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UPDATE 1-PG&E settles California fire claims with local governments for $1 bln

SAN FRANCISCO, June 18 PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the governments said on Tuesday.

PG&E settles California fire claims with local governments for $1 bln

SAN FRANCISCO, June 18 PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the governments said on Tuesday.

Regulatory News, 4:34am IST

Puerto Rico board asks court for more time on members' appointments

SAN JUAN, June 18 Puerto Rico's federally created financial oversight board asked a federal appeals court on Tuesday to extend a July 15 deadline for its members to be confirmed by the U.S. Senate, citing concerns that missing it could harm an ongoing restructuring of the bankrupt U.S. commonwealth's debt.

2:44am IST

Brazil judge grants Odebrecht bankruptcy protection

SAO PAULO, June 18 A Brazilian judge on Tuesday granted bankruptcy protection to engineering group Odebrecht, beginning the process of restructuring 51 billion reais ($13 billion) of debt.

18 Jun 2019

PRESS DIGEST- Financial Times - June 18

June 18 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

18 Jun 2019

UPDATE 3-Brazil's Odebrecht files for bankruptcy protection after years of graft probes

SAO PAULO, June 17 Brazilian conglomerate Odebrecht SA filed on Monday for bankruptcy protection, aiming to restructure 51 billion reais ($13 billion) of debt in what would be one of Latin America's largest-ever in-court debt restructurings.

Brazil conglomerate Odebrecht files for bankruptcy protection

SAO PAULO, June 17 Brazilian conglomerate Odebrecht SA filed for bankruptcy protection on Monday, aiming to restructure 51 billion reais ($13 billion) in debt, according to a statement.

Regulatory News, 18 Jun 2019

Puerto Rico oversight board defends plan as way out of bankruptcy

June 17 Puerto Rico's federally created financial oversight board on Monday defended a new agreement with creditors, saying it will result in an affordable and sustainable debt level and allow the U.S. commonwealth to exit bankruptcy next year.

Regulatory News, 18 Jun 2019

UPDATE 1-Brazil court allows carrier Avianca Brasil to hold bankruptcy auction

SAO PAULO, June 17 A Brazilian appeals court ruled on Monday that airline Avianca Brasil should be allowed to hold a bankruptcy auction in which it is expected to sell its most coveted airport landing and departure rights.

17 Jun 2019

Brazil court allows carrier Avianca Brasil to have bankruptcy auction

SAO PAULO, June 17 A Brazilian appeals court ruled on Monday that airline Avianca Brasil should be allowed to hold a bankruptcy auction, in which it is expected to sell its most coveted airport landing and departure rights.

17 Jun 2019

Quote

Incidunt Ea Nesciunt Error Quasi Mollit

Dolores Autem Eiusmod Aliqua Tempora Commodo Commodi. Aute Minima Suscipit Autem Accusantium Occaecat Officia. Suscipit Amet Esse Incidunt Ut Magnam Molestiae.

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