Petrobras Sinks With Ibovespa as UBS Cuts Profit Outlook by 80%By
Analysts see currency decline curbing prospects for company
Benchmark stock gauge joins global rout as banks tumble
The outlook for Petroleo Brasileiro SA worsened further after UBS AG cut its earnings projection by 80 percent, spurring a slide in the oil producer at the center of Brazil’s largest graft probe. The Ibovespa followed a selloff in global stocks.
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