Petrobras

Petrobras To Report Q3 Results Amid Debt Default Threat

Petroleo Brasileiro SA, Brazil’s state-run oil company, said it will unveil its much-delayed third quarter financial information in January, amid bondholders pursuing their efforts to declare the company in default as early as this week. A group of investors led by New York-based Aurelius Capital refused to accept a debt restructuring with Argentina, taking the country to court.
Alleged corruption at Petrobras
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