Petroleo Brasileiro Petrobras SA (PETR4.SA)
15 Apr 2014
R$ -0.61 (-3.83%)
|Market Cap (Mil.):||R$ 196,194.91|
|Shares Outstanding (Mil.):||13,044.50|
(Recasts; adds quotes, context on Petrobras; updates prices) By Asher Levine SAO PAULO, April 15 - Latin American stocks and currencies dropped on Tuesday, with investor concerns over escalating tensions in Ukraine and potentially weaker growth in key trade partner China sapping enthusiasm for emerging market assets. The MSCI Latin American stock index posted its biggest one-day drop in nearly three months, while nearly every currency in the region weakened against the U.S.
* Pasadena, Texas refinery has resulted in $500 mln in write-offs
RIO DE JANEIRO, April 15 - Brazil's state-run oil company Petroleo Brasileiro SA purchased a refinery in Pasadena, Texas, to maximize returns on heavy Brazilian oil in the U.S. Market, CEO Maria das Graças Foster told Brazil's Congress on Tuesday.
RIO DE JANEIRO, April 14 - Brazilian President Dilma Rousseff on Monday lashed out at critics of Petroleo Brasileiro SA, saying accusations of corruption, cost-overruns and stagnation at the state-run oil company were politically-motivated.
RIO DE JANEIRO, April 14 - Brazilian President Dilma Rousseff on Monday lashed out at critics of state-run oil company Petroleo Brasileiro SA, saying accusations of corruption, cost-overruns and stagnation at the company were politically motivated.
Petróleo Brasileiro SA, Brazil's state-controlled oil company know as Petrobras, agreed on Friday to sell its 10 percent stake in thermal power plant Usina Termelétrica Norte Fluminense to Électricité de France SA for an undisclosed sum. Prior to the deal, the UTE plant was 90 percent-owned by EDF, Petrobras said in a securities filing. The deal is not pending any regulatory approvals.
RIO DE JANEIRO - Brazil's Federal Police raided the headquarters of state-run oil company Petroleo Brasileiro SA in Rio de Janeiro on Friday as part of a money-laundering probe, two sources with direct knowledge of the operation told Reuters.
RIO DE JANEIRO, April 11 - Brazil's Federal Police raided the headquarters of state-run oil company Petroleo Brasileiro SA in Rio de Janeiro on Friday as part of a money-laundering probe, two sources with direct knowledge of the operation told Reuters.
RIO DE JANEIRO - The purchase of a Texas oil refinery by Brazil's state-run oil company has become a campaign issue as opponents of President Dilma Rousseff use it to attack her reputation as a no-nonsense manager and weaken her lead ahead of the October election.
SAO PAULO - Petroleo Brasileiro SA borrowed 4 billion reais ($1.8 billion) in a 17-year loan from Banco Bradesco SA to help pay for work on the Abreu e Lima refinery in northeastern Brazil, a source with direct knowledge of the deal said on Tuesday.
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