Brazil

Petrobras reports earnings without graft writedowns despite delays

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RIO DE JANEIRO - Brazil's Petrobras released delayed unaudited third-quarter results on Wednesday, but the state-run oil company's shares slumped as it left investors in the dark over the financial impact of a multibillion-dollar corruption scandal.

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Petrobras reports earnings without graft writedowns despite delays 5:25pm GMT

RIO DE JANEIRO - Brazil's Petrobras released delayed unaudited third-quarter results on Wednesday, but the state-run oil company's shares slumped as it left investors in the dark over the financial impact of a multibillion-dollar corruption scandal.

UPDATE 4-Petrobras reports earnings without graft writedowns despite delays 5:24pm GMT

RIO DE JANEIRO, Jan 28 - Brazil's Petrobras released delayed unaudited third-quarter results on Wednesday, but the state-run oil company's shares slumped as it left investors in the dark over the financial impact of a multibillion-dollar corruption scandal.

EMERGING MARKETS-Brazil's Bovespa dragged down by Petrobras plunge 4:01pm GMT

SAO PAULO, Jan 28 - Brazil's main stock index sank on Wednesday as shares of state-run oil company Petrobras plunged on concerns over potential losses stemming from a multibillion-dollar corruption scandal.

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Brazil's Petrobras decides not to take graft writedown - paper 2:25am GMT

RIO DE JANEIRO - Brazil's state-run oil company Petrobras decided on Tuesday not to take a corruption-related charge against earnings on its delayed third-quarter results after the board failed to agree on the extent that graft has inflated the value of its assets, the Globo newspaper reported citing an unnamed company source.

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Brazil's Rousseff urges cabinet to back belt-tightening 27 Jan 2015

BRASILIA - Brazil's President Dilma Rousseff urged her cabinet on Tuesday to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term.

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Brazil's Rousseff urges cabinet to back belt-tightening 27 Jan 2015

BRASILIA - Brazil's President Dilma Rousseff urged her cabinet on Tuesday to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term.

UPDATE 2-Brazil's Rousseff urges cabinet to back belt-tightening 27 Jan 2015

BRASILIA, Jan 27 - Brazil's President Dilma Rousseff urged her cabinet on Tuesday to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term.

Brazilian malls, supermarkets forecast slowdown after weak 2014 27 Jan 2015

SAO PAULO, Jan 27 - Brazilian mall and supermarket associations on Tuesday forecast slowing sales growth after a weak 2014, with revenues scarcely keeping up with inflation and store openings as consumer sentiment sours.

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Petrobras may book $20 billion asset write-down: Veja magazine blog 26 Jan 2015

SAO PAULO - Brazilian state-controlled oil company Petróleo Brasileiro SA could take a charge of about 52 billion reais (£13 billion) in its delayed third-quarter results to reduce the value of some assets, a Veja magazine blog said on Monday.

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Greek PM Tsipras freezes privatisations, markets tumble

ATHENS - Leftwing Greek Prime Minister Alexis Tsipras threw down an open challenge to international creditors on Wednesday by halting privatisation plans agreed under the country's bailout deal, prompting a third day of heavy losses on financial markets.