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Headlines
Owners of Brazil's Braskem Finalizing Counter Proposal to $3 Billion Capital Demand
Controlling shareholders of Brazil's Braskem are finalizing a counter proposal for the company's creditors after balking at lenders' demands to inject $3 billion into the petrochemical producer, Reuters reported. "It would be…
More Than 220 Businesses Liquidated in South Africa in August
August saw 227 businesses liquidated in South Africa, 15.3% fewer than the previous year, bringing the year-to-date total to 1,828, BusinessTech.co.za reported. According to Stats SA, the number has also decreased year-on-year…
German Next2Sun Files for Insolvency After Unsuccessful Share Offering
German vertical bifacial photovoltaics firm Next2Sun AG has applied for the opening of insolvency proceedings in self-administration for parts of the company after it failed to reach its funding target in a share offering,…