More corporate consolidation in Latin America has taken out a number of the region’s best investment plays. But Brazil’s banking sector and potential divestments by Latin conglomerates still offer tantalizing assets.
Category: Brazil
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MarketWatch
Down Again Brazilian President Fernando Henrique Cardoso’s popularity has taken a hammering with the country’s power shortage. The government has ordered Brazilians to cut consumption by 20%. Power rationing is […]
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Spot the Market Failure
Brazil’s plans for a wholesale power market backfired as poor management and weak regulations pushed it to the brink of collapse. The market’s difficulties are part of the wider crisis affecting the Brazilian electricity system.
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MarketWatch
Power Rationing Hits Brazil Rainfall in Brazil in the first months of the year, the rainy season, was much lower than last year. Indeed, rainfall is well below historical levels […]
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Overcoming the Currency Deterrent
A Brazilian bond issue that protects investors from currency devaluation – a big problem in the capital-starved Brazilian energy sector – is a strong test case for future project finance deals.
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Queens of the Curve
The principal Latin sovereigns are issuing less debt and using greater finesse to manage their yield curves. Can Argentina match the groing talent of Brazil and Mexico?
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Par-for-Par Breakthrough
Brazil’s cleverly structured Brady exchange allows banks to swap bonds on their books without taking a hefty charge. mexico was the first to follow suit with a $3.3 billion copycat deal.
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Punching Above Its Weight
Portugal Telecom has parlayed its Brazilian assets into an outsized alliance with Spain’s Telefónica that will
dominate Brazil’s cell phone market. The deal also will help the Portuguese company overcome its size limitations.
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Technology
PCS Auction Canceled for Lack of InterestBrazil’s telecommunications regulator, Anatel, was forced to cancel the first of three bidding auctions for nine new PCS wireless network licenses. Serranby, a consortium […]