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Daily Brief

Dec 19, 2006 Issue

Argentina Industrial Output Up 8.3% November

Argentina

Argentina's industrial output was up 1.3% in November against October, on a seasonally adjusted basis, and was up 8.3% compared with the same month last year. Cumulative ...

Banorte Jumps On Borhis Bandwagon

Mexico

Banorte became the first banking institution in Mexico to issue mortgage-backed securities (Borhis), according to a note from the company to the Mexican Securities Exchan...

Belize Launches Debt Swap

Caribbean

Belize offered to swap its outstanding commercial foreign debt for new dollar bonds, Monday, following approval of the plan last week from the country's National Assembly...

Bunge Fertilizantes And Fosfertil Announce Tie-up

M&A

Bunge Fertilizantes, Brazil's leading fertilizer retailer and part of industrial conglomerate Bunge, is to merge with local fertilizer producer Fosfertil, both companies ...

Colombia Sets Isagen Sale Price

Colombia

Colombia's government says it is hoping to capture around $262 million from the sale of 20% of power generator Isagen, more than double its original estimate. It has set ...

CVRD And Nippon Steel To Expand Alliance

Asia

Companhia Vale do Rio Doce (CVRD), the largest iron ore producer in the world, and Nippon Steel Corporation (Nippon Steel), the largest steelmaker in Japan, signed an agr...

Ford To Sell Mexico Plant To Cooper-Standard

Ford Motor Company signed a Memorandum of Understanding (MOU) with US automotive supplier Cooper-Standard Automotive Monday for the latter to purchase the Automotive Comp...

Telemar Preferred Shareholders Reject Share Swap

Corporate & Sovereign Strategy

Preferred shareholders of Brazil's largest fixed-line telecoms operator, Telemar, have voted against the company's proposed capital restructuring claiming it would be aga...