Panama Bonds Top Emerging-Market Returns as Latin America Becoming Haven

  By Ye Xie and Nathan Gill – Dec 27, 2011 9:00 PM ET   Dollar bonds of Latin American nations from Panama to Uruguay provided the best returns in emerging markets this year, a rally that may extend into 2012 as lower debt and higher foreign reserves limit the effects of the European debt [...]

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(El Universal) International reserves fall down 4.4% in 2011

Economy State-run oil company Petróleos de Venezuela (Pdvsa) has only transferred to the Central Bank of Venezuela 40% of petrodollars The Central Bank of Venezuela will need more foreign exchange due to rising imports (File photo) VICTOR SALMERON |  EL UNIVERSAL Tuesday December 20, 2011  09:38 AM The price of the Venezuelan oil basket has increased by [...]

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(BN) Chavez May Devalue Bolivar to Boost Spending Before Vote, Barclays Says

  By Daniel Cancel – Dec 20, 2011 2:44 PM ET   Venezuelan President Hugo Chavez may devalue the bolivar in coming months to boost spending ahead of the October election in which he’ll seek a third term, Barclays Capital said. Chavez, who has weakened the bolivar’s official peg to the U.S. dollar by 50 [...]

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(BN) Brazil May Miss CPI Target for First Time in Eight Years as Prices Climb

  By Alexander Ragir – Dec 21, 2011 7:16 AM ET Brazilian inflation accelerated for a second month through mid-December, led by a jump in food and beverage prices, reinforcing bets that inflation will breach the central bank’s annual target for the first time in 8 years. Consumer prices, as measured by the IPCA-15 index, [...]

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Venezuela & PDVSA Indicative Run

                     Bid      Ask    Bid    Ask Security              Px       Px    YTM    YTM Bench ——————————————————————————- **Venezuela*** VENZ  10¾  13    99.500-100.750  11.050/10.247 2YR VENZ  8½   14    92.000- 93.000  11.938/11.487 2YR VENZ  5¾   16    76.500- 77.500  13.247/12.874 3YR VENZ  13⅝  18    98.000-100.000  14.087/13.614 5YR VENZ  7     18    69.500- 70.500  14.009/13.722 5YR VENZ  7¾   19    69.750- 71.000  14.298/13.959 5YR VENZ  6     [...]

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Venezuela & PDVSA Indicative Run

                     Bid      Ask    Bid    Ask Security              Px       Px    YTM    YTM Bench ——————————————————————————- **Venezuela*** VENZ  10¾  13   100.000-101.000  10.727/10.089 2YR VENZ  8½   14    92.750- 93.750  11.596/11.150 2YR VENZ  5¾   16    77.000- 78.000  13.056/12.686 3YR VENZ  13⅝  18    98.000-100.000  14.086/13.614 5YR VENZ  7     18    70.000- 71.000  13.863/13.578 5YR VENZ  7¾   19    70.750- 71.750  14.024/13.757 5YR VENZ  6     [...]

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(El Universal) Oil joint ventures operating in Venezuela seek USD 14 billion

Hydrocarbons Spanish oil company Repsol-YPF, Royal Dutch Shell and Brazilian federal oil company Petroleo Brasileiro (Petrobras) seek to raise USD 14 billion in external funding to reverse the trend of declining or stalling oil production in Venezuelan oil fields Some 20 joint ventures operating mature oil fields in Venezuela have a production capacity of about [...]

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(El Universal) [Venezuela] Public spending threatens to boost inflation

Economy Credit Suisse projects inflation at 31.5% in 2012 The amount of Venezuelan bolivars in circulation has skyrocketed (File photo)   EL UNIVERSAL   Wednesday December 14, 2011  02:28 PM Venezuela’s government will expand public spending in 2012, an election year, to boost consumption. However, increased liquidity and unchanged supply will lead to higher prices. Given booming [...]

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(Andina.com.pe) Peru needs flexible policies amid global risk, says IMF

  Financial center in Lima’s San Isidro district. Photo: ANDINA/archivo Lima, Dec. 14 (ANDINA).The International Monetary Fund said Wednesday that Peru will need to ensure flexible policies to provide a cushion against heightened risks in the global economy, as growth in the Andean country is expected to slow next year due to a decrease in [...]

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(Andina.com.pe) Peru’s imports rose 18.6% up to US$ 3.3 billion

Lima, Dec. 14 (ANDINA).The value of Peru’s imports amounted to US$ 3.3 billion, representing a 18.6 percent increase in November 2011 compared to the same month a year earlier, the National Superintendency of Tax Administration (Sunat) reported Wednesday. The result is the second highest figure of this year after August’s which accounted to US$ 3.5 billion. With [...]

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