iShares MSCI Brazil Capped (EWZ)
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- Barrons.com•3 days ago
It looks like a 1,200-mile natural gas pipeline in Brazil’s south-central region is the latest victim of the fire sale ongoing at Petrobras (PBR). Brazil’s state-run oil giant plans to sell a 90% stake in Nova Transportadora doi Sudeste SA to a consortium led by Brookfield Asset Management (BAM) for $5.2 billion as part of asset divestitures aimed at providing cash to pay down the company’s massive pile of debt. In fact, Petrobras fell 4.5% during recent market action to $9.15, outpacing the 1.2% drop by the iShares MSCI Brazil Capped ETF (EWZ).
- Benzinga•4 days ago
Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR ) has been in the spotlight this week, up roughly 5.5 percent. Earlier this week, the country’s former president, Luiz Inacio Lula da Silva, was indicted ...