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Brazil’s Odebrecht paid $3.3 billion in bribes over a decade: reports

April 15, 2017 RIO DE JANEIRO (Reuters) – Odebrecht SA [ODBES.UL], the Brazilian engineering company at the center of a historic corruption scandal, paid out a total of about $3.3 billion in bribes in the nine years through 2014, according to testimony cited by local media on Saturday. Through a department specifically established to pay politicians and other recipients for public works contracts, Odebrecht paid as much as $730 million annually in both 2012 and 2013, the years when bribe payments peaked, according to a spreadsheet that a former executive…

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Oil falls for third day as U.S. inventories hit record high

March 2, 2017 By Naveen Thukral SINGAPORE (Reuters) – Crude oil fell for a third consecutive session on Thursday as a record build-up in U.S. stockpiles weighed on the market, with producers boosting shale oil production. Crude stockpiles in the United States, the world’s top oil consumer, rose by 1.5 million barrels last week, less than forecast, but touching a record at 520.2 million barrels after eight straight weekly builds. U.S. West Texas Intermediate (WTI) futures slipped 10 cents, or 0.2 percent, to $53.73 a barrel by 0249 GMT. Benchmark…

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