'Operation Car Wash' has uncovered another case of bribery involving Brazil's state-run oil company Petrobras. It involves three of the world's largest commodity traders paying millions in exchange for better trading contracts.
Brazil is inaugurating President Jair Bolsonaro on New Year's Day. His administration is a potpourri of conflicting interests. Is this going to work out?
Brazil's President-elect Jair Bolsonaro has named a pro-market reformer to be head of state-owned oil company Petrobras. Roberto Castello Branco has in the past advocated the company's privatization.
Ex-President Lula applied for release from jail pending appeal after a surprise ruling allowing it. But the chief justice of the Supreme Court took just hours to overturn the decision.
The election of Jair Bolsonaro as the new Brazilian president has many wondering what the right-wing firebrand could do for Brazil's economy. Stocks are up and many observers hopeful — but the devil is in the details.
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