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    1. Defense in Brazil's Petrobras probe trying to change court

      Headlines

      Wed, 26 Nov 2014

      SAO PAULO, Nov 26 (Reuters) - Defendants in a bribery investigation involving Brazil's state-run oil company Petrobras are trying to move the probe to the country's Supreme Court, which has a reputation for moving slowly and letting cases drag on for years.

    2. Brazil's Petrobras to create a head of governance and risk

      Headlines

      Tue, 25 Nov 2014

      RIO DE JANEIRO, Nov 25 (Reuters) - Brazil's state-run oil firm Petroleo Brasileiro SA said on Tuesday its board had approved the creation of a new role of Director for Governance, Risk and Compliance, as the firm battles with allegations of corruption.

    3. UPDATE 2-Brazil's Petrobras says received U.S. SEC subpoena for documents

      Headlines

      Mon, 24 Nov 2014

      RIO DE JANEIRO, Nov 24 (Reuters) - Brazil's state-run oil firm Petroleo Brasileiro SA said on Monday it had received a subpoena from the U.S. Securities and Exchange Commission asking for documents relating to an investigation it is pursuing.

    4. Brazil's Rousseff struggling to limit Petrobras scandal's damage

      Headlines

      Fri, 21 Nov 2014

      SAO PAULO/BRASILIA, Nov 21 (Reuters) - President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage

    5. Tenacious Brazilian judge oversees deepening Petrobras probe

      Headlines

      Thu, 20 Nov 2014

      court cases often drag on for a decade or more and abruptly fall apart on technicalities, the man leading a bribery probe at Brazil's state-run oil firm Petrobras is described by allies and even rivals as perfectly suited to the task.

    6. Morgan Stanley sees Petrobras scandal write-offs of up to $8.1 billion

      Headlines

      Wed, 19 Nov 2014

      SAO PAULO (Reuters) - Petróleo Brasileiro SA could slash the value of its assets by as much as 21 billion reais ($8.1 billion) and cut dividends as a result of an ongoing investigation into alleged graft and money-laundering at Brazil's state-controlled oil producer, analysts at Morgan Stanley & Co

    7. UPDATE 2- Petrobras scandal hits Brazil builders' credit ratings

      Headlines

      Tue, 18 Nov 2014

      (Adds canceled $720-million contract with Iesa Oleo e Gas, paragraph 8)

    8. Petrobras earnings delay clouds bond issuance in early 2015

      Headlines

      Tue, 18 Nov 2014

      NEW YORK, Nov 18 (IFR) - Brazilian state-run oil company Petrobras is likely to put off new debt sales until closer to mid-2015, as it grapples with a money-laundering and corruption investigation...

    9. Brazil's Rousseff responsible for Petrobras graft, opposition says

      Headlines

      Tue, 18 Nov 2014

      SAO PAULO, Nov 18 (Reuters) - Brazil's President Dilma Rousseff is politically responsible for a growing money-laundering and bribery scandal at state-run oil company Petroleo Brasileiro SA, although she was probably not personally involved enough to justify impeachment, the main opposition party's

    10. Corruption Investigation Overshadows Petrobras' Operational Improvement; Lowering Fair Value to $21

      Commentary

      Tue, 18 Nov 2014

      Petrobras held a conference call on Nov. 17 to ..... concerns about the ultimate impact on Petrobras . On a positive note, we do see a key ..... value estimate, we continue to think Petrobras presents a compelling opportunity. It

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