Petroleo Brasileiro Petrobras SA (PBR.N)
|Market Cap (Mil.):||$115,111.00|
|Shares Outstanding (Mil.):||6,522.25|
SAO PAULO, July 18 - Brazil's state-controlled oil company Petróleo Brasileiro SA agreed to sell a stake in a Brazilian natural gas distributor to power holding company Cia Energética de Minas Gerais SA for 600 million reais ($269 million).
NEW YORK - The downing of a Malaysian passenger jet over eastern Ukraine on Thursday is likely to keep fixed income investors shunning Russia, and eastern Europe more broadly, in favor of other emerging markets.
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July 17 - The following corporate finance-related stories were reported by media:
SAO PAULO, July 16 - Brazil's state-controlled oil company Petróleo Brasileiro SA is in talks to sell the 40 percent stake it owns of a Brazilian natural gas distributor to electricity holding company Cia Energética de Minas Gerais SA .
TOKYO - Nansei Sekiyu KK, a Japanese refiner wholly owned by Brazil's Petrobras , said it suspended oil refining operations at its 100,000 barrels-per-day Nishihara refinery in Okinawa, southwest of Japan, on Monday evening due to an approaching typhoon.
BRASILIA - New oil rights awarded this week will saddle Brazilian state-run oil company Petrobras with at least $26 billion of new costs by 2030 and further delay efforts to reduce debt below an internal target, according to a Friday presentation.
RIO DE JANEIRO, June 27 - Ratings firms expressed concern on Friday about a Brazilian government decision to sell billions of dollars worth of offshore oil rights to Petrobras, saying the move will weigh on the state-run oil company's cash flow and credit-worthiness.
June 27 - (The following statement was released by the rating agency)
SAO PAULO, June 26 - Brazil's Petrobras may have to pay as much as 22 billion reais ($10 billion) by 2018, or 50 percent more than first announced, for new offshore oil rights that a cash-hungry government decided to sell the state-run oil company on Tuesday.
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