Lima This arid and often cloudy capital can seem a little hostile until you discover its restaurants. From simple cevicherias to cutting edge neuvo andino creativity, food is what keeps […]
Category: 2009
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PEOPLE: Rainmaker Jumps Ship
Merrill Lynch’s LatAm derivatives trading rainmaker Karan Madan has left the ailing US shop amid rising expectations of further high profile departures.
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DEBT: Colombian Firms Line Up
The Colombia sovereign had been expected to access dollar bond markets, but a $1 billion reopening of its 7.375% of 2019 bonds issued in January came a surprise.
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EQUITY: Private Equity Lurches
Months after the public markets shut down for issuers, some private equity (PE) shops say they are seeing a generalized decline in activity.
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M&A: Esteves Claws Back Pactual
Cash-strapped UBS has sold its Brazil operations to BTG, a boutique run by André Esteves, who sold the same unit to the Swiss bank in 2006.
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STRUCTURED FINANCE: The Pledge Edge
LatAm issuers in need of funds continue to strive to convince lenders, whether they be commercial banks or governments, to extend financing during periods of market stress by pledging assets.
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Latin America and China: Fear of Commitment?
Chinese companies see a window of opportunity to scoop up LatAm businesses and are poised to invest much greater sums. However, the region demands firmer commitment.
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Petrobras-China: No Oil for Loans
Petrobras has secured a surprise jumbo financing from China in return for guaranteed oil supply. However, lack of detail suggests the deal may never be consummated.
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Hedging Looser Policy
After a protracted growth spurt, Brazilian hedge funds were hammered last year by losses and redemptions. They may be poised for rebound as rates tumble.
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DR Challenged
The Dominican Republic expects more FDI and remains optimistic. External analysts are less bullish, anticipating GDP shrinkage.