Live Breaking News & Updates on Production Chief Fernando Borges

After barely 40 days on the job, José Mauro Coelho resigned as CEO of Brazil s state-run oil company Petrobras due to pressure from President Jair Bolsonaro and other politicians over a recent increase in the price of fuel, which drives inflation upwards ahead of the Oct. 2 elections. Bolsonaro had dubbed the price hike a “betrayal” of the Brazilian people. ....

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