Batista's worth went down 74% after losing more than US$30 billion. The richest man in Brazil, Eike Batista, saw his worth go down 74% this year.
Tags: Brazil
Samsung faces USD108 million lawsuit in Brazil over labor violations
A labor rights group reported that the Brazilian government filed a USD108 million lawsuit against Samsung for its labor violations.
Honda invests USD 440.55 million for new Brazil car plant
Honda Motor Co announced its plans to build a new car plant in Brazil. Honda Motor Co announced its plans to build a car plant in Brazil. The investment will cost the Japanese car manufacturer USD 440.
H.I.G. Capital Brazil invests in LG Sistemas
H.I.G. Capital announced the investment of its Brazilian affiliate in LG Sistemas. Private equity investment firm H. I. G. Capital announced the strategic investment of its affiliate in Brazil of LG Sistemas.
Unidas plans for IPO
Unidas announced plans for a public offering. Unidas, the Brazilian car rental company, announced plans for a public offering. The company said that they plan to use the funds from the public offering to finance potential acquisitions.
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Oi SA would sell its undersea cables and towers worth US$1 billion so that it could reinforce the funding for the company.
According to a source, the sale of ThyssenKrupp's Brazilian steel mill was not imminent. The intended sale of the steel mill of ThyssenKrupp in Brazil was unlikely to transpire right away, a source familiar with the transaction said.
Latin American currencies low as investors waited for results of Fed's meeting. Latin American currencies changed little last Tuesday as investors waited for the results of the US Federal Reserve's latest meeting.
Petroleo Brasileiro SA's acquisition of Angolan LNG's first cargo was expected to lessen the shipping demand.
Investors retracted US$13.9 billion from equity mutual funds invested in Brazil, Russia, India and China.
The leading global mid-market investment bank furthers its bid to cater to Latin America and Brazil based clients with the acquisition of Stratus Group's financial advisory division.
Brazil's benchmark Bovespa stock index increased by 2% after investors picked up Vale and OGX. On Thursday, Brazil's benchmark Bovespa stock index increased by 2%.
The protests in Brazil, Egypt and Turkey should push governments around the world to provide crucial public services and opportunities to their citizens.
Brazilian are hitting the streets to show dissatisfaction Brazil citizens are hitting the streets in mass protests as they rally poor public schools, hospitals and transport.
