Brazil, Chile, Mexico, Peru: Latin America Local Bond Preview
The following events and economic reports may influence trading in Latin American local-currency bonds today. Bond yields are from the previous session.
Argentina {ARGENT }: Argentina’s currency weakened 0.2 percent, its fifth straight decline, to 3.06 pesos per U.S. dollar as Argentines traveling abroad during the summer months buy foreign currency.
The yield on Argentina’s 5.83 percent bond maturing in 2033 remained unchanged at 6.19 percent, according to Banco Mariva in Buenos Aires. {ARARGE03E121 DES }.
Brazil {BLTN }: Brazil’s real rose for a second day on speculation companies will sell more bonds abroad to take advantage of rising demand for the country’s debt to cut borrowing costs. Banks and power companies may sell debt abroad in coming weeks after Cia. Vale do Rio Doce, the world’s No. 1 iron-ore exporter, sold a record $1 billion in bonds last week, said Marcelo Ribeiro, director of currency trading at Concordia SA. The real rose 1.6 percent to 2.2473 per dollar at 2:28 p.m. New York time from 2.2830 late Jan. 6.
The yield on Brazil’s zero-coupon LTN Treasury bill maturing in January 2007 fell 5 basis points to 16.53 percent, according to Banco Itau. {BLTN 0 01/01/07 Govt DES }
More: quote.bloomberg.com
Mexico, Venezuela, Chile: Latin America Local Bond Preview
The following events and economic reports may influence trading in Latin American local-currency bonds today. Bond yields are from the previous session.
The central bank raised its growth forecast for the economy next year to 6.2 percent from 4 percent on Dec. 29. The central bank will rebuild international reserves to a level comparable to the total available before Argentina's $9.8 billion payment to the International Monetary Fund, bank president Martin Redrado said.
The yield on Argentina's 5.83 percent bond maturing in December 2033 fell 2 basis points to 6.31 percent on Dec. 29,
Mexico, Venezuela, Chile: Latin America Local Bond Preview
The following events and economic reports may influence trading in Latin American local-currency bonds today. Bond yields are from the previous session.
Chile {BCPCL }: Chile's jobless rate fell to a nine-month low of 7.6 percent in November, the government reported yesterday, on increased industrial production and seasonal agricultural employment. Industrial production expanded at a faster-than-expected 6.2 percent.
The yield on Chile's 8 percent bond maturing in June 2014 fell 4 basis points to 6.35 percent, according to JPMorgan Chase Chile. {CL0000000605 DES }
Mexico {MBONO }: Mexico's government releases
Mexico, Brazil, Argentina: Latin America Local Bond Preview
The following events and economic reports may influence trading in Latin American local-currency bonds today. Bond yields are from the previous session.
Argentina {ARGENT }: Argentina's tax collection rose 41 percent to 11.3 billion pesos in December, led by a surge in income tax revenue, Economy Minister Felisa Miceli said yesterday. Tax revenue rose more than 20 percent to 119.2 billion pesos in all of 2005, she said.
The yield on Argentina's 5.83 percent bond maturing in 2033 was unchanged at 6.28 percent, according to Banco Mariva in Buenos Aires. {ARARGE03E121
Mexico, Argentina, Venezuela: Latin America Local Bond Preview
The following events and economic reports may influence trading in Latin American local-currency bonds today. Bond yields are from the previous session.
Argentina {ARGENT }: Argentina's central bank plans to step up oversight over foreign-exchange trading, seeking to block bond trades that are used to make illegal foreign- currency transfers, the bank said in an e-mailed statement yesterday. The bank said it had detected alleged violations of exchange control regulations through simultaneous purchases and sales of bonds in Argentina and abroad. Analysts such as Rafael Ber at Argentine Research say the
Mexicos Slim to invest $560 mln in Peru mobiles
Carlos Slim, the Mexican tycoon who controls leading Latin American cell phone company America Movil (AMXL.MX: Quote, Profile, Research) (AMX.N: Quote, Profile, Research), said on Monday he would invest about $560 million in Perus mobile phone sector in the next two years.
We are investing a great deal in the mobile phone network and we will continue investing, as I mentioned to the president, about $280 million per year in the next two years, Slim told reporters after meeting with Peruvian President Alan Garcia.
Penetration here is relatively low compared with other Latin American
Mexico Confirms Fujimori Passed Through Its Territory
Mexican Foreign Minister Luis Ernesto Derbez has corroborated that ex President of Peru Alberto Fujimori, who said he never left the plane, passed through Mexico on his way to Chile.
He went legally through Mexico although INTERPOL had issued a red alert (warrant) but did not submit an official extradition request.
Derbez said the ex head of state "apparently was present for some 45 minutes during refueling of the plane that flew in from Tokyo."
He said that local authorities were aware of this, but lacked the power to arrest him in the absence of an order
FIFA U-17 World Championship Final Preview: Brazil x Mexico
The most effective attack will meet the most efficient defense in the final of the FIFA U-17 World Championship. Brazil, actual World Championship holders and three-times champions, will be looking to capitalise on their goalscoring talents to make the leap to ‘pentacampeões’. Mexico have already bettered their previous appearances by getting to the final, and rely on a solid team that defend maturely.
Both nations have clocked up the same results so far – three wins and a defeat – but Brazil have scored 16 times in five games, but this average
Mexico, Peru criticize Japan's handling of Fujimori matter
Mexico and Peru are expressing irritation at the way Japan has handled the case of former Peruvian President Alberto Fujimori, who claimed Japanese citizenship during his five years in exile in Tokyo.
Mexican Foreign Minister Luis Ernesto Derbez said late Thursday that he'd filed a protest asking Japan to explain why it didn't notify Mexico that Fujimori's plane had a scheduled refueling stop in Tijuana en route to Chile.
Also on Thursday, Peru announced that it had withdrawn its ambassador to Japan, Luis Macchiavello, to protest a Japanese delegation's visit with Fujimori
Grupo Mexico, America Movil, Braskem: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Commodity prices yesterday had their biggest drop in seven months after a drop in oil prices eased the threat of inflation. Copper for March delivery dropped 5.2 cents, or 2.2 percent, to $2.278 a pound on the Comex division of the New York Mercantile Exchange, the biggest decline since Dec. 14. Prices earlier reached a record $2.339. The shares of the world's fourth-largest
Mexico Telmex, Spains Telefonica squabble in Chile
Mexican telecommunications giant Telmex on Monday accused its Spanish-owned rival, Telefonica Chile (CTCa.SN: Quote, Profile, Research), of erecting legal roadblocks to a wireless concession it won in Chile last year.
Telmex (TMX.N: Quote, Profile, Research) (TELMEXL.MX: Quote, Profile, Research) and Telefonica are battling for control of Latin Americas booming telecommunications market and Telmex won a concession to operate wireless local loop services (WLL) in Chile in December last year.
Telmex, owned by the Mexican magnate Carlos Slim, won a national license to operate the technology while VTR, a unit of Liberty Media (L.N: Quote, Profile, Research),
