Petrobras shares plunged 22per cent on Monday, wiping out 71 billion reais (US$13 billion) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company's market-friendly CEO with a retired army general.
from Latest News https://ift.tt/3aKMUSV
Petrobras shares slump as Brazil's Bolsonaro doubles down on intervention
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment