SBM Offshore NV (SBMO.AS)
13 Jul 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.
LONDON European shares gained a boost on Thursday as hopes of a softening in U.S. trade rhetoric lifted the car sector, though trading remained cautious ahead of a U.S. deadline to impose tariffs on Chinese goods.
* Autos jump after report of U.S. offer to suspend tariffs threat
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, June 27 Foreign investors sold 34.7 billion rand ($2.5 billion) worth of South African bonds between January and June, the highest sell-off on record, data from the Johannesburg Stock Exchange showed, driven by a drought of cheap money and a U.S.-China trade spat.
LONDON, June 26 British prosecutors said on Tuesday they had begun criminal proceedings against two Unaoil companies, part of a Monaco-based oil and gas consultancy, in an investigation into alleged bribery, corruption and money laundering.
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.
May 22 British prosecutors have brought further charges against two people in an ongoing investigation into alleged bribery and corruption at privately-held Unaoil, a Monaco-based oil and gas services company.
** 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