De Lima News
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The Philippine justice department ordered the filing of smuggling charges against the head of Phoenix Petroleum Philippines Inc. Stocks fell.
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Brazil’s central bank raised its benchmark rate for the first time since July 2011, as policy makers seek to slow inflation levels jeopardizing an economic recovery.
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Wall Street’s biggest banks are turning Peru into the fastest-growing corporate bond market in Latin America as they capitalize on debt investors seeking to profit from the nation’s economic boom.
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Angola, Africa’s second-biggest oil producer, expects its stock exchange to have a market value of 10 percent of gross domestic product within 18 months of its startup, making it at least the continent’s sixth biggest.
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Angola’s central bank has room to lower interest rates to spur investment in Africa’s second- biggest oil producer, Governor Jose de Lima Massano said.
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Panama Finance Minister Frank De Lima won’t try to succeed President Ricardo Martinelli as leader of the Central American nation in 2014 elections.
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Panama’s government expects to raise $750 million by selling its stake in a local unit of Cable & Wireless Worldwide Plc after lawmakers approve the deal as early as next week, Finance Minister Frank De Lima said.
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Acquisitions of renewable-energy companies in Brazil will rebound from a four-year low as wind- farm developers seek buyers and European companies expand, the industry’s biggest legal and financial merger advisers said.
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Analysts covering Brazil’s economy raised their forecast for the 2013 year-end benchmark rate for the first time since August, as accelerating inflation boosts pressure on the central bank to increase borrowing costs.
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Angola’s central bank has sold $3.2 billion to commercial banks this year as demand for foreign currency remains “too high,” Governor Jose de Lima Massano said.
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