PBR Oct 2024 20.000 put
- Reuters
Magda Chambriard, new Petrobras CEO, charged by Lula with firing up job creation
The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the matter. President Luiz Inacio Lula da Silva - who used Petrobras to spur domestic shipbuilding and major refinery projects during his earlier 2002-2010 presidency - has tapped the four-decade petroleum industry veteran to reboot that vision, sources said. Petrobras shares tumbled on Wednesday on news of the CEO swap, as investors balked at the prospect of more intense capital spending that may mean sacrificing the generous dividends of recent years.
- Reuters
NEWSMAKER-Magda Chambriard, new Petrobras CEO, charged by Lula with firing up job creation
The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the matter. President Luiz Inacio Lula da Silva - who used Petrobras to spur domestic shipbuilding and major refinery projects during his earlier 2002-2010 presidency - has tapped the four-decade petroleum industry veteran to reboot that vision, sources said. Petrobras shares tumbled on Wednesday on news of the CEO swap, as investors balked at the prospect of more intense capital spending that may mean sacrificing the generous dividends of recent years.
- Reuters
EMERGING MARKETS-Mexico, Chile lead Latam FX up after US data; Brazilian equities lag
* Petrobras slumps after its CEO to step down * Peruvian economy contracts in March * Colombia Grupo Aval's profits fall 73% in Q1 * Latam stocks edge up 0.1%, FX up 0.3% (Updated at 1916 GMT) By Shashwat Chauhan and Johann M Cherian May 15 (Reuters) - The pesos of Mexico and Chile led Latin American currencies higher on Wednesday, as the dollar slid after a softer-than-expected U.S. inflation report, while worries about state-run oil giant Petrobras weighed on Brazilian equity markets. MSCI's index for Latin American currencies rose 0.3% against the dollar which dropped to month-ago levels after data showed April U.S. consumer prices rose less than expected, reinforcing expectations that the Federal Reserve will cut interest rates in September.
