Wednesday, 30 October 2013

Batista oil firm OGX files for bankruptcy



OGX, the Brazilian oil and gas company controlled by the billionaire tycoon Eike Batista, has filed for bankruptcy protection in a Rio de Janeiro court. The move came after OGX said long-running talks with creditors to restructure some of its $5.1bn (£3.2bn) debt failed on Tuesday. via Pocket http://www.bbc.co.uk/news/business-24751586#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa

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