Latest

Daily Brief

Dec 22, 2006 Issue

Argentina's Economic Activity Up 9.3%, October

Argentina

Argentina's economy expanded 9.3% in October, compared with the same month a year ago, and was up 0.9% against September. According to INDEC, Argentina's national institu...

Brazil Raises Minimum Wage

Brazil

Brazil's government and unions agreed to a rise in minimum wages to 380 reais a month ($176) from 350 reais ($162) a month, Wednesday. The 8.5% rise in wages will be made...

Colombia Movil Plans IPO

Colombia

Mobile phone operator Colombia Movil, acquired earlier this year by Luxembourg-based Millicom, is planning to sell 9.25 million shares in the local stock market, the comp...

Credit Suisse Buys Hedging-Griffo

Brazil

Credit Suisse announced Thursday it had agreed to buy a majority interest in Brazilian investment bank Hedging-Griffo for $294 million in cash. Credit Suisse will acquire...

Fitch Upgrades Coca-Cola Embonor

Fitch Ratings has upgraded the national scale rating of Coca-Cola Embonor to A (chl) from A- (chl). The rating outlook is positive. This rating action also affects the co...

Honduras To Appoint Ambassador To Cuba

According to the online edition of Honduran daily La Prensa, Honduras will soon be naming an ambassador to take up a post in Cuba, the first time the Central American nat...

Moody's Upgrades Uruguay Sovereign Bonds

Moody's Investors Service has upgraded Uruguay's foreign- and local-currency sovereign bond ratings to B1 from B3 to reflect the "steady improvement in overall fiscal per...