EMERGING MARKETS-Brazil rises on Petrobras price, cabinet shake-up

Brazil's financial markets
rose on Wednesday, with the Bovespa stock index boosted by a
fuel price increase at state-run oil firm Petrobras and the
currency up on a potential shake-up in President Dilma
Rousseff's cabinet.
    Other Latin American financial markets rose as well as
investors took advantage of historic lows in asset prices.
    Preferred and common shares of Petroleo Brasileiro SA
 , as Petrobras is formally known, jumped
more than 7 percent after the company said late Tuesday it would
increase the price it charges for fuel at the refinery gate.
    Investors saw it as welcome news for the heavily-indebted
company, which has struggled this year with the fallout from a
massive corruption investigation.
    The advance in Petrobras shares helped put the battered
benchmark Bovespa index on track for its biggest
intraday gain in two weeks.

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