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Petrobras request US judge to throw out fraud case by investors

ATHENS: Petrobras, Brazil’s graft-racked state-run oil giant asked a US judge on Thursday to throw out a fraud case against the company. The class-action case, in US federal court in New York, has been brought by investors who claim the multibillion dollar bribes-for-inflated-contracts scandal that has thrown Petrobras and the country of Brazil into turmoil, means the company’s stocks were ... Read More »

Petrobras request US judge to throw out fraud case by investors

ATHENS: Petrobras, Brazil’s graft-racked state-run oil giant asked a US judge on Thursday to throw out a fraud case against the company. The class-action case, in US federal court in New York, has been brought by investors who claim the multibillion dollar bribes-for-inflated-contracts scandal that has thrown Petrobras and the country of Brazil into turmoil, means the company’s stocks were ... Read More »

Greece says it won’t request new bailout, if $8b debt not restructured

ATHENS: Greece has said that it would not ask for a new rescue package from its international creditors if they would simply restructure its debt. Greek Finance Minister Yanis Varoufakis said in an interview with a Greek newspaper Saturday that Greece can do without a new bailout, but “one of the conditions for this to happen is an important restructuring ... Read More »

Pending Cases: FBR to request courts for timely decisions

ISLAMABAD: Federal Board of Revenue (FBR) has decided to file an application to apex and high courts through Law Ministry for timely decision of pending cases to avoid billions of rupees revenue loss. As per details, FBR decided to request the apex and high courts to devise a strategy to early solve FBR cases to end the legal war, costing ... Read More »