Petroleo Brasileiro SA, Brazil’s state-run oil company, said it will unveil its much-delayed third quarter financial information in January, amid bondholders pursuing their efforts to declare the company in default as early as this week. A group of investors led by New York-based Aurelius Capital refused to accept a debt restructuring with Argentina, taking the country to court. Alleged corruption at Petrobras According to a probe into corruption at the state-owned oil company dubbed Operation Car Wash, the non-political prosecutors maintain that the oil company had roughly $1.7 billion stolen from them as a group of construction firms colluded to drive…
Petrobras To Report Q3 Results Amid Debt Default Threat
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports