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Analysis-In Petrobras Dividend Spat, CEO Navigates Lula's Divided Cabinet usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The fallout from a missing Petrobras dividend may have shifted the balance in a tug-of-war between the CEO of the state-run firm and the energy minister holding sway over its board. Chief Executive Jean Paul Prates saw his proposal for an extraordinary dividend, widely expected by shareholders, go down in flames last Thursday, blocked by government-appointed board members. The next day Petrobras shares plunged more than 10%. ....
Brazil s state-run oil company Petrobras Chief Executive Jean Paul Prates said on Monday that he is not planning to leave his role after a board decision to withhold extraordinary dividends. ....
Brazil s state-run oil firm Petrobras will this year start buying stakes in domestic onshore wind and solar projects to create a roughly 2 gigawatts renewable energy portfolio, the firm s. ....
Heavy rains that buffeted Brazil's Rio de Janeiro state this weekend have killed at least 11 people, according to the state fire service. The rains flooded streets, the capital city's metro line and peoples' homes, bringing down trees and causing landslides. Rio's Mayor Eduardo Paes announced a state of emergency while President Luiz Inacio Lula da Silva's government offered federal support. ....