BRASILIA – Petrobras has put the finishing touches on the first wave of development at the massive offshore Brazil Lula Field, pumping first oil from the latest floating production unit to be installed at the […]
BRASILIA – The board of Brazilian food processor BRF SA has elected Chairman Pedro Parente to the additional post of chief executive, the company said in a securities filing. Parente, the former CEO of state-controlled […]
RIO DE JANEIRO – The chief executive officer of Brazil’s state-controlled oil and gas giant, Petrobras Pedro Parente, announced his resignation Friday. Parente’s resignation follows a strike of Petrobras’ workers which started Wednesday with a […]
BRASILIA – A Brazilian court on Wednesday turned down ex-president Lula da Silva’s latest appeal against his 12-year sentence for corruption, seemingly putting his bid for a political comeback even farther out of reach. The […]
BRASILIA – Petrobras has agreed to pay US$2.95 billion to settle a class action suit in New York brought on behalf of investors harmed by a huge corruption scandal at the Brazilian state oil giant, […]
Chilean President Michelle Bachelet on Wednesday denied reports she received financial support for her 2013 campaign from a construction conglomerate that is involved in Brazil’s huge Petrobras corruption scandal. Grupo OAS is among dozens of […]
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