Brazil
Brazil Articles
After markets close Friday, Brazilian oil giant Petrobras is scheduled to release first-quarter financial results.
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Petrobras has released its audited financial results for the fourth quarter of 2014. That should read "finally released" in the reporting.
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Analysts and investors began to see the value of Petrobras assets in light of the $70 billion mega-deal in which Royal Dutch Shell will acquire BG Group.
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Investors in Petrobras have to be wondering about the fate of its dividend. The Brazilian state-run oil giant remains in a very difficult position.
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The bribery scandal surrounding Petrobras has plagued the company since last year. Now it looks like there is a new twist in this Brazilian soap opera.
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Moody's Investors Service has downgraded all ratings for Petrobras, putting the unsecured debt in the junk bond category.
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The news flow has been so negative and the situation has become so bad around Petrobras that any news at all that looks even remotely good might cause one strong rally.
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One might be forgiven for thinking that Petrobras needs no help in devaluing its stock price. The company has handled the job quite nicely by itself to this point.
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Petrobras shares were down handily on Friday on news that Aldemir Bendine of Banco do Brasil is the current top choice to take up the reins as Petrobras CEO.
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If the news that Petrobras was losing its CEO and other executives was so good, then wouldn't the share gains have been greater?
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Petrobras shares had a double-digit gain on Tuesday on reports of rumors that the company's president will resign or be replaced.
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Petrobras said it had reached an agreement with its creditors regarding the release of its third-quarter 2014 financial statements to the external auditor.
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Source: Wikimedia CommonsPetroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, just can’t seem to catch a break. Over the past few months it has been plagued by Brazilian elections, accounting...
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Azul S.A. has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering.
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Source: Wikimedia CommonsBrazil’s government-controlled oil giant Petroleo Brasileiro SA (NYSE: PBR), or Petrobras, issued a statement Tuesday morning saying that the company had received a...
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