Batista Gives Up OGX Control in $5.8B Debt Deal

Dec. 26 (Bloomberg) -- The Brazilian oil company controlled by one-time billionaire Eike Batista reached an agreement with creditors to convert debt of about $5.8 billion into a 90 percent stake in the company, two months after defaulting in Latin America’s biggest-ever corporate debt debacle. Alix Steel reports on Bloomberg Television's "Market Makers." (Source: Bloomberg)

Hong Kong Tycoon Says Property Rebound Could Last Years
35:26 - Hong Kong’s richest man signaled that the property rebound that’s been pushing up prices in the world’s most expensive housing market could persist for as long as two years as growing demand outweighs government curbs. Bloomberg's Prudence Ho reports on "Bloomberg Markets." (Source: Bloomberg)
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