Daily Brief

Dec 27, 2005 Issue

Argentina Congress Approves Budget


Argentina's 2006 budget has been approved by the Senate by 39 votes to 14 after passing through the lower house already. The budget predicts growth next year of 4% and in...

Deutsche Bank To Buy Mortgage Stake From Ixe


Germany's Deutsche Bank is to buy 49% of Mexican mortgage lender Fincasa Hipotecaria from local financial group Ixe. Fincasa specializes in financing low-income housing, ...

Hunt Oil Issues Bonds In Peru


US firm Hunt Oil, which is involved in the Camisea natural gas project in southern Peru, is to issue $150 million of corporate bonds in the local market today, Tuesday. T...

Mexico Trade Deficit Narrows


Mexico's trade deficit in November fell to $1.51 billion, compared with $1.83 billion at the same time in 2004, driven by a 19% rise in exports year on year. Oil export r...

Palocci Forecasts Strong 2006 Growth For Brazil; Budget Deficit At 11-Month High


Brazil's finance minister, Antonio Palocci, has said he believes the country will experience strong growth next year of around 5%. However, economists are predicting aver...

Venezuela Buys More Argentine Paper


Venezuela bought another $270.4 million of Argentina's Boden 2012 issue, after buying $495.7 million less than a week ago, and taking its total for the year to $1.75 mill...