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The market-friendly CEO of Brazilian oil producer Petrobras said he would step down, paving the way for his replacement with an army general, as President Jair Bolsonaro fights for greater control of the company

Roberto Castello Branco, who is being ousted as Petrobras CEO by President Jair Bolsonaro, goes for a casual look to present the Brazilian oil giant's full-year results! The company's 'Mind The Gap' transformational agenda was approved a few months ago.

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Brazilian president signs law on central bank autonomy

Brazilian markets were rattled this morning after President Jair Bolsonaro replaced the chief executive of Petrobas: - Shares in Petrobas plunged by 20% - The benchmark Bovespa index fell more than 5% - The Brazilian real lost 2.4% of its value

Petrobras Weighs CEO Change as Brazilian President Turns Up Pressure via WSJ #news  #WSJ 

Brazilian President Bolsonaro’s effort to install an army general atop state oil firm Petrobras is being seen by investors as a sign the president is putting politics above economics ahead of his 2022 re-election bid via @WSJ 

So much for market- friendly Bolsonaro administration..: The Brazilian real lost 2.7% of its value against the dollar, and the stock market dropped 4.9% after President Bolsonaro threw out the head of the country’s oil giant. $brl

Pain spread through Brazilian markets on Monday amid President Jair Bolsonaro’s pivot toward interventionism. State-controlled oil giant Petrobras tumbled 22%, erasing nearly $14B from its market cap, its biggest one-day wipeout since March 9. Details:

#UPDATE  Shares in Brazilian state oil company #Petrobras  fell more than 19% on Monday after President Jair #Bolsonaro  changed the company's chief executive, sparking fears he will try to block further energy price hikes as he eyes re-election

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Brazilian markets plunge after President Bolsonaro moves to replace Petrobras CEO with army general (who has no experience in oil and gas industry). Petrobras shares -20% Bovespa -5% Real -2.5% vs dollar Rates futures +20 bps "Today is a pretty ugly day," says hedge fund trader.


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"Americans like to boast about being the world leader at everything,” says @felipeneto , a Brazilian YouTuber. “But I'm certain that our leader, Jair Bolsonaro, is the worst Covid president in the world."

Brazilian Football Confederation president, Rogerio Caboclo announced today that the men's and women's national teams will be paid equally.

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Brazilian presidentJair Bolsonaro, like his mentor Donald Trump, is an anti-science demagogue. The result: many thousands of Brazilians are unnecessarily dying. Science is not a luxury. It is the backbone of civilization.

Deforestation in the Brazilian Amazon has increased 67% since President Jair Bolsonaro came into power. These Indigenous women are taking a stand.

NEW: Source close to president said Trump is telling people close to him that he is indeed concerned about coming into contact with people who have contracted Coronavirus, including Brazilian official who tested positive after coming face to face with Trump at Mar-a-Lago.

A Brazilian judge just ordered former President Lula da Silva released from Sergio Moro's prison. An extraordinary day in Brazil - for the world, given Lula's stature.

I congratulate my friend Brazilian President-Elect, Jair Bolsonaro, for his intention to move the Brazilian Embassy to Jerusalem, a historic, correct and exciting step!

We should pay attention to this: Brazilian President Jair Bolsonaro, a far-right authoritarian, is rapidly destroying the Amazon rainforest. He is a threat to working people, minorities, journalists, and a habitable planet. No wonder Trump loves him so much.

And...that's a wrap. Brazilian President Bolsonaro spoke for less than 15 minutes. Big fail. He had the entire world watching and his best line was to tell people to come vacation in Brazil. Bolsonaro is billed as "South American Trump" but he appeared tepid. #Davos  #WEF19