Market experts are skeptical about Petrobras’s latest plan to modify its corporate rules. On Monday, Petrobras revealed a plan to create a capital return reserve. Yet, it left investors guessing by not providing details. Meanwhile, it stated that the existing policy for shareholder payments stays the same. Consequently, the firm’s preferred shares tumbled, losing 6.16% […]
Related Posts
Google’s Search Dominance Challenged as Investors Reassess
Google’s long-standing dominance in the search engine market faces unprecedented challenges. Despite Alphabet reporting better-than-expected results, some investors are reconsidering their positions. Brazilian fund managers who previously held Alphabet shares (GOGL34) are now taking a cautious approach. According to local media, Wagner Chavez, partner at SFA Investimentos, sold his position over a year ago, believing […]
Oppo’s Global Expansion: Another Chinese Push into Europe and Latin America
Oppo, a major player in the smartphone industry, is enhancing its global presence with a strong focus on Europe and Latin America. As the fourth-largest smartphone brand worldwide, Oppo aims to capture more of the premium market by investing heavily in these regions. In Europe, Oppo demonstrates its commitment through strategic investments in products, marketing, […]
Brazil’s Lula Launches Industrial Revitalization Program
On Monday, Brazil’s President Lula introduces ‘Nova Indústria Brasil’ (NIB), a policy to revitalize the nation’s industry. The National Council for Industrial Development (CNDI), under Vice President Geraldo Alckmin, endorsed this plan. Developed with inputs from CNDI members over a year, it combats deindustrialization and aims to boost exports of high-tech products. The NIB . […]