Petrobras shares slump as Brazil's Bolsonaro doubles down on intervention
By Gabriel in News
Updated 3 years ago
Petrobras shares plunged 21% on Monday, wiping out 70 billion reais ($12.7 billion) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company's market-friendly CEO with a retired army general.