MercoPress. South Atlantic News Agency
Petrobras faces legal challenges in the billions from international investors
Brazil’s troubled state oil firm Petrobras faces possible new legal challenges from a coalition of groups representing international investors based in Europe in the US. The financially hobbled and corruption-racked company is being sued over alleged fraud-related losses the investors suffered on its shares and bonds traded outside the Americas. Read full article
Comments
Disclaimer & comment rulesTold ya long ago.
Feb 12th, 2016 - 12:14 pm - Link - Report abuse 0Next up, PBR loans being called.
Then its all over.
As PBR goes so does Brazil.
Go Scousers!
Feb 12th, 2016 - 02:03 pm - Link - Report abuse 0The end is nigh for PB and severe economic problems are coming for the Brazil Nuts.
PB [like many other govt. owned organizations & Public Companies] is a Total 100% Liability - a White Elephant - operated purposefully, for fulfilling the personal interests of the corrupt politicians.
Feb 12th, 2016 - 02:30 pm - Link - Report abuse 0SCANDALS [known & unknown so far] PLUS CRISIS [political, social & economic] = THE END [expected but unfortunate & unnecessary]
It is wise to cut all ties with the United States and the rest of the West.
Feb 12th, 2016 - 06:39 pm - Link - Report abuse 0BRICS
https://www.youtube.com/watch?v=Mmf5s7NCay8&list=FLmXPTu1f8AdGlizWNiASx2A&index=1
All large investors got their money out of Brazil long ago.
Feb 13th, 2016 - 05:01 pm - Link - Report abuse 0When it collapses they'll come back and buy on the cheap.
PBR has no buyers for its assets.
It is going to have to go bankrupt soon
And Brazil has no $ to bail it out
Should be interesting watching this roll out...
@5 Petrobras is the federal government of all Lusitania. Are 3000 years of history and you think a barrel to 10 dollars will break it.
Feb 14th, 2016 - 02:29 pm - Link - Report abuse 0Petrobras announces an operating profit of 26 billion reais in 2015. Its debt reduced by 15%. And you think it will break ...
What you call investor I call speculator. And ALL the speculators are gone from Brazil. Thank God! And never again will they return.
Unless bring yuan in their pockets!
https://www.youtube.com/watch?v=6OM20Kd0N2o&list=FLmXPTu1f8AdGlizWNiASx2A&index=14
PBR is desperately trying to liquidate assets but nobody wants to buy them.
Feb 14th, 2016 - 03:13 pm - Link - Report abuse 0The only speculators in PBR are short sellers.
And they're winning
Soon enough the loans will start to be called and either The Brazilian Gov't will use its meager reserves to rescue it or they won't.
Only time will tell.
Until you get rid fo the Marxist Monkeys running Brazil it is doomed to failure.
I say but any fine or penalty of Noam judiciary will have no effect in Brazil.
Feb 14th, 2016 - 04:34 pm - Link - Report abuse 0May sanction the Brazil!
https://www.youtube.com/watch?v=-MpxH9Bx7yc&list=FLmXPTu1f8AdGlizWNiASx2A&index=68
Pbr has assets outside of Brazil.
Feb 14th, 2016 - 11:33 pm - Link - Report abuse 0The Petrobras case has had a “tremendous impact... in the real uncovering of the way that the political networks and businesses have been covering up decades of corruption in the country”: REF: http://zeenews.india.com/business/news/international/emerging-giants-plagued-by-corruption-transparency-international_1849535.html
Feb 15th, 2016 - 09:46 am - Link - Report abuse 0Commenting for this story is now closed.
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