Brazil’s Azul to Buy Part of Avianca’s Assets for US$105 Million
Brazilian airline Azul announced Monday it had made a proposal to buy part of Avianca Brasil's operations for US$105 million.
March 11, 2019Topic
Debt
Caixa Announces Reduction of Interest Rate on Credit Cards
Caixa Econômica Federal announced the reduction of interest rates on credit cards, which now ranges from 8 to 11 percent...
April 12, 2017
Without Funds Rio’s UERJ Postpones Start of Classes
Facing the worst financial crisis in its history, state university has delayed start of classes related to second semester of...
March 10, 2017
Oi’s Largest Shareholder Rejects Recovery Plan in Brazil
One of Brazil's largest telecom companies, Oi, filed for bankruptcy recovery in June of 2016 with debts totaling over R$65...
January 30, 2017
Investors More Optimistic About Brazil’s Petrobras in 2017
In addition to US$4 billion secured in new bonds, company received US$5 billion financing from China Development Bank and finalized...
January 11, 2017
Brazil’s Government Announces New Stimulus Plan
While some say that the measures are positive start, others claim it is a diversion from the escalating political turbulence...
December 16, 2016
Brazil Government Freezes Rio’s Bank Accounts Due to Debt
Rio won't be able to pay wages and maintain social programs until it has paid its R$170 million debt to...
November 8, 2016
Brazil Household Consumption Intent Drops 21 Percent
Brazil's National Confederation of Trade in Goods, Services and Tourism (CNC) reported that the Consumer Intention of Families decreased by...
July 14, 2016
Telecom Oi Files for Largest Ever Judicial Recovery in Brazil
The judicial recovery of Telecom Oi request is said to be the largest in Brazil’s history.
June 21, 2016