Latin America
Batista Raises $3.9 Billion Less Than Sought for OSX Initial Share Sale Billionaire Eike Batista is raising
$3.9 billion less than he sought for OSX Brasil SA’s initial
share offering after trying to lure investors to an oil-services
and shipbuilding company with no revenue or profits.
Mexico Central Bank May Keep Rate at 4.5% as Economy Keeps Prices in Check Mexico’s central bank will probably
keep its benchmark interest rate unchanged today as policy
makers expect the pace of recovery after the deepest recession
in almost 80 years to keep prices in check.
Chile's Pinera Pledges Fiscal Responsibility, Creation of Jobs After Quake Chilean President Sebastian Pinera
pledged to create 60,000 jobs while maintaining fiscal
responsibility as the government works to repair almost $30
billion in damage from last month’s earthquake.
Embraer Reaffirms Forecast of $5 Billion in 2010 Sales After 2009 Profit Empresa Brasileira de Aeronautica
SA, the world’s fourth-largest aircraft maker, reaffirmed its
2010 forecast of $5 billion in net revenue after a record
delivery of 91 planes took fourth-quarter profit of 167.5
million reais ($93.5 million).
Most Emerging Stocks Rise in Longest Weekly Rally Since May; Kia Advances Most emerging-market stocks rose,
sending the benchmark index to its sixth weekly gain, after U.S.
reports on jobs and manufacturing spurred optimism of a global
economic recovery.
Lojas Americanas Is Downgraded to `Neutral' From `Buy' at Goldman Sachs Lojas Americanas SA was cut to
“neutral” from “buy” at Goldman Sachs Group Inc., which said
the Brazilian retailer is an “unlikely outperformer into a
sustained monetary tightening cycle.”
Wheat Drops, Paring Weekly Gain, as Stronger Dollar Cuts U.S. Crop Demand Wheat declined in Chicago, trimming
its first weekly gain this month, as a stronger dollar made U.S.
supplies more expensive for importers holding other currencies.
Copper Heads for Weekly Advance in London as Stockpiles Shrink Further Copper rose in London, heading for
a weekly gain, on speculation that shrinking inventories
indicate revived demand.
Japan, Brazil to Help Mozambique Become Grain Exporter Through Aid Program Mozambique, which depends on
imports to meet about half its rice needs, aims to become a
grain exporter after achieving self-sufficiency as early as 2015
with technical and financial assistance from Japan and Brazil.
Mexico Tourism Drops as Drug Gangs, Economy Rain on Spring Breakers' Party Mexican tourism revenue may decline
for a second year as violent clashes between drug gangs and a
weak U.S. job market threaten to spoil its spring break party.
Argentine Lawmakers Reject Presidential Decree to Tap Reserves for Debt Argentina’s lawmakers rejected
today a Dec. 14 presidential decree that sought to use $6.6
billion of central bank reserves to pay debt and that President
Cristina Fernandez de Kirchner revoked earlier this month.
Brazil Top Court Fines Lula for Using Public Event to Campaign for Dilma A Brazilian court has ordered
President Luiz Inacio Lula da Silva to pay 5,000 reais ($2,803)
for campaigning on behalf of his chosen successor last year
while inaugurating a government-built sports complex.
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