BRASIL: Petrobras Shares Suffer After $25 Billion Offering Delay.

BLOOMBRG/       Shares of Petrobras have fallen to their lowest price in four weeks after the sale of as much as $25 billion of stock was DELAYED until September because a price hasn’t been set in a related deal to buy oil reserves from the government. Petrobras needs the $25 billion to complete the 2010 portion of a $224 billion spending plan in the deep water pre-salt Tupi Field.  “The market gets a little disappointed,” said NYC asset manager Greg Lesko. “The election has people concerned. As we get closer to that, will there be enough time to get this done?”