Edition:
India

Gram Slattery

UPDATE 2-Brazilian state Espirito Santo to sell gas distributor via Sao Paulo exchange

26 Nov 2020

BRASILIA/RIO DE JANEIRO, Nov 25 Brazilian state Espirito Santo plans to relinquish control of its gas distribution company by selling 25% of the company's stock in an operation managed by the Sao Paulo stock exchange, officials told Reuters on Wednesday.

Vale CFO pledges will not 'overflow' the iron ore market

11 Nov 2020

RIO DE JANEIRO Brazilian miner Vale SA will place caution before capacity as it seeks to avoid driving down the iron ore market and presses forward with its recovery from a deadly dam break in 2019.

Brazil's Petrobras hunts for buyers in India as oil exports take off

10 Nov 2020

RIO DE JANEIRO As Brazil's state-controlled Petrobras rapidly boosts oil output and exports, executives are looking to a new market: India.

Reuters Summit: Brazil's Petrobras hunts for buyers in India as oil exports take off

09 Nov 2020

RIO DE JANEIRO As Brazil's state-controlled Petrobras rapidly boosts oil output and exports, executives are looking to a new market: India.

Brazil's Petrobras says major divestments nearing finish line

30 Oct 2020

RIO DE JANEIRO Petrobras is in the advanced stages of several major divestments, executives said on Thursday, indicating that the company's ambitious deleveraging program may quicken after a pause during the worst of the coronavirus outbreak in Brazil.

Brazil's Petrobras posts solid margins, but one-off charges hit profits

29 Oct 2020

RIO DE JANEIRO Brazil's Petrobras posted an unexpected loss thanks to substantial non-recurring fiscal charges, even as operating earnings were bolstered by a recovery in fuel sales and oil revenue.

Brazil's Petrobras boosts production outlook in recovery from COVID-19 halts

21 Oct 2020

RIO DE JANEIRO Brazilian state-run oil company Petrobras said on Tuesday that 2020 production should exceed previously disclosed estimates, as the firm ramps up production at some of its most prolific offshore oilfields.

Brazilian miner Vale hints at fourth-quarter production boost

20 Oct 2020

RIO DE JANEIRO Brazilian mining company Vale SA reported on Monday an increase in iron ore output in the third quarter and predicted a further boost in fourth-quarter output at some units, as a number of mines ramp up production or come online.

Foreign-backed consortium in talks for Petrobras gas fields in Brazil, sources say

08 Oct 2020

RIO DE JANEIRO/SAO PAULO A consortium of Brazil's 3R Petroleum and Norway-linked DBO Energy is in bilateral talks with Brazil's Petrobras to purchase a cluster of offshore natural gas fields, according to two sources with direct knowledge of the matter.

UPDATE 2-Brazil's Car Wash corruption probe eyes Petrobras bunker fuel deals

07 Oct 2020

RIO DE JANEIRO/SAO PAULO, Oct 7 Brazilian police on Wednesday expanded the Car Wash corruption investigation to alleged kickbacks valued at $8 million on contracts for bunker fuel bought by state-controlled oil company Petroleo Brasileiro SA for its fleet of tankers.

World News

Biden picks diverse team of top economic advisers

President-elect Joe Biden named former Federal Reserve Chair Janet Yellen as his Treasury secretary nominee on Monday, and named three women to other top economic posts, setting the stage for a more diverse White House.