Petrobras Losses to Corruption May Top US$1.5 Billion
Due to Operação Lava Jato losses to the company this year alone could go as high as R$150 million.
January 30, 2015
Domestic Air Travel in Brazil Grew in 2014
Despite the country's economic woes, data shows that domestic air travel grew slightly last year.
January 29, 2015
Brazil’s Rousseff Urges Cabinet to Reduce Spending
President said that corruption investigations must be rigorous and punishment to those found guilty of wrongdoing, severe.
January 28, 2015
Brazil’s Petrobras Releases Third Quarter of 2014 Results
The twice delayed financial results for the third quarter of 2014 do not include losses expected due to corruption scandal.
January 28, 2015
Brazil Registers Record Deficit in Current Accounts
Brazil’s current accounts in 2014 registered a record deficit of US$90.948 billion, according to data released by Brazil’s Central Bank...
January 26, 2015
Ex-Petrobras Director Got US$1.5 Million For Pasadena Deal
Petrobras paid US$ 360 million for fifty percent of the refinery, which had been purchased by Astra Oil for US$...
January 23, 2015
Brazil has the 4th Costliest Big Mac in the World
The survey shows that the Big Mac is more expensive in Brazil than in any other country in the Americas.
January 23, 2015
Brazil to Adopt Actions to Assure Energy Generation
A blackout, which lasted approximately an hour, was felt in eleven states and the capital, Brasilia, on Monday afternoon.
January 21, 2015
Brazil Increases Taxes on Fuels, Imports and Credit
Government seeks to obtain an extra R$20.6 billion in revenues with the measures.
January 20, 2015