Results for Brazil
- Main Unit Of Batista's MMX Requests Bankruptcy Protection
The main subsidiary of Brazilian tycoon Eike Batista's iron ore mining company MMX Mineracao e Metalicos SA filed a bankruptcy protection petition before a Brazilian court on Wednesday, Reuters reported. MMX Sudeste Mineracao SA, the unit that holds ...
Daily Headline - global.abi.org - 10/15/2014 - 22:16 - 0 comments
- As Money Runs Out, Fallen Brazilian Tycoon Batista Faces The Law
A year after the epic collapse of his industrial empire, Brazilian tycoon Eike Batista's financial and legal troubles appear far from over, Reuters reported. Once worth more than $30 billion and listed as the world's eighth-richest man by Forbe ...
Daily Headline - global.abi.org - 10/08/2014 - 22:17 - 0 comments
- Brazil's Batista Faces Criminal Charges
Brazil's federal prosecutors have filed criminal charges against Eike Batista, a once high-flying Brazilian businessman, compounding his legal troubles. Prosecutors in Rio de Janeiro charged Mr. Batista with financial crimes and requested the freezi ...
Daily Headline - global.abi.org - 09/14/2014 - 21:17 - 0 comments
- Recession Puts Brake On Brazil’s Once-Booming Car Industry
Workers in Brazil’s automotive industry have become accustomed to seeing their sector break new records, with Latin America’s biggest country becoming the fourth largest car producer in the world over the past decade, the Financial Times reported. Bu ...
Daily Headline - global.abi.org - 09/01/2014 - 20:42 - 0 comments
- Brazil Announces New Measures To Improve Credit Transactions
country's inflation-targeting policy. The central bank, between April of 2013 and April 0f 2014, had ...
Daily Headline - global.abi.org - 08/20/2014 - 20:38 - 0 comments
- Brazil's Oleo Sells Shares in Former OGX Gas Unit for $87 Million
Brazil's Oleo e Gas Participacoes SA, the bankrupt oil company controlled by Eike Batista, said yesterday that Brazilian buyout firm Cambuhy Investimentos bought shares worth 199.9 million reais ($87 million) that it held in Parnaíba Gás Natural, fo ...
Daily Headline - abi_admin - 08/08/2014 - 11:05 - 0 comments
- Portugal Telecom May Sue BES Over Unpaid Family Company’s Debt
Banco Espirito Santo (BES) could be sued over a loan that one of its founding family's holding companies failed to repay to Portugal Telecom, sources said on Thursday, as credit rating agencies downgraded the bank and its key shareholder. Still, Fin ...
Daily Headline - global.abi.org - 07/17/2014 - 21:25 - 0 comments
- Judge Approves Chapter 15 Protection For Brazilian Bank
A Florida federal bankruptcy judge on Tuesday approved Brazilian bank Banco Cruzeiro do Sul SA's petition for Chapter 15 bankruptcy, a decision that will provide the bank some protection in United States courts while it continues its primary insolve ...
Daily Headline - global.abi.org - 07/16/2014 - 22:05 - 0 comments
- Oi Partners Could Sue Portugal Telecom Over Debt Deal
Some large shareholders in Grupo Oi SA could sue partner Portugal Telecom SA if a debt investment made by the latter ends up in default, which could delay the companies' planned merger, a source close to the deal said, Reuters reported. Shareholders ...
Daily Headline - global.abi.org - 07/15/2014 - 21:28 - 0 comments
- Batista's OSX Brasil Suspends Dutch Unit's Creditor Payments
A Netherlands-based subsidiary of Brazilian tycoon Eike Batista's bankrupt shipbuilding and shipleasing unit OSX Brasil SA suspended payments to creditors after being granted protection by a Dutch court, Reuters reported. According to a securities f ...
Daily Headline - global.abi.org - 07/13/2014 - 23:14 - 0 comments