Asia

BAML Defines LatAm Fee Opportunity

Asia Equity M&A

LatAm is an essential part of the business for Bank of America Merrill Lynch (BAML), according to Andrea Orcel, executive chairman of global banking and markets and presi...

Vale to Get $1.2bn Chinese Line

Asia

Vale is getting a $1.229bn credit loan from Export-Import Bank of China and Bank of China. Proceeds will go towards the construction of 12 very large ore carriers with 40...

Odebrecht Heads East For Debt Sale

Asia

To help revive a perpetual bond sale held over from May, Odebrecht plans to meet investors in Asia Monday and Tuesday, with a $250m deal expected to follow. The Baa3/BB/B...

Temasek Talks Mexico Potential

Mexico Asia Funds

As relations between Asia and LatAm strengthen, Temasek sees itself well positioned to ride Mexico’s recovery. The sovereign wealth fund is teaming up with entrepreneurs.

Fitch Revises Global GDP Forecasts

Asia

Fitch has revised its forecast for global GDP growth in 2010 to 3.1% from 2.8%, mainly reflecting stronger first quarter growth in BRIC economies and Japan. The economic ...

Yuan Appreciation Should Aid LatAm

Asia

News that China may loosen the currency peg to allow controlled appreciation could be positive for LatAm short-term, though the lasting impact is unclear, say strategists...

Bermuda Meets Buyside

Asia

Bermuda has wrapped up global meetings with fixed-income investors, according to an investor. The “non-deal” roadshow finished Tuesday, after visiting Hong Kong, Singapor...

BAML Changes LatAm Guard

Asia

Bank of America Merrill Lynch (BAML) has appointed Andrea Orcel as president of EM ex-Asia and moved James Quigley to a senior international origination role, according t...

Venezuela Gets Chinese Loan for Airline

Asia

The government of Venezuela has announced that China International Holding Co will extend a $300m loan with which it intends to create the Bolivarian Socialist Airline by...

Venezuela Claims $20bn China Loan

Asia

Venezuelan president Hugo Chavez said Saturday that China has offered $20bn in long-term financing for strategic projects in the country, according to the state-owned new...

SinoLatin Preps Debut PE Fund

Asia

China-LatAm advisory firm SinoLatin Capital is preparing a debut private equity fund, partner Jorge Barreda tells LatinFinance. He says the shop aims to raise about $300m...

China Oil Buys LatAm Beachhead

Asia

CNOOC, China’s largest offshore crude oil and natural gas producer, is to pay approximately $3.1bn cash for a 50% stake in a joint venture with Bridas Energy Holdings (BE...

Samurai Bond Market: LatAm Issuers Return

Asia

Sovereigns have returned to Japan for diversification at an attractive rate. Corporates are another matter and the scope of the Samurai market remains to be seen.

Chinese Giants Pursue Ecuador Miner

Asia

Chinese miner Tongling and China Railway Construction Corp (CRCC) have agreed to acquire Canada-based Corriente Resources for about CAD679m, or CAD8.60 per share in cash,...

China and Latin America: Investment and Trade Flow

Asia

As Chinese investment increases, LatAm tries to be more than just a cheap supplier of raw materials. Skeptics are wary of China’s track record in other regions.