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View Full Version : Petrobras Quarterly Net May Rise 24% on Weaker Brazilian Real - Bloomberg



NewsWhore
03-06-2009, 01:40 PM
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Petrobras Quarterly Net May Rise 24% on Weaker Brazilian Real (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DapkPkGU9ko3U%26refer%3Dnews&cid=0&ei=w26xSdCxG6SmQca5yP0F&usg=AFQjCNHkGbze0HT7B7aPs6Ec5CqNWSyUWA)
Bloomberg
The Brazilian real’s 24 percent decline last year boosted the local-currency value of the company’s assets and cushioned a 34 percent decline in the price of oil compared with a year earlier. The dollar’s gains may make up for the soaring cost of ships ...


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