| 26.04.2011 - Petrobras plunge on gasoline prices sinks Brazil’s sovereign fund in April |
| Brazil’s refusal to allow higher gasoline prices is cutting into returns of its sovereign wealth fund, whose main holdings are shares of state-controlled Petroleo Brasileiro SA. (PETR4). The fund, set up in December 2008 with 14.3 billion reais ($9.1 billion) in capital, lost 7.4 percent this month through April 20, marking the biggest monthly decline since October, data from Brazil’s regulator show..............................................Full Article: Source |