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Tuff-Stuff

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Tuff-Stuff

Re: Tuff-Stuff post# 47635

Tuesday, 01/27/2015 5:19:57 AM

Tuesday, January 27, 2015 5:19:57 AM

Post# of 53906
Petrobras expected to release Q3 results today

Petrobras (NYSE:PBR) may take a charge of about 52B reais ($20B) in its overdue third-quarter results to reduce the value of some assets, Reuters reports quoting a Veja magazine blog.
The impairment equals 42% of the market value of the company.
Petrobras has delayed the results since November due to a corruption scandal that has so far led to the arrest of 40 people.

Pray for A Pain Free Day!

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