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Braskem’s Mexico Unit Files for Chapter 11 Bankruptcy in US

Mexico’s Braskem Idesa SAPI, a joint venture between Brazil’s Braskem SA and the conglomerate of Mexican tycoon Carlos Slim, has filed for bankruptcy protection as mounting financial strain and a worsening liquidity crunch weigh on the company.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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