Emerging Markets : Brazil

Brazilian oil giant Petrobras will use debt issuance to finance new offshore exploration. The Petrobras state-controlled oil company sold $1.5 billion of 10-year bonds on international markets in February. The deal, which carries a 7.875% coupon, was managed by HSBC, ...

Emerging Markets Roundup: Brazil

Brazil's air force is helping finance Embraer's $500 million development program for a new military transport plane Following Brazil’s recent credit boom, banks are starting to face increased customer arrears. A research report from BB Investimentos, a division of Banco ...

Emerging Markets Investor: News

FIRST COLOMBIAN ETF TRADES ON NYSE ARCA The first exchange-traded fund that seeks to replicate the performance of the 20 most-liquid securities in the Colombian market has begun trading on NYSE Arca, an all-electronic US trading platform. Global X Management, ...

Emerging Markets : Brazil

BRAZIL     Revving up: BV stake boosts Banco do Brasil’s auto loan portfolio The Brazilian government returned to international capital markets in January with $1.025 billion in dollar-denominated global bonds maturing in 2019. The 10-year issue, led by Goldman ...

Milestones : Slumping Copper Prices Take Shine Off Growth

CHILE     Chile's president Bachelet: Stimulating economic growth. While high copper prices had maintained Chile’s economy as Latin America’s strongest, it seems the party is over as prices plummet and demand wanes. The South American country, the world’s largest ...

Newsmakers : Correa Steps Up Debt Campaign

Ecuador     Correa: Buying political capital with debt restructuring. Ecuadorian president Rafael Correa has made good on his 2006 presidential campaign promise to default on any foreign debt deemed illegitimate, defaulting on $3.9 billion in global bonds. This marks ...

Emerging Markets : Banks Continue Consolidation

BRAZIL     Brazil’s banks continued their consolidation trend, with the most recent deal in November creating Latin America’s largest financial group. Itaú, Brazil’s second-largest non-state-owned bank, announced its acquisition of Unibanco, the country’s third-largest, in a stock transaction valued ...

Features : Brazil Points The Way

LATIN AMERICA President Lula’s bold program of social and economic reform has become a model for economies in Latin America and beyond.   Under Lula, Brasilia has focused on growing the economy in a way that benefits people at all ...

Milestones : Sovereign Funds Eye Santiago Principles

GLOBAL       Place of principles: Santiago, Chile's capital, where the funds agreed to a series of standards. The International Working Group (IWG) of 26 member countries of the International Monetary Fund last month released a statement of Generally ...