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La Polar Sees Local Demand

Dec 24, 2010

Chilean retailer La Polar has issued UF5m ($222m) in local bonds, getting demand for more than UF9m, according to a banker...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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