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Апрель
2019

Brazil Petrobras shares drop after price hike canceled

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SAO PAULO — Stock prices of Brazil’s state oil company have dropped after its decision to reverse an announced 5.7% increase in diesel prices. The reversal was announced Thursday night after President Jair Bolsonaro met with the head of Petrobras, Roberto Castello Branco. Local media reported the decision to stop the price hike raised fears



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