A JPMorgan report made Credicorp a top pick amid continued Peruvian economic growth. According to a JPMorgan Chase & Co. report, Credicorp Ltd. , the Lima-based parent company of Banco de Credito del Peru, may gain up to 32% by the end of this year as the Peru's economy continue to grow.
South/Central America
Chile's Codelco considers selling non-core assets to finance investments
Codelco would sell its non-key assets to fund its investments after receiving only US$1 billion from the government.
Brazil's purchase of Angolan LNG's cargo signals weaker shipping demand
Petroleo Brasileiro SA's acquisition of Angolan LNG's first cargo was expected to lessen the shipping demand.
Brazil oil company shareholder takes problems to court
A shareholder of OGX asked a Rio court to freeze transactions of firms related to Eike Batista A shareholder of OGX Petroleo & Gas Participacoes requested a Rio de Janeiro court to freeze asset sales and payments to firms linked with billionaire controller Eike Batista.
Capital flight from BRIC results to US$13.9 billion lost
Investors retracted US$13.9 billion from equity mutual funds invested in Brazil, Russia, India and China.
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The leading global mid-market investment bank furthers its bid to cater to Latin America and Brazil based clients with the acquisition of Stratus Group's financial advisory division.
OGX in talks to sell its oil license stakes to avoid running out of cash OGX Petroleo & Gas Participacoes (OGXP3) in talks regarding sale of stakes in crude oil block licenses that owned by OGX.
CFR Pharmaceuticals has embarked on a South African road show starting June 08. Chilean generic drug producer CFR Pharmaceuticals has embarked on a South African road show starting June 08.
Energisa takeover was pending court approval. A bid by Energisa SA to takeover Grupo Rede Energia SA was approved on Friday by the company's creditors.
Brazil's benchmark Bovespa stock index increased by 2% after investors picked up Vale and OGX. On Thursday, Brazil's benchmark Bovespa stock index increased by 2%.
Creditors for Rede Energisa gave the Energisa offer the green light Creditors for Grupo Rede Energia SA, a Brazilian power distributor currently seeking to exit a backruptcy protection, approved for a takeover plan initiated by rival company Energisa SA.
The protests in Brazil, Egypt and Turkey should push governments around the world to provide crucial public services and opportunities to their citizens.
BHG announces the signing of a memorandum of understanding with Castelari Construtora Ltda. (Photo : Reuters)Brazil Hospitality Group announces signing memorandum of understanding with Castelari Brazil Hospitality Group (BHG) announced the signing of a memorandum of understanding with Castelari Construtora Ltda.
EBX Group's shares were considered worthless as the company officially breaks up today. (Photo : Reuters)This is Eike Batista. The exit of Brazilian billionaire Eike Batistsa from MPX Energia officially started the collapse of his former industrial conglomerate giant EBX Group.
