Latin America News
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Updated 1 hour, 12 minutes ago
Brazilian stocks, off to the best annual start since 1999, will extend their rally as overseas demand for the country’s commodities and interest-rate cuts push investors into equities, said Pedro Bastos, head of HSBC Global Asset Management in Latin America.
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Bank Sarasin & Cie. AG wants Safra Group to inject capital into the Swiss wealth manager after agreeing in November to pay more than 1 billion Swiss francs ($1.1 billion) for a controlling stake.
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JPMorgan Chase & Co.’s pipeline of clients from China seeking financing overseas has doubled from a year ago to a record, led by developers seeking funds, said the head of its China investment banking business.
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“I’ll get us that oil from Canada,” Mitt Romney said in his victory speech after the Michigan primary. He was referring to Keystone XL, the crude-oil pipeline that has become a top-tier campaign issue for Republicans.
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Cia. Sud Americana de Vapores SA and Soc. Matriz SAAM SA moved in opposite directions in their first trading day as separate entities as part of a plan by Latin America’s biggest container shipper to return to profitability.
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Argentine President Cristina Fernandez de Kirchner defused speculation she would announce a takeover of the country’s biggest energy company today during an annual speech to Congress. Shares of YPF SA soared.
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Chile can intervene in the foreign exchange market under extraordinary circumstances, central banker Enrique Marshall said today, declining to say if policy makers are considering restarting a U.S. dollar-buying program.
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Colombia’s peso fell, ending five straight days of increases, on speculation policy makers may take additional measures to ease gains in the local currency after Brazil escalated efforts to stem a rally in the real.
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Klabin SA, Latin America’s biggest paper maker, headed to a record high after posting higher-than- expected profit in the fourth quarter.
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Bloomberg's Scarlet Fu reports on the day's top stories from Latin America including BASF & Shell in talks over which company will pay a fine in Brazil and the opening of two new prisons in Mexico. She speaks on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
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