Lula’s Call for Petrobras: Investment Over Dividends

Brazil’s President Luiz Inácio Lula da Silva emphasized today the need for Petrobras to allocate more funds to investments than to shareholder dividends. During a televised SBT interview, Lula criticized the oil giant for planning to distribute R$80 ($16) billion in dividends. He suggested that funds exceeding the planned R$45 ($9) billion could be better […]

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