Results for Brazil
- Oi Bankruptcy Spurs Urgent Talk Of Brazil Rule Changes
Oi SA's decision to request protection from creditors in June accelerated discussions between Brazil's government and phone carriers to revamp telecommunications licensing regulations, said Igor Freitas, a board member at industry watchdog Anat ...
Daily Headline - global.abi.org - 10/19/2016 - 21:25 - 0 comments
- Major Shareholder In Brazil's Oi Urges Revamped Restructuring Plan
An activist minority shareholder in Oi SA urged the Brazilian phone carrier's board to revamp a bankruptcy protection plan presented last month, in a bid to neutralize growing pressure from large creditors like bondholders and banks. In a letter sen ...
Daily Headline - global.abi.org - 10/18/2016 - 19:44 - 0 comments
- Brazil Regulator 'Prepared' To Intervene In Oi If Needed
The head of Brazil's telecom watchdog Anatel said on Monday it was not the government's goal to intervene in Oi SA but that it must "be prepared" to do so should the country's largest fixed-line carrier fail to resolve its debt p ...
Daily Headline - global.abi.org - 10/17/2016 - 22:00 - 0 comments
- Brazil Judge Orders Trial for Ex-President Luiz Inácio Lula da Silva
A judge ruled that Brazil’s former President Luiz Inácio Lula da Silva must stand trial for allegedly using his influence to obtain government loans for a construction company seeking contracts in Angola, the prosecutors’ office said Thursday, The Wall ...
Daily Headline - global.abi.org - 10/13/2016 - 22:27 - 0 comments
- Former Brazilian President Lula da Silva Faces New Corruption Charges
Brazil’s federal prosecutors on Monday filed new corruption charges against former President Luiz Inácio Lula da Silva, this time for allegedly using his influence to obtain government loans for a Brazilian construction company in exchange for kickbacks ...
Daily Headline - global.abi.org - 10/10/2016 - 21:20 - 0 comments
- PDG Realty Denies Report It Is Filing for Bankruptcy Protection
PDG Realty SA said that it continues to discuss options with its financial advisers, denying a newspaper report that it would soon file for bankruptcy protection, the Brazilian homebuilder said in a securities filing, Reuters reported yesterday. PDG said ...
Daily Headline - abi_admin - 09/29/2016 - 15:10 - 0 comments
- Airlines Furious As Brazil Lists Ireland As Tax Haven
Brazilian airlines are up in arms over a decision by Brazil’s tax authority to list Ireland as a tax haven, which means about 1 billion reais (€273.7m) in new taxes on aircraft leases for carriers struggling to regain profitability, the Irish Times r ...
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