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Stock impact report

Brazil authorizes army to clear trucker protest [Reuters]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Reuters
Brazil authorizes army to clear trucker protest | Reuters 3 Min Read SAO PAULO (Reuters) - Brazilian President Michel Temer said on Friday he authorized federal forces to clear highways blockaded by protesting truckers, whose actions have paralyzed key sectors of the economy despite an agreement by most trucking associations to end a five-day protest over diesel prices. The protests by truck drivers crippled major sectors of Latin America’s biggest economy and led the city of Sao Paulo, the region’s biggest business hub, to declare a state of emergency due to scarce fuel supplies. Temer decided to authorize the army, along with federal highway police and state police forces, to clear major roadways following a meeting with ministers in the capital, Brasilia. “Those blocking the highways, those acting in a radical manner, are hurting the population and will be held responsible,” Temer said in a televised address. Negotiators for several trucker groups agreed late on Thursday to suspend Show less Read more
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