|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8.94 - 9.07|
|52 Week Range||7.61 - 12.56|
|PE Ratio (TTM)||-21.18|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Authorities on Tuesday approved a corruption probe targeting former President Fernando Collor de Mello and filed charges against the ex-CEO of state oil company Petrobras, both signs that a mammoth graft ...
Brazilian prosecutors on Tuesday charged Aldemir Bendine, the former chief executive of state-controlled oil firm Petroleo Brasileiro SA, with corruption, alleging he used his position to take bribes from construction firm Odebrecht. Bendine served as CEO of Petrobras, as the company is formally known, between 2015 and 2016, and was brought in to clean up the firm after its central role in a massive graft scandal that has embroiled politicians and business executives. Bendine, who also led state-owned lender Banco do Brasil SA from 2009 to 2015, has been in jail since his arrest late last month.
Correction: This post and headline were updated to reflect the correct spelling of Eletrobras, the shorthand name for Centrais Electricas Brasileiras. Shares of power utility Centrais Eletricas Brasileiras (EBR and ELET3.Brazil) rose 25% in Sao Paulo trading Tuesday and 36% in the U.S. after the Brazilian government said would reduce its controlling stake. Brazil stocks are getting a big lift today.