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Emerging & Frontier Markets

Newsmakers : Taxing Times For A New President

GUATEMALA     Colom: Facing challenges on the fiscal front. Just weeks after being sworn in on January 14 as the new Guatemalan president, Álvaro Colom—the Central American country’s first left-of-center leader since Jacobo Árbenz, who was overthrown in a ...

Emerging & Frontier Markets

Emerging Markets : Mind The Gap

Brazil       Mantega: Hiking other taxes will make up for shortfall.       With Brazilian legislators scrapping the country’s financial transactions tax (CPMF) in December, the government says it must now plug a 40 billion real ($22 ...

Emerging & Frontier Markets

Milestones : Investors Line Up For A Scalping

Nicaragua     Guevara: Deal will put an end to lawsuits. When Nicaragua offered commercial creditors a 95.5% haircut on $1.4 billion in commercial debt as part of a workout, the deal appeared to be more of a scalping. Yet ...

Emerging & Frontier Markets

Milestones : Lima Launches Rmbs Market

Peru     Lessons learned? Investors will be looking closely at the assets behind Peru’s mortgage-backed securities. While most global markets are seeking to shield themselves from shockwaves emanating from the US subprime home loan and residential mortgage-backed securities (RMBS) ...

Emerging & Frontier Markets

Emerging Markets : Funds Make Hay In Frothy Market

BRAZIL       The good times roll: Brazil's economy provides plenty of reasons to celebrate. Brazil-focused hedge funds continued to outperform other emerging market funds, producing an average 5.11% return in October, for a hefty 29.47% year-to-date (YTD) gain. ...

Emerging & Frontier Markets

Emerging Markets : Panama And Its Airline Enjoy Boom

COMPANY TO WATCH: COPA HOLDINGS/PANAMA       Panama, a natural transportation hub with its famous canal, has become an air-transport center for the Americas, thanks to its national flag carrier, Copa Airlines. The fast-growing airline with a young fleet ...

Emerging & Frontier Markets

Emerging Markets : Bovespa Enjoys Ipo Bonanza

BRAZIL     São Paulo stock exchange Bovespa Holding, which owns the São Paulo stock exchange, raised nearly $3.7 billion in an IPO that ranks as Latin America’s largest offering this year. Bovespa sold 250 million shares on October 26, ...

Emerging & Frontier Markets

Features : Star Of The South

COUNTRY REPORT / BRAZIL Brazil’s commitment to developing biofuels is paying off handsomely. Investment is flooding in to other areas of the economy, too.   José Sergio Gabrielli, CEO of Petrobras For the administration of Brazilian president Luiz Inácio Lula ...

Emerging & Frontier Markets

Milestones : The Prodigal Oil Producer

ECUADOR       Correa: Clamping down on the oil industry After a 15-year absence, Ecuador has rejoined OPEC in a move president Rafael Correa says will allow his country to gain greater access to technical advice and market information. ...

Emerging & Frontier Markets

Emerging Markets : Bankers Still Bullish On Brazil

  Gol: Planning share buyback   Investment banks say the recent US Fed rate cut, coupled with strong domestic fundamentals, bodes well for Brazilian capital market investors. “Fed easing since mid-August has opened up a new leg of the bull ...

Emerging & Frontier Markets

Milestones : Venezuela’s Monetary Experiment

VENEZUELA     Rodrigo Cabezas: New currency will help fight inflation. Venezuela is gearing up for the introduction of a new currency to replace the bolivar, in circulation since 1879, in a move the Hugo Chávez administration hopes will help ...
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