Tags Debt

Tag: Debt

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Caixa Econômica Federal, the second largest government-owned financial institution in Latin America, announced yesterday (April 11th) the reduction of interest rates on credit cards, which now ranges from 8 to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The delay of the transfer of funds from the Rio de Janeiro state government has postponed the return of classes at the Rio de Janeiro State University (UERJ) indefinitely. This...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Pharol SGPS, former Portugal Telecom and largest shareholder of Brazilian telecommunications operator Oi, said on Friday (January 27th) that it would only support an alternative reorganization plan if backed by...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After two years of pessimistic outlooks for one of Brazil’s largest companies, investors are starting to regain some confidence in the country’s oil giant, Petrobras. Earlier this week the company...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Along with his economic team and Congressional representatives, Brazil’s President Michel Temer announced on Thursday a set of ten measures that the government hopes will reverse the country’s worst recession...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL –Rio de Janeiro’s already critical financial situation suffered another blow on Monday, November 7th, with the news that the federal government was freezing all of the state government’s bank accounts until...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The National Confederation of Trade in Goods, Services and Tourism (CNC) reported yesterday, July 13th, that the Consumer Intention of Families was stable from June to July this year. However,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – One of Brazil’s largest telephone carriers, Oi, filed a bankruptcy recovery request on Monday, June 20th, in Rio de Janeiro after restructuring talks with major shareholders failed. The company is...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – After Brazil suffered its worst GDP decline in over 25 years, an increasing number of businesses are now starting to default on their debts. A survey released on Wednesday (April...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In four years time Petrobras will have a smaller structure but be much more profitable than today, assured the oil giant’s CEO, Aldemir Bendine on Tuesday, adding that the divestment...
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