Brazil Daily

Petrobras woes set to continue after Bolsonaro interference

Today, after taking a beating on Monday, Petrobras due for more turbulence. Increased coronavirus cases lead states to more restrictive measures. Increased productivity is the goal as Brazilian companies plan to invest in 2021.

The Petrobras debacle set to run and run

We expected turmoil, but Monday’s trading session was carnage for Brazilian assets. In the first business day since President Jair Bolsonaro announced he will change the command of Petrobras, shares of the state-controlled oil giant dropped an eye-watering 20 percent — the second-worst single-day rout since Petrobras went public in 1997. Since Friday, the company has lost BRL...

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