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Constructora Armas requested its judicial reorganization as a measure to avoid bankruptcy

Constructora Armas requested its judicial reorganization as a measure to avoid bankruptcy

Financial Diary – Santiago A new company in the construction sector began a judicial reorganization process. Now it was the turn of Constructora Armas – a company linked to Grupo Armas -, which requested the opening of a judicial procedure for financial reorganization in the 10th Civil Court of Santiagoin order to organize its financial ...

Trump no longer bankrupt thanks to change in fundraising race

Trump no longer bankrupt thanks to change in fundraising race

Donald Trump’s fundraising surge, which threatens to overwhelm President Joe Biden’s carefully built-up monetary lead, was largely driven by a explosion of online donations immediately following his felony convictions. Biden, who had no major rivals in the primary or an army of lawyers to pay, has amassed a war chest of $212 million, a record ...

BP buys Bunge's stake in Brazilian biofuels company

BP buys Bunge’s stake in Brazilian biofuels company

Once the operation is completed, scheduled for the end of 2024, BP will acquire full ownership of Bioenergia of the Bunge brand The oil company BP agreed with the cereal company Bunge to buy a 50% stake in the Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for US$1.4 billionin a bid for the ...

Le Pen's rise prepares French debt market for years of suffering

Le Pen’s rise prepares French debt market for years of suffering

Bond investors are willing to impose a higher interest rate on French government loans for years, in a regime change that could have far-reaching consequences for Europe’s second-largest economy. Even if Marine Le Pen’s national rally fails to achieve an absolute majority in the next vote, Zurich Insurance Company and Neuberger Berman say the market ...

Ecuador suffers a national blackout due to failures in energy transmission lines

Ecuador suffers a national blackout due to failures in energy transmission lines

Ecuador suffered a nationwide blackout due to a transmission line failure that caused a cascading disconnection, leaving the nation of about 18 million people without power, government officials said. “We are concentrating all our efforts on solving the problem as quickly as possible”said Roberto Luque, Minister of Public Works, on the social network “There is ...

Brazilian iFood expects its revenue to increase by more than half next year

Brazilian iFood expects its revenue to increase by more than half next year

Brazilian food delivery company iFood expects revenue from its financial business to increase 52% in fiscal 2025, the company, owned by Dutch technology investor Prosus PRX, reported Thursday. The delivery company makes more than 80 million deliveries per month in the largest economy in Latin America and also offers financial services such as credit and ...

Lula gave support to Petrobras' attempt to explore the Equatorial Margin on the high seas

Brazil ends interest rate cuts as inflation expectations rise

Brazil's Central Bank decided on Wednesday to halt the cycle of rate cuts that began in August, while inflation expectations have risen. and financial markets have fallen due to difficulties in balancing the federal budget, while rate cuts in the United States seem further away. The bank's rate-setting committee, known as Copom, kept the Selic ...

Philip Morris Halted Online Sales of Zyn Nicotine Pouches Over Subpoena in US

Philip Morris Halted Online Sales of Zyn Nicotine Pouches Over Subpoena in US

Philip Morris International stopped online sales of its popular brand of Zyn nicotine pouches in the United States after receiving a citation in the District of Columbia related to flavored products that are prohibited there. Philip Morris said its preliminary investigation indicated there have been sales of flavored bags in D.C., “predominantly related to certain ...

Bbva would create a digital consumer bank in Germany to rival JPMorgan

Bbva would create a digital consumer bank in Germany to rival JPMorgan

Banco Bilbao Vizcaya Argentaria SA plans to open a digital consumer bank in Germany, using existing technology to expand at relatively low cost. The project is led by Javier Lipuzcoa, director of BBVA's digital bank in Italy, according to people familiar with the matter. The lender is currently preparing a feasibility study and is forming ...

European Central Bank is monitoring the markets after French turbulence

European Central Bank is monitoring the markets after French turbulence

The president of the European Central Bank, Christine Lagarde, said that officials are “attentive” to the evolution of financial markets, shortly after his colleague Philip Lane said he is not worried about the French turbulence. Policymakers answer questions following week of turmoil which wiped $258 billion off the country's stock market capitalization and caused French ...