Petrobras 4Q Net Income Soars on Change to Valuation of Assets morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Bradesco BBI, BTG Pactual, Credit Suisse, JPMorgan, Nau Securities, Santander, Scotiabank and XP Investimentos cut their ratings on the shares after Brazilian President Jair Bolsonaro on Friday decided to fire the oil company’s CEO following a spat over hikes in fuel prices and moved to appoint Joaquim Silva e Luna, a former army general, as a replacement. Company’s board still needs to confirm the decision.
The Petroleo Brasileiro SA (Petrobras) headquarters in Rio de Janeiro, Brazil, on Friday, Feb. 19, 2021. Petrobras declined after President Jair Bolsonaro said that the company’s fuel price increases have been excessive, undermining the company’s efforts to dispel concerns about political interference.
Petrobras Market Value Plummets After Bolsonaro Fires CEO rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.
Analyst downgrades erase $18B of Petrobras stock value By VinÃcius Andrade on 2/22/2021
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(Bloomberg) A sell-off in Brazilâs state-controlled oil firm Petroleo Brasileiro SA picked up on Monday after a group of analysts downgraded the stock within 24 hours, following the governmentâs decision to replace the companyâs chief executive officer.
Bradesco BBI, BTG Pactual, Credit Suisse, JPMorgan, Nau Securities, Santander, Scotiabank and XP Investimentos cut their ratings on the shares after Brazilian President Jair Bolsonaro on Friday decided to fire the oil companyâs CEO following a spat over hikes in fuel prices and moved to appoint Joaquim Silva e Luna, a former army general, as a replacement. Companyâs board still needs to confirm the decision.
Petrobras Shares Fall After Brazil President Talks of Consequences for Price Increase morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.