🔔 The dashboard: Brazil’s benchmark stock index Ibovespa went up by 4.3 percent this week. Meanwhile, the Brazilian Real gained 6 percent against the U.S. Dollar this week.
- Biggest gains: Petrobras (oil and gas), +16.4 percent.
- Biggest drops: Americanas (retail), -12.1 percent.
“Just a formality,” says Petrobras on new pricing policy governance
In a conference with analysts to discuss its second-highest quarterly results ever, officers of state-controlled oil giant Petrobras insisted that the slight change made to its pricing policy guidelines is “just a formality.”
State of play. On Wednesday, the Brazilian government sent a proposal to transfer the responsibility...