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Scandal Oveshadows Petrobras Record Production Results
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – What started out as a scheduled meeting by Petrobras officials to announce the company’s quarterly operational results turned into a...
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Money Laundering Scheme in Brazil Indicts Twelve Executives
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Federal Police in Brazil has indicted twelve executives from four construction giants being investigated in the Petrobras money...
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Brazil’s Petrobras Releases Third Quarter of 2014 Results
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After twice postponing the release of the third quarter financial results for 2014, Brazilian oil giant Petrobras released the report...
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Petrobras Losses to Corruption May Top US$1.5 Billion
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The investigation which seeks to determine the financial losses to Brazil’s oil giant, Petrobras, due to Operação Lava Jato (Operation...
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Petrobras CEO Steps Down Amid Corruption Scandal
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After months of scandals which have led to a strong devaluation of Petrobras’ shares and a downgrade by a major credit rating company,...
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Brazil’s Lava Jato Turning to Energy Companies in 16th Phase
By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - The sixteenth phase of the Lava Jato (Car wash) investigation has started this morning with a focus on electricity companies,...
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Impact of Lava Jato on Brazil’s GDP Could Reach R$140 Billion
By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - The Lava Jato (Carwash) corruption scandal in Brazil involving oil giant Petrobras and some of the country's largest...
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Senator and Banker in Brazil Arrested for Obstruction
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian Senator, Delcidio Amaral and BGT Pactual Bank’s CEO, Andre Esteves were arrested on Wednesday, accused of obstructing...
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Lula Lawyers Appeal Police Search and Seizures in Brazil
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Yesterday, March 8th, lawyers for the relatives of former President Luiz Inacio Lula da Silva (known as "Lula" in Brazil) appealed the court...
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Peru’s Ex-President Alan Garcia Commits Suicide Ahead of Arrest
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Former Peruvian President Alan Garcia committed suicide on Wednesday morning minutes after being handed a temporary warrant for his...
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