![](https://i0.wp.com/shacklemedia.com/wp-content/uploads/2023/01/petrobras-shares-fall-in-brazil-after-lula-removes-oil-giant-from-privatization-list.png?w=640&ssl=1)
SAO PAULO — Petroleo Brasileiro SA’s preferred shares PETR4,
The shares reached 23.51 reais Monday morning, the equivalent of $4.40, after declining 14% during 2022. Brazil’s benchmark Ibovespa stocks index was down 2.2% in early trading.
Luiz Inacio Lula da Silva was sworn in as Brazil’s president on Jan. 1. One of the first official acts by the left-wing politician, who was president of the country from 2003 through 2010, was to remove Petrobras and the country’s postal service from the list of state asset sales.
Source: finance.yahoo.com
Related posts:
Jim Cramer Says Buy These 2 High-Yield Dividend Stocks — Including One With 10% Yield
Signing up for Medicare? Watch out for IRMAA
Investors Love Costco Stock. But Its Smaller Rival Is a Better Buy Right Now.
I failed at retirement. How to avoid my mistakes.
Chamath Palihapitiya Sued Over Insider Sale of Virgin Galactic Shares