Petrobras (PBR) down 4.2% to its lowest point since the rally's beginning in March 2009, amid...

|About: Petrobras - Petroleo Brasi... (PBR)|By:, SA News Editor

Petrobras (PBR) down 4.2% to its lowest point since the rally's beginning in March 2009, amid concern that share demand is wheezing after a $70B offering. An exchange for crude development rights means the government boosted its stake in the energy giant to 48% from 40%.