Petrobras Dividends Under Fire by Cash-Strained Lula.

(Bloomberg) -- It didn't take long for Brazil's state-controlled oil giant Petrobras to come under fire from President Luiz Inacio Lula da Silva, who is struggling to avert a major slowdown in Latin America's largest economy. Even so, the government has strongly denied it's intervening in Petrobras's internal decisions and said fuel prices were above international levels before the company adjusted them lower. Gleisi Hoffmann, the speaker of the lower house and a Lula ally, summed up the ruling Workers' Party position in a tweet, where she called for an end to the "indecent distribution of dividends" and more "fair" fuel prices. [Extracted from the article]