By Maria Lopez Conde, Senior Contributing Reporter
SÃO PAULO, BRAZIL – State-controlled oil firm Petrobras and mining giant Vale, two of Brazil’s largest companies, have begun to shed their assets in an attempt to improve their cash flows and continue on their ambitious investment projects while coping with dwindling profits and tumbling stock prices.
Both firms - symbols of Brazil's commodity-driven economic boom in recent years - are now struggling to maintain their investment commitments amid production decreases among other problems, for Petrobras, and falling commodity prices for Subscribe to our Premium Membership Plan. Already Subscribed? Login Here