(Bloomberg) — Brazil President Luiz Inacio Lula da Silva will push the new head of Petroleo Brasileiro SA to speed the pace of investments into refineries and expand its natural gas supplies after ousting the state-run oil company’s chief executive officer, people familiar with his plans said. Most Read from Bloomberg Lula’s firing of Jean […]
By Marta Nogueira, Sabrina Valle and Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil’s state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the […]
RIO DE JANEIRO (Reuters) – Shares of Brazil’s Petrobras plunged 8% on Wednesday after the state-run oil firm said its chief executive would step down, to be replaced by a former regulator with views closer those of President Luiz Inacio Lula da Silva. Industry analysts expressed concern, as CEO Jean Paul Prates was seen as […]
(Bloomberg) — Brazil’s President Luiz Inacio Lula da Silva fired Jean Paul Prates, the chief executive of the country’s state-owned oil company, Petroleo Brasileiro SA, following a dispute over dividend payments. Most Read from Bloomberg The firing was confirmed by people familiar with the matter, who asked not to be identified discussing private matters. Petrobras, […]
Brazil’s President Luiz Inacio Lula da Silva on Monday put off a state visit to Chile to focus on the historic floods in the south of the country that have left 147 dead. The presidency said that the trip would no longer take place as scheduled on May 17 and 18, due to the “need […]
By Leonardo Benassatto, Andre Romani, Lisandra Paraguassu CANOAS, Brazil (Reuters) -Brazilian President Luiz Inacio Lula da Silva asked Congress on Monday to recognize a state of public calamity for the heavy rains that have killed at least 85 people in the country’s southernmost state of Rio Grande do Sul. More than 130 people are still […]
(Bloomberg) — Brazil’s President Luiz Inacio Lula da Silva and key cabinet members arrived Sunday in the country’s south where record-breaking floods have shut-down a main airport and submerged neighborhoods, leaving dozens dead and many others missing. Most Read from Bloomberg Heavy rains over the state of Rio Grande do Sul caused main rivers to […]
BRASILIA, Brazil (AP) — Thousands of Indigenous people marched on Thursday in Brazil’s capital, calling on the government to officially recognize lands they have lived on for centuries and to protect territories from criminal activities like illegal mining. With posters bearing messages like, “The future is Indigenous,” they walked towards Three Powers Square, where Congress, […]
(Bloomberg) — Brazil’s state-controlled oil producer Petrobras is getting behind President Luiz Inacio Lula da Silva’s plans to revive shipyards as part of a wider effort to expand industrial activity in Latin America’s largest economy. Most Read from Bloomberg Petrobras Chief Executive Officer Jean Paul Prates on Thursday said Brazil should have a strong naval […]
(Bloomberg) — Argentina’s President Javier Milei has extended an olive branch to Brazil’s Luiz Inacio Lula da Silva, whom he has repeatedly called a “communist,” by proposing an encounter to thaw high-level relations between the neighboring countries. Most Read from Bloomberg On a trip to Brasilia and Sao Paulo this week, Foreign Minister Diana Mondino […]
(Bloomberg) — Petrobras head Jean Paul Prates is set to remain in charge of Brazil’s state-controlled oil giant for now, as an internal government battle over the company’s chief executive role cools down, according to people with knowledge of the matter. Most Read from Bloomberg A dispute over the job erupted inside President Luiz Inacio […]
VATICAN CITY (AP) — Pope Francis met Wednesday with a leader of Brazil’s Yanomami people, who asked for papal backing for President Luiz Inácio Lula da Silva ’s efforts to reverse decades of exploitation of the Amazon and better protect its Indigenous peoples. Davi Kopenawa, a Yanomami shaman, said he came to the Vatican at […]