How is it possible for M* to have a ***** rating for PBR when all the news for the last several months has been about ..... Jones . Not to mention, wouldn't it be appropriate to reassess PBR in light of the turmoil in the oil industry over the last many
SAO PAULO (Reuters) - 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.
(Recasts throughout with Rousseff speech, call for national anti-corruption pact)
SAO PAULO, Dec 18 (Reuters) - Brazilian President Dilma Rousseff vowed on Thursday to help implement the toughest corporate governance standards at state-controlled oil producer Petróleo Brasileiro SA, which is grappling with the worst corruption scandal of its history.
BRASILIA, Dec 18 (Reuters) - 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.
RIO DE JANEIRO (Reuters) - A Brazilian congressional investigative committee issued its final report on alleged corruption at state-run oil company Petroleo Brasileiro SA on Thursday with a recommendation that prosecutors file charges against 52 people.
RIO DE JANEIRO, Dec 17 (Reuters) - BNDES has no plans to make an extraordinary loan to Petroleo Brasileiro SA to help Brazil's state-run oil company get through a cash crunch made worse by a growing corruption scandal, Luciano Coutinho, president of the state-run development bank, said on ...
(Adds Petrobras comment, impact of scandal on company, expected impact on 2015 spending, output)
BRASILIA, Dec 17 (Reuters) - 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.
SAO PAULO, Dec 16 (Reuters) - The cost of borrowing common shares of Petróleo Brasileiro SA in Brazilian equity markets more than doubled over the past month as investors bet that a corruption scandal engulfing the state-run oil producer will further depress its stock.