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Former Petrobras Director Arrested in Graft Scandal

Brazilian police arrested a former Petróleo Brasileiro SA executive on Friday, sending the state-run oil company's shares and bonds down after a widening corruption scandal forced it to delay the release of its financial results. Former engineering director Renato Duque was the second senior executive arrested at Petrobras, as the company is commonly known, in an investigation into a money-laundering and bribery scheme that allegedly skimmed billions of dollars off contracts and...

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