Emerging Markets: Brazil

Roundup   By Antonio Guerrero   Too strong: Authorities fret over appreciation of Brazilian real The Brazilian government took the controversial step of reintroducing a 2% financial transactions tax on purchases of stocks and bonds by foreign investors that had ...

Cover Story: Opportunity Knocks

  Emerging Markets Focus: Latin America   Much of Latin America is reaping the benefits of a rapid growth in China’s involvement in the region. Booming trade levels are changing some key global market dynamics.   By Antonio Guerrero   ...

Emerging Markets: Brazil

Roundup   By Antonio Guerrero   Banco Santander Brasil, the local subsidiary of Spanish banking giant Banco Santander, in October raised more than $8 billion in Brazil’s largest-ever IPO and the world’s largest this year. Abu Dhabi’s state-controlled Aabar Investments ...

Emerging Markets: Brazil

Roundup   By Antonio Guerrero   Banco Santander floats its Brazilian operations in IPO Banco Santander in September launched a much-awaited IPO of its Brazilian unit, in a deal expected to raise more than $5 billion—one of the world’s largest ...

Newsmakers: Potential Lula Successor Clears Legal Hurdle

Brazil   Antonio Guerrero   Palocci: Stillfacing more corruption allegatio ns Former Brazilian finance minister Antonio Palocci has won a political victory after the country‘s Supreme Court dismissed charges that he violated bank secrecy laws. The ruling could put Palocci, ...

Emerging Markets: Brazil

Roundup   By Antonio Guerrero   Brazil’s president, Lula da Silva, tours a Petrobras facility The US Export-Import Bank agreed to provide Brazil with some $10 billion in financing to develop the Petrobras state-controlled oil company’s offshore pre-salt oil reserves. ...

BEST INTERNET BANKS IN LATIN AMERICA 2009

NEW YORK, July 21, 2009 — Global Finance has announced the First Round winners in the “World’s Best Internet Banks” competition in the Middle East and Africa. This is the 10th year Global Finance has named the World’s Best Internet ...

Emerging Markets: Brazil

Roundup   By Antonio Guerrero   Mantega: Welcomes foreign investors to Brazil Taking advantage of falling yields, Brazilian borrowers are returning to international debt markets. BNDES, the state-owned development bank, sold $1 billion in 10-year bonds in June, yielding 6.546%. ...

Newsmakers: Kirchners Face Uncertain Future

ARGENTINA   By Antonio Guerrero   Kirchner: May have to rein in her populist agenda When Cristina Kirchner won Argentina's 2007 presidential election, she was taking over the office held since 2003 by her husband, Nestor Kirchner. Observers speculated the ...