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Brazil’s Economy Minister Says He Can ‘Fix’ Petrobras Situation

  • Shares plunged after Bolsonaro intervened in diesel prices
  • In D.C., Guedes says he’ll seek more information back home
Paulo Guedes
Paulo GuedesPhotographer: Andre Coelho/Bloomberg

Brazilian Economy Minister Paulo Guedes said he’ll clear up any confusion from President Jair Bolsonaro’s decision to halt a planned fuel-price hike by Petroleo Brasileiro SA.

When asked about Bolsonaro’s meddling in state-controlled Petrobras’ pricing policy this week, Guedes said he’d get more information when he returns home from Washington, where he’s been attending the spring meetings of the International Monetary Fund.