Petrobras Brazil Value Investing

Petrobras Downgraded As Brazilian Police Target Political Officials

Brazilian federal police are interested in talking to political officials about potential corruption involving the state-run oil company, Petrobras, as the stock is downgraded by two firms.
Treasurer of Brazil's ruling party under investigation, but no charges
Reuters is reporting that former Petrobras executive Pedro Barusco is accusing the treasurer of the country’s ruling Workers’ Party, João Vaccari Neto, of diverting up to $200 million . . .

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