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Stocks Petroleo Brasileiro Petrobras SA

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  • RIO DE JANEIRO, July 24- Brazilian oil workers began a 24- hour strike on Friday in an effort to stop efforts to shrink state-run oil company Petroleo Brasileiro SA, or Petrobras, according to the main union representing the workers. The union is fighting plans by Petrobras to sell $15.1 billion of assets by the end of 2016.. FUP also opposes a bill before Brazil's...

  • CURITIBA, Brazil, July 24- Brazilian prosecutors will present formal charges 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. Top executives of Brazil's second-largest engineering firm...

  • RIO DE JANEIRO, July 24- Brazilian oil workers began a 24- hour strike on Friday in an effort to stop moves to shrink state-run oil company Petroleo Brasileiro SA, or Petrobras, according to the main union representing the workers. FUP also opposes a bill before Brazil's Senate seeking to strip Petrobras of its right to run all new development work in a giant...

  • RIO DE JANEIRO, July 23- Brazil's main oil workers union is considering an open-ended strike in September if a 24- hour walkout scheduled for midnight Thursday fails to stop moves to shrink state-run oil company Petrobras, a senior union official said. FUB also opposes a bill before Brazil's Senate seeking to strip Petrobras of its right to all new development...

  • GENEVA, July 22- The Swiss Attorney General's office said on Wednesday it has widened a corruption investigation into Brazilian oil firm Petrobras to include Latin America's largest engineering and construction company, Odebrecht SA, and its subsidiaries. Marcelo Odebrecht, chief executive of Brazil- based Odebrecht SA, was arrested in Sao Paulo last month...

  • BRASILIA, July 21- Brazilian President Dilma Rousseff's popularity slumped to a new low and support for her impeachment grew amid a deepening corruption scandal and a severe economic downturn, according to an opinion poll published on Tuesday. The numbers are another blow for Rousseff, who is facing criticism from within her own leftist Workers' Party over...

  • RIO DE JANEIRO, July 20- Three executives of Brazil's Camargo Correa group were convicted on Monday of money laundering, corruption and other charges, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras. The ruling was handed down by Judge Sergio Moro of Brazil's...

  • RIO DE JANEIRO, July 16- Brazil's state-run oil company Petroleo Brasileiro SA said late Thursday it paid 1.6 billion reais to settle part of a tax dispute with Brazilian authorities and will take the charge against second-quarter earnings. The charge includes 1.2 billion reais in back taxes and 400 million reais in fines, the company, known as Petrobras, said in...

  • RIO DE JANEIRO, July 16- Brazil's state-run oil company Petroleo Brasileiro SA is working to bring domestic diesel and gasoline prices into parity with international levels in order to attract downstream buyers or partners, a company executive said on Thursday. Petrobras, as the company is known, is looking to sell assets as it battles to survive a combination...

  • SAO PAULO, July 16- Federal prosecutors in Brazil have opened a formal inquiry into whether former President Luiz Inácio Lula da Silva improperly used his connections overseas to benefit Latin America's largest engineering firm, Odebrecht SA, a spokeswoman said on Thursday. The inquiry puts the legacy of one of Brazil's most popular former leaders on the...

  • SAO PAULO, July 16- Federal prosecutors in Brazil have opened a formal inquiry into whether former President Luiz Inácio Lula da Silva improperly used his connections overseas to benefit Latin America's largest engineering firm, Odebrecht SA, a spokeswoman said on Thursday. The investigation comes a month after Brazil- based Odebrecht's chief executive...

  • BRASILIA, July 16- The speaker of Brazil's lower house of Congress said on Thursday he is weighing legal arguments to impeach President Dilma Rousseff, which would be the first ouster of a sitting president in the country in nearly 23 years. Cunha has himself been named in a Supreme Court investigation of corruption at Petrobras, formally known as Petroleo...

  • *Ethanol surges 41 percent on price parity, taxes. RIO DE JANEIRO, July 15- Brazilian sales of gasoline and diesel fuel fell in the first half of 2015 and are likely to show a full-year decline as Brazil's economy cools, the country's fuel distributors' association SINDICOM told Reuters on Wednesday. The ethanol surge came as the government allowed state-run oil...

  • Police seized luxury cars including a red Ferrari, a black Porsche and a gray Lamborghini from the home of Senator Fernando Collor de Mello, a former president, according to a Reuters witness. Police did not provide the names of those under investigation but confirmed the operations were ordered by Brazil's Supreme Court, which is the only authority that can...

  • Senators Fernando Collor de Mello and Ciro Nogueira are among the names being investigated in the 16th round of the probe, dubbed "Politeia", TV Globo and newspaper O Estado de S. Paulo said. In statements, Brazil's federal police and prosecutors did not confirm the names under investigation but said the operations were ordered by the Supreme Court, Brazil's...

  • NEW YORK, July 10- A U.S. judge has rejected Brazilian state-run oil producer Petrobras' effort to dismiss a lawsuit claiming that years of corruption, including bribery, caused more than $98 billion of its stock and bonds to be overvalued. Shareholders led by England's Universities Superannuation Scheme Ltd alleged that Petrobras, whose formal name is...

  • RIO DE JANEIRO, July 8- Brazil's state-run oil company Petrobras hopes to boost the crude processing capacity of its newest refinery 62 percent to as much as 120,000 barrels per day in the second half of this year, the company's refining chief said Wednesday. Petroleo Brasileiro SA, as Petrobras is formally known, plans to start testing higher processing levels...

  • RIO DE JANEIRO, July 8- Brazil poses a larger threat of contagion for global financial markets than other emerging economies, far eclipsing Russia and China, Fitch Ratings said on Wednesday, giving highlights of an upcoming survey of European fixed-income investors. The investors, who manage an estimated 7.8 trillion euros in assets, considered economic...

  • BRASILIA, July 7- Brazil's Senate may vote on Wednesday on a bill ending state-run oil company Petrobras' leadership and mandatory minimum stake in a giant offshore oil district known as the subsalt, a key leader in the Brazilian upper house of Congress said on Tuesday. The Senate will likely put the bill up for a vote in the morning, said Delcídio Amaral, the leader...

  • 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...