Shares in Brazil's Petrobras slide after $17 billion charge

April 23, 2015 3:23 PM

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RIO DE JANEIRO (Reuters) - Shares in Brazil's state-run oil company Petrobras (PETR4.SA)(PBR.N) fell 5 percent on Thursday, a day after it reported the largest loss ever on $17 billion in charges, giving investors a deeper look at the fallout from a huge corruption scandal.

Preferred shares pared losses after a sharp opening selloff in Sao Paulo as traders weighed the greater transparency and new management struggling in the aftermath of a widespread scandal.

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