Brazil

Results for Brazil

Investment Firms Fight to Inject Cash in Brazil Carrier Oi

Three distressed asset funds have sued for the right to participate in a 4 billion reais ($1 billion) capital increase for Brazilian telecom Oi SA as part of its in-court restructuring, four sources with knowledge of the matter told Reuters this week. Th ...

Daily Headline - global.abi.org - 07/19/2018 - 01:28 - 0 comments

Brazil, India Corporate Debt Most Vulnerable to Rate Hikes

A 200 basis-point increase in interest rates could spark a sharp rise in the proportion of emerging market corporate debt issues at risk of default, with Brazilian and Indian firms most vulnerable, a report from McKinsey Global Institute showed. Followin ...

Daily Headline - global.abi.org - 06/18/2018 - 21:21 - 0 comments

Vitol-Led Group in Talks to Buy Nigeria Assets from Petrobras

A consortium led by top oil trader Vitol has entered exclusive talks to acquire stakes in Nigerian offshore fields that are held by Brazil’s Petrobras and its partners, industry sources said, Reuters reported. The assets are estimated to be worth up to $ ...

Daily Headline - global.abi.org - 06/18/2018 - 21:33 - 0 comments

Brazil’s Retreat Over Truckers’ Strike Heightens Investor Doubts

When Pedro Parente quit last week as chief of executive of Brazil’s state-controlled Petrobras, Latin America’s largest oil company, he used his resignation to lament his countrymen’s apparent disdain for market dynamics, the Financial Times reported ...

Daily Headline - global.abi.org - 06/05/2018 - 22:43 - 0 comments

Petrobras Shares Plunge After Surprise Diesel Price Cut

Shares of Brazil’s state-owned oil company Petrobras plunged nearly 15 per cent in early trade on Thursday after the company’s overnight announcement of a surprise diesel price cut to pacify striking truckers, the Financial Times reported. The Brazil ...

Daily Headline - global.abi.org - 05/24/2018 - 22:03 - 0 comments

U.S. Court to Hear Fight Over Brazil Telecom Oi's Bankruptcy Plan

A U.S. bankruptcy court is set to hear a dispute involving Brazilian telecoms company Oi SA and major shareholder Bratel Brasil SA, Bratel said on Wednesday, as investor discontent with Oi’s bankruptcy reorganization process shows no signs of abating, Re ...

Daily Headline - global.abi.org - 05/17/2018 - 00:14 - 0 comments

Four Firms Interested in Viracopos Airport

Brazilian development bank BNDES is in talks with four companies interested in acquiring the operation of Viracopos airport, the bank’s chief executive officer said on Tuesday. Viracopos’ operator filed for bankruptcy protection on Monday and CEO Dyogo O ...

Daily Headline - global.abi.org - 05/08/2018 - 23:18 - 0 comments

Brazil's Viracopos Airport Operator Files for Bankruptcy Protection

A company set up to operator Brazil’s Viracopos airport filed for protection from creditors on Monday, according to a securities filing, but assured that operations at the major cargo hub will remain normal, Reuters reported. Aeroportos Brasil SA, which ...

Daily Headline - global.abi.org - 05/07/2018 - 23:53 - 0 comments

Brazil Faces Default Risk After Missing Venezuela Loan Alert

Brazil’s government needs swift congressional action to avoid defaulting on loan guarantees it has made to Venezuela and Mozambique, Bloomberg News reported. Legislators must approve the use of up to 1.5 billion reais ($424 million) to honor loans that b ...

Daily Headline - global.abi.org - 05/02/2018 - 21:57 - 0 comments

Brazil Regulator Rejects Telefonica Fine-for-Investment Swap

The board of Brazilian telecoms regulator Anatel on Wednesday voted against a proposal by Telefonica Brasil SA to swap 3 billion reais ($861.08 million) in regulatory fines for new investments, Reuters reported. The Anatel board rejected the fine-for-inv ...

Daily Headline - global.abi.org - 04/26/2018 - 01:04 - 0 comments

Syndicate content