By Bruno Federowski
SAO PAULO, Oct 3 (Reuters) – Brazilian stocks rose on
Tuesday as shares of Petróleo Brasileiro SA rallied after a
cabinet minister raised the prospect of privatizing the
state-controlled oil company.
Common shares of Petrobras, as the company is
known, rose 3.5 percent to a seven-month high after Brazil’s
mines and energy minister said in an interview late on Monday
that a privatization would be feasible in the long run.
His remarks added fuel to a controvers