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Stock Market & Financial Investment News

News Breaks
April 3, 2013
13:36 EDTPBRRegulator may force Petrobras to pay added royalties, Reuters says
Brazil's petroleum regulator ANP ruled that Petrobras (PBR) improperly measured natural-gas production from two platforms, which could result in an additional royalty charge of $100M, according to Reuters, citing a source with direct knowledge of the matter. Reference Link
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April 16, 2014
06:33 EDTPBRPetrobras having difficulties, NY Times says
Brazilian energy company Petrobras is experiencing multiple problems, as its oil production has stagnated, its employees have been accused of taking bribes, and its debt is surging, according to The New York Times. Analysts warn that the company could face problems in international bond markets, the newspaper stated. Reference Link

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