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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.

Corporate News 29 Jun 2020 | 7:00 AM

Unicorn Casper accused of misleading investors in IPO

NEW YORK: Casper Sleep Inc duped investors into pouring US$100mil into its initial public offering (IPO), knowing its financial prospects were far dimmer than it promised, according to a lawsuit seeking class action status.