Petrobras' lower dividend payout triggers market slump in Brazil
Edited By WION Video Desk
Published: Mar 11, 2024, 06:05 IST | Updated: Mar 11, 2024, 06:05 IST
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Brazil's financial markets are the worst performing in the world. A deep sell-off in the South American nation's markets is triggered by fears of government intervention in businesses. A disappointing dividend announcement from state-controlled oil company Petrobras is adding to those woes. This news has rattled investors, causing the benchmark stock index to plummet.
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