Eletrobras. Federal police called a press conference for 10 a.m., to discuss the operation, which also included 23 search and seizure warrants in several...

  • Marcelo Odebrecht, the third-generation chief executive of the family-run Brazilian conglomerate Odebrecht SA, was charged with corruption, money laundering and criminal conspiracy. They will seek 6.7 billion reais in damages from Odebrecht SA, Dallagnol said. Marcelo Odebrecht's personal ties to former Brazilian President Luiz InĂ¡cio Lula da Silva...

  • CURITIBA, Brazil, July 24- Brazilian prosecutors will present formal charges on Friday against the chief executive of Latin America's largest engineering firm and other senior executives detained last month in a landmark investigation meant to show the country's elite are not above the law. Marcelo Odebrecht, the third-generation chief executive of the...