High seas.(1 YEAR AGO IN LATIN TRADE)(Brief Article)
HIGH SEAS Exotic ports of call, resort-style pools, dinner and
dancing. A rapidly increasing number of U.S. vacationers are taking to
the high seas, turning what used to be a sleepy Caribbean tour . . .
Making change.(5 YEARS AGO IN LATIN TRADE)(Brief Article)
Ecuadoran President Gustavo Noboa slept little on the night of the
Jan. 21 coup. Around dawn, having closed his eyes for half an hour--his
only rest in 24 hours--the former vice president, now the . . .
Red card.(10 YEARS AGO IN LATIN TRADE)(Brief Article)
In Brazil, no two bedfellows could be odder than the table-thumping
left-wing Workers Party (PT) and the expansionist capitalistic bank
Bradesco. But in an effort to make a little money for the . . .
Venezuela and Brazil signed an agreement that includes a supply
contract with Petrobras to provide Brazilian ethanol to Venezuel
VENEZUELA and Brazil signed an agreement that includes a supply
contract with Petrobras to provide Brazilian ethanol to Venezuelan state
oil company PDVSA to help Venezuela develop an ethanol . . .
The International Monetary Fund, a multilateral lending
institution, approved a US$1.13 billion standby lending facility for
Uru
THE INTERNATIONAL MONETARY FUND, a multilateral lending
institution, approved a US$1.13 billion standby lending facility for
Uruguay to boost its economy. The country also obtained $975 million . . .
Subsidiary shuffle.(PANORAMA)(Brief Article)
Endesa, a Chilean power generator controlled by a Spanish utility
of the same name, will move all of its Brazilian assets into a new
holding company known as Endesa Brasil. The unit, valued at . . .
Gas giant.(PANORAMA)(Brief Article)
Repsol YPF, a Spanish-Argentine oil company, announced it would
invest more than US$26 billion through 2009. In June it signed a
memorandum of understanding with Hunt Oil, a U.S. oil company, to . . .
The International Finance Corporation, the private-sector lending
arm of the World Bank, will provide a US$10 million loan to Ra
THE INTERNATIONAL FINANCE CORPORATION, the private-sector lending
arm of the World Bank, will provide a US$10 million loan to Ransa
Comercial, a Peruvian logistics company. The funds will be used . . .
Iberdrola, a Spanish power company, signed a US$67.7 million
contract to build six transmission lines for Comision Federal de
El
IBERDROLA, a Spanish power company signed a US$67.7 million
contract to build six transmission lines for Comision Federal de
Electricidad, Mexico's state-owned electricity company.
Construction . . .
Alsea, a Mexican fast-food franchisee, has agreed to buy 100% of
Grupo Mozarella, a franchise operator in Mexico City controlled
ALSEA, a Mexican fast-food franchisee, has agreed to buy 100% of
Grupo Mozarella, a franchise operator in Mexico City controlled by
Dominos Pizza, a U.S. pizza retailer. The purchase will give . . .
Cemex, a Mexican cement company, and Ready Mix USA, a U.S. cement
company, have agreed to create a joint venture.(MEXICO)
CEMEX, a Mexican cement company, and Ready Mix USA, a U.S. cement
company, have agreed to create a joint venture in the southeastern
United . . .
Gruma, a Mexican tortilla maker, bought three food plants from
Cenex Harvest States, a U.S. food, grains and energy
company.(MEX
GRUMA, a Mexican tortilla maker, bought three food plants from
Cenex Harvest States, a U.S. food, grains and energy company. The
facilities are located in Minnesota, Texas and Arizona. Terms were . . .
International Finance Corporation, the private-sector lending arm
of the World Bank, approved a string of loans totaling US$115
INTERNATIONAL FINANCE CORPORATION, the private-sector lending arm
of the World Bank, approved a string of loans totaling US$115 million
for GMAC Financiera, a Mexican housing finance company. The . . .
Femsa.(MEXICO)
FEMSA, a Mexican beverage company, raised US$700 million in Mexican
and international stock markets. Funds will pay down . . .
Mexico, through state-owned holding company Cintra, approved a
plan to sell Grupo Aerovias de Mexico (made up of airlines Aerome
MEXICO, through state-owned holding company Cintra, approved a plan
to sell Grupo Aerovias de Mexico (made up of airlines Aeromexico and
Aerolitoral), Grupo Mexicana de Aviacion (made up of . . .
Gamesa, a Spanish renewable-energy products company, said
Mexico's environmental regulators have authorized construction of a
wi
GAMESA, a Spanish renewable-energy products company, said
Mexico's environmental regulators have authorized construction of a
wind farm in Oaxaca with a potential output of 200 megawatts. It will . . .
Empresas Ica, a Mexican engineering and construction company,
paid US$94.9 million of its debts.(MEXICO)
EMPRESAS ICA, a Mexican engineering and construction company, paid
US$94.9 million of its debts. The company paid obligations it had with
banks and with the International Finance Corporation, the . . .
Camesa.(MEXICO)
CAMESA, a Mexican industrial group, sold for US$130 million its
steel-producing division to Wire Rope, a U.S. producer of high-carbon
wire . . .
Grupo Televisa.(MEXICO)
GRUPO TELEVISA, a Mexican media company, concluded an offering of
senior notes valued at US$200 million and maturing in 2025. Televisa
will use the money raised to pay . . .
The International Finance Corporation, the private-sector lending
arm of the World Bank, announced a US$14.5 million loan to Cen
THE INTERNATIONAL FINANCE CORPORATION, the private-sector lending
arm of the World Bank, announced a US$14.5 million loan to Centro Medico
Puerta de Hierro, a new healthcare facility going up in . . .
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