Asian stock markets closed mostly higher on Monday (16), after Wall Street ended the last week in a positive tone. The South Korean Kospi index advanced 0.58% in Seoul, to 2,399.86 points, and the Taiex rose 0.69% in Taiwan, to 14,927.01 points. Hang Seng gained only marginally in Hong Kong, 0.04% to 21,746.72 points. In […]
Suzanne
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
World Economic Forum starts today with world eyes on post-attack Brazil
The World Economic Forum opens this Monday (16th) in Davos, Switzerland. The theme of this year’s annual meeting, which will bring together political, business and civil society leaders, will be “Cooperation in a fragmented world”. THE CNN confirmed that the Minister of Finance, Fernando Haddad, and the Minister of the Environment, Marina Silva, will represent […]
Russia’s war in Ukraine triggered historic food crisis
Grain is once again leaving Ukrainian ports. The price of fertilizer is dropping dramatically. Billions of dollars in aid were mobilized. However, the world is still grappling with the worst food crisis in modern history, while Russia’s war in Ukraine has shaken global agricultural systems already struggling with the effects of extreme weather and the […]
Americanas: Judicial recovery is the most likely alternative, evaluates XP
In view of the recent information on the Americanas crisis, which, on Friday, the 13th, obtained a 30-day suspension of the early maturity of its debts in court, XP released reports to customers where it says it believes that the company now has two possible paths . One of them must be the negotiation of […]
Justice denies BTG’s request to suspend payment of Americanas debts
Judge Luiz Roldão de Freitas Gomes Filho, from the judicial branch of the Court of Justice of Rio de Janeiro (TJRJ), denied the interlocutory appeal filed by BTG Pactual against the decision of the 4th Corporate Court of the Capital District, which accepted the request of Americanas to suspend early maturities and effects of default. […]
BTG accuses Americanas shareholders of bad faith and premeditation
The fight between Americanas and its creditors should not be friendly at all after the company managed to protect itself in court against blockages and seizure of its shareholders’ assets. THE CNN had access to the petition presented this weekend by the lawyers of BTG Pactual, one of Americanas’ biggest creditors. The bank wants to […]
Value proposed by shareholders to settle Americanas debt is the target of an impasse
Negotiations regarding Americanas’ millionaire debt hit an impasse. The trio of investors Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira indicated an injection of BRL 6 billion in the company. The measure was announced on Friday (13), the same day that Judge Paulo Assed, from the 4th Corporate Court of Rio de Janeiro, complied […]
Americanas starts week with investors waiting for difficult negotiation with creditors
The week starts for Lojas Americanas with investors waiting for a definition on what should be a tough negotiation with the retailer’s creditors. On Friday, after the market closed, it became public that the Justice of Rio de Janeiro accepted the company’s request for judicial injunctive relief, a process that prevents the attachment or blocking […]
End of Covid zero help policy, but Chinese economy should lose strength in 2023
As China moves ever closer to fully re-emerging from three years of government-imposed Covid lockdown and reintegrating into the world, economic expectations are high. Beijing’s recent reversal of its strict Covid-zero strategy – which has long stifled local businesses – is expected to inject vitality into the world’s second-largest economy this year. Lockdowns and border […]
With debate on minimum wage, Lula has a meeting with Marinho this Monday
President Luiz Inácio Lula da Silva (PT) should meet this Monday, the 16th, with the Minister of Labor and Employment, Luiz Marinho, at the Planalto Palace. The appointment, scheduled for 3 pm, occurs at a time when the government is discussing what it will do with the minimum wage – whether or not it will […]
