Advertisement
Singapore markets open in 4 hours 5 minutes

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Bitcoin USD

    64,858.26
    +766.73 (+1.20%)
     

  • CMC Crypto 200

    1,399.05
    +16.47 (+1.19%)
     

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • Gold

    2,344.20
    +5.80 (+0.25%)
     

  • Crude Oil

    83.75
    +0.94 (+1.14%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -7,174.53 (-50.07%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Brazil's Petrobras loses tax income case, will appeal

Reuters
Tanks of Brazil's state-run Petrobras oil company are seen in Brasilia, Brazil, August 31, 2017. REUTERS/Ueslei Marcelino (Reuters)

BRASILIA (Reuters) - Brazil's Petróleo Brasileiro SA <PETR4.SA> said a federal court ruled against the oil firm in a 8.8 billion real (£2.1 billion) case over income tax payment in platform leasing contracts, the company said in a statement on Monday.

Petrobras, as the company is known, said it would appeal the ruling made by the third group of the Federal Regional Court of the 2nd Region (TRF2), based in Rio de Janeiro.

(Reporting by Silvio Cascione)