Results for South America
- Global Debt Exceeds $100 Trillion as Governments Binge, BIS Says
The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates, accordi ...
Daily Headline - global.abi.org - 03/09/2014 - 21:53 - 0 comments
- Brazil Court Suspends Deadline For OSX Restructuring Plan
A Brazilian court has suspended the deadline for shipbuilder OSX Brasil SA to present its restructuring plan under bankruptcy legislation until a new judge is appointed to the case, the company said in a statement on Thursday. The 60-day deadline to file ...
Daily Headline - global.abi.org - 02/27/2014 - 22:32 - 0 comments
- Argentina Takes Its Debt Case to the U.S. Supreme Court
Argentina has now staked the future of its debt, and perhaps its financial fate, with the United States Supreme Court. Yes, you read that right. Argentina wants the nine justices to weigh in on a case involving its obligations to holders of its governmen ...
Resource Article - global.abi.org - 02/27/2014 - 13:04 - 0 comments - 0 attachments
- Brazilian Court Blocks OSX From Joint Bankruptcy Filing With Oleo e Gas
A Brazilian court has barred shipbuilder and ship-leaser OSX Brasil SA from joining its bankruptcy protection petition to that of Oleo e Gas Participações SA, the oil company controlled by former billionaire Eike Batista, Reuters reported. Judges of the ...
Daily Headline - global.abi.org - 02/20/2014 - 23:38 - 0 comments
- Batista's Oleo E Gas Bankruptcy Can Add Foreign Units
case." Oleo e Gas stock fell 4.2 percent to 0.23 reais, on track for its sixth decline in seven days, in ...
Daily Headline - global.abi.org - 02/19/2014 - 21:45 - 0 comments
- Batista's OSX In Talks With Cerberus, Others Over DIP Financing
OSX Brasil SA, the bankrupt shipbuilding company controlled by former billionaire Eike Batista, is in talks with Cerberus Capital Management LP and a number of unnamed investors for a potential debtor-in-possession financing deal, Reuters reported. Curre ...
Daily Headline - global.abi.org - 02/17/2014 - 23:18 - 0 comments
- Batista's OSX, Bondholders In Talks Over FPSO Lease
OSX Brasil SA, the shipbuilding and ship-leasing company controlled by businessman Eike Batista, said in a regulatory filing on Monday that it was in talks with bondholders over the lease terms of an oil production ship, Reuters reported. The ship, OSX-3 ...
Daily Headline - global.abi.org - 02/10/2014 - 23:34 - 0 comments
- OGX Creditors to Inject $215 Million as Batista Bows Out
Creditors agreed to the terms of $215 million in funding for Eike Batista’s Oleo & Gas Participacoes SA that will strip control from the former billionaire, the oil company said in a statement, Bloomberg News reported. The arrangement with the compan ...
Daily Headline - global.abi.org - 02/09/2014 - 22:35 - 0 comments
- Inflation Fuels Crises in Two Latin Nations
Funeral home director Carlos Bianchi's dilemma over how much to charge for his coffins goes a long way in illustrating the economic woes plaguing both Argentina and Venezuela, The Wall Street Journal reported. The Argentine government's cur ...
Daily Headline - global.abi.org - 02/05/2014 - 23:59 - 0 comments
- Dad Can’t Buy Daughter Shoes as Argentine Currency Falls
Jorge Contrera checked a pair of soiled shoes from top to bottom, tried to buff them with his shirt sleeve, then paid 40 pesos ($5) for his 8-year-old daughter’s present. Before Argentina’s devaluation last month, he planned to surprise her with a new pa ...
Daily Headline - global.abi.org - 02/04/2014 - 23:59 - 0 comments