Tomoyuki Sugiyama, a former Lloyds Banking Group Plc bond trader, plans to start a fund that will invest in non-performing subprime loans in Peru as early as April to meet rising demand among retail investors in Japan.
Peruvian President Ollanta Humala’s fifth cabinet in 2 1/2 years won a vote of confidence in Congress, ending a political crisis stemming from accusations that first lady Nadine Heredia is interfering in the government.
Peru stocks and dollar-denominated bonds fell as the race to be the next president narrowed to Ollanta Humala , a supporter of greater state control over the economy, and Congresswoman Keiko Fujimori , the daughter of a former leader imprisoned for human-rights abuses.
The race to be Peru’s next president has narrowed to a supporter of greater state control over the economy who once led an army uprising and the daughter of a former leader imprisoned for human-rights abuses.
Peruvians began casting their votes today to elect President Alan Garcia ’s successor after a campaign that pit the daughter of a jailed former president against a one-time army officer promising to assert control over the nation’s mining wealth.
The race to succeed President Alan Garcia of Peru, a country where one-third of the populace lives in poverty, may be decided in up-and-coming neighborhoods such as Independencia where children of peasants who fled the countryside now work and shop at the nation’s biggest mall.