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, 2017Topic
Debt
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
Number of Defaulting Companies in Brazil Increased 11 Percent
After Brazil suffered its worst GDP decline in over 25 years, an increasing number of businesses are now starting to...
April 28, 2016
Brazil’s Petrobras Divestment Program to Increase in 2016
CEO says state-controlled oil giant will have a smaller structure but be much more profitable than today.
December 16, 2015
Brazil’s Petrobras Registers R$3.76 Billion Loss in Q3
Despite recent company troubles, foreign investors continue to show interest in Brazil's oil giant.
November 13, 2015