ADVFN - Advanced Financial Network.
HOME» NYSE » P » PBR Stock Price » PBR Stock News

Petroleo Brasileiro Share News

 Petroleo Brasileiro S.a. Stock Price
PBR Stock Price
 Petroleo Brasileiro S.a. Stock Chart
PBR Stock Chart
 Petroleo Brasileiro S.a. Stock News
PBR Stock News
 Petroleo Brasileiro S.a. Company Information
PBR Company Information
 Petroleo Brasileiro S.a. Stock Trades
PBR Stock Trades

ADR Report: Shares End Lower After China, Japan Disappoint

By Mia Lamar International companies trading in New York closed lower Monday following a string of disappointing data points from Asia, including a sharp slowdown in Japan's economic growth. The Bank of New York index of ADRs fell 0.5% to 123.52. Economic growth in Japan slowed to an annualized pace of 1.4% in the second quarter, well below expectations for 2.7% growth and down from a revised 5.5% pace in the first quarter. A lack of supportive policy changes in China also put a damper on sentiment. Weak Chinese trade data last week had raised expectations that the People's Bank of China might act to stimulate growth, but as of Monday, those actions had failed to materialize. The Asian index fell 0.7% to 120.12 as energy stocks ended broadly weaker. PetroChina Co. (PTR, K3OD.SG, 0857.HK, 601857.SH) fell 1.6% to $125.58 while Sinopec Shanghai Petrochemical Co. (SHI, K3DD.SG, 600688.SH, 0338.HK) slumped 2.1% to $27.27. Bucking the losing trend was China's Focus Media Holding Ltd. (FMCN), which jumped 8.9% to $25.45 after a group led by its chief executive offered to take the advertising company private in a $3.66 billion deal. The $27-a-share offer would remove Focus Media from the skeptical eye of U.S. investors and mark the latest--and largest--Chinese company to back away from a U.S. listing. The European index fell 0.3% to 115.50. The region's energy firms also traded lower, led by an 1.2% loss for Norwegian oil-and-gas major Statoil ASA (STO, STL.OS). Shares of Alcatel-Lucent (ALU, ALU.FR) fell 2.5% to $1.18 after Standard & Poor's Ratings Services cut its outlook on the French telecom-equipment maker to negative from stable, citing expectations for weak operating results and "high cash flow losses" this year. The Latin American index fell 1% to 328.11 and the emerging markets index shed 0.9% to 278.31. Brazilian shares were doubly hit by growth concerns after a survey of analysts conducted by the Brazilian Central Bank pegged Brazil's economic growth this year at just 1.81%, down from last week's 1.85% forecast. Brazil's economy grew 2.7% in 2011. Steelmaker Companhia Siderurgica Nacional (SID, CSNA3.BR) fell 1% to $5.33, BRF Brasil Foods SA (BRFS, BRFS3.BR)--Brazil's biggest food processor by sales--slumped 2.2% to $14.53 and state-run energy heavyweight Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR), or Petrobras, slipped 0.5% to $21.88. -Write to Mia Lamar at mia.lamar@dowjones.com

Stock News for Petroleo Brasileiro (PBR)
DateTimeHeadline
02/05/201615:50:00Petrobras Is No Longer a Buy for Mobius
02/05/201615:40:00Petrobras Is No Longer a Buy for Emerging-Markets Investor Mobius
02/02/201617:49:40Pomerantz Achieves Significant Milestone in Petrobras Securities...
01/28/201618:24:00ADRs End Mixed; Royal Dutch Shell, Total Rise
01/28/201610:00:00Correction to Norway Oil Fund Puts Petrobras on Observation List...
01/28/201609:31:00Norway Oil Fund Puts Petrobras on Observation List
01/19/201607:10:00BTG Pactual's Net Profit Jumps 45% in Fourth Quarter
01/15/201617:36:00ADRs End Lower; China Southern Airlines, Royal Dutch Shell Trade...
01/14/201617:20:00Glitch Delays Cheniere's Natural-Gas Exports
01/14/201608:20:00Brazil's BTG Pactual Authorizes Talks to Sell BSI
01/12/201620:23:00Amid Weak Oil Prices, Pemex Touts Its Rock-Bottom Production...
01/12/201618:06:00ADRs End Higher; Shire Rallies
01/12/201614:17:00Brazil's Vale Will Draw $3 Billion From Credit Lines -- Update
01/12/201612:20:00BTG Pactual May Sell Stakes in Financial Services Companies
12/31/201510:40:00Itaú Scoops Up Pactual Stakes
12/28/201518:46:00ADRs End Mostly Lower; Oil Majors Decline
12/22/201519:20:00Oil Bettors Seek Safety in Proxies
12/15/201505:08:00Brazil's BTG Pactual Sells Portion of Holding in BR Properties
12/07/201518:02:00ADRs End Lower; Oil Majors Decline
12/05/201509:45:16National Oilwell Varco's Management Knows How, Not When, the...

Petroleo Brasileiro and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad