Petrobras has agreed to pay US$2.95bn to settle a class action suit before the US supreme court, the Brazilian state-run oil company said Wednesday in a statement. The lawsuit accuses Petrobras of making false statements to investors that overstated the value of its stock and bonds. The Brazil...
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This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin America. Including news and insight from South America, Central America and the Caribbean, BNamericas includes insight and forecasts for business opportunities in Mexico. The business development service focuses on major projects, active companies, such as and business and sales contacts, providing networking opportunities with leading executives throughout Latin America.