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India Morning Newsletter, September 29

Sep 28, 2025 8:42 PM

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Petrobras management proposed extra dividend but board blocked it, sources say

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RIO DE JANEIRO, March 8 (Reuters) - The management of Brazil's state-run oil giant Petrobras proposed a pay out of 50% of the extraordinary dividend allowed by its bylaws for the fourth quarter, but the firm's board of directors voted against it, two sources familiar with the matter told Reuters on Friday. Chief Executive Jean Paul Prates pushed for the...

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