Financials and Investment News in Brazil

Top Brazilian Politicians Investigated in Petrobras Scandal
3/7/2015 - Brazil's Supreme Court will investigate the speakers of both houses of Congress and 32 other sitting politicians in connection with a multibillion-dollar kickback scheme at state-controlled oil compan...
Petrobras Approved Two-Year Divestment Plan
3/2/2015 - Petrobras announces that its Executive Board, convened on February 26, 2015, has approved the company’s two-year (2015/2016) divestment plan. ...
Contract with Independent Audit Firm for the Periods of 2015 & 2016
3/2/2015 - Petrobras announces that its Board of Directors, convened on February 27, has approved to contract PricewaterhouseCoopers Auditores Independentes for the rendering of accounting audit services for the...
Moody’s Reviews Petrobras’ Global Ratings
2/24/2015 - Petrobras informs that Moody’s Investors Service reviewed Petrobras' global foreign currency debt ratings from Baa3 to Ba2. This rating is still on review. With this grade Petrobras is no longer an In...
Fitch Reviews Petrobras’ Global Ratings
Fitch Reviews Petrobras’ Global Ratings 2/4/2015 - Petrobras informs that Fitch Ratings reviewed Petrobras' debt ratings from BBB to BBB-, and has placed these ratings on Rating Watch Negative. This grade keeps Petrobras as an Investment Grade Company...
Moody’s Reviews Petrobras’ Global Ratings
1/30/2015 - Petrobras informs that Moody’s Investors Service reviewed Petrobras' global foreign currency debt ratings from Baa2 to Baa3. This rating is still on review. This grade maintains Petrobras as an Invest...
Prices of Gasoline and Diesel will be Increased
1/19/2015 - Petrobras clarifies that following the Federal Government decision to increase taxation on gasoline and diesel, the prices of these fuels at the refinery gate will be increased by the amount of the ne...
Brazilian Police Arrested Cervero in Brazil Scandal
1/14/2015 - Brazilian police early on Wednesday arrested another former executive at state-run oil company Petroleo Brasileiro SA after prosecutors accused him of continued involvement in corruption and money lau...
Petrobras Completes Negotiations with Creditors
1/6/2015 - Petrobras has successfully completed negotiations with creditors who had demanded the third quarter 2014 (3Q14) financial statement reviewed by the External Auditor by the end of January 2015. ...
Petrobras CFO Fined for Stifling Shareholders
12/3/2014 - The chief financial officer of Brazil's Petroleo Brasileiro SA has agreed to a fine for stifling the influence of minority shareholders, the country's securities regulator said, as corruption allegati...
Petrobras Received a Subpoena from SEC
11/24/2014 - Petrobras received a subpoena from the U.S. Securities and Exchange Commission (“SEC”) requesting certain documents relating to the SEC’s investigation of the Company. ...
PF Informs an Error to Director Jose Carlos Cosenza
11/19/2014 - Petrobras has learned that the officer Marcio Adriano Anselmo, the Regional Superintendent of the Parana Federal Police Department, sent an official letter to the judge Sergio Moro, the 13th Criminal ...
Rousseff Comments on Petrobras Scandal
11/16/2014 - A widening corruption scandal at state-run oil company Petroleo Brasileiro SA may change the country forever, Brazilian President Dilma Rousseff said in her first public remarks since a sweeping polic...
Pacific Applies to Delist its Brazilian Receipts
10/10/2014 - Pacific Rubiales Energy Corp. through its Board of Directors has resolved to submit, subject to prior approval from the Brazilian Securities Commission ("CVM") and the Brazilian Stock Exchange (BM&FBO...
Brazil May Raise Fuel Prices by Up to 6 Percent
8/11/2014 - The Brazilian government could increase domestic fuel prices at refineries by up to 6 percent after the October presidential election, a senior government source told Reuters. ...
Petrobras Profit Slumps as Imports, Price Gains
8/9/2014 - Profit at Brazilian state-run oil company Petrobras slumped 20 percent in the second quarter from a year earlier, as rising fuel imports, debt costs and operating expenses offset higher output and pri...
Loan Insurance for Petrobras to the FPSO Hulls Project
8/2/2014 - Nippon Export and Investment Insurance (NEXI) has decided to provide insurance for loans in relation to engineering, procurement and construction (EPC) contracts for the construction and conversion of...
ANP Fines Petrobras Again over Output Measures
8/1/2014 - Brazil's oil regulator, ANP fined Petroleo Brasileiro SA 7 million reais ($3.10 million) for not regulating the system to measure gas output at the Cherne-1 platform. ...
Brazil's ANP Fines Petrobras over Output Measures
7/28/2014 - Brazil's petroleum regulator, the ANP, fined state-run oil company Petroleo Brasileiro SA 5.55 million reais ($2.49 million) after problems were discovered with gauges used to measure oil and gas outp...
Loan Insurance for an Ultra-Deepwater FPSO Project
7/18/2014 - Nippon Export and Investment Insurance (NEXI) has decided to provide the loan insurance for the FPSO Project in Carioca area of a pre-salt oil field in Brazil for Carioca MV 27 B.V. (CMV27), a company...

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