Gafisa closes R$223m sale of Hotel Praia Ipanema to Glória Participações
Companies

Gafisa closes R$223m sale of Hotel Praia Ipanema to Glória Participações

The distressed builder exits a prime Ipanema beachfront asset, clearing project liabilities and setting up an ultra-luxu...

Declan Byrne 👁 70 💬 0
Rio Court Sets Aug. 25 Bankruptcy Hearing for Oi as Cash and Asset Sales Stall
Companies

Rio Court Sets Aug. 25 Bankruptcy Hearing for Oi as Cash and Asset Sales Stall

A Rio court will hear Oi's bankruptcy case on August 25. The operator says cash will run out this month, has agreed to c...

Declan Byrne 👁 42 💬 0
Iran War Buys BP Breathing Room but Complicates O'Neill's Turnaround
Companies

Iran War Buys BP Breathing Room but Complicates O'Neill's Turnaround

A wartime surge in oil and gas prices delivered BP its strongest quarter since 2022, but CEO Meg O'Neill still faces inv...

Declan Byrne 👁 42 💬 0