BRASILIA Aug 4 Brazil's state-run Petrobras will probably not meet its oil and gas production target for 2014 because of continued delays in the startup of new offshore oil platforms, a government source with direct knowledge of the situation told Reuters on Monday.
Petrobras set a 2014 goal of increasing output by 7.5 percent, plus or minus one percentage point, hoping to break a string of missed targets caused by declining output from its largest existing fields and delays in new areas. (Reporting by Roberto Samora and Leonardo Goy; Writing by Jeb Blount; Editing by Jonathan Oatis)
MOVES-Citi hires Ali to co-head EMEA leveraged finance
LONDON, June 26 (IFR) - Citigroup has hired Toby Ali from Bank of America Merrill Lynch to co-head its leveraged finance business in Europe, Middle East and Africa.