Following Lula's instructions, Prates submitted a note to Petrobras' board to discuss an early termination of his mandate “in a negotiated manner” after taking over as company CEO in January ...

President Luiz Inácio Lula da Silva has ordered a reshuffle at the top of Brazil's state-run oil company Petrobras, with Magda Chambriard replacing Jean-Paul Prates as CEO, Agencia Brasil reported.

Prates reportedly is due to meet Lula later on Monday, but he told Reuters the meeting had been scheduled before last week's proposal and vote. Following Friday's decline, Morgan Stanley ...

Brazil’s President Luiz Inácio ‘Lula’ da Silva has signed a long-awaited offshore ... The legislation had originally been introduced by former Petrobras CEO Paul Prates. But the state-run oil giant ...

SAO PAULO — (AP) — Brazilian President Luiz Inácio Lula da Silva is recovering in an intensive care unit after undergoing unplanned surgery for an intracranial hemorrhage, doctors said Tuesday.