Daily Brief

Dec 15, 2005 Issue

Brazil Cuts Rate To 18%


Brazil's central bank has cut the benchmark lending rate by half a percentage point to 18%, its lowest rate in nearly a year. This follows slower than expected economic g...

Brazil To Settle $15.5 billion IMF Debt Early


Brazil has announced it will settle its $15.5 billion debt with the International Monetary Fund (IMF) before the end of this year – two years ahead of schedule. The gover...

Santander Sells Up In Bolivia


Spanish bank Santander has sold its affiliate company in Bolivia – Banco Santa Cruz -- to local financial institution Bisa in a deal estimated to be worth $38 million. Sa...

Sonae Sells Brazilian Business To Walmart For $757 Million


US retailer Walmart has agreed a deal to buy Portuguese Sonae's Brazilian retail business for $757 million. The purchase, involving 140 stores, will double Walmart's pres...

Telmex Wins Chilean Telecoms License


Mexican telecoms company Telmex, owned by billionaire businessman Carlos Slim, has won a concession to operate a fixed wireless service – or WiLL -- in Chile countrywide....