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QGOG Readies Debut

Feb 7, 2013

Brazil's Queiroz Galvao Oleo e Gas (QGOG) is set to price its IPO today, targeting at least $600m in the SEC-registered sale. Books were heard covered Wednesday. In a test of investor appetite for stocks in the broader Brazilian oil chain, the drill...

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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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