Brazil 69th in Transparency International’s Corruption Ranking
For Transparency International corruption is a problem for all economies with more than two thirds of the countries scoring poorly.
December 4, 2014Topic
Petrobras
Brazil’s CB Freezes R$47 Million in Assets from Lava Jato Scheme
The money-laundering scheme may have led to over R$12 billion in losses for brazil.
November 21, 2014
Scandal Oveshadows Petrobras Record Production Results
Instead of talking about record oil production numbers in October, Petrobras president explained why the third quarter financial results were...
November 18, 2014
Brazil Arrests Another 36 in Money-Laundering Operation
The federal police operation also issued search and seizure warrants and blocked million worth in assets.
November 15, 2014
Opinion: A Smidgen on the Easy Life
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL - Yesterday’s news is that the Lava-Jato (“Car Wash”) investigation being carried...
November 15, 2014
Officials in Brazil Ask SBM For Help in Bribery Investigation
Brazilian government is looking into allegations of illegal payments by Dutch company to Petrobras employees and former directors.
November 14, 2014
Petrobras Increases Prices of Gasoline, Diesel Fuel at Refineries
The increase in fuel prices is an attempt by the government to decrease Petrobras' multi-million debt.
November 7, 2014
Brazil’s Stock Market Tumbles With Rousseff Re-Election
Some of the largest losses were seen in state-controlled companies, such as Petrobras, Eletrobras and Banco do Brasil.
October 28, 2014
Petrobras Executive Refuses to Testify Before Congress: Daily
Scandal at state-controlled oil giant has Rousseff Administration scrambling for damage control.
September 18, 2014