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 ...

Prates, in response, requested a meeting with Lula to seek a show of support as rumors that his firing was imminent swirled. The result was a turbulent end of the week for markets, with the ...

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.

Brazilian President Luiz Inacio Lula da Silva on Wednesday rejected U.S. President Donald Trump's proposal to take over the ...

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 ...