Tag Archives: state-led

Brazil’s state-led oil company Petrobras may fund Paralympics as Government aid ban lifted

Brazil’s state-led oil company, Petrobras, may buy marketing rights for the cash-strapped Paralympic Games set for September, a source involved in the negotiations told Reuters on Wednesday. The support, if approved, could help bridge the Games’ budget shortfall, now that a judge has overturned an injunction blocking the use of new public funds for the 40-billion-real ($12.5 billion) Olympics and Read More