End of preview - This article contains approximately 717 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Brazil & Southern Cone - December 2014 (ISSN 1741-4431)
POLITICS: No end in sight for Petrobras scandal
Shares in the state-controlled oil giant Petrobras fell to an almost ten-year low in mid-December. Tumbling oil prices and the consequent questions over the viability of the exploitation of Brazil’s pre-salt oil fields were significant factors in the stocks’ slide. But so too, is Operation Car Wash, the police investigation into the scheme to funnel kickbacks from contracts with Petrobras to the left-wing ruling Partido dos Trabalhadores (PT) and its allies. It is not only Petrobras under scrutiny, but also Brazil’s top engineering firms, who were complicit in the scheme. “Brazil is still an extremely corrupt country”, said Attorney General Rodrigo Janot, at an event to mark International Anti-Corruption Day.
- Vázquez gets to work directly after sweeping to victory in Uruguay
- POLITICS: Guantánamo inmates arrive, to public disquiet
- ECONOMY: Kicillof puts his cards on the table
- POLITICS: Corruption allegations surface as 2015 election approaches
- TRANSPORT: A new source of public anger
- DIPLOMACY: Bachelet in China
- ECONOMIC OVERVIEW
- POLITICS & JUSTICE: Political purge begins
- POLITICS: No end in sight for Petrobras scandal
- DEFENCE: Brazil’s naval expansion
- NextGen Unasur