Gol Linhas Aereas Inteligentes.(BRAZIL)
GOL LINHAS AEREAS INTELIGENTES, a Brazilian low-cost airline, plans
to raise up to US$100 million in a preferred stock and convertible bond
issue in domestic and U.S. markets. Money raised will buy . . .
Embraer.(BRAZIL)
EMBRAER, a Brazilian aircraft manufacturer, took its first fleet
order in Europe for 50 Phenom 100 jets from Swiss executive airline
Jetbird. The contract, for 50 jets with a convertible option for . . .
PSEG Global.(BRAZIL)
PSEG GLOBAL, a U.S. energy company, will sell its 32% stake in RGE,
a Brazilian power distributor, to Companhia Paulista de Forca e Luz, a
Brazilian power company. PSEG expects to make US$185 . . .
Naspers.(BRAZIL)
NASPERS, a South African media company, bought for US$422 million a
30% stake in Abril, Brazil's largest magazine publisher. The
purchase is part of Naspers' plan to expand in Brazil, . . .
Companhia Vale Do Rio Doce.(BRAZIL)
COMPANHIA VALE DO RIO DOCE, a Brazilian metals and mining company,
secured a US$500 million revolving credit line from a string of banks
led by HSBC, a U.K. financial institution, and Citigroup, a . . .
Petrobras.(BRAZIL)
PETROBRAS. Brazil's state-owned oil company, will borrow
US$486 million from the Japan Bank for International Cooperation, a
Japanese financial institution, and another $414 million from a . . .
Nike.(ARGENTINA)
NIKE, a U.S. maker of athletic footwear, said an arbitrator ruled
it must pay US$52.5 million to Alon International, a former licensee for
Nike's Converse brands in Argentina, Brazil, Paraguay and . . .
Oil and money.(PANORAMA)
Bolivia moved to nationalize its natural gas industry, second only
to Venezuela in reserves. Petrobras, Brazil's state-run oil
company, said it would defend its rights, although Brazilian . . .
LT events.(INTELLIGENCE)(Brief article)
LT Events
Latin Trade poll of chief financial officers in Miami, May 2006
At what level are finance processes defined in your company?
headquarters 55%
country 27%
regional office . . .
UPS.(LOGISTICS)
UPS, a U.S. logistics company, will spend US$1 billion expanding
its global air hub in Louisville, Kentucky. The investment will increase
sorting capacity by 60% over the next five . . .
Royal Bank of Canada Global Private Banking.(CAREERS)
RICHARD P. MARTINEZ has been appointed managing director of private
banking by the Royal Bank of Canada Global Private Banking, at its
Houston office serving Mexicans with ties to Texas. Martinez . . .
Choice Hotels International.(TRAVEL)
CHOICE HOTELS INTERNATIONAL,a U.S. hotel-chain operator, opened
three new hotels in Mexico City and signed an agreement with Mexicana, a
Mexican airline, to merge rewards programs. The deal allows . . .
Telemar Participacoes.(COMPANIES)
TELEMAR PARTICIPACOES, a Brazilian telecommunications company,
registered with U.S. stock-market regulators to raise up to US$1.45
billion in stock in both Brazilian and foreign markets. The . . .
Full speed ahead.(economic growth)(Brief article)
Like for any business, the only thing more complicated than a slow
economic cycle is, perhaps, a very, very fast one. Overwhelmed by demand
for raw materials from a booming Chinese economy, Latin . . .
Mass destruction.
For decades, Colombians have withstood serious violence. Guerrilla
wars and drugs combine in a kind of toxic stew. It's so much a part
of the culture that even electric guitars are made from old . . .
Extra credit.
Private-sector credit is exploding across Latin America thanks to
key bank and regulatory reforms made in the 1990s. Structural reforms in
the financial system made banks healthier, increasing . . .
Brazil: credit worthy.
Brazil's interest rates have always roared up and down like a
rollercoaster. The good news now is that the country's benchmark
lending rate has been on the descent since September 2005, dipping . . .
Model city: tips from the concierge at the Crowne Plaza in
Curitiba.
Can you recommend a restaurant for a business lunch or dinner?
Curitiba has a lot of choices when it comes to eating out. In the
Sao Francisco neighborhood are two of the best seafood places in . . .
Caribbean chic: island destinations return to their upscale
roots.
The Caribbean islands, in the 1940s and 1950s the playground of the
rich and famous, in later years took a decidedly middle-market turn.
Many destinations catered instead to planeloads of budget . . .
Shakira slept here: what's behind the doors of Latin
America's luxurious presidential hotel suites.
Celebrities, executives and politicians spend a great deal of time
jetting from one part of the planet to another as part of their
day-to-day lives. And when they arrive at their destinations, many . . .
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