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Odebrecht O&G announces debt restructuring deal

Odebrecht Óleo & Gás SA, the offshore oil drilling firm owned by Brazil's Odebrecht SA, reached an agreement with more than 60 percent of its creditors for a restructuring of about $5 billion in debt, it said in a statement on Tuesday.

Gulf bidders emerge for UASC-linked shipping unit: sources

Gulf-based bidders have emerged for the part-owned subsidiary of United Arab Shipping Company (UASC) whose sale is key to finalizing the merger between UASC and German container shipping line Hapag Lloyd , sources close to the matter said.

S&P may disconnect the telecom services sector index

The S&P 500 Telecommunications Services Sector index as-we-know it may have to hang up on investors, as its creators are considering a restructuring of the once-hot index which has shrunk to just four companies from 14.

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Trump seeks to slash government spending in budget plan

WASHINGTON The White House on Tuesday will ask Republicans who control the U.S. Congress - and federal purse strings - to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit.