NIKKEI 225
38,385.73 +29.67 (+0.08%) HANG SENG
19,073.71 -41.35 (-0.22%) CRUDE OIL
78.77 +0.75 (+0.96%) GOLD FUTURES
2,392.00 +32.10 (+1.36%) DOW
39,832.15 +274.04 (+0.69%) Bitcoin GBP
51,531.39 +3,118.49 (+6.44%)
PBR Oct 2024 11.000 put
- Associated Press Finance
CEO of Brazil’s oil and gas giant Petrobras steps down following dustup over dividends
The head of Brazil’s state-controlled oil and gas giant Petrobras has stepped down, the company said in a prepared statement Wednesday, following months of tensions with the federal government. Petrobras opted not to pay extraordinary dividends to its shareholders earlier this year, souring relations between Petrobras CEO Jean Paul Prates and Brazil’s President Luiz Inácio Lula da Silva.
- Bloomberg
Brazil President Lula Fires Petrobras CEO After Dividend Dispute
(Bloomberg) -- Brazil President Luiz Inacio Lula da Silva shook up the leadership of the nation’s state-owned oil company, firing the chief executive officer and one of his top deputies after months of sparring. Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptChina Considers Government Buying of Unsold Homes to Save Property MarketUS Inflation Ebbs for First Time in Six Months in Relief for FedHow One of the World's Oldest Hedge Funds Went BankruptFlood of Chi
- Reuters
EMERGING MARKETS-Most Latam FX up on softer U.S. dollar, Brazilian markets lag
* Petrobras slumps after its CEO to step down * US CPI rises 3.4% year-on-year * Latam stocks down 0.1%, FX up 0.2% By Shashwat Chauhan May 15 (Reuters) - Most Latin American currencies rose against a softer dollar on Wednesday as latest U.S. inflation data boosted hopes that Federal Reserve could cut interest rates this year, while worries at state-run oil giant Petrobras weighed on Brazilian markets. Brazil's real shed 0.2% against the dollar amid sliding iron ore prices, while the local stock index dropped close to 1%. Shares of state-run oil firm Petrobras slid over 6% after the company said its chief executive would step down, to be replaced by a former regulator with views closer those of President Luiz Inacio Lula da Silva.
