PETROBRAS's name should be kept as it is according to a special group created to modernize its image.
PETROBRAS not only got the highest profit ever recorded by a Brazilian company, but it was also the one to offer the largest share in Brazil.
Text LI-II – questions 9 and 10
From text LI-II, it can be deduced that
PETROBRAS lost the oil monopoly 48 years ago.Text LI-II – questions 9 and 10
From text LI-II, it can be deduced that
PETROBRAS controls every segment of Brazil's up and downstream oil industry.
Text LI-II – questions 9 and 10
From text LI-II, it can be deduced that
PETROBRAS has always been facing competition.Text LI-II – questions 9 and 10
From text LI-II, it can be deduced that
the new management is introducing slow changes in the company.
Text LI-II – questions 9 and 10
From text LI-II, it can be deduced that
the modern structures are based on decentralization of PETROBRAS's activities.
Read the text below in order to answer questions 31 to 33:
The headline of the article states that "The world's three largest economies are limping", which means they are
Read the text below in order to answer questions 34 to 36:
Fed steers US rates lower by quarter point
The US Federal Reserve last night demonstrated its determination to steer the American economy away from recession when it cut its key interest rate for the seventh time this year and signalled that borrowing costs could fall again. The Fed announced it was cutting its funds rate by a quarter of a point to 3.5 per cent, its lowest for seven years, and also reduced its largely symbolic discount rate. The discount rate fell a quarter of a point to 3 per cent, matching lows seen in the early 1990's. In a statement released alongside the rate decision, the ...
Read the text below in order to answer questions 37 to 40:
Shocks to the system At the start of the year, it was not uncommon to hear businessmen saying that Brazil was enjoying its best economic conditions for a generation. The country appeared to be well on the way to a period of sustained economic expansion. Most economists were looking to another strong year of growth, with gross domestic product expanding by 4.5 per cent in 2001, on top of 4 per cent in 2000. Real interest rates were about to fall to single digits for the first time in decades. However, within just a few months, the outlook for the Brazilian economy has deteriorated dramatically. A whole series of unexpected...