SBM Offshore NV (SBMO.AS)
17 Jul 2018
Fri, Jul 6 2018
SAO PAULO, July 6 A Brazilian federal court ruled that state-run oil company Petroleo Brasileiro SA can subtract $892.7 million it owes in future fees to Dutch group SBM to cover fines and damages it has been ordered to pay Petrobras for its role in a graft scheme, according to a written statement prosecutors released on Friday.
AMSTERDAM, July 5 Dutch marine engineering group SBM Offshore said on Thursday a Brazilian court had ordered Petrobras to provisionally withhold some payments to SBM to ensure the Dutch company pays whatever penalties it may receive in a corruption case.
AMSTERDAM, July 5 SBM Offshore, the Dutch marine engineering group enmeshed in corruption investigations in Brazil, said on Thursday a court has ordered Petrobras to provisionally withhold some payments to SBM to ensure the Dutch company pays whatever penalties it receives.
JOHANNESBURG, May 31 South Africa needs tangible economic growth to entice more offshore investors to invest in its bourse after a good start to the year thanks to improved sentiment following the election on a new president, analysts said.
** Shares of Dutch offshore oil platform operator SBM Offshore fall 4.4 percent to 13.74 euros after company says it sees no short term resolution to investigations by Brazilian authorities
SHANGHAI, May 9 The proportion of Chinese interbank market bonds held by offshore investors rose to 2.04 percent in April, the first time it has exceeded 2 percent, bond clearing house data showed. It was the 14th consecutive month that offshore holdings of Chinese interbank market bonds has increased. Foreign ownership of Chinese bonds has been rising steadily amid pledges from Beijing to further open its financial sector, including the gradual removal of limits on foreign ownership