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Vale Joins Euro Party

Jul 5, 2012

Vale has come through a Euorpean bond issuance window to raise EUR750 ($949m), a move that allowed it to diversify its investor pool and price inside its dollar curve. Coming the day after Mexico's America Movil raised EUR1bn, the Brazilian miner,...

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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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