South America

Results for South America

As Brazil Tightens Belt, Other Woes Follow

electricity, bus fares and gasoline, and helped pushed annualized inflation to 7.1%, well above official target ...

Daily Headline - global.abi.org - 03/01/2015 - 20:36 - 0 comments

Argentina In No Rush To Re-Start Debt Restructuring Talks

Debt-holders who want to jumpstart restructuring talks with Argentina may have to wait until a court rules next month on whether to let a disputed bond payment go through, further extending a legal feud that has hobbled state finances, Business Insider ...

Daily Headline - global.abi.org - 02/23/2015 - 21:28 - 0 comments

Multinationals Face Scrutiny On Petrobras

As a virtual monopoly in a country with some of the most promising offshore oil reserves in the world, Petrobras has a web of relationships with most of the global leaders in the sector, the Financial Times reported. Those linked to the growing scand ...

Daily Headline - global.abi.org - 02/22/2015 - 23:28 - 0 comments

Loan Scandal Clouds Chile President Michelle Bachelet’s Reforms

Michelle Bachelet, Chile’s president, swept back to power in 2013 on the back of pledges to fight inequality and put an end to the deeply entrenched privileges enjoyed by the country’s traditional elite, the Financial Times reported. So her governmen ...

Daily Headline - global.abi.org - 02/22/2015 - 23:31 - 0 comments

Brazil's Eneva Proposes Up To 65 Percent Debt Haircut In Bankruptcy Plan

shares at 0.15 reais each. Read more. (Brazil) Creditors of Eneva SA stand to lose as much ...

Daily Headline - global.abi.org - 02/12/2015 - 22:20 - 0 comments

A Corruption Scandal at Petrobras Threatens Brazil’s Bond Market and Economy

engineering and oil services firms. The drop in the company’s spending will probably shave 0.75 percent off ...

Daily Headline - global.abi.org - 02/11/2015 - 22:45 - 0 comments

US Holders Of Defaulted Argentine Bonds Step Up Campaign For Full Repayment Of Loans

US holders of defaulted Argentine bonds have stepped up their campaign for full repayment of their loans by detailing how 14 senior Argentine officials experienced “dramatic and often unexplained increases” in their personal wealth during service in the ...

Daily Headline - global.abi.org - 02/10/2015 - 22:49 - 0 comments

Brazil Police Seize Luxury Cars, Cash From Fallen Tycoon Batista

Brazilian police said they seized seven cars, including a white Lamborghini, and $32,490 in cash, computers, watches and other items on Friday from embattled oil and mining tycoon Eike Batista, who is on trial for insider trading in Rio de Janeiro, Reute ...

Daily Headline - global.abi.org - 02/08/2015 - 23:27 - 0 comments

Brazilian Judge Expands Freeze to All of Eike Batista’s Assets

A judge in Rio de Janeiro has ordered the freezing of all of embattled businessman Eike Batista ’s financial assets and ordered the seizure of up to 1.5 billion reais ($547 million) of his physical assets, including real estate, The Wall Street Journal ...

Daily Headline - global.abi.org - 02/04/2015 - 21:48 - 0 comments

Brazil Court Seizes Some Of Builder OAS's Shares In Invepar

A court in Brazil's São Paulo state seized on Friday 8.9 percent of the shares that construction group OAS SA has in infrastructure company Investimentos e Participações em Infraestrutura SA, alleging that the debt-ridden group is in imminent risk o ...

Daily Headline - global.abi.org - 02/01/2015 - 22:38 - 0 comments

Syndicate content