petrobras

Anadolu Agency

SÃO PAULO — Brazil’s Supreme Court on Friday released the names of senior politicians it has authorised prosecutors to investigate for their alleged roles in a multi-billion-dollar corruption scandal at state-run oil giant Petrobras.

Supreme Court minister Teori Zavascki granted investigations into 47 politicians, including 12 acting senators and 22 acting deputies, under Operation Lava Jato, or Car Wash, that is probing the vast alleged kickback scheme.

Some of Brazil’s top politicians — including acting and former congressional leaders, senators, deputies, ministers, governors, and even a former president — could now face prison sentences, if tried and convicted.

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Anadolu Agency

SÃO PAULO — Stocks and bonds of Brazilian state-controlled oil giant Petrobras slumped on Wednesday, after Moody’s stripped the company of its investment grade rating.

Petrobras shares on the São Paulo Bovespa stock exchange fell sharply on opening, and were still down 7 percent by 1 p.m. in the city (GMT1600), with the Ibovespa index down more than 1 percent at the same time.

The New York-based credit ratings agency announced late on Tuesday its decision to downgrade Petróleo Brasileiro SA, as Petrobras is formally known, by two notches from Ba2 to Baa3 — from investment grade to speculative or “junk” territory. Read Full Article

Anadolu Agency*

SÃO PAULO — Brazilian voters have been largely unmoved by accusations which surfaced this week of a major political scandal involving state-run oil company Petrobras, allegedly implicating an array of top political figures, the latest poll published on Wednesday shows.

The most recent Datafolha poll, which surveyed 10,568 eligible voters across the country on 8-9 September, shows a widening gap between the top two candidates in the first round — incumbent president and Workers’ Party (PT) candidate Dilma Rousseff, and environmentalist Socialist Party (PSB) candidate Marina Silva — who scored 36 percent and 33 percent, respectively.

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Anadolu Agency

SÃO PAULO – The Brazilian government has been “regulating” fuel and energy rates to stave off higher inflation, President Dilma Rousseff’s Chief of Staff told the Folha de S.Paulo newspaper on Wednesday.

In his first major interview since taking up the ministerial position, Aloizio Mercadante denied Brazil was “controlling prices,” but admitted the country had mechanisms for delaying price rises in certain areas to minimise the impact on inflation.

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Anadolu Agency

SÃO PAULO – Brazilian President Dilma Rousseff has been accused by rival presidential hopefuls of using a May Day speech broadcast on national television and radio for her own gains ahead of this year’s elections.

Rival presidential pre-candidates senator Aécio Neves, of the main opposition Brazilian Social Democracy Party (PSDB), and former governor Eduardo Campos of the Brazilian Socialist Party (PSB), launched a scathing attack on Thursday over the president’s national address, which they criticised as being directed towards general elections set for 5 October.

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