How Daniel Dantas, one of Brazil’s cleverest financiers, lost the trust of two key backers in vicious battles over control of their investments in the booming telecom industry.
Category: Brazil
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Risk Management Revival
Growth in Brazil and Mexico is breathing new life into Latin America’s insurance industry, battered by years of instability and recession in most of the region?s main markets.
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Battle of the Giants
Brazil’s two biggest private banks are old rivals. Bradesco, with $34.24 billion in assets at the end of the second quarter, is much bigger than Itaú, which had assets of […]
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Front Notes
What lessons have the International Monetary Fund and the international financial community learned from last year’s debacle in Ecuador and Brazil’s currency devaluation in January 1999? In 1998, multilateral lenders […]
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Sovereign Report
Brazil Brazil launched Latin America’s largest-ever voluntary bond swap on August 9, with a $5.16 billion, 40-year global bond with an 11% coupon. The issue was also the longest-dated non-investment […]
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IdeiasNet Lists Locally
Turbulence on Nasdaq has prevented many capital-hungry Latin American Internet companies from raising capital on the equity markets. However Brazil’s IdeiasNet, an incubator with 17 companies in its portfolio, has […]
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Itaú To Take Stake In AOL
Brazil’s second-largest private bank, Banco Itaú, plans to purchase a 12% stake in AOL Latin America. Itaú will buy shares when AOL Latin America goes public on Nasdaq, acquiring 6% […]
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Telmex and Bell Canada To Build Brazilian Network
Teléfonos de México (Telmex), Latin America’s largest telephone company, is venturing into the Brazilian telecommunications market through a $3.5 billion alliance with Bell Canada. Telmex plans to build a high-speed […]