Brazilian oil company Petrobras and the People's Republic of China finalize a US$10-billion agreement.
Former Brazilian president Luiz Inácio Lula da Silva is convicted on corruption and money laundering charges in connection with the Petrobras investigation. Lula, who remains free on appeal, is sentenced to nine and a half years in prison.
A judge in Peru issues an arrest warrant for former President Alejandro Toledo for allegedly receiving US$20 million in bribes from Odebrecht, a Brazilian construction company, in exchange for a contract deal to build a transoceanic highway between Brazil and the Peruvian coast. Toledo denies any wrongdoing.
Brazilian construction firm Odebrecht and affiliated petrochemical company Braskem plead guilty of violating American foreign bribery laws in connection with the Petrobras deal.
Brazilian Supreme Court Justice Gilmar Mendes rules Luiz Inácio Lula da Silva should be stripped of a ministerial role in President Dilma Rousseff's Cabinet so he can be investigated in connection with the state oil company Petrobras's alleged kickback scheme. Earlier today, injunctions suspending Lula's appointment as chief of staff were overturned at Attorney General José Eduardo Cardozo's request for a Supreme Court ruling on the motions.
Brazil's lower house of Congress opens impeachment proceedings against President Dilma Rousseff over a corruption scandal involving the state-owned oil giant, Petrobras.