Brazil’s Petrobras reports $10.2 billion quarterly loss Brazil’s state-run oil company, Petrobras, reported a record loss of $10.2 billion in the fourth-quarter due to a large reduction in the value of some assets amid lower oil prices. Petrobras has been at the center of a sprawling corruption scandal that has ensnared some of Brazil’s most powerful lawmakers and business executives. Yahoo News reports. Carnival Corporation gets permission to cruise from U.S. to Cuba Carnival Corporation announced that Cuba has granted approval for the company to begin travel to Cuba starting on May 1, 2016. Following U.S. authorization granted in July 2015, Carnival Corporation is now cleared to operate the 704-passenger MV Adonia to Cuba through its newest brand Fathom. This […]
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