- From TikTok to Hollywood, the irresistible rise of Italy's Khaby Lame
- Verstappen punished for swearing in Singapore press conference
- Sri Lanka lead by 202 in first New Zealand Test
- Brook 'not too fussed' by England's batting in heavy Australia loss
- India's Ashwin 'happy' to embrace pressure
- A modern 'Trojan Horse': two days of mayhem in Lebanon
- Third of Burundi mpox cases in children under five: UN
- Man Utd appoint Foster + Partners to develop Old Trafford 'masterplan'
- Israel-Hezbollah exchanges intensify on Lebanon border
- French mayor sorry for 'no one died' remark over mass rape trial
- Mohamed Al-Fayed, outsider shunned by British high society
- Lawyers say 'monster' late Harrods owner abused dozens of women
- India in box seat after Bumrah takes four against Bangladesh
- Taiwan retains death penalty but limits use to 'exceptional' cases
- Ferrari's Leclerc sets early pace in Singapore ahead of Norris
- 10 years into Huthi rule, some Yemenis count the cost
- France poised to finally get new govt
- Kompany, Alonso call for action on player workload amid strike talks
- Liverpool goalkeeper Alisson doubtful for Bournemouth clash
- Bumrah takes four as India bowl out Bangladesh for 149
- Sri Lanka 134-1 to take upper hand in first New Zealand Test
- Bayern's Kompany calls for game cap for players amid strike talks
- Christie's expands Hong Kong footprint in hope of art market 'pickup'
- Sultry screen legend Sophia Loren turns 90
- Cambodian opposition figure in court on incitement charge
- Bumrah takes three wickets to have Bangladesh in trouble at 112-8
- Kimchi threat as heatwave drives up South Korea cabbage prices
- UK economic data delivers fresh blow to new govt
- China to 'gradually resume' seafood imports from Japan after Fukushima ban
- India minister blames dam release for flooding
- O'Rourke strikes early for Kiwis as Sri Lanka trail by three
- Deep takes two as Bangladesh totter in reply to India's 376
- Israel pounds Lebanon's Hezbollah after device blasts
- Revolution or mirage? Controversy surrounds new Alzheimer's drugs
- Ashwin's 113 powers India to 376 in Bangladesh Test
- Biden opens home to 'Quad' leaders for farewell summit
- Sally Rooney returns with 30-something questions
- Wallabies sense 'massive' chance to upset All Blacks
- Taiwan questions two in probe into Hezbollah pagers
- Viral Korean Olympic shooter scores first acting role as assassin
- Farrell set for 'challenge' of downing Bordeaux in Top 14
- Springbok Etzebeth diverts attention from looming caps record
- Inter on a high ahead of Milan derby as Napoli face Juve test
- Bank of Japan leaves key interest rate unchanged
- Arnold quits after six years in charge of Australia
- Asian markets track Wall Street record to extend global rally
- Guirassy and Anton to return to Stuttgart with new side Dortmund
- Marseille bidding to continue 'almost perfect' Ligue 1 start
- Arnold quits as coach of Australia men's football team
- Harris and Oprah hold star-studded US election rally
Petrobras share prices plunge after Bolsonaro criticism
Shares in Brazilian oil company Petrobras plummeted more than seven percent Monday after President Jair Bolsonaro criticized the organization's pricing policy in the face of rising crude prices due to the war in Ukraine.
The far-right leader, who has a habit of targeting the state-run company every time it raises prices, said that the "parity with the international price" of oil "cannot continue," in an interview with a radio station in the northwestern state of Roraima.
The drop in share prices, due to the nervousness of investors, led to the fall of the Ibovespa index, the main index on the Sao Paulo Stock Exchange.
Ibovespa was down 2.52 percent at close.
Bolsonaro met with specialists Monday afternoon to discuss a solution to the expected effect on fuel prices -- which are estimated to rise 30 percent -- in the context of skyrocketing international oil prices following Russia's invasion of Ukraine.
The Brazilian president is seeking to stop Petrobras from raising prices for Brazilian consumers before the October elections, when Bolsonaro will seek reelection.
Brent North Sea crude for May delivery was up 4.31 percent to $123.21 per barrel on Monday.
West Texas Intermediate crude, the other market benchmark, was up 3.21 percent to $119.40.
The Brazilian government is evaluating different options, including asking Petrobras shareholders to suspend price adjustments during the Ukraine war; withdrawing certain federal taxes; or a possible fuel subsidy, which would add to already high public spending.
In 2021, fuel prices rose nearly 50 percent, bringing overall inflation in Brazil above 10 percent, the highest rate since 2015.
P.Anderson--BTB