Ed Kuczma

Ed Kuczma News

Billionaire Slim Parlaying IPad Demand Into IPO of Sanborns

Billionaire Carlos Slim is taking Mexican retailer Grupo Sanborns SAB public as revenue surges from sales to consumers looking to shop at its Saks Fifth Avenue stores and buy Apple Inc. iPads.
Emerging-Market Stocks Post Longest Rally Since 2010

Emerging-market equities rallied a third month in the longest stretch of gains since 2010 as China’s rebounding economy and signs of an improving global outlook bolstered financial and industrial stocks.
Batista’s Wealth Declines $7 Billion on Abu Dhabi Pledge

Eike Batista’s net worth is $6.8 billion less than previously estimated because new details on his deal to sell a stake in his EBX Group Co. imply a lower value for his Brazilian commodities empire, according to the Bloomberg Billionaires Index.
Brazil Hits China With Tariffs as Potholes Erode New Silk Road

The biggest threat to a revolution in emerging market trade may be the emerging markets themselves as Brazil slaps import curbs on Chinese toys, Russia claims China dumps cold-rolled steel and China keeps its currency undervalued.
Cheapest Brazilian Shares in Two Years Send Thornburg Hunting on CPI Bet

Brazilian stocks are at their cheapest relative values since 2009, prompting Van Eck Associates and Thornburg Investment Management to buy builders and retailers on bets a year of higher interest rates is ending.
Agnelli Bets on Metals After Leading Vale Boom: Corporate Brazil

Roger Agnelli, who oversaw a 10-fold surge in shares as head of Vale SA, is setting up his own commodities empire on a bet metal and food prices will resume a rally.
Prestige Brands’ Shares Pressure Genomma to Better Offer

Traders are convinced that a takeover bid for Prestige Brands Holdings Inc., already the most expensive on record in the household products industry, is about to get even pricier.
Colombia Proves Latin America’s Best Equities Since 2002

Colombia, Latin America’s murder capital when Pablo Escobar ran the Medellin drug cartel in the 1980s, produced the region’s best risk-adjusted stock returns over the past decade as improved security bolstered economic growth and foreign investment.
Elektra Drops Most Since ’97 as IPC Cuts Illiquid Stocks

Grupo Elektra SA, the retail and banking firm controlled by billionaire Ricardo Salinas, fell the most in 14 years after stock-market rule changes threatened its position on Mexico’s benchmark IPC index.
Mexico Stocks Gauge Reaches Nine-Month High: Mexico City Mover

Mexico’s benchmark IPC stock index hit a nine-month high as U.S. economic data buoyed optimism about Latin America’s second-biggest economy.