Christopher Buck

Billionaire Batista OGX Penniless by ’14 Fuels Cash Hunt

The race is on for billionaire Eike Batista to find the money he needs for OGX Petroleo & Gas Participacoes SA, the oil producer that’s on course to exhaust its $1.65 billion cash hoard by year-end.

Homex Slumps as Slim Fix Seen as Short-Term: Mexico City Mover

Desarrolladora Homex SAB shares and bonds fell amid speculation that the Mexican homebuilder’s sale of its stake in two prisons to companies controlled by billionaire Carlos Slim won’t stop the drain on operating cash.

Record Profit Propels Vale Bonds Beyond BHP, Rio: Brazil Credit

Vale SA , the world’s biggest iron-ore producer, is beating BHP Billiton Ltd. and Rio Tinto Group in the bond market on speculation record earnings will give the company enough cash to avoid borrowing.

Cemex Increases Bond Sale as Much as 21% to Cut Bank Debt

Cemex SAB , the largest cement maker in the Americas, boosted its convertible-bond sale by as much as 21 percent over what it planned as the company seeks to reduce bank debt faster.

CSN Pays Less Than Gerdau in Bond Market as Brazilian Economy Beats U.S.

Cia. Siderurgica Nacional SA, Brazil’s third-largest steelmaker, is paying the least to borrow relative to Gerdau SA in more than two months on prospects the economy will grow at the fastest pace in 24 years.

Cemex’s 13% Yields Lure Citigroup After Record Bond Plunge: Mexico Credit

Cemex SAB’s bonds are yielding more than twice the average for Mexican corporate debt, prompting Citigroup Inc. and Barclays Plc to recommend buying the notes in a bet the company’s cement sales will weather the global economic slowdown.

Cemex Buy Recommendations Rejected as Yields Soar to Record: Mexico Credit

Yields on bonds of Cemex SAB, the biggest cement maker in the Americas, are soaring to a record as concern that slowing global growth will curb revenue prompts investors to reject buy recommendations.

Oi Bonds Beaten by Portugal Telecom as Brazilian Venture Benefits `Small'

Telemar Norte Leste SA , Brazil’s biggest fixed-line telephone company, has less to gain from an alliance with Portugal Telecom SGPS SA than its European suitor, trading in the companies’ bonds shows.

Vale Credit Costs Falling Versus BHP Billiton as Reliance on China Eases

Vale SA , the world’s largest iron- ore producer, is driving borrowing costs relative to BHP Billiton Ltd. down from a one-month high by reducing its dependence on China.

Bond Buybacks Hit Record in Brazil as Yields Tumble for CSN: Brazil Credit

Brazilian companies from Gerdau SA to Globo Comunicacoes e Participacoes SA are refinancing a record amount of perpetual bonds after borrowing costs sank to an all-time low.

"We continue to see possible funding options as a positive catalyst."

- Christopher Buck on Apr 23, 2013

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Mexico

Jorge Perez

Kobe Bryant Sued Over Bid to Block Mom’s Memorabilia Sale

Payrolls in U.S. Rise 165,000 as Unemployment Rate Drops

U.S. Stocks Climb to Record as Jobs Growth Tops Forecasts

Fusion Scientists See Progress as Obama Shows No Ardor

Billionaire Kaiser Exploiting Charity Loophole With Boats