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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, DOWNBEAT GDP

U.S. first-quarter GDP report prompts inflation, growth concerns among investors

CEO of Brazil's Eletrobras plans to resign over asset sales -source

Reuters
A view of the headquarters of Brazil's power company Eletrobras in downtown Rio de Janeiro August 20, 2014. REUTERS/Pilar Olivares (Reuters)

RIO DE JANEIRO (Reuters) - The chief executive of Brazil's state energy holding company Eletrobras SA , Jose da Costa Neto, has prepared a resignation letter over plans by the new government to sell off assets of the cash-strapped company, a source with knowledge of the situation said on Friday. Costa Neto, who was appointed by suspended President Dilma Rousseff, is opposed to interim President Michel Temer's plan to privatise assets including Eletrosul and Furnas, the source said. (Reporting by Rodrigo Viga Gaier; Writing by Reese Ewing; Editing by Chizu Nomiyama)