This website’s original language is English. For translation, click the globe icon or choose Translate in the menu.
8 matching records found
A Petrobras SA executive who sits on Braskem SA’s board says he expects the Brazilian petrochemicals producer will be able to reach a deal with creditors to restructure some $11 billion of debt and avoid a bankruptcy filing.
The agency cannot estimate recovery prospects because the last consolidated accounts date from June 2025. A Rio court restored the bankruptcy in August. The post The Fitch Oi Rating Went From Restricted Default to Default, and Then Was Withdrawn appeared first on The Rio Times.
Board of trustees recommends that the main building be closed immediately due to costs, US newspaper reports.
LIV shook professional golf with flashy tournaments and big payouts, thanks to billions of dollars in backing from the Saudi sovereign wealth fund. On today’s Big Take podcast, David Gura and Golf.com senior writer Sean Zak look at why LIV Golf couldn’t make the cut — and how it changed pro golf. Listen wherever you get your podcasts. (Source: Bloomberg)
LIV Golf filed for bankruptcy protection, a dramatic fall for the Saudi-backed league that had big ambitions to challenge the supremacy of the PGA Tour. Randall Williams has more on "Bloomberg The Close." (Source: Bloomberg)
Casas Bahia filed for judicial recovery on 17 August owing R$17.3 billion. A top labor court upheld an order blocking its mass layoffs, and a tax probe names it as a beneficiary. The post Brazil’s Casas Bahia Files for Court Protection Over Its Debt appeared first on The Rio Times.
A Singapore court’s landmark decision allowing administrators of bankrupt Indonesian textile maker PT Sri Rejeki Isman to pursue assets in the city-state may open a new route to recoveries for investors in other insolvent Indonesian firms with links to Singapore.