Brazil entered the list of the top 20 countries in a world ranking of ecosystems of small technology companies (startups). The country climbed 17 positions and figured in the world elite in the survey that takes into account the quantity and quality of startups. The survey analysed 1,000 companies in 100 cities around the world.
Source: Money Times
Day: June 12, 2020
Fall of Brazilian papers in NY is a indication of fall in the stock market
The main indexes of the American stock exchanges melted, this Thursday, with the investors worried about a new wave of the coronavirus. Brazilian assets did not escape the drop. IShares MSCI Brazil (EWZ), one of the most important index funds in the world and the largest listed in New York and backed by Brazilian stocks, closed the day with a 7.74% decrease. Like the indicator, Brazilian stock receipts (ADRs) also operated in the red.
Source: Exame
Latam Airlines bondholders negotiate up to $ 1.5 billion in new cash
A bondholder’s group Latam Airlines Group SA is in talks to borrow up to $ 1.5 billion in new money in the company. The loan would be a borrower loan in possession, known as DIP, a type of credit common to Chapter 11 recovery proceedings in the United States.
Source: UOL Economia
Petrobras shares, traded in NY, plummet 5% as oil falls
Representations of Petrobras shares, traded on the New York Stock Exchange, fell more than 5% on Thursday morning (11), following the fall in oil prices in the international market. The asset (PBR.A), which is equivalent to the preferred shares of the state-owned company, depreciated 3.82% to US $ 8.19. The (PBR), which corresponds to the common shares, fell 5%, to $ 8.40.
Source: Money Times
Vale signs $ 25 mm agreement to end action on Fundão dam
Vale informed that it reached an agreement in the New York Courts to end the class action of the holders of American Depositary Receipts (ADRs) of the mining company in the process related to the breach of the Samarco Fundão dam, which occurred in November 2015. In a material fact, the mining company said it would pay $ 25 million. The final sentence will still be given by the judge who will close the case definitively.
Source: Infomoney
