Brazil's Petrobras warns economy has changed forever as it books massive impairment
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RIO DE JANEIRO (Reuters) - Brazil's Petrobras took a 65.3 billion real (9.2 billion pounds) impairment on its exploration and production assets on Thursday, warning investors that changes in consumer behavior resulting from the coronavirus pandemic were likely permanent.The impairment led Petroleo Brasileiro SA , as the firm is formally known, to book a first-quarter net loss of 48.5 billion reais. The company wrote off the entire value of its shallow-water assets, and said it did not expect to..