Oi (OIBR3), a major Brazilian telecommunications company, has signed a significant deal with American Tower Corporation (ATC). This agreement involves transferring selected towers and properties to ATC, valued at R$41 million ($7.5 million). The deal marks a crucial step in Oi’s ongoing efforts to restructure its operations and settle debts. Oi’s financial struggles began in […]
Related Posts
Morgan Stanley Revises Dollar Outlook for 2024
Once bullish on the dollar, Morgan Stanley has revised its forecast to adopt a neutral stance on the U.S. currency. This change follows a decrease in Treasury yields and the Federal Reserve’s shift to a more dovish position. Originally, Morgan Stanley predicted a stronger dollar. Since mid-November, they expected an 8% rise in the Dollar […]
USS Preble’s Laser-Armed Deployment to Japan Signals U.S. Navy’s Strategic Shift
The USS Preble, an Arleigh Burke-class guided-missile destroyer, departed San Diego on September 22, 2024, bound for Yokosuka, Japan. This deployment marks a crucial step in the US Navy’s Project 33, aimed at confronting China by 2027. The Preble stands out among the 73 Arleigh Burke-class destroyers as the only one equipped with the HELIOS […]
Unexpected Drop in U.S. Unemployment Claims Amid Hurricane Aftermath
The number of Americans filing new unemployment benefit claims decreased unexpectedly last week. The US Department of Labor reported 241,000 seasonally adjusted initial state unemployment benefit claims for the week ending October 12. This figure represents a decrease of 19,000 claims from the previous week. Economists surveyed by Reuters had anticipated 260,000 claims. The previous […]