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China to the rescue of debt-burdened Petrobras with a US$10bn credit

Tuesday, March 1st 2016 - 07:32 UTC
Full article 7 comments

Bonds issued by Brazil's Petrobras ended one to two points higher on Monday as the beleaguered oil company eased refinancing pressure by clinching a US$10bn loan from China. The US$10bn loan from China Development Bank, which can be repaid in cash or oil, will do much to reduce refinancing risks for what is one of the world's most indebted companies. Read full article

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  • Brasileiro

    The Alliance of BRICS act in a coordinated manner seeking the complementarity of their economies, progress together and serving the common interests.

    https://www.youtube.com/watch?v=joe915L17bI

    BRICS

    Mar 01st, 2016 - 10:40 am - Link - Report abuse 0
  • Skip

    Yeah whatever!

    What you don't see is the need for developed countries to have their large companies bailed out by China.

    Supposedly Australia was going to become China's vassal state..... Brazil beat us to it.

    Enjoy the yuan while it lasts.

    Mar 01st, 2016 - 10:50 am - Link - Report abuse 0
  • L0B0MAU

    US$10bn credit is not exactly a gift!

    In Brazil I doubt if anyone is quite sure about: What China is going to get in return?

    From the past records; it is most likely going to be Lava Jato II [Chinese Edition].

    Mar 02nd, 2016 - 06:10 pm - Link - Report abuse 0
  • Skip

    Hope there's subtitles!

    Mar 02nd, 2016 - 07:05 pm - Link - Report abuse 0
  • L0B0MAU

    Worth studying Chinese! :D I wonder who is going to rescue Brazil and at what price: http://news.sys-con.com/node/3705587

    Mar 02nd, 2016 - 07:08 pm - Link - Report abuse 0
  • Jack Bauer

    When Brazil wakes up PB will belong to the Chinese........which would be a bloody good thing......no more LulaRats to plunder the company.

    Mar 02nd, 2016 - 07:26 pm - Link - Report abuse 0
  • L0B0MAU

    Unfortunately, there isn't any state owned industry which is making profits and is not riddled with scandals & corruption.

    Like the China + PB [dirty] Deal; Brazil should conduct rigged-auctions to get rid of all the other white elephants which are draining the economy for years. Of course, the corruption-costs involved in such auctions should be paid for by the foreign buyers.

    By the way, if the corruptions at the PB are called as “Operation Car-Wash”; by which names the other scandals such as Angra I, II, III, etc, etc will be known as?

    Shouldn't they be called as “Operation Brainwash” I, II, III for taking the Brazilians for a ride?

    Mar 03rd, 2016 - 11:20 am - Link - Report abuse 0

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