Opposition to Brazilian group Oi's plans to sell off Portugal's former national telecoms operator, PT Portugal, is not expected to result in the business being returned to its former owner, Portugal Telecom SGPS, even if the immediate sale is blocked this week, analysts and lawyers said.
A Brazilian police officer investigating a kick-back scheme at state-run oil company Petrobras said the total amount of money involved could exceed $28 billion, making it the country's biggest-ever money laundering probe.
When federal investigators first identified signs of corruption at Petrobras in 2009, Dilma Rousseff insisted Brazil's state-run oil company had nothing to hide.
Brazil's state-run oil firm Petrobras said on Tuesday it may increase the number of foreign companies it works with after banning several Brazilian contractors because police have implicated them in a kickback scheme at the company.
