OGX and its billionaire owner Eike Batista is recognized as the world's worst performing stock.
South/Central America
UPDATE: EBX Group collapses after Batista's exit
EBX Group's shares were considered worthless as the company officially breaks up today. (Photo : Reuters)This is Eike Batista. The exit of Brazilian billionaire Eike Batistsa from MPX Energia officially started the collapse of his former industrial conglomerate giant EBX Group.
Argentina's Elsztain backs out of IDB investment
Investor Eduardo Elsztain withdraws his support for IDB Holding. (Photo : Reuters)This is Argentinian investor Eduardo Elszatain. Argentinian investor Eduardo Elsztain withdrew his planned backing of IDB Holding Corporation, a member of Nochi Dankner's portfolio of companies.
Stolt-Nielsen and Sungas, Co-Owners of AGHL after Traspetrol Buy Back
Stolt-Nielsen and Sungas were now the new co-owners of AGHL after Traspetrol used its call option to buy back its shares in the company.
Gold Horizons Mining and Atlantis Gold SAC Joint Venture Receives Offer
Gold Horizons Mining and Atlantis Gold SAC joint venture receives offer (Photo : Reuters)The image is the logo of Gold Horizons Mining, which receivend an offer for joint venture with Atlantis Gold SAC.
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Chile allowed the state-owned miner, Codelco, to retain its US$1 billion profit for its new undertakings.
Brazil's CVM is investigating the put option of OGX initiated by its billionaire owner Eike Bautista.
MPE acquired Usina Sapucaia, an ethanol and sugar mill that has not been operating since 2010. (Photo : Reuters)The image is the flag of South America's largest economy, Brazil.
Citigroup sold its Uruguay operations to Itau Unibanco. (Photo : REUTERS)Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.
Barrick Gold Corp may take a writedown of about US$5.5 billion for its Pascua-Lama venture after gold's value shrunk.
David Neeleman, founder of JetBlue Airways was reported to put together an investment fund amounting to US$3.2 billion to buy back JetBlue and gain control in TAP.
David Neeleman is trying to put together $3.2 billion to regain JetBlue back and buy TAP-report (Photo : Reuters)Brazilian airline Azul owner, Davil Neeleman carrying a model plane.
Itau Unibanco bought 99.99% of BMG Seguradora. (Photo : Reuters)The image is an Itau Unibanco branch, the top global debt manager. The largest private sector bank in Brazil, Itau Unibanco Holding SA, had entered into an agreement to purchase insurance firm BMG Seguradora SA for the price of 85 million reais or US$39 million.
GM set to expand its operations in Mexico. (Photo : Reuters)The image is a GM parking lot with recently manufactured vehicles in a row. Last Wednesday, General Motors Co had unveiled plans for the expansion of its Mexican operations, investing US$691 million into the country.
