Petroleo Brasileiro SA is being pushed by minority shareholders led by Aberdeen Asset Management Plc to focus more on profit than job creation after the state- run producer’s earnings slumped to an eight-year low.
Federal district prosecutors have asked Federal Police to investigate allegations that former Brazilian President Luiz Inacio Lula da Silva took part in a cash-for-votes scheme that toppled several of his closest aides.
For millions of maids, the law is a milestone being compared to Brazil’s 19th-century abolition of slavery. For the families that rely on domestics, it’s a budget squeeze that could force them to cook and clean for themselves.
Brazilian investor Flavio Augusto da Silva bought a stake in the Orlando City Soccer Club after selling his group of English schools to Abril Educacao SA for about $450 million, daily newspaper Folha reported.