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Petrobras Doesn’t Rule Out Buying Braskem Stake to Save Company
(Bloomberg) -- Petrobras isn’t ruling out buying a majority stake in Braskem if the petrochemicals producer is at risk of deterioration.Most Read from BloombergFlood of China Used Cooking Oil Spurs Call to Hike US LeviesHow One of the World's Oldest Hedge Funds Went BankruptBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsChina Considers Government Buying of Unsold Homes to Save Property MarketTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBrazil’s state-controlled oil
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Adnoc’s Scrapped Deal Spells End of Braskem Bond Rally
(Bloomberg) -- Abu Dhabi National Oil Co.’s decision to back away from its billion-dollar bid to acquire a major stake in petrochemicals company Braskem SA is putting an end to one of Latin America’s best bond rallies of the year.Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsStormy Daniels Will Return to Court in Test of Trump’s DemeanorTrump Judge Indefinitely Postpones Documents Case Trial
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Petrobras Waits on Offers From Braskem’s Other Suitors, CEO Says
(Bloomberg) -- Brazilian state-controlled oil producer Petrobras is waiting for other companies to make bids for a stake in petrochemicals producer Braskem after Abu Dhabi National Oil Co. pulled out of the running.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountS&P 500 Extends Gai
