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Deeper Brazil government meddling looms over new Petrobras CEO

Reuters  |  RIO DE JANEIRO 

By Alexandra Alper and Marta NogueiraRIO DE JANEIRO (Reuters) - Growing Brazilian government meddling in Petrobras that prompted its former chief executive Pedro Parente to quit last week now looms over his successor as he seeks to crack on with reforms at the world's most indebted oil company.After a trucker's strike over rising diesel prices paralysed Latin America's largest economy, the government reacted by imposing fuel subsidies, worrying investors who saw it as a sign of new, unwelcome interference in state-run Petrobras.Parente resigned in protest, and former chief financial officer ...

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First Published: Tue, June 05 2018. 05:07 IST