Petróleo Brasileiro S.A. or simply called as Petrobras(PBR) is the state-owned Brazilian oil company. Petrobras used to a high-flier with the ADR hitting over $70 a share in 2008. Since then it has been gone nowhere but down year after year. The massive corruption scandal that was uncovered and falling oil prices have led this …
The major trade partners of Brazil and the top exports and imports are shown in the following infographic. Agricultural products and crude oil are the top Brazilian exports. Click to enlarge Source: Wilson Center
Brazil is the top performing market in the world so far this year. The Bovespa has shot up by 41% year-to-date, The Olympics and more importantly the ousting of the Dilma Roussef government a while ago by a more pro-growth conservative administration made foreign investors turn their attention to Brazilian equities again. Bovespa year-to-date return chart: Click to …
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The stock price of Petrobras(PBR), Brazilian oil firm closed at $8.73 on Friday August 12th. The market cap stood at about $57 billion. This is a far cry from the peak market cap a few years ago when Petrobras was the rising superstar of the oil world and was considered the crown jewel of emerging Brazil. In 2008, …