Industries and markets

Sao Paulo court accepts Odebrecht recovery procedure; debts amount to US$ 22.3bn

“The recovery process aims to find a viable way for a debtor to continue its operations while giving it time to restructure its debt.”

Brazilian pensions’ reform faces new challenges

“The Brazilian government’s plans to overhaul its pension system can still be saved if lawmakers reverse changes to transition rules and concessions to legislative aides, according to Economy Minister Paulo Guedes.”

AMLO asks Facebook’s Zuckerberg for help to expand internet coverage

“President López Obrador wants to connect the 20% who don’t have internet.”

Petrobras makes huge natural gas discovery in the Sergipe basin

“Newspaper O Estado de Sao Paulo reported on Sunday that the find was the largest since the sub-salt discoveries in 2006, and that Petrobras could extract up to 20 million cubic meters of natural gas

Latam stocks and currencies surged on Tuesday on favorable global news

“Latin American stocks and currencies surged on Tuesday with a dovish boost from the European Central Bank and positive headlines from the U.S.-China trade tensions boosting sentiment. MSCI’s index of Latin American stocks jumped 2%,

Chile to speed up $4 billion infrastructure plan to jolt economy

“It’s a powerful plan of economic reactivation, which will allow us to strengthen our country’s capacity to grow, to create jobs, and to improve wages,” the center-right president said at a public ceremony.”

Agreement to implement an ambitious Plata basin that benefits six countries

“The project seeks to improve water security, climate resilience and the health of ecosystems in the La Plata Basin, through the implementation of priority actions identified in the Strategic Action Program (PAE), agreed by the

Argentina opens an official inquiry into Sunday’s massive blackout

“Technical data from the “black boxes” of two companies responsible for electricity supply will be examined in depth, and the results of the investigation would be published in 15 days, Lopetegui said on Argentine radio.”

Brazil’s Odebrecht files for bankruptcy protection after years of graft probes

“Brazilian conglomerate Odebrecht SA filed on Monday for bankruptcy protection, aiming to restructure 51 billion reais ($13 billion) of debt in what would be one of Latin America’s largest-ever in-court debt restructurings.”

Video: Colombia deports undocumented Venezuelans entering Cucuta

“When border crossings between Venezuela and Colombia reopened, it came as a relief for Venezuelans desperate to cross over and get food, medicine and other things they can’t find at home.”