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