Petrobras shares slump as Brazil’s Bolsonaro doubles down on intervention

© Reuters. FILE PHOTO: A logo of Brazil’s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro By Sabrina Valle and Gram Slattery RIO DE JANEIRO (Reuters) – Petrobras shares plunged 22% on Monday, wiping out 71 billion reais ($ 13 billion) in market value, as Brazilian President Jair Bolsonaro again […]

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Bolsonaro says nominating replacement for Petrobras CEO

© Reuters. FILE PHOTO: A man walks past the headquarters of Brazilian oil company Petrobras in Rio de Janeiro SAO PAULO (Reuters) – Brazil’s government has decided to nominate Joaquim Silva e Luna as the next chief executive of state-controlled oil company Petrobras, according to a post on President Jair Bolsonaro’s official Facebook (NASDAQ:) account. […]

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Bolsonaro to sign decree raising Brazil minimum wage by 5%

© Reuters. FILE PHOTO: Brazil’s President Jair Bolsonaro looks on as he adjusts his protective face mask during a ceremony launching a program to expand access to credit at the Planalto Palace in Brasilia BRASILIA (Reuters) – Brazilian President Jair Bolsonaro said that he would sign a decree later on Wednesday raising the national minimum […]

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