Thursday 4 March 2021
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channelnewsasia - 10 days ago

Brazil markets tank as Bolsonaro shakes up Petrobras to cut energy costs

Brazilian financial markets went into a tailspin on Monday, as investors dumped the country s currency and stocks, while pushing up interest rates, after President Jair Bolsonaro moved late on Friday to sack the head of state-run oil firm Petrobras following weeks of clashes over fuel price hikes.


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