Brazil's Rousseff vows clean-up of scandal-tainted Petrobras


SAO PAULO - Brazilian President Dilma Rousseff, dogged by a multibillion-dollar corruption scandal at state-run oil company Petrobras, vowed on Thursday to stamp out graft at the flagship firm and place it under strict corporate governance.

Brazilian lawmakers urge indictments in Petrobras scandal

BRASILIA - A congressional committee investigating a mushrooming corruption scandal at Brazil's state-run oil company Petroleo Brasileiro SA recommended on Thursday that prosecutors bring charges against 52 people for alleged money laundering and racketeering.

18 Dec 2014

Carrefour closer to Brazil listing with Diniz deal

PARIS/SAO PAULO - Carrefour has sold a 10 percent stake in its Brazilian business to billionaire Abilio Diniz, a step towards a possible separate listing as the world's No.2 retailer looks to raise cash to accelerate growth in its second-largest market.

Deals, 18 Dec 2014

Brazil leader Rousseff's popularity undented by Petrobras scandal

BRASILIA - Brazilian President Dilma Rousseff's approval rating has not suffered from a widening corruption scandal involving state-run oil company Petroleo Brasileiro SA and many Brazilians continue to trust her, a poll showed on Wednesday.

World, 17 Dec 2014

Tycoon Diniz in talks to buy part of Carrefour's Brazil unit: source

SAO PAULO - Brazilian tycoon Abilio Diniz is in talks with Carrefour SA about buying a stake in the French retailer's Brazilian unit, a source with direct knowledge of the situation said on Wednesday.

Deals, 17 Dec 2014

Brazil prosecutor seeks indictment against former Petrobras CEO

RIO DE JANEIRO - Prosecutors in Rio de Janeiro said on Tuesday that they were seeking to indict the former chief executive officer of Brazilian state-run oil company Petroleo Brasileiro SA and a leading local construction and engineering firm for fraud.

16 Dec 2014

Another former Petrobras executive charged in Brazil scandal

SAO PAULO - Brazilian prosecutors said on Monday they had filed criminal charges against another former executive at Petrobras and three other people for alleged involvement in a massive kickback scheme at the state-run oil company.

15 Dec 2014

Brazil's CSN, partners see new venture done by end-2015

RIO DE JANEIRO/SAO PAULO - Cia Siderurgica Nacional SA, Brazil's largest diversified steelmaker, and a group of Asian partners agreed on Friday to move forward with a merger of their mining and logistics assets that would be completed next year.

Deals, 12 Dec 2014

Brazilian engineering executives charged in Petrobras scandal

CURITIBA, Brazil - Brazilian prosecutors on Thursday formally charged executives of six of the country's largest engineering firms with forming a cartel to funnel kickbacks from state-run oil company Petrobras to the ruling political party and its allies.

11 Dec 2014

Brazil govt plans Petrobras asset-backed debt offer -minister

BRASILIA/SAO PAULO - The Brazilian government is working on a plan to help embattled state-controlled oil producer Petrobras borrow money through an offering of asset-backed securities before year end, Mines and Energy Minister Edison Lobão said on Thursday.

11 Dec 2014

Tunisians vote in historic presidential run-off

TUNIS - Tunisians voted on Sunday in a presidential run-off election that completes the country's transition to full democracy nearly four years after an uprising which ousted autocrat Zine El-Abidine Ben Ali.