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:
‘Auto makers are building more expensive vehicles’: Why you should not buy a new car in 2023
3 big reasons why a 2022 recession would be like no other in history
1 Ridiculously Undervalued Artificial Intelligence (AI) Stock to Buy Hand Over Fist
3 Social Security Changes in 2024 You Need to Know About and May Not Have Noticed Yet
Roth 401(k) Contribution Limits For 2023