South America

Results for South America

Venezuela Ordered To Pay Canadian Miner Rusoro More Than $1.2 Billion

An international arbitration tribunal has ordered Venezuela to pay a Vancouver-based mining company more than $1.2 billion ($1.5 billion Cdn.) for expropriating its gold mines. Venezuela took over Rusoro Mining’s investments in the country as part of a n ...

Daily Headline - global.abi.org - 08/23/2016 - 22:52 - 0 comments

Chileans Protest Against Private Pensions

Thousands of Chileans took to the streets nationwide on Sunday to demand a dismantling of a private pension system criticized for providing retirees with low payouts, The Wall Street Journal reported. The backlash against the system follows years of ...

Daily Headline - global.abi.org - 08/22/2016 - 06:16 - 0 comments

Brazil Ruling Allows Bailout of Rio 2016

to the injunction as a major risk to the Paralympic Games, which run Sept. 7-18 and are threatened by ...

Daily Headline - global.abi.org - 08/18/2016 - 00:01 - 0 comments

Banks, Bondholder Group Eye Brazil's Oi Debt Relief

Banks and bondholders accounting for more than half of Oi SA's debt of 65.4 billion reais ($20 billion) are considering proposing a 5-year grace period and lower borrowing costs to speed up the Brazilian phone carrier's in-court reorganization, ...

Daily Headline - global.abi.org - 08/16/2016 - 22:38 - 0 comments

Sete Brasil To Seek Up To $5 Billion Funding In Reorganization Plan

sought court protection against 18 billion reais ($5.7 billion) in looming debt payments. Rio de ... business, three months after the Brazilian rig leaser sought court protection against 18 billion reais ($5.7 ...

Daily Headline - global.abi.org - 08/14/2016 - 17:01 - 0 comments

Venezuelans Travel Miles to Shop in Colombia After Border Opens

Venezuela President Nicolás Maduro’s decision to reopen the border with Colombia grants his countrymen a lifeline of crossing into frontier towns to buy what they need. Five border crossings opened Saturday under a plan announced by the presidents of bot ...

Daily Headline - global.abi.org - 08/14/2016 - 17:01 - 0 comments

Brazil's BNDES Posts Hefty Quarterly Loss On Provision Jump

State development bank BNDES, Brazil's main source of long-term credit for companies, posted a net loss in the second quarter, reflecting the burden of soaring loan-loss provisions as corporate defaults and bankruptcies hit all-time highs. In a Frid ...

Daily Headline - global.abi.org - 08/14/2016 - 17:03 - 0 comments

Brazil Oi's In-Court Reorganization Helps Ease Cash Burn

0.43 percent at 2.33 reais on Thursday. On the financial side, the suspension of pending debt payments ...

Daily Headline - global.abi.org - 08/11/2016 - 21:45 - 0 comments

Venezuela Has Good Reasons to Avoid Default

With Venezuela's economy veering into depression and Venezuelans scrambling to find basic goods, the government's decision to keep servicing the country’s $68bn in external bonds has been called everything from “crazy” to “a crime against human ...

Daily Headline - global.abi.org - 08/11/2016 - 22:09 - 0 comments

Brazil's Bom Jesus Offers Creditors Debt-For-Land Swap In Reorganization

Grupo Bom Jesus, a Brazilian grain producer that filed for bankruptcy protection in May, has offered creditors stakes in a farm that could be later sold, in an effort to restructure 2.6 billion reais ($826 million) in debt, Reuters reported. According to ...

Daily Headline - global.abi.org - 08/10/2016 - 21:41 - 0 comments

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