U.S. authorities allege Alstom had a “widespread scheme involving tens of millions of dollars in bribes” paid to officials worldwide in countries including Indonesia, Saudi Arabia, Egypt, the Bahamas and Taiwan. More »
President Dilma Rousseff on Monday sharply defended the chief executive officer of the Brazil’s state-run oil company despite allegations she was told years ago about some of the irregularities that are ballooning into the nation’s biggest corruption scheme yet. More »
Oil has slumped about 21 percent since OPEC decided against cutting its production target last month, prompting a plunge in the value of currencies from the Russian ruble to the Norwegian krone. More »
Saudi Arabia’s oil chief on Sunday dismissed allegations that his kingdom conspired to bring down oil prices in order to harm other countries and told a summit of Arab energy leaders that he was confident the market would stabilize. More »
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