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PBR Dec 2024 14.000 put
- Zacks
Petrobras (PBR) Rises As Market Takes a Dip: Key Facts
In the closing of the recent trading day, Petrobras (PBR) stood at $14.01, denoting a +1.37% change from the preceding trading day.
- Associated Press Finance
New Petrobras chief is sworn in as market worries Brazil's government will have heavier hand
The head of Brazil’s state-run oil giant Petrobras, Magda Chambriard, was sworn in Wednesday amid market concerns of increased government intervention in the company. President Luiz Inácio Lula da Silva — who nominated Chambriard — attended the ceremony at a Petrobras research center in Rio de Janeiro, along with Finance Minister Fernando Haddad and Mines and Energy Minister Alexandre Silveira.
- Reuters
Market conditions drive international airlines away from Brazil, Airbus says
Complicated market conditions have prevented foreign airlines from launching local operations in Brazil, planemaker Airbus' head in the country told Reuters. In 2018, rules which had limited the size of the stake a foreign investor could hold in an airline were overturned in a bid to open up competition among carriers in Latin America's largest economy. Still, market share in Brazil is dominated by just three companies: Azul, Gol and LATAM, the latter the result of a merger in the 2010s between local airline TAM with Chile's LAN.
