South America

Results for South America

Temporary, Casual And Self-Employed Account For 75% Of Workers

Three-quarters of the world’s workers are temporary, casual or self-employed and this sort of employment is likely to become more prevalent, says the International Labour Organisation. The ILO, a UN agency that specialises in work, analysed employment pa ...

Daily Headline - global.abi.org - 05/18/2015 - 23:16 - 0 comments

Itaú-led Group Sues Brazil's Schahin For $371 Million In Overdue Loans

Thirteen Brazilian and international banks filed a lawsuit in New York on Tuesday against two units of ailing engineering and oil conglomerate Grupo Schahin to recover $371 million in overdue principal and interest on loans, Reuters reported. The lawsuit ...

Daily Headline - global.abi.org - 05/13/2015 - 22:30 - 0 comments

Venezuela’s Economy Suffers as Import Schemes Siphon Billions

For years, Venezuela has had a hole in its pocket, a very big hole. The government’s complex currency system has led to exorbitant schemes by importers, who wildly inflate the value of goods brought into the country to grab American dollars at rock-botto ...

Daily Headline - global.abi.org - 05/05/2015 - 21:52 - 0 comments

Brazil's OAS Says Scandal, Restructuring To Halve Revenue

revenue would plunge to around 3.133 billion reais ($1.04 billion) in 2017 from 7.151 billion reais in ...

Daily Headline - global.abi.org - 04/22/2015 - 21:01 - 0 comments

Argentina Casts A Wide Net For Cash

Argentina’s thirst for dollars has been temporarily quenched by a $1.4bn bond sale but a state visit to Russia this week is unlikely to yield significant support for its languishing economy, the Financial Times reported. Hindered from issuing debt in ...

Daily Headline - global.abi.org - 04/22/2015 - 21:04 - 0 comments

Another Petrobras Subcontractor Files for Bankruptcy

Another Brazilian company has fallen to the corruption scandal surrounding Brazil’s petroleum giant, Petrobras: Schahin Group requested on Friday a bankruptcy court’s protection for 28 of its subsidiaries. The company’s statement said that the filing cov ...

Daily Headline - global.abi.org - 04/19/2015 - 19:36 - 0 comments

Nearly Half Colombia Oil Companies At Risk Of Insolvency -Watchdog

Forty-three percent of companies in Colombia's oil sector are at high risk of going bankrupt as the industry reels from the recent halving of oil prices, according to a survey presented to the Andean country's congress this week, Reuters report ...

Daily Headline - global.abi.org - 04/16/2015 - 22:00 - 0 comments

BNDES Sees Oil Rig Supplier Sete Brasil Reorganization By June

reais ($3.7 billion) in loans to Sete Brasil that matured this month, extending them for a further 90 ...

Daily Headline - global.abi.org - 04/16/2015 - 22:04 - 0 comments

Brazil's Ruling Party Treasurer Arrested, As Corruption Probe Circles Rousseff Government

Police arrested the treasurer of Brazil's ruling Workers' Party on Wednesday, bringing the country's largest corruption scandal a step closer to President Dilma Rousseff's government, The Sydney Morning Herald reported. Joao Vacca ...

Daily Headline - global.abi.org - 04/16/2015 - 00:00 - 0 comments

Creditors Agree Not To Execute On OGX DIP Financing

Creditors of Brazil's OGX Petroleo e Gas, the bankrupt oil company created by tycoon Eike Batista, agreed not to execute payments or guarantees stipulated in a debtor-in-possession (DIP) financing secured in 2014 by the company, Reuters reported. In ...

Daily Headline - global.abi.org - 04/12/2015 - 22:16 - 0 comments

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