Latin America

http://online.wsj.com/article/SB10001424127887323716304578481223474475766.html?mod=fox_australian Petrobras Sells $11 Billion in Bonds Deal Is Largest Emerging-Market Debt Sale on Record, as Brazilian Oil Company Ramps Up to Expand May 13, 2013 BY ROGERIO JELMAYER AND PRABHA NATARAJAN Brazilian oil company Petróleo Brasileiro SA sold $11 billion of bonds, the biggest emerging-market debt sale on record. The bond issue was the… Continue Reading

http://www.reuters.com/article/2013/05/13/bancobva-brazil-caoa-idUSL2N0DU2UP20130513?feedType=RSS&feedName=bankruptcyNews Brazil’s Grupo Caoa rescinds offer to buy troubled lender BVA SAO PAULO | Mon May 13, 2013 7:11pm EDT SAO PAULO May 13 (Reuters) – Brazilian entrepreneur Carlos Alberto Oliveira Andrade rescinded an offer to buy bankrupt lender Banco BVA after some creditors rejected his proposal, according to a statement from his Grupo Caoa… Continue Reading

http://www.plenglish.com//index.php?option=com_content&task=view&id=1407861&Itemid=1 Sterner Measures for Land Development in Trinidad-Tobago Port Spain, 13 May (Prensa Latina)The Trinidad–Tobago government will ensure strict enforcement of land development throughout the country via new legislation, and a series of other initiatives. This was revealed by Planning Minister Dr Bhoe Tewarie when he addressed the post-Cabinet news conference at the Office of… Continue Reading

http://www.plenglish.com//index.php?option=com_content&task=view&id=1394681&Itemid=1 Caricom Committed to Solve Rum Industry Problems Georgetown, May 9 (Prensa Latina) The Caribbean Community Council for Trade and Economic Development (COTED) today reaffirmed its commitment to find urgent solutions to the problems that threaten the rum industry in the region. U.S. grants subsidies to Puerto Rico and British Virgin Islands rum, which threaten… Continue Reading

http://www.plenglish.com//index.php?option=com_content&task=view&id=1391181&Itemid=1 Guyana’s Economy: Second in Growth in South America Georgetown, May 8 (Prensa Latina) In 2014, Guyana will experience the second largest economic growth in South America after Peru, according to prospects presented by the International Monetary Fund (IMF) in its World Economic Outlook, according to the local press. The international organization predicts the Peruvian… Continue Reading

http://www.huffingtonpost.com/2013/05/08/cristina-fernandez-de-kirchner-popularity_n_3231726.html Cristina Fernandez De Kirchner’s Popularity Plunges As Inflation Soars In Argentina, Polls Show By MICHAEL WARREN 05/07/13 BUENOS AIRES, Argentina — Argentina’s government announced new measures on Tuesday intended to suck up undeclared dollars in response to growing pressure to abruptly devalue the nation’s currency. Economy Minister Hernan Lorenzino said the new tax-free bonds… Continue Reading

http://online.wsj.com/article/SB10001424127887323744604578470633422398810.html?mod=pls_whats_news_us_business_fTelefónica, Telecom Italia, Face Slowing Growth in Brazil May 8, 2013 BY DAVID ROMÁN AND MANUELA MESCO MADRID—Two of southern Europe’s biggest telecom operators have become the latest casualties of sluggish economic growth in Brazil, amid fizzling revenue from a region that had offset weak sales at home. Spain’s Telefónica SA, the second-largest operator in… Continue Reading

  http://www.reuters.com/article/2013/05/07/brazil-gruporede-aneel-idUSL2N0DO1B420130507?feedType=RSS&feedName=bankruptcyNews Regulator seeks speedy resolution of Grupo Rede bankruptcy Tue May 7, 2013 11:34am EDT SAO PAULO May 7 (Reuters) – Brazilian regulators want to speed up a plan to pull power holding company Grupo Rede Energia SA out of bankruptcy protection in an effort to avert service disruptions. Administrators assigned to keep Rede… Continue Reading

http://www.plenglish.com//index.php?option=com_content&task=view&id=1387821&Itemid=1 Brazil to Finance Airport Infrastructure Expansion in Cuba Havana, may 7 (Prensa Latina) Brazil will finance a project destined to expand and modernize airport infrastructure in Cuba, according to a memorando signed here by ministers of both countries. Brazilian Minister of Development, Industry and Foreign Trade, Fernando Pimentel, and Cuban Minister of Foreign Trade… Continue Reading

http://www.plenglish.com//index.php?option=com_content&task=view&id=1388121&Itemid=1 Venezuelan Government Measures to Support Power Grid Caracas, May 7 (Prensa Latina) Venezuelan authorities announced today measures aimed at levelling offer and demand in the National Power Grid (SEN in Spanish) in order to advance to a stability of the scheme in the middle term. The Minister of Electric Energy, Jesse Chacon, indicated ….”