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Headlines
Brazil Central Bank Liquidates REAG for 'Serious Rule Violations'
Brazil's central bank ordered on Thursday the liquidation of brokerage REAG, currently known as CBSF, according to a document signed by Governor Gabriel Galipolo, in the latest fallout from the collapse of mid-sized lender Banco…
State Steps in to Fund Domo’s Insolvent German Chemical Site
Germany’s state of Saxony-Anhalt will temporarily finance Domo Chemicals GmbH’s insolvent plastics production site in Leuna to prevent a potentially damaging shutdown, Bloomberg News reported. The plant, which makes plastics used…
Brazilian Tycoon Steinbruch to Sell CSN Assets to Slash Debt
Brazilian steel-to-energy conglomerate CSN plans to divest key assets to reduce its heavy debt burden as high interest rates squeeze financing and weigh on investment, Bloomberg News reported. The group, controlled by the…
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