Corruption Pervades Brazil’s Fragile Economy $PBR, $OIL Brazil’s state Crude Oil giant Petrobras (NYSE:PBR) estimates it paid out some 6-B Reals (US$2-B) in illegal “commissions” as part of a corruption scheme that operated for years. Regional daily Folha de Sao Paulo Friday reported that according to Petrobras sources, the sum represents 3% of all the […]
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