Industry

Petrobras is now setting up its plan for the auction of its shares in Nigerian oil fields Brazilian oil firm Petrobras has auctioned its interest in the oil fields in Nigeria that would draw up to $5 billion as the company aims to get cash and embarks on a capital spending plan, sources familiar with the matter told Reuters.

SBM Offshore, along with its partners, has signed a $3.5 billion contract from Brazilian oil firm Petrobras to construct two oil platforms.

Armada Hoffler Properties Inc. is planning to raise $201.3 million from IPO as it hopes to become an REIT.

Shell says China approves a product-sharing contract for the share gas block in Sichuan. Royal Dutch Shell has received approval from China for a production-sharing contract for the Fushun shale gas block in the southwestern province of Sichuan as it steps up drilling activities in the Asian country.

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Argentina has recently instituted new regulation for investments to curb capital flight and retain dollars.

SEC Chairman Elise Walter proposes foreign regulatory guidelines for cross border trading especially with over the counter derivatives trades.

Standard is considering to buy a bank in Egypt as it sees economic stability in the country. Standard Chartered plans to buy an Egyptian bank to benefit from the booming lending sector of the Middle East, regional head Christos Papadopoulos said.

Colombia, Peru, Costa Rica and Mexico are preparing its financial systems for the pressure from foreign markets on their currencies.

Reuters, in its investigation, found existing measures by the EU that could have avoided the Cypriot banking system collapse.

With the economy growing and the hosting of the World Cup and Olympics in the next few years, the foreign language market in Brazil is booming.

When compared against Pimco, Prudential rates better in terms of performance and value return. Pimco is acclaimed to be the world's biggest total return fund but many smaller funds also thrive in the market.

Itau' Unibanco emerges as top global debt manager according to Thomson Reuters data. Brazilian banks raced ahead of its foreign competition in the management of global debt offerings from both its government and fellow companies in 2012.

The slowdown in world markets and the decline of the US Dollar value against other currencies is a recipe for problems post 2008.

Investors are pulling away from investing money in funds, instead they co-investment alongside private equity companies.