Bolsonaro’s Advance On Tuesday Made Petrobras The Most Valuable Company In Brazil

Written by Paulo Nogueira

Published on 03/10/2018 at 11:20

Updated on 03/10/2018 at 14:12

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Investor Optimism Led to State-Owned Company’s Valuation of R$ 319.928 Billion, Surpassing Vale on October 2

With the progress of presidential candidate Jair Messias Bolsonaro (PSL) in the latest voter surveys this Tuesday (2), Petrobras’ shares were boosted, reaching a valuation of R$ 319.928 billion, surpassing even Vale, which is now the second largest company in value in Brazil, followed by Ambev and Itaú in third and fourth place, respectively.

Bolsonaro’s policy of opening the Brazilian market to global capital is seen by investors as a good indicator for future projects in the country, as the candidate has an ideological bias towards privatization in the Golden Share modality, whereby the government would still have some decision-making power in Petrobras.

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Petrobras Director Says the Worst Phase for the State-Owned Company Is Over

Petrobras completed 10 years of production in the pre-salt on September 2, with the first oil at the Jubarte Field in Espírito Santo. Since then, 20 offshore production units have been incorporated into the national fleet, bringing production to an incredible 1.5 million barrels of oil every day. Despite some deals that incurred losses for the state company and corruption investigations, Petrobras is now entering a phase of “positive ascendance.” Check here what the new phase of prosperity will be for Petrobras in 2018.

Bolsonaro’s Advance On Tuesday Made Petrobras The Most Valuable Company In Brazil

Investor Optimism Led to State-Owned Company’s Valuation of R$ 319.928 Billion, Surpassing Vale on October 2

Petrobras Director Says the Worst Phase for the State-Owned Company Is Over

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The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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Bolsonaro’s Advance On Tuesday Made Petrobras The Most Valuable Company In Brazil

Investor Optimism Led to State-Owned Company’s Valuation of R$ 319.928 Billion, Surpassing Vale on October 2

Petrobras Director Says the Worst Phase for the State-Owned Company Is Over

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

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Scientists create “living” materials that crawl, walk, and dig on their own by transforming internal tension into movement, mimicking biological tissues without having real cells.

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