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Latam’s Attempt to Poach GOL’s Assets Thwarted by Legal Ruling
GOL Linhas Aéreas gained a US court’s approval to question Latam Airlines’ leaders in a notable legal development. This comes as GOL goes through bankruptcy protection in the US since January 27, 2024. The airline accuses Latam of breaking rules set during its financial redo. On February 12, 2024, the court addressed GOL’s claim. GOL […]
Missouri teams to petition for legal sports betting ballot initiative
Missouri’s professional sports teams announced Friday that they have launched an initiative petition drive to put the legalization of sports betting on the November ballot. The initiative is an attempt to sidestep the Missouri Senate, where bills to allow sports betting have repeatedly stalled. Missouri is one of just a dozen states where sports wagering […]
Brazil’s financial market expects further interest rate cuts
The Brazilian financial market anticipates further reductions in the Selic base interest rate. Forecasts for the end of 2023 have been adjusted from 12% to 11.75% and from 9.25% to 9% for the close of 2024. This information is based on the Focus survey released by Brazil’s Central Bank. This revision in the rate projection […]