PBR Jul 2024 12.000 put
- Reuters
EMERGING MARKETS-Colombia, Chile outperform broader Latam FX in lead up to US data
* Petrobras shares fall after fuel sales hurt earnings * Argentina inflation slows to 8.8% in April * Chile raises FY GDP growth forecast to 2.7% * Both Latam stocks and FX indexes flat (Updated at 1931 GMT) By Johann M Cherian and Shashwat Chauhan May 14 (Reuters) - The currencies of Colombia and Chile outperformed peers in Latin America on Tuesday, ahead of a U.S. inflation data print, while investors parsed minutes from Brazil's central bank meeting and latest consumer prices out of Argentina. As of 1931 GMT MSCI's index for Latin American currencies was flat as investors were in a wait and see mode in the lead up to the U.S. consumer inflation print which could dictate the Federal Reserve's monetary policy trajectory and that of the greenback.
- Bloomberg
Petrobras Curbs Politically Fraught Dividend Payments
(Bloomberg) -- Brazil’s state-controlled oil giant Petrobras is curbing politically charged dividends after reporting lower profits. Shares declined.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsFlood of China Used Cooking Oil Spurs Call to Hike US LeviesMacron Puts French Banks in Play With Plan to Transform EuropeHow One of the World's Oldest Hedge Funds Went BankruptPetrobras’s board approved
- Reuters
UPDATE 2-Brazil's Petrobras reports worse-than-expected 38% drop in first quarter profit
Brazilian state-run oil firm Petrobras posted a 38% fall in its first-quarter net recurring profit from a year earlier on Monday, missing analysts' expectations on the result and its dividend, hit by weaker sales volumes. Petrobras said the result was mainly due to lower sales, a drop in oil prices and a narrower profit margin on diesel sales compared with last year's fourth quarter.
