Petrobras reports record loss as Brazil crisis churns
Petrobras, which is at the center of an explosive corruption scandal that has wrought chaos on Brazilian politics, said it lost $9.6 billion last year, the worst result since its founding in 1953.
Mar 22, 2016, 10:16 AM ISTPetrobras to cut 5-year investment plan one-fifth to $80 bn: Sources
Brazil`s Petrobras will slash its five-year investment plan by about one-fifth next month as low oil prices, massive debt and fallout from a corruption scandal hobble its ability to fund offshore projects
Mar 02, 2016, 12:57 PM IST