BRASILIA, April 17 (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA said on Friday it has approved a series of credit and sale operations to cover its financial needs for this year.
Petrobras, as the company is known, approved a letter of credit for export from Banco do Brasil for 4.5 billion reais ($1.48 billion) through its subsidiary BR Distribuidora.
16:36 AT&T, Time Warner poised to lobby lawmakers, regulators on proposed $85-billion merger18
12:23 Lockheed Martin's quarterly profit handily beats estimates15
11:41 Caterpillar earnings: 85 cents per share, vs expected EPS of 76 cents16
16:51 Scottrade Sale Nearly Doubles Owner’s Wealth to $4 Billion13