Brazil

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Brazil’s Economy Shows More Signs of Weakness

Brazil’s troubled economy showed more signs of deterioration on Tuesday as consumer confidence sank to a record low and unemployment climbed, The Wall Street Journal reported. It is the latest blow to a country beset with high inflation, a slumping c ...

Daily Headline - global.abi.org - 08/25/2015 - 21:33 - 0 comments

Petrobras Uneasy With Aspects Of Sete Restructuring

State-controlled Petróleo Brasileiro SA is growing uneasy with some aspects of the business reorganization of ailing oil-drilling-rig builder Sete Brasil Participações SA, a situation that may pose risks on the refinancing of $3.8 billion in debt, two so ...

Daily Headline - global.abi.org - 08/24/2015 - 21:44 - 0 comments

Brazil Jobless Rate Hits Five-Year High

deterioration in Brazil’s labour market, rattled investors. The real fell by 0.8 per cent in early trading ...

Daily Headline - global.abi.org - 08/20/2015 - 18:39 - 0 comments

Brazil Stocks Drops With Real as Rousseff Setback Sinks Bonds

Brazilian stocks fell, the real led global currency declines and local bond yields rose to records as dim prospects for Latin America’s largest economy weighed on investor sentiment, Bloomberg News reported. The real dropped to a 12-year after President ...

Daily Headline - global.abi.org - 08/06/2015 - 17:12 - 0 comments

Brazil Bankruptcy Protection Requests Hit Record As Economy Slumps

Brazilian companies this year have filed the largest number of bankruptcy protection requests on record, credit research firm Serasa Experian said on Wednesday, the latest symptom of the nation's most severe economic downturn in 25 years, Reuters re ...

Daily Headline - global.abi.org - 08/05/2015 - 21:40 - 0 comments

Deadbeat Ex-Billionaire Batista Daring Bondholders To Seize Ship

Out in the Atlantic Ocean, 130 miles off the coast of Brazil, an oil ship the length of New York City’s Chrysler building is at the center of an escalating legal war. This battle pits the crude producer founded by Eike Batista, Brazil’s most notorious ex ...

Daily Headline - global.abi.org - 08/03/2015 - 20:12 - 0 comments

Brazilian Police Arrest José Dirceu, Ex-Chief of Staff, in Petrobras Probe

A corruption probe threatening to engulf Brazil’s government intensified as police arrested a former top minister of ex-President Luiz Inácio Lula da Silva for allegedly orchestrating a scheme that looted billions of dollars from oil giant Petróleo Brasi ...

Daily Headline - global.abi.org - 08/03/2015 - 20:17 - 0 comments

Brazil: Engine Trouble

product this year of 2.5 per cent, down from positive 0.1 per cent last year. Among large emerging ...

Daily Headline - global.abi.org - 08/02/2015 - 22:31 - 0 comments

S&P Warns Brazil Credit Rating At Risk

Standard & Poor’s warned Brazil on Tuesday that its investment grade rating was at risk as falling growth and political infighting hurt efforts to restore order to public finances. The agency placed Brazil’s foreign currency rating, which is one notc ...

Daily Headline - global.abi.org - 07/28/2015 - 20:21 - 0 comments

Brazil Court Approves DIP Loan For Engineering Firm OAS

A Brazilian court approved a debtor-in-possession loan to engineering firm OAS SA, the company said, after it earlier this year filed for bankruptcy protection in the wake of a corruption investigation that shut its access to refinancing. In a statement ...

Daily Headline - global.abi.org - 07/15/2015 - 22:37 - 0 comments

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