Brazilian President Dilma Rousseff Cleared in Petrobras Corruption Scandal

Brazilian President Dilma Rousseff has been cleared of wrongdoing in the Petrobras scandal by a parliamentary commission report released Monday, Telesur English reported. Commission spokesman Deputy Luiz Sérgio Nóbrega de Oliveira said the report found there was no proof in any of the examined documents that Rousseff or her predecessor Luiz Inácio Lula da Silva were involved in the energy giant’s […]

Pimco Sues Brazil’s Petrobras for Fraud

Add giant investment firm Pacific Investment Management Co. to the list of entities suing Brazil’s troubled state-run oil company Petroleo Brasileiro SA. California-based Pimco claims… Full Story: http://www.marketwatch.com/story/pimco-sues-brazils-petrobras-for-fraud-2015-10-20-111032522

Petrobras Scandal Hits Working Class

The Gist: “We are in a strange situation where we want things to be cleared up, but at the same time we need our jobs so we kind of wish things had just been left as they are,” said Priscila de Lima, who was fired by Petrobras… “Everyone in our building was told that there […]