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M. Continuo

Shares in Brazil's Petrobras drop 6 percent after $17 billion charge


    RIO DE JANEIRO (Reuters) - Shares in Brazil's Petrobras opened down 6 percent on Thursday after it took charges totaling $17 billion in its long-delayed audited results published late on Wednesday.

    The writedowns led Petroleo Brasileiro SA, as the company is formally known, to post a 2014 loss of 21.6 billion reais ($7.2 billion).

    (Reporting by Stephen Eisenhammer; Editing by Chizu Nomiyama)