Brazil Daily

⏳ Petrobras running against the clock

Good morning! Today, the continuing Petrobras debacle. Jair Bolsonaro’s attempt to hold inflation down. And the battle over an island paradise.

Bolsonaro 0-for-2 in Petrobras leadership nominations

petrobras ceo chairman
Photo montage: André Chiavassa/TBR

Over the weekend, football executive Rodolfo Landim turned down the government’s offer to become the new chairman of the Petrobras board. Then, on Monday, Adriano Pires – whom President Jair Bolsonaro wanted to make the company’s new CEO – also retracted his name from the hat.

What’s happening? Mr. Pires has worked as a consultant for oil and energy companies for decades and has established business relationships with Petrobras partners and clients. Prosecutors within...

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