Exchange and politics impact Petrobras exchange, hackers steal billions in cryptos and what matters in the market

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Shares rise with nominee for Petrobras

Driven by Petrobras shares and reflecting a relief with advances in peace negotiations between Russia and Ukraine, the Brazilian stock market rose 1.07%, the 120,014 pointsthe highest level since August 27.

Global markets cheered on the prospect of a ceasefire in the Ukraine war, and most emerging currencies appreciated against the dollar, a sign of risk appetite. Here, the American currency dropped 0.35%, the BRL 4.76.

on IbovespaPetrobras shares rose 2.22% reflecting the choice of economist Adriano Pires for the presidency of the state-owned company. The advance came even on a day of falling oil.

On the positive side, retailers Via, Americanas and Magazine Luiza shot up more than 8% each one. These papers had not been following the rise of the Ibovespa this year, which was greatly influenced by companies related to commodities.

The “day after” of the Petrobras president change:

• The good performance of the shares was another sign that the market does not believe that the change will change the company’s fuel price policy, which has been criticized by President Jair Bolsonaro (PL).
• People close to the new nominee corroborate this view, but point out that he can build an alternative with Congress for the creation of a fund to mitigate the fuel surge.
• In a lecture to the military this Tuesday, Silva e Luna, the general who will leave the command of Petrobras, returned to defend the price policy and said that “there is no place for adventurers” in the oil company.
• Minister Paulo Guedes (Economy) stated that the change in command of Petrobras is not his problem and that he wishes the company’s new president good luck.
• Former President Lula (PT), leader in polls for voting intentions for the presidency, compared the company to Jesus Christ, said it was “sacrificed” and called Adriano Pires a “lobbyist”.
• The CVM (Securities Commission, a kind of market sheriff) opened an investigation into the disclosure of the exchange in charge of Petrobras, confirmed by the government this Tuesday. The state-owned company only sent a statement about the fact to the CVM after 8 pm

LinkedIn now accepts jobs for minorities

The social network LinkedIn changed its policy and said on Tuesday that it started to accept postings of vacancies for minorities.
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Understand: the decision comes after the repercussion of an ad taken down by the platform that said it gave preference to a black or indigenous person. The vacancy belonged to Laut (Center for the Analysis of Freedom and Authoritarianism).

• The case was reported by sheet two weeks ago and motivated public action by civil society entities. The organizations stated that the STF has already judged the constitutionality of affirmative actions and their compatibility with the principle of equality.
• After taking the ad off the air, LinkedIn said its policies did not allow jobs that excluded or showed a preference for professionals.
• On Tuesday, the network said it had updated its global ad policy to “allow the dissemination of publications that express a preference for professionals from historically disadvantaged groups in hiring in countries where this practice is considered legal.”

More on the job market:

The country registered a net balance of 328,500 jobs created with a formal contract in February. The result represents a drop of 17% compared to the same month last year.

Brazilian had forgotten R$ 1.65 million in the bank

Forgetting your house key, social security number and even the name of an old friend can be common for many people. But can you imagine someone not remembering that they had R$1.65 million waiting in the bank to be redeemed?

Understand: this was the largest amount redeemed so far by a Brazilian using the Central Bank’s Values ​​Receivable tool. The number is even more impressive because most people, around 13.9 million, have up to R$1 real lost in banks.

• In this first phase of the tool, R$ 4 billion will be released to 28 million CPFs and CNPJs.
• These resources are from amounts left in closed accounts with available balance, fees unduly charged in credit operations, capital quotas and leftovers from credit union participants and closed consortium resources.

How to make: Haven’t checked yet if you have forgotten money? The first step is to access the website valorareceber.bcb.gov.br and then login to gov.br with a silver or gold level. The Central Bank will then show the amount available in each institution and the reason for the return.

Hackers steal BRL 2.9 billion from Axie Infinity platform

Blockchain platform Ronin, used as the basis for popular online game Axie Infinity, said on Tuesday that hackers stole almost $615 million (R$ 2.9 billion) in cryptocurrencies from their systems.

The case represents one of the biggest thefts of digital assets on record.

Understand: Axie Infinity is an NFT game (non-fungible tokens; understand here) that has 2.8 million of active players daily.

• In the game, initially purchased NFTs are used in turn-based battles against the computer or other players, as in the Pokémon franchise.
• The game of Vietnamese origin moved $3.6 billion (R$18.5 billion) since its launch, according to its official website.

Chasing: Ronin said that hackers on March 23 stole around 173,600 ether tokens and 25.5 million USD Coin tokens. According to the company, which said it was working to find the stolen funds, most of the assets are still in the criminals’ digital wallet.