Bloomberg Shareholders of oil-rig venture Sete Brasil Participacoes SA agreed to a plan to file for bankruptcy protection after its single client failed to present a viable book order. A Sete Brasil official confirmed that investors are backing the plan and declined to elaborate. Shareholders had set that day as a deadline for Petroleo Brasileiro SA to propose a …

  Bloomberg Investors who bought bonds in Argentina’s record-breaking sale have made $497 million in profit in just one day. The bonds that were sold for $16.4 billion now have a market value of $16.88 billion as of 4:48 p.m. in New York, according to prices compiled by Bloomberg. The notes, the first overseas debt sold by the country in …

  Bloomberg West Fraser Timber Co. and Canfor Corp., Canada’s largest lumber producers, are suffering from tepid demand in the U.S. where the recovery in the housing market is stuttering. U.S. housing starts fell a more-than-expected 8.8 percent last month, the Commerce Department said April 19. Housing demand isn’t strong enough to support lumber prices at current levels, according to …