Post Profile

Petrobras Funding Options Run Slim As Scandal Deepens

By Guillermo Parra-Bernal SAO PAULO (Reuters) - Brazil's state-controlled oil firm Petrobras may have to hike fuel prices, cut spending or seek a capital injection from the government next year as a widening corruption probe threatens to temporarily leave it out of capital markets. Yet any of those steps would be difficult to implement and may not be enough to fully substitute international bond markets as the company's main funding source, said one banker who helped oversee some of the company's bond offerings in recent years.
read more


Related Posts

Petrobras Says Probe May Implicate Pension Fund; Cuts Off Contractors

Business & Finance : Business Insider: Clusterstock

RIO DE JANEIRO (Reuters) - Brazil's state-run oil company Petrobras on Monday said a growing corruption scandal may implicate its employee pension fund and has led to a freeze on payments to 23 contractors allegedly involved in the ...

Petrobras saga: Brazil’s elite in crosshairs

Business & Finance : Business Report

The corruption scandal at Petrobras has entered a volatile new phase that could lead to jail for some of Brazil's best-known politicians and business leaders. ||| Brasilia/Sao Paulo - A corruption scandal at state-run oil company Pe...

Impact of Petrobras scandal on Brazil banks unknown, official says

Business & Finance : Business Insider: Money Game

SAO PAULO (Reuters) - The impact of a corruption scandal at Brazil's state-controlled oil producer Petróleo Brasileiro SA on the nation's banks will only be learned later, a central bank director said on Thursday. Risks related to p...

Brazil probes link between HSBC Swiss accounts, Petrobras scandal: sources

Business & Finance : Business Insider: Clusterstock

SAO PAULO (Reuters) - Brazil's tax watchdog opened a probe on whether about a dozen people involved in the Petrobras corruption scandal also allegedly had undeclared accounts with HSBC Holdings Plc's private bank in Switzerland, two...

Insight: Brazilian companies push for deal to minimize Petrobras scandal

Business & Finance : Business Insider: Clusterstock

By Brian Winter SAO PAULO (Reuters) - Some of the companies caught up in a massive corruption scandal at state-run oil firm Petrobras are quietly pressing Brazil's government and judiciary to strike a "grand bargain" to minimize the...


Copyright © 2016 Regator, LLC