Rio’s residential real estate market jumps 55% and once again attracts wealthy foreigners
The 21% drop in the Brazilian Real against the dollar since early 2020 has encouraged the search for bargains in...
June 7, 2021Topic
Lava Jato scandal
Brazil’s Petrobras Sells Pasadena Refinery to Chevron
Petrobras America Inc. (PAI), a Petrobras subsidiary, signed a purchase and sale agreement on Wednesday with Chevron USA Inc. for...
January 31, 2019
Opinion: What Anti-Temer Protests Show of Brazilians
Opinion by Jeb Blount - I’ve rarely been as depressed about Brazil’s future as I was watching the giant Brazil-wide...
May 31, 2017
Brazil’s Petrobras Settles Four Individual Lawsuits in the U.S.
Company estimates the total cost of settlements paid in 2016 to be approximately US$372 million.
March 1, 2017
Rolls-Royce to Pay US$25 Million for Bribery in Brazil’s Lava Jato
Ex-Petrobras manager Pedro Barusco, told prosecutors he received US$200,000 from Rolls-Royce for contracts of gas turbines for oil rigs to...
January 17, 2017
Brazil’s Petrobras Recovers R$204 Million from Lava Jato
The company's CEO hopes to obtain a total of R$5.5 billion back from kickbacks and bribes taken by former company...
November 21, 2016
Odebrecht Ready to Close Deal With Prosecutors in Brazil
Former executive is expected to name politicians, state governors, former presidents , as well as current cabinet members in corruption...
October 25, 2016