By Luciana Magalhaes And Paul Kiernan
Maria das Gracas Silva Foster, the chief executive of Brazilian state-run oil company Petrobras, stepped down on Wednesday amid a growing corruption scandal, leaving vacant one of the most high-profile and demanding jobs in Latin America.
FORT WORTH, Texas , December 23, 2014 /PRNewswire/ --
Elbit Systems of America, LLC, a subsidiary of Elbit Systems Ltd., announced today that it received a directed subcontract from the Brazilian Navy to upgrade four Grumman C-1A aircraft.
AZOUR, Israel , December 15, 2014 /PRNewswire/ --
Ituran Location & Control Ltd.'s (NASDAQ: ITRN, TASE: ITRN) ("Ituran") today announced that the Administrative Court in São Paulo, Brazil sided with Ituran and dismissed the appeal by the State Revenue Services of São Paulo against Ituran's Brazilian Subsidiary with regard to a tax deficiency notice.
By Rogerio Jelmayer
SÃO PAULO--Brazilian President Dilma Rousseff's approval rating fell to a record low for her amid Brazil's poor economic performance and corruption allegations involving the state-run energy company, poll results showed Sunday.
By Tapan Panchal
LONDON--British American Tobacco PLC (BATS.LN) said Monday it is evaluating a possible offer to acquire the remaining 24.7% shares in Brazilian tobacco company Souza Cruz SA (CRUZ3.BR) that it doesn't already own.
By Will Connors
RIO DE JANEIRO--The Brazilian real fell to its lowest level against the dollar in more than 10 years on Tuesday, as weak economic growth figures, a countrywide drought and a corruption scandal at state-run oil firm Petrobras continued to weigh on the currency.
~ Secures 19.5% stake; Includes option to acquire additional 40.5% ownership position ~~ New manufacturing operations in the Americas bolsters Greenbrier's growing global portfolio
~~ Partnership with market leading railcar manufacturer in rapidly expanding market LAKE OSWEGO, Ore.
RIO DE JANEIRO--Federal prosecutors in Brazil said Friday they are seeking roughly $1.5 billion in compensation from six companies accused of paying bribes to state-run oil firm Petroleo Brasileiro SA, and are looking to ban those companies from government contracts, the latest step in a corruption scandal that has rattled Brazil's biggest construction firms.
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