Post Tagged with: "investor confidence"

Source: Reuters

At Brazil’s Petrobras, a ‘Spartan’ military man takes the reins


RIO DE JANEIRO – For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil’s state-run oil company Petrobras was unexpected – and unwelcome.

President Jair Bolsonaro announced the 71-year-old …