Tombini Must Fill Meirelles’ Void to Tackle Brazil Inflation
As a doctoral student in economics at the University of Illinois, Alexandre Tombini sent opponents limping off the soccer field with his heavy tackles.
Warrants Beat Bonds on Fastest GDP Since 2005: Argentina Credit
Argentine securities linked to gross domestic product are outperforming the country’s dollar bonds by the most in two months as the economy grows at the fastest pace since 2005.
BRIC-Best Debt Rally Shows Yields Overwhelm Tax: Brazil Credit
Brazilian local bonds are outperforming debt from India, Russia and China for a second straight year as the Latin American’s country’s inflation- adjusted interest rates, the second-highest in the world, lure global investors.
Vitro Wins Ruling to Pay $44 Million Cash Tender on Notes
Vitro SAB, the Mexican glassmaker that filed for bankruptcy this week, won a New York court ruling allowing it to pay investors who tendered their notes for cash in a restructuring plan.
Colombia May Pause at 3% as GDP Expands With Prices In Check
Colombia’s central bank will likely hold its benchmark interest rate at a record low for an eighth straight meeting as the economy expands and inflation remains below the mid-point of policy makers’ target range.
Emerging Stocks Rise, Halting Two-Day Decline on U.S. Recovery
Emerging-market stocks rose, helping the benchmark index snap a two-day drop, after jobs and housing data in the U.S. bolstered confidence of a global recovery and concerns eased that Europe’s debt crisis will slow growth.
Ideiasnet to Sell Media Factory Stake for 8.9 Million Reais
Ideiasnet SA, a Brazilian holding company that invests in internet ventures, plans to sell its stake in Media Factory to LeadMedia Group for 8.9 million reais, including debt.
Palm Oil May Advance on Soybean Supply Concerns From Argentina
Palm oil, little changed, may climb on concerns that the supply of soybeans from Argentina may be affected due to a drought in the region.
Chavez’s Seizures Scuttle Housing Campaign as Steel Output Sags
President Hugo Chavez’s campaign of nationalizations is scuttling a top policy goal as sagging output at state-owned steel and cement makers thwarts a pledge to build 100,000 homes a year for poor Venezuelans.
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