Petrobras to Remain State-Owned Under Bolsonaro, Adviser Says

MT newswire2026/10/21 23:37

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07:37 PM EDT, 10/21/2026 (MT Newswires) -- Petrobras would remain state-owned if Flavio Bolsonaro wins Brazil's presidential runoff, while its future leadership would have flexibility to reshape the company's portfolio, Bloomberg reported Wednesday, citing energy adviser Alexandre Chequer. Chequer said decisions on investments and asset sales should be left to Petrobras' future management. He also criticized the company's renewed investment in fertilizers, saying it lacks expertise in the industry. Bolsonaro's campaign is seeking to attract private investment by reducing regulatory costs and streamlining approvals. Proposals include scrapping the 12% tax on oil exports, Bloomberg reported.

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Tradr ETFs announced that its two leveraged products linked to SK Hynix ADRs will be liquidated and delisted around November 12, with one being long and the other short. Despite only being listed for a few months, their combined scale has shrunk to about $1.3 million, down more than 60% from their peak. SK Hynix's Seoul stock price has fallen 56% from its high, similar products in the industry are generally under pressure, and South Korea has also further tightened regulations on leveraged products.

华尔街见闻•2026/10/26 05:56