WORLD'S BEST INTERNET BANKS IN LATIN AMERICA 2010

Global Finance names the World's Best Internet Banks in Latin America 2010 NEW YORK, July 26, 2010 – Global Finance has announced the First Round winners in the "World's Best Internet Banks" competition in Latin America. This is the 11th ...

Emerging Markets: Brazil

ROUNDUP   By Antonio Guerrero   Petrobras, Brazil’s state-controlled oil company, is planning a $25 billion rights issue—one of the largest in history. The company hired Bank of America Merrill Lynch, Bradesco BBI, Citigroup, Itau BBA, Morgan Stanley and Banco ...

New Leader Promises To Heal Regional Wounds

NEWSMAKERS: COLOMBIA   By Antonio Guerrero   Juan Manuel Santos Colombians have reaffirmed their support for conservative politics and economics, electing the newest member of a growing group of right-wing Latin American leaders. President-elect Juan Manuel Santos won the run-off ...

Emerging Markets Roundup: Brazil

Roundup   By Antonio Guerrero   Hot property: Vale sells its aluminum business to Norsk Hydro In what is ranked as one of the largest acquisitions ever by a Norwegian company, Norway's Norsk Hydro aluminum producer signed a $4.9 billion ...

Rating Upgrade Vindicates Morales’s Policies

NEWSMAKERS: BOLIVIA   Rating Upgrade Vindicates Morales’s Policies   By Antonio Guerrero   Morales: High hopes for Bolivia’s econom y While many international investors have grown to distrust Bolivian president Evo Morales, a socialist who nationalized the hydrocarbons sector and telephone company, ...

Emerging Markets: Brazil

Roundup   By Antonio Guerrero   Cotton on: End of trade battle gives hope in ethanol dispute The Brazilian government launched the second phase of its economic stimulus plan, this time involving an estimated $883 billion in infrastructure investments through ...

Latin America Takes a Right Turn

RIGHT TURN   A rash of recent elections in Latin America has produced a marked swing to the political right. The region's new leaders are trying to strike a delicate balance as they attempt to build on their leftist predecessors' ...

Emerging Markets: Brazil

Roundup   By Antonio Guerrero   Meirelles: Reining in Brazil’s stimulus measures Brazil’s central bank moved to tighten monetary policy by raising bank reserve requirements on term deposits from 13% to 15% as of April 9. The central bank had ...

Emerging Markets: Brazil

Roundup   By Antonio Guerrero   Nacional, part of Wal-Mart’s rapidly expanding Brazilian arm With Brazil’s strong economic recovery fueling consumer demand, local and international retailers are increasing their market presence. Retail sales are expected to grow by 12% in ...

Newsmakers: Central Banker Under Fire

Argentina   By Antonio Guerrero   Redrado: Rejected presidential order to resign Argentina’s central bank presidents have long received low grades for their lack of independence. The situation has been exacerbated under Argentine president Cristina Fernández de Kirchner, who has ...

Emerging Markets: Brazil

Roundup   By Antonio Guerrero   Itaipu: Hydro plant blamed for near-nationwide blackout Banco do Brasil, controlled by the federal government, may seek up to $4.4 billion in primary and secondary share offerings during the first half of the year, ...

Emerging Markets: DR News

Banco do Brasil Establishes OTC-Traded DR Program   By GP   Banco do Brasil, one of the biggest banks in Latin America, has established an American depositary receipt program in the over-the-counter market. It selected BNY Mellon as depositary for ...