South America

Results for South America

Argentines Say Mauricio Macri’s Policies Aren’t the Solutions They Promised to Be

Argentina’s shrinking economy and high unemployment are triggering ever-louder grumbling from its citizens, posing problems for President Mauricio Macri in a country where economic discontent has undone previous leaders, The Wall Street Journal repor ...

Daily Headline - global.abi.org - 09/25/2016 - 18:44 - 0 comments

Venezuela Crises Compound as Oil Industry Falls Into Disarray

Venezuela’s petroleum industry, whose vast revenues once fueled the country’s Socialist-inspired revolution, underwriting everything from housing to education, is spiraling into disarray, the International New York Times reported. To add insult to in ...

Daily Headline - global.abi.org - 09/20/2016 - 23:15 - 0 comments

Airlines Furious As Brazil Lists Ireland As Tax Haven

tax haven, which means about 1 billion reais (€273.7m) in new taxes on aircraft leases for carriers ... Brazilian companies, costing airlines about 1 billion reais (€273.7m) on leasing contracts that are signed ... about 1 billion reais (€273.7m) in new taxes on aircraft leases for carriers struggling to regain ...

Daily Headline - global.abi.org - 09/19/2016 - 20:45 - 0 comments

Brazil Court Delays Ruling On Grupo OAS Debt Plan For Two Weeks

A Brazilian state appeals court postponed on Monday a vote on the legality of several aspects of Grupo OAS SA's restructuring plan for at least a couple of weeks, adding uncertainty to efforts by the debt-laden engineering conglomerate to emerge fro ...

Daily Headline - global.abi.org - 09/19/2016 - 20:46 - 0 comments

Brazil Listed Homebuilder Viver Files For Bankruptcy Protection

Viver Incorporadora & Construtora SA filed for bankruptcy protection on Friday, becoming the first listed Brazilian homebuilder ever to seek an in-court reorganization amid a harsh recession, tough refinancing conditions and slumping home prices, Reu ...

Daily Headline - global.abi.org - 09/18/2016 - 18:14 - 0 comments

Pharol, Société Mondiale End Dispute Over Brazil's Oi, Sources Say

The top two shareholders in Oi SA have agreed to end their dispute over the future of Brazil's largest fixed-line carrier, which is mired in a protracted bankruptcy protection process, two people briefed on the matter said on Tuesday. Under terms of ...

Daily Headline - global.abi.org - 09/14/2016 - 23:18 - 0 comments

Brazil Prosecutors File Charges Against Ex-President da Silva and His Wife

Brazilian prosecutors filed criminal charges against former President Luiz Inácio Lula da Silva and his wife in connection with a vast graft scandal, raising the prospect that the nation’s most towering political figure could land behind bars, The Wall ...

Daily Headline - global.abi.org - 09/14/2016 - 23:18 - 0 comments

Chile Pension Reform Comes Under World Spotlight

The man who masterminded Chile’s world-famous privatised pension system still calls it the “Mercedes-Benz” of retirement systems, but that has proved an enraging comparison when the average pensioner is eking out an income that turned out to be less than ...

Daily Headline - global.abi.org - 09/12/2016 - 22:24 - 0 comments

Group Of Oi Bondholders Reject In-Court Reorganization Plan

The reorganization plan presented by Brazilian phone carrier Oi SA to a bankruptcy court this week was rejected by a group of bondholders on Thursday, who accused the company of putting the interests of shareholders first, Reuters reported. The steering ...

Daily Headline - global.abi.org - 09/08/2016 - 22:21 - 0 comments

Uncertainty Over Brazil Samarco Mine Hinders Restructuring, Firm At Risk

Almost a year after a deadly dam spill at the Samarco mine, owned by BHP Billiton and Vale, there is still no date for restarting operations, complicating attempts to restructure Samarco's debt and increasing the possibility the miner may be allowed ...

Daily Headline - global.abi.org - 09/08/2016 - 22:23 - 0 comments

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