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Indigenous group asks Brazil to say no to mega-projects

  AP A group representing Amazon indigenous people has urged Brazil’s National Development Bank to stop financing projects that cause environmental damage. After meeting with bank representatives, leaders of the Ecuador-based group known as the Coordinator of Indigenous Organizations of the Amazon Basin said in a statement that they also asked the bank to adopt policies that safeguard the rights ...

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Oi claims Aurelius can’t stop it from borrowing

  Bloomberg Struggling Brazilian telephone company Oi SA is arguing that its Dutch unit is free to use borrowed funds to lend to the parent company, according to a person with knowledge of the matter. In a response to a creditor lawsuit, Oi said that individual lenders don’t have the right to question the uses of the money they lent ...

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Argentina to borrow cash again, 15 years after default

  Bloomberg Argentina seeks to end 15 years of financial isolation on Monday when it sets out to borrow cash on international credit markets for the first time since a 2001 default. The country is looking to boost its struggling economy and settle a 15-year lawsuit by US investment funds which its ex-president Cristina Kirchner branded “vultures.” This week’s debt ...

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