Investor Frustration Hits Petrobras’ Market Value as Dividend Disappointment Wipes Out $14 Billion
Investor Frustration Wipes Out $14 Billion from Petrobras Stock Rio de Janeiro, Brazil Decreased Dividend Triggers Market Turmoil Investor frustration with Brazil’s state-run oil firm, Petrobras, led to a massive sell-off and wiped out over 50 billion reais ($14 billion) from the company’s market value. This unprecedented drop followed the rejection of a more generous … Read more