The Brazilian stock market faced turbulence as shares of Petrobras plunged, dragging down the Ibovespa, despite favorable economic news from the United States. This market upheaval followed the unexpected replacement of Petrobras President Jean Paul Prates with Magda Chambriard, the former head of the National Agency of Petroleum, Natural Gas, and Biofuels (ANP). Petrobras’s shares […]
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