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Business 24 Feb 2021 | 7:00 AM

Petrobras shares slump as Bolsonaro slams policies

RIO DE JANEIRO: Petrobras shares plunged 22% on Monday, wiping out 71 billion reais (US$13bil) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company’s market-friendly chief executive officer with a retired army general.

Commodities 27 Aug 2019 | 7:06 AM

Malaysia hopes to pay for military equipment with palm oil

KUALA LUMPUR: Malaysia is in talks with at last six countries on the possibility of using palm oil to pay for arms, as Southeast Asia's third-biggest economy seeks to replace old equipment to boost its defence capabilitiesKUALA LUMPUR: Malaysia is in talks with at last six countries on the possibility of using palm oil to pay for arms, as Southeast Asia's third-biggest economy seeks to replace old equipment to boost its defence capabilities