Brazilian President Luiz Inácio Lula da Silva's decision to have Jean-Paul Prates removed as CEO of the State-run oil company Petrobras resulted in shares dropping more than 8% at the Sao Paulo Stock Exchange on Wednesday. Ordinary shares (PETR3) fell 8.36% while preferred shares (PETR4) went down 6.75%, it was reported. In addition, Petrobras' ADRs (American Depositary Receipt) in New York were down around 7.5% on Wednesday.
President Luiz Inácio Lula da Silva has ordered a reshuffle at the top of Brazil's state-run oil company Petrobras, with Magda Chambriard replacing Jean-Paul Prates as CEO, Agencia Brasil reported. Following the head of state's decision late Tuesday, the board of directors approved the early termination of Prates' term Wednesday morning. In the meantime, and until Chambriard takes office, Corporate Affairs Executive Director Clarice Coppetti has been appointed on an interim basis.
Disneyland's recent approval for a major expansion marks a significant milestone in its illustrious history since opening its gates decades ago. As one of the world's most iconic theme parks, this expansion promises to bring even more magic and wonder to visitors of all ages.
Argentine President Javier Milei became overtly extrovert on social media Tuesday after the National Institute of Statistics and Census (Indec) announced that April's monthly Consumer Price Index (CPI) had stood at 8.8%. “GOOOOOOOOOOOOOOOOOOOL...!!!!,” he wrote in football-fan mode. Meanwhile, Presidential Spokesman Manuel Adorni said inflation had “its death certificate signed.”
Given the calamity conditions in the southern state of Rio Grande do Sul, because of the floods and prospects of further rainfall, leaving at least two million people displaced, the government of Brazil has allowed the unrestricted entry of international donations into RGdoS for the ensuing 30 days.
The Chandler Institute of Governance (CIG) is launching the fourth edition of the Chandler Good Government Index (CGGI) this Wednesday, live from London with an event featuring Julia Gillard AC, Australia’s 27th Prime Minister. The performance Index shows Uruguay clearly rose in Latin America, on the “Leadership and Foresight, and Attractive Marketplace” pillars.
An initiative from Uruguay's ruling Multicolor coalition for the compulsory hospitalization of street dwellers has been signed into law, it was reported in Montevideo. The opposition Broad Front (Frente Amplio - FA) was split when voting in the Lower House.
Paraguayan President Santiago Peña left Tuesday for the United States to participate in a series of engagements regarding security and technology until May 17 when he will go to Taiwan. Peña took heavy criticism for bringing along his son Gonzalo Peña. The head of state said he would cover his son's expenses with his own money but is yet to show concrete evidence thereof.
The government of the French Overseas Territory of New Caledonia, to the east of Australia appealed to security forces and issued a 12-hour overnight curfew for Tuesday night following violent protests and rioting in the capital Noumea.
Several Peruvian legislators this week announced separate vacancy motions to impeach President Dina Boluarte for permanent moral incapacity, in addition to the possibility that she may have violated the law. The parliamentarians argued that Boluarte had ignored the duties of her office by failing to account to Congress for her 12-day absence, which constituted a lack of transparency and fitness for that position.