Brazilian builder ​Andrade Gutierrez to admit 2014 World Cup bribes: Folha paper

Brazilian builder ​Andrade Gutierrez to admit 2014 World Cup bribes: Folha paper

 Brazilian builder Andrade Gutierrez will confess to paying bribes for 2014 FIFA World Cup contracts and business with state-run companies Petrobras and Eletrobras, a newspaper report said on Friday.

Police raid targets son of Brazil's ex-president Lula

Brazilian police today raided the offices of a company belonging to a son of former president Luiz Inacio Lula da Silva as part of an investigation into tax fraud.

Brazil high court: Lula can be questioned in Petrobras probe

Brazil's top court issued its ruling late Friday, after being petitioned last month by police to interrogate Lula, who governed the country from 2003 to 2010.

Petrobras board approves sale of 25% of fuel unit, two oppose

Petrobras, as the company is known, wants to sell $15.1 billion of assets by the end of 2016 to help reduce its $132 billion of debt, the largest of any oil company.

Thousands of women march in support of Brazil`s Rousseff

 Thousands of women rallied Wednesday in support of President Dilma Rousseff, whose poll numbers have plummeted amid a national scandal involving state oil company Petrobras.

Petrobras net profit falls nearly 90% in Q2

The company attributed the sharp drop in net income -- a figure that was far lower than analysts had expected -- to an increase in tax expenses.

Petrobras net profit falls nearly 90% in Q2

Brazil`s state-run oil giant Petrobras, rocked by a massive graft scandal, said Thursday that second-quarter net income fell nearly 90 percent from a year ago, in part due to plummeting crude prices.

Brazil police target politicians in new Petrobras raids

Brazilian police probing the giant Petrobras corruption scandal launched raids Tuesday against several politicians, including former president Fernando Collor de Mello, reportedly seizing a Ferrari and other luxury cars from his home.

Petrobras scandal touches Brazil's business elite

Brazilian police began another phase in the investigation of massive corruption at state oil company Petrobras, arresting the heads of two of the country`s most important companies.

Petrobras chooses Vale CEO Murilo Ferreira as board chair

Brazil`s state-owned oil giant Petrobras on Thursday nominated Murilo Ferreira, CEO of mining firm Vale, as its next board chair as the energy firm looks to emerge from a corruption scandal.

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.

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.

Brazil`s Petrobras to release delayed earnings amid scandal

Brazilian state oil giant Petrobras, embroiled in an alleged multi-billion-dollar kickback scandal, will release long-delayed 2014 earnings results next Wednesday, the company said.

Brazil ruling party treasurer arrested in Petrobras probe

The treasurer of Brazil`s ruling party was arrested Wednesday for alleged money laundering and taking bribes from state oil giant Petrobras that were stuffed into backpacks, the latest blow to President Dilma Rousseff.

Brazil ruling party treasurer arrested in Petrobras probe

The treasurer of Brazil`s ruling party was arrested Wednesday for alleged money laundering and taking bribes from state oil giant Petrobras that were stuffed into backpacks, the latest blow to President Dilma Rousseff.

Brazil builder with ties to Petrobras files for bankruptcy

Brazil builder OAS, which prosecutors accuse of involvement in the massive corruption scandal at state oil firm Petrobras, filed for bankruptcy protection for nine of its units Tuesday.

Ruling party treasurer facing trial over Petrobras affair

 Brazil`s judiciary are to try Joao Vaccari, treasurer of the ruling Workers Party (PT) on corruption and money laundering charges relating to a graft scandal at oil giant Petrobras, according to documents seen Monday by AFP.

Brazil museum lands 139 works of art seized in Petrobras scandal

A Brazilian museum Thursday received 139 works of art, including a painting by Joan Miro, seized from individuals involved in the corruption scandal rocking state oil giant Petrobras.

Switzerland returns $120 mn of Brazil corruption money

Swiss judicial authorities said Wednesday they have released $120 million (113 million euros) of frozen funds linked to the devastating corruption scandal at Brazilian state oil giant Petrobras.

Former CEO of Brazil's Petrobras says no way to discover wrongdoing

The former head of Petrobras said on Thursday there was no way the state-run oil company could have discovered the massive corruption scheme that is adding to Brazil`s economic and political troubles.