BBC Article: Brazil’s state-run oil company, Petrobras has taken a $2bn (£1.3 bn) charge for costs related to corruption. The company has published accounts for last year showing an overall loss of $7.2bn. The company’s results also included an impairment charge of $14.8bn reflecting the decreased value of its assets.
The Economist Article: Nearly as ominous as the economic cloud hovering over Dilma Rousseff is the scandal surrounding Petrobras, the state-controlled oil company. It nearly cost her re-election, and could yet spoil her second term as Brazil’s president. The affair began in March, when federal police arrested Paulo Roberto Costa, Petrobras’s chief of refining from […]