SAO PAULO: Shares in Brazil’s state-owned oil company Petrobras tumbled 10 percent on Thursday, a day after it temporarily reduced fuel prices in response to a truckers’ strike.
At 10:53 am (1353 GMT), the price of preferred shares had plummeted 11.26 percent and of ordinary shares 10.61 percent on the Sao Paulo stock exchange, while the Bovespa index was down just 1.29 percent.
Source: Brecorder
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