RIO DE JANEIRO, BRAZIL - Brazil’s shake up of state-run oil firm Petrobras has caused shockwaves at home but may also prompt some bond investors to rethink their US$1 trillion-plus exposure to other government-controlled companies across emerging markets.
From China’s Exim Bank to Mexican oil giant Pemex or South African utility Eskom, companies wholly or partly government-owned make up half of the US$2.4 trillion market in . . .
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