EconomicUnited States·27 Oct 2026
Petrobras Shares Fall in New York Following Brazilian Election
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On October 26, 2026, Petrobras shares in New York plummeted 13.99% to US$22.50 following the re-election of Lula, which triggered a 13.88% crash in Brazil’s Ibovespa index. The decline in the company's American Depositary Receipts (ADRs) was exacerbated by an 8.79% jump in the U.S. dollar against the Brazilian real. Other Latin American oil firms also saw…
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Rio Times
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