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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The Alliance of BRICS act in a coordinated manner seeking the complementarity of their economies, progress together and serving the common interests.Mar 01st, 2016 - 10:40 am - Link - Report abuse 0
Yeah whatever!Mar 01st, 2016 - 10:50 am - Link - Report abuse 0
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.
US$10bn credit is not exactly a gift!Mar 02nd, 2016 - 06:10 pm - Link - Report abuse 0
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].
Hope there's subtitles!Mar 02nd, 2016 - 07:05 pm - Link - Report abuse 0
Worth studying Chinese! :D I wonder who is going to rescue Brazil and at what price: http://news.sys-con.com/node/3705587Mar 02nd, 2016 - 07:08 pm - Link - Report abuse 0
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
Unfortunately, there isn't any state owned industry which is making profits and is not riddled with scandals & corruption.Mar 03rd, 2016 - 11:20 am - Link - Report abuse 0
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?