Brazil’s Petrobras Registers R$3.76 Billion Loss in Q3
Despite recent company troubles, foreign investors continue to show interest in Brazil's oil giant.
November 13, 2015Topic
Petrobras
Only Ten Workers Remain at Petrobras Plant During Strike
Approximately ten oil workers remain on call at the São Paulo refinery, working up to sixteen-hour shifts to keep machines...
November 11, 2015
Oil Workers Strike in Brazil for Wages, Investments, Assets
Strikers are protesting against Petrobras’ asset sales, investment cuts, project suspensions, and reduction of workers' rights.
November 3, 2015
Shrinking Petrobras Investments Lead to Reduction of Brazil’s GDP
A reduction in investments by Petrobras is expected to be responsible for at least a two percent contraction in the...
October 22, 2015
Brazil Congress Sees Petrobras as Victim of Corruption
According to the findings Petrobras was a victim of a cartel set up by construction and engineering companies counting on...
October 20, 2015Brazil’s Petrobras Announces Reduction in Investments
The announcement of US$ 11 billion cut in investments was well received by the market and company's stock prices rose.
October 7, 2015
Brazil’s Petrobras to Layoff 5,000 Third-Party Workers
The company approved the non-renewal of third-party contracts, a reduction of over five thousand employees.
September 21, 2015
Investigations Probe into Rousseff’s Re-Election Campaign in Brazil
Judge Gilmar Mendes at Brazil's federal electoral court (TSE) asked prosecutors to investigate several leads hinting at potential illegal financing...
August 26, 2015
Brazil’s Collor and Cunha Charged with Corruption
Charges against the president of Brazil’s Chamber of Deputies and the former President, were filed as part of the on-going...
August 21, 2015