Category: Brazil

Led by Central Bank President Armínio Fraga, Brazil has laid the foundation for a broader, more liquid domestic capital market, just as access to world debt markets has become uncertain.

PT-Multimedia.com Portugal’s biggest Internet and cable television company, has agreed to buy 31.5% of Brazil’s Banco1.net, an online bank owned by Unibanco for $62.5 million. Banco1.net will be created from […]

Global markets are closing their doors to Latin American borrowers, just as the region is recovering from the effects of last year’s Brazilian currency devaluation crisis. In a 14-page report, LatinFinance looks at how sovereign and corporate borrowers in Mexico, Brazil, Colombia adn Argentina are reacting. Some issuers are resorting to their domestic markets. Others plan to ride out the storm.

Brazil’s biggest steelmaker, Cia. Siderurgica Nacional, took the first step toward untangling the complex web of cross-shareholdings that link some of the country’s biggest companies with its decision to sell […]

The Brazilian central bank has said it now plans to auction Banespa, São Paulo state bank, on July 18. The privatization of the country’s fifth largest bank by assets is […]

Mexico’s Iusacell and Votorantim Celulose e Papel of Brazil ended a four-month hiatus in Latin equity issues with ADR offerings in April. However, their timing was unfortunate, coinciding with the […]

Brazil’s biggest bank, Banco Bradesco, has set up a corporate bank in Buenos Aires to service its existing clients as they increase trade with Argentina, the country’s leading partner in […]

Gas Natural, owned by Spain’s Repsol-YPF, has said it will pay $297 million to build from scratch and operate, a natural gas concession in São Paulo, Brazil’s richest and most […]