Brazil’s Petrobras Falls After Lula Fires Oil Giant’s CEO
Shares of Brazil’s state-owned oil company <-bsp-bb-link state="{"bbHref":"bbg://securities/PETR4%20BZ%20Equity/FA","_id":"0000018f-7cae-de3b-adcf-feafa8370000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Petroleo Brasileiro SA-bsp-bb-link> declined after President <-bsp-person state="{"_id":"0000018f-7cae-de3b-adcf-feafa8370001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Luiz Inacio Lula da Silva-bsp-person> fired Chief Executive Officer <-bsp-person state="{"_id":"0000018f-7cae-de3b-adcf-feafa8370002","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Jean Paul Prates-bsp-person> following a dispute over dividend payments.