SAO PAULO (Reuters) - Former Brazilian President Luiz Inacio Lula da Silva vowed on Thursday to appeal his conviction on corruption charges and run for president next year, calling the case against him a politicized effort to influence the 2018 election. "They haven't taken me out of the game," Lula told supporters at the headquarters... Continue Reading →

Traders couldn’t be happier with the latest casualty in Brazil’s largest-ever corruption probe -- former President Luiz Inacio Lula da Silva. That’s because the chances for the populist leader to stage a comeback in next year’s presidential race are drastically reduced after the lead judge in the so-called Carwash investigation sentenced him to nine and a... Continue Reading →

Norwegian oil services company Aker Solutions saw a decrease in its second quarter 2017 profit and revenues amid market slowdown.  For the second quarter of 2017, Aker Solutions on Wednesday posted a profit of NOK 33 million ($4 million), which dropped from a profit of NOK 131 million ($15.9 million) in the corresponding quarter of last year.... Continue Reading →

Brazil President Michel Temer has the support to defeat a congressional motion that would put him on trial for alleged corruption, according to a tally of voter intentions compiled by Bloomberg. The request to try Temer is expected to be up for both a lower house committee and a floor vote as early as this... Continue Reading →

BRASILIA (Reuters) - Brazil's Senate on Tuesday approved the country's first major overhaul of labor rules in seven decades in a crucial victory for beleaguered President Michel Temer as he seeks to pull the economy out of its worst ever recession. The bill, which modernizes some labor laws dating back to the 1940s, was passed... Continue Reading →

Petroleos Mexicanos has hired the same legal representation used by Brazilian utility Eletrobras to audit its contracts with Odebrecht SA and affiliate Braskem SA amid an ongoing investigation into those two companies by the U.S. Department of Justice. Read more

The rapporteur for a Brazilian lower house committee examining a corruption charge against President Michel Temer recommended on Monday that the body vote to put Temer on trial. Deputy Sergio Zveiter's recommendation was widely expected. The full 66-member committee is likely to vote later this week on the charge against Temer before the full house... Continue Reading →

By Ramona Ordoñez / Bruno Rosa - Globo 10/07/2017 RIO - The contraction of Petrobras' investments in the last three years has hit Rio de Janeiro, the country's largest oil producer and where the largest number of companies in the sector are concentrated. But after reaching the bottom of the well, projects in the area... Continue Reading →