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The Latest Breaking News from Petrobras

US manufacturer Honeywell to pay $200m to settle bribery charges

Parallel investigations were for bribes that Honeywell paid from 2010 to 2014 to get business from Brazil’s Petrobras.

Al Jazeera

Honeywell to pay $160 mn to settle US, Brazil bribe case

New York (AFP) - US industrial giant Honeywell will pay $160 million to settle criminal and civil probes in Brazil and the United States over bribes in order to win business from two national oil companies, the government said Monday.

AFP

Petrobras shares dive on Brazil vote to ease rules on politicians running state firms

Brazil's lower house of Congress voted late on Tuesday to make it easier for politicians to take roles at state-run firms, hammering shares of the state-run oil company, devastated by a political graft scandal over the past decade.

Reuters

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Everything about Petrobras will be discussed with markets, says member of Lula's team

Brazil's incoming government has no intention of causing a "breakdown" of state-run oil giant Petrobras, a member of the transition team said on Thursday, adding that "everything" would be discussed with markets and investors.

Reuters

Former Petrobras executive asks Brazil court to block dividend payment

Guilherme Estrella, former director of Brazil's state-controlled oil giant Petrobras, filed a lawsuit in court to block the payment of dividends by the company. In a late Friday filing, Petrobras reported that Estrella, a former director of exploration and production, requested the blocking of 32.1 billion reais ($6.6 billion) in…

Reuters

With Lula's Win in Brazil, the Left Dominates Latin America

The question now is whether Bolsonaro’s coalition can remain in place once the man himself is out of power.

Reason

Stock Market Closes Lower As Investors Wait For Signs Fed May Start To Ease Rate Hikes

The stock market closed lower Monday as all eyes were on the Fed meeting this week. Chip stocks led declines.

Investors Business Daily

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Brazil Stocks: Oil Giant Petrobras Responds To Lula Win Over Bolsonaro

Brazil stocks fell broadly after Luiz Inácio Lula da Silva won Sunday's runoff presidential election. State-owned Petrobras stock shed 7% Monday morning.

Investors Business Daily

Bolsonaro vs Lula: Who has Brazil's business vote?

Brazil’s main Sao Paulo stock market surged the morning after the first round of the 2022 presidential election, when incumbent Jair Bolsonaro fared better than expected against his leftist rival, Lula. Is this a sign that the financial markets prefer Bolsonaro? And could the tight gap between the two candidates…

France 24

Bolsonaro and Lula face off in Brazil presidential debate

Brazil's main presidential candidates took their gloves off on Sunday and laid into each other in the first presidential debate for the October general election with accusations of corruption and threats to democracy.

Reuters

Brazil's Bolsonaro says Petrobras privatization possible next year

President Jair Bolsonaro said on Friday he has authorized Minister of Mines and Energy Adolfo Sachsida to consider the privatization of oil company Petrobras next year, if the president is re-elected in October.

Reuters

Brazil's Bolsonaro pledges privatizations if re-elected; mum on Petrobras

Brazil's President Jair Bolsonaro did not mention privatizing state-controlled oil company Petrobras in his re-election plan released on Wednesday that promises to continue pursuing policies that reduce the size of the state.

Reuters

IBD Stock of The Day: PBR Stock Eyes New Entry On Strong Petrobras Earnings, Huge Dividend

Petrobras earnings are rising fast, while the Brazilian oil giant offers a massive dividend. PBR stock is near a buy point.

Investors Business Daily

Lower fuel prices push by Brazilian president Jair Bolsonaro hurts Aussie farmers

Brazilian politics might be half a world away but that hasn't stopped a president's populist push from putting pressure on Aussie farmers.

ABC News

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Benzinga

Petrobras (PBR) Output Down, Refinery Utilization Up At 97%

The Brazilian state-owned oil major Petrobras' (NYSE: PBR) oil production dropped in the second quarter due to divestments along with an increase in work stoppages. The company's refinery utilization rate, however, was at a high of 97%.

Reuters

Ecuador's Oriente crude exports suspended, Napo flowing amid force majeure

Exports of Ecuador's flagship Oriente crude remain suspended under a force majeure declaration as the spread of anti-government protests hurts oil output, state-run Petroecuador said on Wednesday.

AFP

Brazil's Petrobras board approves Bolsonaro choice as president

Rio de Janeiro (AFP) - The board of directors at Brazilian oil giant Petrobras on Monday approved President Jair Bolsonaro's pick to be the state-controlled company's chief.

Reuters

Colombia rebels open to talks with new president

The latest in Latin American politics today:

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The Independent UK

Brazil's Petrobras CEO resigns amid pressure over gas prices

The chief executive of Brazil’s state-run oil giant Petrobras resigned amid political pressure from top lawmakers and President Jair Bolsonaro

AFP

Petrobras CEO quits in fuel price standoff with Bolsonaro

Brasília (AFP) - The CEO of Brazil's state-owned oil company Petrobras, who has stayed in his post despite being fired by Jair Bolsonaro in May, resigned Monday after a new fuel price hike that enraged the far-right president.

Tribune News Service

Brazil’s Bolsonaro says Congress will investigate Petrobras

Brazilian President Jair Bolsonaro said on Saturday he already has support from congress to start a probe into state-controlled oil giant Petrobras and its pricing policy.

Reuters

Analysis-Brazil likely to waive over $20 billion in tax revenue as Bolsonaro tries to spur economy

Tax cuts are likely to cost over 110 billion reais ($21.5 billion) in Brazilian tax revenue this year, as President Jair Bolsonaro tries to ease inflation and spur the economy in an election year despite economists' warnings of blowback in 2023.

Reuters

Brazil's Bolsonaro says could split up Petrobras as prelude to privatization

Brazilian President Jair Bolsonaro on Tuesday floated the idea of splitting state-owned Petrobras into various pieces as a prelude to privatizing it.

AFP

Petrobras shares fall after Bolsonaro fires its boss

Brasília (AFP) - The price of shares in Brazil's state oil giant Petrobras fell Tuesday in reaction to President Jair Bolsonaro firing its boss after only 40 days on the job.

AFP

Brazil's Bolsonaro fires third Petrobras chief as fuel prices soar

Brasília (AFP) - Brazilian President Jair Bolsonaro on Monday dismissed the president of state oil giant Petrobras, who had been in the job for only 40 days.

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