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View Full Version : Petrobras Profit to Be Curbed by Weaker Real, CFO Says - Bloomberg



NewsWhore
05-22-2012, 11:40 AM
Petrobras Profit to Be Curbed by Weaker Real, CFO Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH6aCiHWJIOCgVfHpl7SsWc_2Plpg&url=http://www.bloomberg.com/news/2012-05-22/petrobras-profit-to-be-curbed-by-weaker-real-cfo-says-1-.html)
Bloomberg
Profit at Petroleo Brasileiro SA (PETR4), the state-controlled oil producer, is getting squeezed by a weaker currency because most of the company's debt is in dollars and the company has assets abroad. The effects of the weaker local currency on ...

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