The economy of Sao Paulo, Brazil, once a major bright spot for the country, is now taking a serious downturn. The labor market in the industrial city is declining rapidly, as nearly 20,000 jobs are […]
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Tag: Petrobras
Brazilian Oil Company Petrobras Will Be Hit With Record Breaking Corruption Penalties
Brazilian oil giant Petroleo Brasileiro SA (Petrobras) could be facing penalties of $1.6 billion to settle corruption charges uncovered during U.S. civil and criminal investigations. According to an unidentified official source who has been briefed […]