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Petrobras debt financing plans in doubt

Bribery probe hampers borrowing in international debt markets until producer provides audited results

Petrobras has relied on overseas bond buyers for more financing than any company in emerging markets in the past three years, raising US$44.5 billion since 2011.

Sao Paulo

THE widening corruption probe at Petroleo Brasileiro SA is threatening to impair its ability to finance the world's biggest oil investment plan.

The state-controlled producer, which delayed releasing third-quarter earnings because of an investigation into alleged bribery...

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