Batista's OSX confirms filing for bankruptcy protection

RIO DE JANEIRO Mon Nov 11, 2013 2:47pm EST

RIO DE JANEIRO Nov 11 (Reuters) - OSX Brasil SA, the Brazilian shipbuilder controlled by former billionaire Eike Batista, filed on Monday for bankruptcy protection, according to a company spokesperson.

Earlier a source told Reuters of the filing, as the company followed through with plans announced on Friday.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.