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Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) Reports Loss of $7.2 billion

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) has reportedly lost a massive $2 billion in bribery related costs. The company announced a total loss of about $7.2 billion on Wednesday. Petrobras’ CEO and five other high-ranking officials have resigned over the scandal. The former executives of the company have been accused by Federal prosecutors of diverting […]

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