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LatinNews Regional Monitor: Brazil & Southern Cone - 09 May 2018

In brief: Brazil

*Brazil's state-owned oil company Petrobras finished the first financial quarter of 2018 with a net profit of R$6.96bn (US$1.95bn), 57% up from the R$4.45bn (US$1.25bn) reported during the same period last year. These are the company’s best financial results since the start of the ‘Operation Car Wash’ corruption investigations launched in March 2014 and broadly exceed market expectations.

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