Thursday, June 2, 2016

UPDATE 1-New Petrobras chief vows turnaround without gov't bailout

RIO DE JANEIRO, June 2 (Reuters) - Pedro Parente, new chief

executive of Brazil's state oil company Petrobras, on

Thursday attacked the way the company has been run in recent

years, noting heavy debt and government control of fuel prices,

vowing to change its culture and improve financial health

without a government bailout.

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