Brazil
Brazil Articles
ThinkstockThere is yet another incident happening in South America, and it just makes you wonder how long the vicious cycle of socialism versus capitalism can be played as a financial and economic...
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Petrobras may still have a slew of problems, but several positive developments have been in the works of late.
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Given all its headwinds, that Petrobras hasn’t sunk to the bottom of Campos basin is something of a miracle.
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Despite all the corruption down in Brazil that Petrobras has spent time in the barrel about, the investing public just loaned Petrobras' global finance unit some $2.5 billion in a whopping 100-year...
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The strong reaction to Petrobras earnings has been tempered by a nearly equally strong reaction to Monday's announcement that the company will issue another $1 billion in debt.
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Petrobras reported better-than-expected first-quarter 2015 earnings after markets closed on Friday afternoon.
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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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