Petrobras shares sink more than 13% after falling profits and cutting dividends
#Petrobras #shares #sink #falling #profits #cutting #dividends Profits sank and the dividend will be lower. Analysts stopped recommending purchase. Petrobras’ common shares were sinking more than 13% to 35.74 reais (6.5 euros) in this Friday’s session on the Brazilian stock exchange Ibovespa, with preferred shares losing almost 13% to 35.24 reais. The Brazilian stock exchange […]
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