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companyNews reuters.com

Brazil commission to negotiate transfer of rights with Petrobras

RIO DE JANEIRO, Jan 17 (Reuters) - The Brazilian government on Wednesday created a commission to negotiate the terms of a so-called "transfer of rights" program with state-controlled oil company Petroleo Brasileiro SA (Petrobras).

companyNews reuters.com

Petrobras says no injuries after fire contained on platform in Lula Field

RIO DE JANEIRO, Jan 16 (Reuters) - Brazil's state-controlled oil company Petróleo Brasileiro said on Tuesday a fire at a platform in the Santos Basin was contained and did not cause injuries or environmental damage.

technologyNews reuters.com

Saudi Electricity signs deal with Japanese firms for first EV pilot

KHOBAR, Saudi Arabia (Reuters) - State-controlled Saudi Electricity Co (SEC) has signed a deal with Japanese Tokyo Electric Power Co (TEPCO), Nissan Motor Co and Takaoka Toko for the first electric vehicle (EV) pilot project in the world's largest oil exporter, it said on Sunday.

businessNews reuters.com

Shareholders in Brazil demand Petrobras match $3 billion U.S. settlement

RIO DE JANEIRO (Reuters) - Brazilian shareholders of state-controlled Petroleo Brasileiro SA are petitioning a Brazilian court to be paid on similar terms as those given to U.S. shareholders in a $2.95 billion settlement, a lawyer told Reuters on Thursday.

companyNews reuters.com

UPDATE 5-Petrobras to pay $2.95 bln to settle U.S. corruption lawsuit

NEW YORK, Jan 3 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Wednesday agreed to pay $2.95 billion to settle a U.S. class action corruption lawsuit, in what was said to be the biggest such payout in the United States by a foreign entity.

businessNews reuters.com

Petrobras to pay $2.95 billion to settle U.S. corruption lawsuit

NEW YORK (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Wednesday agreed to pay $2.95 billion to settle a U.S. class action corruption lawsuit, in what was said to be the biggest such payout in the United States by a foreign entity.

companyNews reuters.com

UPDATE 4-Petrobras to pay $2.95 bln to settle U.S. corruption lawsuit

NEW YORK, Jan 3 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Wednesday agreed to pay $2.95 billion to settle a U.S. class action corruption lawsuit, in what was said to be the biggest such payout in the United States by a foreign entity.

companyNews reuters.com

UPDATE 3-Brazil's Petrobras settles U.S. corruption class action for $2.95 bln

NEW YORK, Jan 3 (Reuters) - Brazil state-controlled oil company Petroleo Brasileiro SA said on Wednesday it had agreed to pay $2.95 billion to settle a U.S. class action brought by investors who claim they lost money as a result of a graft scandal.

businessNews reuters.com

Brazil's Petrobras settles U.S. corruption class action for $2.95 billion

NEW YORK (Reuters) - Petroleo Brasileiro SA , Brazil's state-controlled oil company, said on Wednesday it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors who claim they lost money as a result of a corruption scandal.

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UPDATE 1-Petrobras to pay $2.95 bln to settle U.S. class action over corruption

NEW YORK, Jan 3 (Reuters) - Brazil's state-controlled oil company, Petroleo Brasileiro SA, said on Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors who claim they lost money as a result of a corruption scandal.

businessNews reuters.com

Petrobras to pay $2.95 billion to settle U.S. class action over corruption

NEW YORK (Reuters) - Brazil's state-controlled oil company, Petroleo Brasileiro SA , said Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors seeking to recoup money they claim to have lost as a result of a corruption scandal.

companyNews reuters.com

Petrobras to pay $2.95 bln to settle U.S. class action over corruption

NEW YORK, Jan 3 (Reuters) - Brazil's state-controlled oil company, Petroleo Brasileiro SA, said Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors seeking to recoup money they claim to have lost as a result of a corruption scandal.

companyNews reuters.com

Brazil imports of refined products to hit at least 17-year high in 2017

RIO DE JANEIRO, Dec 29 (Reuters) - Brazil will import more refined oil products this year than any other since records began in 2000, as state-controlled oil giant Petroleo Brasileiro loses market share to private firms.

cnn.com

Man blacklisted by Russian media is now on YouTube

Blacklisted by state-controlled media, Russian opposition leader Alexey Navalny is using YouTube to galvanize protests against the Kremlin.

companyNews reuters.com

Major public creditors argue for consolidation of Oi recovery plan

RIO DE JANEIRO, Dec 19 (Reuters) - Brazilian telecoms regulator Anatel and state-controlled lenders Banco do Brasil SA , Caixa Economic Federal and BNDES expressed support on Tuesday for the consolidation of a debt restructuring plan for telecoms company Oi SA.

companyNews reuters.com

Brazil's Petrobras to announce partnership for Campos Basin- CEO

SAO PAULO, Dec 14 (Reuters) - Brazilian state-controlled oil company Petróleo Brasileiro SA will announce soon a partnership to allow Campos Basin, which first produced oil 40 years ago, to continue producing for a long time, Petrobras Chief Executive Officer Pedro Parente said.

companyNews reuters.com

Brazil's Petrobras receives $3 billion in China Development Bank loan

SAO PAULO, Dec 14 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Thursday received $3 billion under a $5 billion loan from China Development Bank, the company said in a securities filing.

companyNews reuters.com

First Libra pre-salt oil shipment likely in early January -Petrobras

RIO DE JANEIRO, Dec 1 (Reuters) - Petróleo Brasileiro SA is likely to begin shipping oil from the Libra pre-salt area early in January, an executive at the Brazilian state-controlled oil company said on Friday.

Subways nytimes.com

Rebuild New York Subways Under New Leadership, Report Urges

An influential urban research group is calling for creating a state-controlled corporation with one mission: overhauling the aging subway system.

companyNews reuters.com

Brazil's Petrobras starts production in pre-salt Libra block

BRASILIA, Nov 27 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA (Petrobras) and its partners began production in the pre-salt Libra block of the Santos basin on Sunday, a securities exchange filing showed.

topNews reuters.com

Russia moves to shelter banks funding arms makers from sanctions

MOSCOW (Reuters) - Russia has proposed ending the publication of the names of banks which finance Russian state-controlled arms producers, in a possible sign that Moscow is preparing for new U.S. sanctions.

companyNews reuters.com

Brazil's BNDES CEO says government considers two-stage Eletrobras privatization

NEW YORK, Nov 14 (Reuters) - Brazilian development bank BNDES's chief executive said on Tuesday that the government is considering a two-stage privatization of state-controlled power holding company Centrais Brasileiras SA.

companyNews reuters.com

Banco do Brasil misses third-quarter profit estimates on weak loan demand

SAO PAULO, Nov 9 (Reuters) - State-controlled lender Banco do Brasil SA missed third-quarter profit estimates on Thursday as weak demand for loans weighed on interest income.

companyNews reuters.com

Brazil's BB Seguridade sees private pension products leading growth

SAO PAULO, Nov 6 (Reuters) - Brazil's BB Seguridade Participações SA, the insurance arm of state-controlled Banco do Brasil SA, expects a pickup in the country's economic activity to compensate for falling interest rates and keep up profitability, Chief Financial Officer Werner Suffert told Reuters on Monday.

Russian Interference in 2016 US Elections and Ties to Trump Associates nytimes.com

The Paradise Papers: Kremlin Cash Behind Billionaire’s Twitter and Facebook Investments

Leaked files show that a state-controlled bank in Moscow helped to fuel Yuri Milner’s ascent in Silicon Valley, where the Russia investigation has put tech companies under scrutiny.

environmentNews reuters.com

Petrobras applies to swap environmental fines for services

SAO PAULO (Reuters) - Brazil's Petróleo Brasileiro SA has applied to federal environmental agency Ibama to provide environmental protection services in exchange for wiping out all its fines for environmental offenses, the state-controlled oil company said late on Saturday.

companyNews reuters.com

UPDATE 1-Creditors request delay of Oi assembly -sources

BRASILIA/SAO PAULO, Oct 19 (Reuters) - Creditors including state-controlled lender Banco do Brasil SA, development bank BNDES and groups representing bondholders on Thursday requested the delay of Monday's creditors assembly of Brazilian phone company Oi SA, two sources with knowledge of the matter said.

companyNews reuters.com

REFILE-Banco do Brasil requests delay of Oi creditors assembly -sources

BRASILIA/SAO PAULO, Oct 19 (Reuters) - State-controlled lender Banco do Brasil SA has asked to delay an assembly of creditors of Brazilian phone company Oi SA scheduled for Monday, two sources with knowledge of the matter said on Thursday.

companyNews reuters.com

EU regulator wants Gazprom to sweeten antitrust concessions

BRUSSELS, Oct 13 (Reuters) - EU antitrust regulators want Russian state-controlled gas giant Gazprom to offer more concessons to end a six-year long investigation, the European Commission said on Friday.

environmentNews reuters.com

EDF says informed regulator of flooding risks at 20 nuclear reactors

PARIS (Reuters) - French state-controlled utility EDF said on Wednesday it had informed the country's ASN nuclear regulator that pumping station pipes at 20 nuclear reactors were not resistant enough in the case of an earthquake, posing flooding risks.

companyNews reuters.com

Petrobras says pension funds not party to $6.4 bln arbitration case

SAO PAULO, Oct 4 (Reuters) - Petroleo Brasileiro SA said Brazilian pension funds are not a party to arbitration proceedings levied against the state-controlled oil company in relation to a bribery and graft scheme that might have caused hefty losses to investors.

companyNews reuters.com

Russia's Gazprom Neft discovers new oil field off Sakhalin

MOSCOW, Oct 4 (Reuters) - Gazprom Neft, the oil arm of state-controlled gas company Gazprom, has discovered a new oil field off the Pacific island of Sakhalin, chief executive Alexander Dyukov told Rossiya 24 TV in an interview.

companyNews reuters.com

Petrobras starts binding stage on proposed sale of Maromba field

SAO PAULO, Oct 3 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Tuesday said it had started the binding stage for a proposed stake sale in the Maromba field, located in the Campos basin, according to a securities filing.

businessNews reuters.com

Russian government says Aeroflot to support struggling carrier VIM Airlines

MOSCOW (Reuters) - Russian state-controlled airline Aeroflot will help private carrier VIM Airlines after it asked for financial aid from the state, the Russian government said in a statement on Thursday.

companyNews reuters.com

UPDATE 1-India says work on GE's locomotive factory on track

NEW DELHI, Sept 28 (Reuters) - U.S. firm General Electric's plan to build a diesel locomotive factory in eastern India is on track, the railways minister said on Thursday, seeking to allay concerns that the state-controlled network was making changes to the contract.

companyNews reuters.com

India says work on GE's locomotive factory on track

NEW DELHI, Sept 28 (Reuters) - U.S. firm General Electric's plan to build a diesel locomotive factory in eastern India is on track, the railways minister said on Thursday, seeking to allay concerns that the state-controlled network was making changes to the contract.

companyNews reuters.com

Brazil's Petrobras to sell 90 pct of natural gas transport unit

BRASILIA, Sept 5 (Reuters) - Brazil state-controlled oil firm Petrobras said in a stock exchange filing on Tuesday that it will sell a 90-percent stake in its wholly owned subsidiary Transportadora Associada de Gas SA (TAG).

technologyNews reuters.com

Thousands of ATMs go down in Indonesia after satellite problems

JAKARTA (Reuters) - Thousands of ATMs and electronic card payment machines in Indonesia went offline over the weekend, and it might take two more weeks before full service is restored, after an outage from a satellite belonging to state-controlled telecom giant PT Telekomunikasi Indonesia (Telkom).

companyNews reuters.com

Banco do Brasil to book $65 mln gain with Neoenergia M&A

SAO PAULO, Aug 24 (Reuters) - State-controlled Banco do Brasil SA plans to book a 205 million-real ($65 million) non-recurring gain this quarter after an increase in the value of an investment.

companyNews reuters.com

UPDATE 1-Ex-Petrobras CEO Bendine charged with corruption in Brazil

RIO DE JANEIRO, Aug 22 (Reuters) - Brazilian prosecutors on Tuesday charged Aldemir Bendine, the former chief executive of state-controlled oil firm Petroleo Brasileiro SA, with corruption, alleging he used his position to take bribes from construction firm Odebrecht.

companyNews reuters.com

EMERGING MARKETS-Brazil stocks up on Petrobras boost

By Bruno Federowski SAO PAULO, Aug 18 (Reuters) - Brazilian stocks on Friday rose near six-month highs after the government renewed tax breaks on the oil industry, boosting shares of state-controlled Petróleo Brasileiro SA. According to a statement published on the official gazette, Brazil will extend the so-called Repetro tax regime, which sets lower taxes for exports and imports of goods related to oil production and research in the sector. Analysts at XP Investimentos brokerag

companyNews reuters.com

Brazil regulator orders Eletrobras to return $951 mln within 90 days

BRASILIA, Aug 16 (Reuters) - Brazil's electricity regulator Aneel on Wednesday ordered state-controlled power holding Eletrobras to return 3 billion reais ($951.54 million) received as subsidies to a government fund.

companyNews reuters.com

Petrobras expects $17 bln investment, $8 bln divestitures this year

RIO DE JANEIRO, Aug 11 (Reuters) - Brazil's state-controlled Petróleo Brasileiro SA has targeted spending $17 billion in investments and selling $8 billion worth of assets this year, a presentation by the oil company published on Friday said.

companyNews reuters.com

Banco do Brasil sees recurring profit at mid-point of forecast

SAO PAULO, Aug 11 (Reuters) - Banco do Brasil SA expects to meet the mid-point of a target for recurring net income this year, as cost and expense control might help the state-controlled lender to offset declining interest income and shrinking loan book disbursements, executives said on Friday.

companyNews reuters.com

UPDATE 1-Petrobras misses estimates on higher taxes; EBITDA slumps

RIO DE JANEIRO/SAO PAULO, Aug 10 (Reuters) - Petróleo Brasileiro SA missed second-quarter profit estimates by a large margin after joining a tax refinancing program, putting the brakes on efforts by Brazil's state-controlled oil producer to cut the largest debt burden among major global oil firms.

companyNews reuters.com

Banco do Brasil cuts interest income, loan book guidance

SAO PAULO, Aug 10 (Reuters) - Banco do Brasil SA, the country's largest state-controlled bank by assets, announced on Thursday the following operating estimates for this year:

companyNews reuters.com

Banco do Brasil misses profit estimates as defaults spike

SAO PAULO, Aug 10 (Reuters) - Banco do Brasil SA missed second-quarter profit estimates on Thursday, as a jump in defaults forced the country's largest state-controlled bank to keep loan-loss provisions at high levels.

companyNews reuters.com

RPT-Petrobras prepays $333 mln in 2018 debt, borrows $650 mln due in 2022

SAO PAULO, Aug 3 (Reuters) - Brazil's Petroleo Brasileiro SA prepaid a $333 million debt to Bank of Tokyo-Mitsubishi due in 2018 and borrowed $500 million from the Japanese bank due in 2022, the state-controlled oil company said in a securities filing on Thursday.

companyNews reuters.com

Petrobras prepays $333 mln in 2018 debt, borrows $650 mln due in 2022

SAO PAULO, Aug 3 (Reuters) - Brazil's Petroleo Brasileiro SA prepaid a $333 million debt to Bank of Tokyo-Mitsubishi due in 2018 and borrowed $500 million from the Japanese bank due in 2022, the state-controlled oil company said in a securities filing on Thursday.

worldNews reuters.com

Ex-Greek minister guilty of money laundering in Siemens scandal

ATHENS (Reuters) - A former Greek minister was found guilty on Friday of money laundering over contracts between the Greek unit of Siemens and then state-controlled telecoms group OTE.

companyNews reuters.com

EMERGING MARKETS-Brazil stocks fall, dragged down by Petrobras

By Bruno Federowski SAO PAULO, July 21 (Reuters) - Brazilian stocks dropped on Friday as falling prices of crude oil and an increase in fuel taxes weighed on shares of state-controlled oil company Petróleo Brasileiro SA. Preferred shares in Petrobras, as the company is known, slipped 2.3 percent, subtracting the most points from Brazil's benchmark Bovespa stock index. The shares moved after the government raised the federal PIS/Cofins social contribution tax on gasoline, diesel i

companyNews reuters.com

Kremlin says to keep mum on Siemens' Russia retreat over Crimea scandal

MOSCOW, July 21 (Reuters) - The Kremlin said on Friday it did not want to make any comment on a decision by Germany's Siemens to halt deliveries of power equipment to Russian state-controlled customers after a Crimean sanctions scandal.

environmentNews reuters.com

Brazil to revise hydro dam capacity before privatizations

SAO PAULO (Reuters) - Brazil is planning to lower the estimated capacity of several older hydroelectric dams before they are privatized by state-controlled power holding company Eletrobras, a senior energy official told Reuters on Monday.

businessNews reuters.com

Brazil clears Petrobras, advisors of wrongdoing in 2010 share offer

RIO DE JANEIRO (Reuters) - Brazil's securities industry watchdog on Tuesday cleared Petroleo Brasileiro SA , former management and financial advisors of wrongdoing over alleged irregularities relating to the state-controlled oil company's $70 billion share offering in September 2010.

companyNews reuters.com

Petrobras corruption class actions need changes -U.S. appeals court

July 7 (Reuters) - A U.S. judge must redefine which groups of investors can sue Brazilian state-controlled oil firm Petroleo Brasileiro SA in their bid to recoup billions of dollars of alleged losses tied to its corruption scandal, a U.S. appeals court said on Friday.

companyNews reuters.com

Brazil's Petrobras halts output at P-62 platform after accident

SAO PAULO, July 5 (Reuters) - Petróleo Brasileiro SA halted production at its P-62 platform in the Campos basin due to an accident that left three people injured, the state-controlled oil company said on Wednesday.

companyNews reuters.com

UPDATE 1-Brazil's Petrobras to review diesel, gasoline prices more frequently

RIO DE JANEIRO, June 30 (Reuters) - Brazilian state-controlled oil company Petróleo Brasileiro SA said on Friday it would review fuel prices more frequently as it seeks to regain market share it lost by keeping wholesale prices to retailers above global benchmarks.

companyNews reuters.com

EMERGING MARKETS-Brazil stocks up as oil lifts Petrobras; political woes linger

SAO PAULO, June 30 (Reuters) - Brazilian stocks rose on Friday as shares of state-controlled oil company Petróleo Brasileiro SA followed crude prices higher, though caution due to the country's political crisis lingered. Crude futures rose for the seventh straight session, in their longest bull run since April. Shares of Petrobras rose 1.8 percent, lifting the Bovespa stock index 1 percent. Shares of sewage and water utility Cia de Saneamento Básico do Estado de São Paulo SA advanced

companyNews reuters.com

Petrobras operations normal despite Brazil strike, executives say

RIO DE JANEIRO, June 30 (Reuters) - Exploration and production, refining and logistics activities at Brazilian state-controlled oil company Petróleo Brasileiro are normal on Friday amid a nationwide strike, executives said.

companyNews reuters.com

Brazil's Caixa backs effort to oust Batistas from JBS board- sources

RIO DE JANEIRO, June 28 (Reuters) - Brazil's state development bank BNDES has won the backing of state-controlled lender Caixa Econômica Federal in its effort to oust controlling shareholders involved in a corruption scandal from the board and management of meatpacker JBS SA, three sources with knowledge of the matter said on Wednesday.

companyNews reuters.com

Brazil's Petrobras cuts gasoline and diesel prices

SAO PAULO, June 14 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA reduced on Wednesday its average prices at refineries by 2.3 percent for gasoline and 5.8 percent for diesel, the company said in a securities filing.

environmentNews reuters.com

France to close some nuclear reactors, says ecology minister Hulot

BOLOGNA, Italy (Reuters) - French environment and energy minister Nicolas Hulot said on Monday that the government plans to close some nuclear reactors of state-controlled utility EDF to reduce nuclear's share of the country's power mix.

companyNews reuters.com

Brazil police search headquarters of Eletrobras unit in graft probe

SAO PAULO, June 8 (Reuters) - Brazilian federal police searched the headquarters of a unit of state-controlled power utility Centrais Elétricas Brasileiras SA on Thursday as part of a corruption investigation.

companyNews reuters.com

Petrobras denies Brazil govt meddling in LPG pricing move

RIO DE JANEIRO, June 7 (Reuters) - The Brazilian government is not meddling in pricing decisions by state-controlled oil producer Petróleo Brasileiro SA, which on Wednesday kept cooking gas out of a pricing system based on international parity.

businessNews reuters.com

Exclusive: Brazil orders Caixa to halt loans to J&F - sources

SAO PAULO/BRASILIA (Reuters) - The Brazilian government has ordered state-controlled lender Caixa Econômica Federal to stop providing financing to a family of billionaires who accused President Michel Temer of working to obstruct a corruption probe, people familiar with the decision said on Tuesday.

companyNews reuters.com

Shanghai Electric to join Eletrosul in Brazil power projects

SAO PAULO, June 5 (Reuters) - A unit of Shanghai Electric Power Co Ltd has signed a non-binding accord to take majority control of a series of power transmission projects owned by a Brazilian state-controlled utility.

businessNews reuters.com

Finnair says its A350 deliveries getting back on track

CANCUN, Mexico (Reuters) - Deliveries of A350 widebody jets, which have been hit by delays to cabin equipment, are getting much closer to their forecasted delivery dates, the chief executive of Finland's state-controlled carrier, Finnair, said on Sunday.

United Nations Framework Convention on Climate Change nytimes.com

Turning Against Trump: How the Chinese Covered the Climate Pact Exit

The state-controlled news media seized the moment to cast doubt on American democracy and promote an image of China as a responsible superpower.

companyNews reuters.com

Brazil's Petrobras says political turmoil unlikely to affect asset sales

RIO DE JANEIRO, June 1 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA does not expect political turmoil caused by a massive corruption investigation to affect its asset sales and debt reduction program, Chief Executive Officer Pedro Parente said Thursday.

companyNews reuters.com

UPDATE 1-Brazil court orders Petrobras to supply natural gas to Eletrobras

SAO PAULO, May 30 (Reuters) - A Brazilian court ordered state-controlled oil firm Petróleo Brasileiro SA to sell natural gas to Centrais Elétricas Brasileiras SA despite the power utility's billionaire debt with the oil company.

companyNews reuters.com

Russia completes first flight of new MS-21 passenger plane

MOSCOW, May 28 (Reuters) - Russia on Sunday completed the first flight of its new MS-21 medium-range passenger plane, state-controlled United Aircraft Corporation said in a statement.

companyNews reuters.com

Brazil's Petrobras extends maturity of $500 mln debt with Citibank

BRASILIA, May 23 (Reuters) - Brazil's state-controlled oil company Petróleo Brasileiro SA extended the maturity of a $500 million debt with Citibank NA as part of a strategy to cut financial expenses, the company said in a statement on Tuesday.

topNews reuters.com

Exclusive: Petrobras turnaround could yield first dividend in years in 2017

NEW YORK (Reuters) - Brazil's state-controlled oil company Petrobras will pay its first shareholder dividend in three years if the company turns a profit in 2017, Chief Executive Officer Pedro Parente said on Wednesday.

companyNews reuters.com

UPDATE 1-Brazil's Petrobras says April output steady at 2.72 mln barrels/day

SAO PAULO, May 17 (Reuters) - Brazilian state-controlled oil company Petroleo Brasileiro SA said its oil and natural gas output held steady in April at 2.72 million barrels of oil equivalent per day, according to a securities filing on Wednesday.

companyNews reuters.com

Brazil's Petrobras says April output 2.72 mln barrels/day

SAO PAULO, May 17 (Reuters) - Brazilian state-controlled oil company Petroleo Brasileiro SA said its oil and natural gas output in April was 2.72 million barrels of oil equivalent per day, according to a securities filing on Wednesday.

companyNews reuters.com

Brazil's Petrobras wins $1.8 bln tax ruling from 2009

SAO PAULO, May 12 (Reuters) - Brazilian state-controlled oil company Petroleo Brasileiro SA said tax court CARF has made a final ruling in favor of the company in a case regarding a deduction of 5.8 billion reais ($1.8 billion) related to 2009 drilling expenses.

companyNews reuters.com

EMERGING MARKETS-Brazilian stocks up, Mexico says NAFTA talks set for Aug.

(Updates prices, adds JBS development, NAFTA talks) By Bruno Federowski SAO PAULO, May 12 (Reuters) - Brazilian stocks rose on Friday for the fourth straight day as Petroleo Brasileiro SA shares hit an 11-week high after the state-controlled oil company reported its strongest operating profit ever. Preferred shares of Petrobras, as the company is known, jumped as much as 5.1 percent after earnings before interest, tax, depreciation and amortization rose 19 percent to 25.254 billion

companyNews reuters.com

Petrobras expects asset sales to bring $8 bln in cash this year

SAO PAULO, May 12 (Reuters) - Petroleo Brasileiro SA expects to generate $8 billion of liquidity from asset sales this year, the state-controlled Brazilian oil firm told investors in a presentation on Friday.

companyNews reuters.com

Banco do Brasil misses profit estimates on write-offs, declining income

SAO PAULO, May 11 (Reuters) - State-controlled Banco do Brasil SA missed first-quarter profit estimates on Thursday, reflecting soaring bad loan write-offs and a surprising decline in interest and fee income.

companyNews reuters.com

UPDATE 1-Petrobras eyes adding Texas, African assets to asset sale plan

SAO PAULO, May 10 (Reuters) - Petróleo Brasileiro SA proposed including a Texas refinery and a stake in an African oil exploration venture into a list of assets that Brazil's state-controlled oil company has put up for sale by the end of next year.

companyNews reuters.com

Petrobras, partners in Libra see break-even price at $35 per barrel

SAO PAULO, May 2 (Reuters) - State-controlled Petróleo Brasileiro and partners in Brazil's massive offshore prospect Libra are taking a series of steps to improve efficiency that could help them target a break-even price for oil of $35 a barrel.

companyNews reuters.com

Petrobras to focus on oil E&P, alternative energy for next five years

HOUSTON, May 2 (Reuters) - Petróleo Brasileiro SA will focus on oil and gas exploration and production while seeking opportunities in alternative sources of energy over the next five years, as Brazil's state-controlled oil firm moves toward more profitable core segments, Chief Executive Officer Pedro Parente said on Tuesday.

companyNews reuters.com

Petrobras says Brazil strike had no significant impact on output

BRASILIA, April 28 (Reuters) - Brazil's state-controlled oil company Petróleo Brasileiro SA said on Friday that a nationwide general strike had no significant impact on its oil output.

companyNews reuters.com

Brazil central bank saw no fraud in Caixa-PanAmericano deal

SAO PAULO, April 20 (Reuters) - The Brazilian central bank found no evidence of accounting fraud at the time of state-controlled Caixa Econômica Federal's purchase of a stake in a consumer lender in 2009.

companyNews reuters.com

UPDATE 3-Brazil police probe Caixa's stake purchase in consumer lender

SAO PAULO, April 19 (Reuters) - Brazil's federal police conducted raids on Wednesday as part of an investigation of state-controlled Caixa Econômica Federal's purchase of a stake in a consumer lender six years ago, the latest scandal rocking the nation's largest mortgage lender.

companyNews reuters.com

Brazil court suspends sale of Petrobras stake in oilfield to Statoil

SAO PAULO, April 17 (Reuters) - A Brazilian court has ordered state-controlled oil company Petróleo Brasileiro SA to suspend the sale of its stake in an exploratory block to Norway's Statoil ASA.

companyNews reuters.com

Petrobras says eased Brazil content rules could boost revenue

SAO PAULO, April 12 (Reuters) - Changes to water down strict local content rules on equipment to extract deep sea oil could help Brazil's government earn 31 billion reais ($9.9 billion) worth of royalties and other revenue sources between 2020 and 2025, state-controlled oil company Petróleo Brasileiro SA said on Wednesday.

China nytimes.com

What Chinese News Reports Tell Us About Beijing’s View of Trump

After President Xi Jinping went to Mar-a-Lago, Chinese state-controlled news outlets offered some hints about how the visit was perceived back home.

environmentNews reuters.com

French government urges EDF to close aging nuclear plant as decision looms

PARIS (Reuters) - French Energy Minister Segolene Royal warned EDF's board on Wednesday against trying to prevent the closure of France's oldest nuclear plant, as a long-running conflict between the state-controlled utility and the government comes to a head.

companyNews reuters.com

UPDATE 1-Petrobras says Exxon expressed 'strong interest' in pre-salt oil

SAO PAULO, April 4 (Reuters) - U.S. oil company Exxon Mobil Corp expressed to Brazil's state-controlled company Petrobras "strong interest" in the exploration of deep-water oil fields off the Brazilian coast, Petrobras Chief Executive Pedro Parente said on Tuesday.

businessNews reuters.com

Petrobras CEO says Exxon expressed 'strong interest' in pre-salt oil

SAO PAULO (Reuters) - U.S. oil company Exxon Mobil Corp expressed to Brazil's state-controlled firm Petrobras "strong interest" in the exploration of deep-water pre-salt oil fields off the Brazilian coast, Petrobras Chief Executive Officer Pedro Parente said on Tuesday.

companyNews reuters.com

Russian oil firm Rosneft to start Barents Sea drilling in 2018

MOSCOW, April 3 (Reuters) - Russian state-controlled oil firm Rosneft plans to start drilling in the Barents Sea in 2018, Chief Executive Igor Sechin told President Vladimir Putin via video-link on Monday.

companyNews reuters.com

UPDATE 1-Eletrobras hires advisors to sell stakes in power projects

SAO PAULO, March 29 (Reuters) - Brazil's state-controlled power holding company Centrais Elétricas Brasileiras SA hired financial advisers to help sell its stakes in some power projects, Chief Executive Wilson Ferreira Jr. said on Wednesday.

companyNews reuters.com

Brazil's Petrobras pulls appeal of Karoon deal -court documents

RIO DE JANEIRO, March 29 (Reuters) - Brazil's state-controlled oil company Petrobras has withdrawn its appeal to the Supreme Court of an injunction blocking the sale of oil fields to Australia's Karoon Gas Australia Ltd, according to court documents reviewed by Reuters on Wednesday.

companyNews reuters.com

Brazil's Caixa profit rises as provisions, expenses fall

SAO PAULO, March 28 (Reuters) - State-controlled Caixa Econômica Federal, Brazil's largest mortgage lender, posted a sharp jump in fourth-quarter profit on Tuesday, reflecting declining loan-loss provisions in light of a drop in delinquencies.

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Brazil court rules in favour of Petrobras in tax deduction case

SAO PAULO, March 24 (Reuters) - A Brazilian tax court ruled that state-controlled oil company Petróleo Brasileiro SA did not break the law by deducting expenses related to the development of oil and gas field from its 2009 income taxes.

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UPDATE 1-Petrobras raises asset sale goal to $21 bln for 2017-2018 period

SAO PAULO, March 22 (Reuters) - Petróleo Brasileiro SA on Wednesday raised a goal for asset divestitures and partnerships for 2017 and 2018 to $21 billion from $19.5 billion, a sign Brazil's state-controlled oil company plans to expand ventures with peers in segments from refining to oil exploration. In a presentation detailing fourth-quarter results, Petrobras Chief Financial Officer Ivan Monteiro said a recent ruling by Brazil's auditing court TCU regarding the plan will speed up its execu

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UPDATE 1-Italy proposes Profumo as new Leonardo CEO, confirms Eni, Enel chiefs

ROME, March 18 (Reuters) - The Italian Treasury on Saturday proposed that veteran banker Alessandro Profumo be named the new chief executive of defence and aerospace company Leonardo , in a round of new appointments at state-controlled firms.

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Italy proposes Profumo as new Leonardo CEO, confirms Eni, Enel chiefs

ROME, March 18 (Reuters) - The Italian Treasury on Saturday proposed that veteran banker Alessandro Profumo be named the new chief executive of defence and aerospace company Leonardo , in a round of new appointments at state-controlled firms.

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New CEO of Russia's Alrosa committed to diamond miner's strategy

MOSCOW, March 16 (Reuters) - The new chief executive of diamond miner Alrosa said on Thursday he would remain committed to the Russian state-controlled company's strategy, which has focused on mining, selling non-core assets and increasing production organically.