RIO DE JANEIRO/NEW YORK Petrobras' decision to settle four lawsuits over corruption allegations signals its willingness to negotiate deals in other civil cases but does not remove the threat of massive government penalties from U.S. and Brazilian investigations, legal experts said.
RIO DE JANEIRO Brazilian prosecutors charged 21 people with qualified homicide on Thursday for their roles in the collapse of a tailings dam at the Samarco Mineração SA iron ore mine last November that killed 19 people.
RIO DE JANEIRO Brazil's largest oil workers' federation said Thursday its members voted overwhelmingly to reject a contract offer from Petroleo Brasileiro SA, or Petrobras, and were preparing for a possible strike.
RIO DE JANEIRO A Brazilian judge on Thursday lifted an injunction blocking Rio de Janeiro from granting an operating license for ThyssenKrupp AG's Cia Siderurgica do Atlantico steel mill, saying there were no irregularities in the 11-year permit process.
RIO DE JANEIRO A U.S. class-action lawsuit over corruption at Brazil's Petrobras will not overshadow the state oil company's $74 billion, five-year plan to slash its crippling debt and refocus on its core business, chief executive officer Pedro Parente said on Wednesday.
RIO DE JANEIRO Petróleo Brasileiro SA will not
have to pay a significant amount to settle a U.S. Justice
Department probe or a class action lawsuit over a corruption
case at the Brazilian state-controlled oil company, Chief
Executive Officer Pedro Parente told Reuters on Wednesday.
RIO DE JANEIRO/SAO PAULO Brazil's state-led oil company Petrobras on Tuesday cut planned investments by 25 percent in a drive to reduce the largest debt burden among global petroleum producers and revive investor confidence battered by a corruption scandal.
RIO DE JANEIRO Brazil's heavily indebted state-led oil company Petrobras will likely cut planned investment by about a sixth and its 2020 output goal by 14 percent under a five-year strategic plan scheduled for release Tuesday before markets open, according to analysts.
RIO DE JANEIRO, Sept 19 Brazil's heavily
indebted state-led oil company Petrobras will likely cut planned
investment by about a sixth and its 2020 output goal by 14
percent under a five-year strategic plan that could be released
as early as Monday after markets close, according to analysts.
RIO DE JANEIRO Brazil's largest oil workers union strongly rejected on Friday a proposal from Petrobras for a deal over salaries and benefits in their annual talks, increasing the risk of a new strike at the state-led oil company.