Brazilian power generator Eneva SA has reached a deal with creditors to suspend debt-servicing payments until Nov. 21 in order to preserve its cash flow and stabilize the company's operations, according to a late Friday securities filing.
Luxembourg-based steelmaker Ternium said on Tuesday it lost a court case to have the former chief executive of Usiminas Julian Eguren reinstalled at the helm of the Brazilian company.
Companies in Brazil filed 181 requests for bankruptcy protection in September, up 21.5 percent from August in the worst monthly result so far this year, credit research company Serasa Experian said on Monday. Compared with the same month a year earlier, the number of bankruptcy requests rose 16 percent.
RIO DE JANEIRO, April 19 Shares in Brazilian tycoon Eike Batista's iron ore miner MMX Mineracao e Metalicos SA fell nearly 6 percent to an all-time low on Tuesday on a report that the company is going to ask a Brazilian court for protection from creditors.
Claro Telecom Participações SA, the Brazilian wireless unit of Mexican telecom America Movil SAB de CV, asked Brazil securities regulator CVM on Thursday for permission to become a publicly listed company.
Seven of Brazil's biggest banks said on Friday they had reached a deal to expand their shared ATM network, Banco24Horas.
SAO PAULO, July 14 The founding family of Brazil's biggest retailer, GPA SA, sold almost all of its remaining stake in the company, now run by French group Casino, on Monday, raising 1.19 billion reais ($538 million).
Sales of new vehicles in Brazil have climbed about 30 percent so far this month from the same period of March, the president of national carmakers group Anfavea told journalists on Monday.
Aegea Saneamento e Participações, a Brazilian sanitation company, on Wednesday asked securities regulator CVM for permission to register as a publicly listed company, a step that often precedes issuance of new debt or shares.
Brazilian tycoon Eike Batista's bankrupt shipmaker and sister oil company are extending tests in the offshore Tubarão Azul field until March 7, according to a Wednesday securities filing.
WASHINGTON Conservatives are all smiles this week at an annual convention in Washington, celebrating President Donald Trump's win, but beneath the surface lurk tensions central to how Republicans will govern in the next two years and the 2018 election outlook.