Brazil’s Oil Giant Vale Loses R$71B in Market Value After Dam Break
Brazil’s iron giant, Vale, registered on Monday the largest plunge in share value in a single day in its history,...
January 29, 2019Topic
Shares
Brazil’s Petrobras Reduces Investment Forecast by 25%
This is the second adjustment to the 2015-2019 business plan announced in June of 2015 by the oil giant.
January 13, 2016
Vale, Petrobras Shed Assets for Cash
State-controlled oil firm Petrobras and mining giant Vale, two of Brazil’s largest companies, have begun to shed their assets.
July 30, 2013
Petrobras Shares Slip to Eight-Year Low
Shares of Brazil’s state-controlled Petrobras fell to a nearly eight-year low last week amid weak earnings and concerns over government...
July 9, 2013
Petrobras to Invest R$97.7 Billion in 2013
Brazilian state-controlled oil and gas giant Petrobras will invest over R$97 billion in petroleum and natural gas exploration and production...
April 30, 2013
Batista’s Billions Bounce Back After Crash
Shares in Brazilian billionaire Eike Batista’s oil and gas company (OGX) dropped forty percent last week, knocking $3.8 billion off...
July 3, 2012
Dollar Strong Against Brazilian Real: Daily
The dollar ended down 0.67 percent on Thursday, after closing high five sessions in a row, at R$1.91. The Bovespa...
May 4, 2012
Ibovespa’s Steady Gains in Brazil: Daily
The São Paulo Stock Exchange Bovespa Index (Ibovespa) continued its recovery yesterday pushing through the 61,000-point mark for the first...
January 19, 2012
Roommate Renting in Rio for R$1,500
While R$1,500 per month will barely rent a studio in some areas of the Cidade Maravilhosa, it does open up...
October 4, 2011