On Wednesday, Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), gained 0.55% to $9.14.
Brazilian President Dilma Rousseff’s strategy of turning to fellow BRIC member China to finance the country’s prized state-controlled oil company is paying off as she and Premier Li Keqiang unveiled $10 billion in Chinese credit.
The fresh funding comes as Rio de Janeiro-based Petrobras seeks to leave behind the biggest crisis of its almost 62-year history. Petroleo Brasileiro SA, as it’s known formally, has been at the center of a corruption scandal that sent shudders through the country’s business and political elites and all but closed access to bond markets, while ill-conceived projects prompted $15 billion in writedowns.
“This shows Petrobras is looking for any alternative to avoid cash-flow problems this year,” Bruno Caloni, an analyst at Coinvalores brokerage, said by telephone from Sao Paulo. “Petrobras is building a trust relationship with China.” Bloomberg Reports.
Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.
Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), inclined 0.26% to $3.91, during its last trading session.
On May 18, SiriusXM declared its exclusive programming to kick off summer throughout Memorial Day weekend across various channels of commercial-free music, premier live sports, and exclusive comedy, entertainment and talk.
Throughout the weekend, subscribers can hear special editions of SiriusXM’s “Town Hall” series, counting Q&A sessions with Seth Meyers, hosted by RECENTLY Show and SiriusXM host Hoda Kotb; and Snoop Dogg hosted by SiriusXM host Ed Lover. Also SiriusXM listeners will hear broadcasts of concerts and performances by Elton John and Reba McEntire, live broadcasts of DJ sets from Electric Daisy Carnival in New York and performances from Live in the Vineyard in Napa by Lifehouse, Melissa Etheridge, Oh Honey, Florida Georgia Line and more.
Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets.
At the end of Wednesday’s trade, Shares of The Gap, Inc. (NYSE:GPS), gained 0.13% to $38.67.
The Gap, declared that its Board of Directors authorized a quarterly dividend of $0.23 per share payable on or after July 29, 2015 to shareholders of record at the close of business on July 8, 2015.
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brand names.
Finally, Mobile Telesystems OJSC (NYSE:MBT), ended its last trade with -2.08% loss, and closed at $11.29.
Mobile TeleSystems, declared its unaudited IFRS financial results for the three months ended March 31, 2015.
Key Financial Highlights of Q1 2015
- Merged group revenue raised 2.7% y-o-y to RUB 100.2 bln
- Total revenue in Russia rose 3.6% y-o-y to RUB 90.4 bln
- Mobile service revenue in Russia improved 3.9% y-o-y to RUB 70.5 billion
- Data traffic revenue in Russia grew 26.0% y-o-y to RUB 18.1 bln
- Handset sales raised 1.2% y-o-y to RUB 6.3 bln
- Group Adjusted OBDA down 2.0% to RUB 41.3 bln
- OIBDA in Russia rose 0.9% y-o-y to RUB 38.2 bln.
Mobile TeleSystems OJSC provides telecommunication services in Russia and the Commonwealth of Independent States. It offers a range of mobile and fixed line voice and data telecommunications services, counting data transfer, broadband, pay-TV, and various value-added services, in addition to sells equipment and accessories.
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