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Tag: Petrobras

RIO DE JANEIRO, BRAZIL - Brazil’s shake up of state-run oil firm Petrobras has caused shockwaves at home but may also prompt some bond investors to rethink their US$1 trillion-plus exposure to other government-controlled companies across emerging markets. From China’s...
RIO DE JANEIRO, BRAZIL - The Federal Reserve Bank's decision to print money was taken to counter the economic recession effects triggered by the covid-19 pandemic. In parallel, the interest rate was lowered and is now close to zero. When...
RIO DE JANEIRO, BRAZIL -  According to AZ Quest's Walter Maciel, the political scenario in Brazil today is "diametrically opposed" to March last year, when the government had no support in Congress and was stalled in relation to the...
RIO DE JANEIRO, BRAZIL -  General Joaquim Silva e Luna, appointed to Petrobras, will be the 17th military in charge of Brazil's state-owned companies. Luna was Defense Minister in the last year of President Michel Temer's administration and has...
RIO DE JANEIRO, BRAZIL - Petrobras recorded profits of R$59.8 (US$10.9) billion in the 4th quarter last year and closed the year with a profit of R$7.1 (US$1.3) billion. The result contrasts with the losses expected by the experts. Low...
RIO DE JANEIRO, BRAZIL - The government's top officials have prepared a sturdy plan to dispel the financial market's unease after President Jair Bolsonaro demanded the resignation of Petrobras' CEO, Roberto Castello Branco. Three measures should be taken by the end...
RIO DE JANEIRO, BRAZIL - Attorney André Almeida, one of the parties behind the class action lawsuit for investor losses resulting from the corruption scheme investigated by Operation Lava Jato, says he is now preparing a similar lawsuit in...
RIO DE JANEIRO, BRAZIL - Brazil is not expected to register a primary surplus over the next decade and may see its gross debt exceed 100% of GDP until 2030 - much higher than other emerging countries. The assessment...
RIO DE JANEIRO, BRAZIL - The Brazilian president’s move to name a new CEO for the company is sparking a crisis of confidence in his administration’s commitment to free-market policies—and investors are fleeing. Oil giant Petrobras lost almost a fifth of...

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