Related: World's most corrupt industries Petrobras (PBRA) stock has fallen 53% since September when the scandal first erupted. Its credit default swaps, indicating the risk investors attach to the company, soared over 200 basis points this …
Stock indexes were mostly lower ... that the auction of the so-called transfer of rights area may be delayed to 2019. Representatives for Petrobras, as the company is known, and the government did not respond to requests for comment.
SAO PAULO/RIO DE JANEIRO (Reuters) - Brazilian oil giant Petrobras said on Friday its massive share issue could reach $79 billion, expanding what was already the largest stock offer in history in a possible sign of strong investor …
It wasn't in London. It wasn't in New York. It was here in São Paulo," then-President Luiz Inácio "Lula" da Silva said of Petróleo Brasileiro's stock sale, a record at the time. "Petrobras is an extraordinary triumph for Brazil's achievement."
The bull riders weren’t the only ones trying to earn a shot at the big time Saturday. While all 40 bull riders competing in the Northwest Professional Bull Riders Touring Pro Division event at the Casper Events Center were working on earning a …
Additionally, new sources of shale oil are proving more reliable and convenient than such precarious deepwater drilling operations So it's time to sell Petroleo Brasileiro S.A. (NYSE ADR: PBR) (**), before the only thing getting drilled is its …
RIO DE JANEIRO, Jan 22 (Reuters) - Shares in Brazilian state-run energy giant Petrobras shot up on Tuesday after Monday’s sell-off, fueled by a major natural gas discovery that confirms the high potential of the subsalt cluster off …
Jim Chanos spoke with Bloomberg Television anchor Stephanie Ruhle from the Robin Hood Investor’s Conference in New York today. Chanos described Petrobras as a “scheme,” saying that optimism it will benefit if Dilma Rousseff is voted …
The value of Petrobras' stock on the New York Stock Exchange has fallen to $1.70, from about $8 a year ago. Related: Brazil falls deep into recession The foundation says that PwC knew about Petrobras' money laundering but looked the …
Simply put, over the past two years, Petrobras is the worst-performing major oil stock in the world despite most global investors now knowing that Brazil's pre-salt oil fields could, by some estimates, yield 50 billion barrels of oil in the …