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View Full Version : Brazil's Petrobras Reports Surprise Net Loss in Second Quarter - Bloomberg



NewsWhore
08-03-2012, 07:00 PM
Brazil's Petrobras Reports Surprise Net Loss in Second Quarter (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGbendZRLldf7Hm-ywFfhYlcCbSxQ&url=http://www.bloomberg.com/news/2012-08-03/brazil-s-petrobras-reports-surprise-net-loss-in-second-quarter.html)
Bloomberg
A 9.1 percent depreciation of the local currency in the quarter increased the cost of buying equipment and services that are denominated in dollars, the company said. Brazil's real is the worst performer among the 16 major currencies tracked by ...

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