Petrobrass loss

Petrobras takes $17 bn charge in wake of scandal, promises ''normality''

Brazilian state-run oil company Petrobras reported its biggest-ever loss on Wednesday, the result of a 50.8-billion-real ($16.8 billion) write-down in the wake of a massive corruption scandal.

Apr 23, 2015, 09:28 AM IST

Brazil`s graft-hit Petrobras reports $7.2 bn loss in 2014

Brazil`s scandal-hit state oil giant Petrobras lost $7.2 billion last year, it said Wednesday, releasing its first audited account of the damage from a massive kickbacks scheme.

Apr 23, 2015, 07:29 AM IST