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Brazil's Rousseff Stands by Petrobras CEO

Brazil's President Dilma Rousseff said on Monday she has no plans to replace the chief executive officer of state-run oil firm Petrobras, saying there was no evidence that senior management was involved in a graft scandal at the company. Speaking at a year-end breakfast with reporters in Brasilia, Rousseff also said she will take “drastic” measures next year to get Brazil's economy back on track and voiced confidence in a rebound, regardless of how the global economy...

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