Brazil sees Russian, Chinese and Spanish interest in north-south rail

Brazil’s planned auction of the rights to expand and operate the North-South railway between Tocantins and Sao Paulo states has drawn the interest of major operators from countries including Russia, China and Spain, a government official said on Friday. The official also said the government may grant the winner of a concession for the Ferrogrão railway project in northern Brazil exclusive rights to operate along those rails to compensate for roughly $4 billion in needed investments. Source: Reuters Creditors of Brazil’s Oi balk at revised debt restructuring plan The two biggest bondholder groups in Brazilian telephone operator Oi said on Friday they “strongly oppose” the terms of a new debt restructuring plan the company intends to present in bankruptcy court. […]

This site uses Akismet to reduce spam. Learn how your comment data is processed.


CIO Monthly October 2022: Accelerating Trust for Financial Services

Surge in dark data a growing danger for organizations Dark...

U.S. unions lodge first Mexico labor grievance under new NAFTA

The AFL-CIO, the biggest U.S. labor federation, on Monday...

Argentina’s cashless king targets Latin America’s unbanked millions

Digital banking startup Uala will double the size of...