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India

Gram Slattery

Exclusive: Petrobras ignored warnings about fuel broker implicated in graft probe

13 Jun 2019

RIO DE JANEIRO Brazil's Petrobras found suspicious activity in its oil trading business - and failed to stop it - six years before an alleged bribery scandal erupted in that unit in 2018, according to three people with knowledge of the situation and documents seen by Reuters.

Argentina's Macri chooses moderate running mate in move to broaden base

12 Jun 2019

BUENOS AIRES Moderate Argentine Senator Miguel Pichetto will run as vice-presidential candidate with President Mauricio Macri in October's election, the two politicians said on Tuesday, a selection that could help broaden the struggling leader's voter base.

UPDATE 1-Slow landslide at Vale's Gongo Soco reduces risk to dam

31 May 2019

RIO DE JANEIRO, May 31 A closely watched embankment at a Brazilian iron ore mine run by Vale SA has begun to slide slowly into the bottom of a mining pit, the company said on Friday, reducing concerns that a sudden landslide would trigger a dangerous dam collapse.

UPDATE 1-U.S. CFTC queries Brazil's Petrobras on trading activities

30 May 2019

RIO DE JANEIRO, May 30 Brazil's Petrobras has received an information request from the U.S. Commodity Futures Trading Commission regarding its trading activities, the state-run oil firm said on Thursday, after prosecutors found evidence of fraud in deals with major traders.

UPDATE 1-Brazil prosecutors call for arrest of Bradesco branch managers, criticize bank

28 May 2019

RIO DE JANEIRO, May 28 Prosecutors in Brazil criticized compliance standards at Brazilian bank Banco Bradesco SA on Tuesday, after requesting that a federal court issue an arrest warrant for two branch managers allegedly involved in a vast money laundering scheme.

Brazil's top court set to decide on Petrobras divestments Thursday

28 May 2019

BRASILIA/RIO DE JANEIRO, May 28 Brazil's Supreme Court is set to issue on Thursday a key decision that could hold up billions of dollars of divestments by oil company Petroleo Brasileiro SA and other state-run firms.

Brazil's Petrobras nears sale of offshore oilfields: sources

28 May 2019

RIO DE JANEIRO Brazil's Petroleo Brasileiro SA is nearing the sale of two oilfields in a process that could fetch around $1 billion and aid the state-run oil firm in its bid to reduce debt.

Brazil's Petrobras nears sale of offshore oilfields -sources

28 May 2019

RIO DE JANEIRO, May 28 Brazil's Petroleo Brasileiro SA is nearing the sale of two oilfields in a process that could fetch around $1 billion and aid the state-run oil firm in its bid to reduce debt.

Petrobras removes three banks from BR Distribuidora privatization -sources

17 May 2019

RIO DE JANEIRO/SAO PAULO, May 17 Brazilian state-run oil firm Petroleo Brasileiro SA has removed three banks from the privatization process of fuel distribution unit Petrobras Distribuidora, four sources with knowledge of the matter told Reuters this week.

UPDATE 2-Petrobras executives point to production boost after lukewarm results

09 May 2019

RIO DE JANEIRO, May 8 Oil and gas production at Petroleo Brasileiro SA is on the rise, executives said on Wednesday, telling analysts that the company was on course to hit its annual production target despite lagging output in the first three months of the year.

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