(El Universal) Chávez’s health makes an impact on Venezuelan foreign policy

Chávez’s Health A scheduled meeting with Colombian President Juan Manuel Santos had to be deferred Foreign Minister Nicolás Maduro will likely stand in for the president at the Summit of the Americas (Photo: AVN) REYES THEIS |  EL UNIVERSAL Wednesday February 29, 2012  10:10 AM Since last September, Colombian Ambassador to Venezuela Alfredo Curé has been waiting [...]

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(MercoPress) Brazil will cut the benchmark interest rate “to less than 10%” this year

Tuesday, February 28th 2012 – 05:02 UTC Brazilian central bank survey showing interest rate levels are inconsistent with the country’s inflation target won’t alter policy makers’ strategy of lowering borrowing costs further, bank President Alexandre Tombini said. The so-called “neutral” rate of interest needed to keep inflation on target with the economy growing at a [...]

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(BN) Chavez Cancer Surgery Makes Venezuela Bonds Best Emerging-Market Performer

By Daniel Cancel – Feb 29, 2012 8:55 AM ET   Venezuelan debt returned the most in emerging markets this month as investors boosted holdings of the oil producer’s bonds on speculation President Hugo Chavez’s deteriorating health will prevent him from seeking re-election. Venezuelan bonds returned 14 percent this month through yesterday, compared to 7.4 [...]

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(BN) Rede Energia Bonds Sink After Brazilian Utility Celpa Files for Bankruptcy

By Rodrigo Orihuela and Boris Korby – Feb 29, 2012 9:43 AM ET   Bonds issued by Rede Energia SA (REDE4) and unit Centrais Eletricas do Para SA plummeted after the Brazilian utility known as Celpa filed for bankruptcy protection amid increasing debt and more than four years of frozen tariffs. Rede Energia’s perpetual dollar-denominated [...]

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(BN) Europe Could Take Lessons From Mexico’s Tequila Crisis, G-20’s Host Says

By Jonathan Roeder and Nacha Cattan – Feb 26, 2012 9:10 PM ET   European nations, struggling to end their debt crisis, should look at Latin America’s triumph over decades of financial crashes as a blueprint for resolving their woes, said officials at a summit of the world’s biggest economies in Mexico. Mexican President Felipe [...]

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(BN) Mexico Peso Gains as Debt Concern Eases on Economic Confidence

By Ben Bain – Feb 28, 2012 7:21 PM ET   Mexico’s peso rose for a second day as an improvement in European economic confidence buoyed the outlook for global growth and exports from Latin America’s second-biggest economy. The peso gained 0.4 percent to 12.8444 per U.S. dollar at 4 p.m. in Mexico City, from [...]

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Argentina Daily 02/29

GOVERNMENT INTERVENES TBA AFTER TRAIN ACCIDENT: Following last week’s tragedy in Buenos Aires where 51 people died in a train accident, President Cristina Fernandez decided to intervene the operator company (TBA) for at least 15 days while the local justice defines the responsibility in the case of each of the parties involved. The announcement was [...]

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Venezuela Daily 02/29

CHÁVEZ IN GOOD CONDITION FOLLOWING OPERATION, AUTHORITIES CONFIRM: Venezuelan Vice-President Elías Jaua read out a communiqué from the President’s Office confirming that President Hugo Chávez underwent surgery and is in good health condition. “The surgery was held as planned with a satisfactory outcome and a schedule for his physical recovery. The commander is in good [...]

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Venezuela & PDVSA Indicative Run

                     Bid Ask         Bid Ask Security              Px Px          YTM YTM    Bench ——————————————————————————- **Venezuela*** VENZ  10¾  13   104.250-105.500   7.762/ 6.916 1YR VENZ  8½   14   100.250-101.000   8.385/ 8.059 2YR VENZ  5¾   16    89.250- 90.250   9.028/ 8.703 3YR VENZ  13⅝  18   109.000-111.000  11.599/11.181 5YR VENZ  7     18    83.250- 84.250  10.528/10.294 5YR VENZ  7¾   19    84.000- 85.000  10.895/10.676 5YR [...]

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Venezuela & PDVSA Indicative Run

                     Bid Ask         Bid Ask Security              Px Px          YTM YTM    Bench ——————————————————————————- **Venezuela*** VENZ  10¾  13   104.250-105.500   7.775/ 6.934 1YR VENZ  8½   14   100.250-101.000   8.385/ 8.060 2YR VENZ  5¾   16    89.000- 90.000   9.103/ 8.778 3YR VENZ  13⅝  18   109.000-111.000  11.602/11.183 5YR VENZ  7     18    83.000- 84.000  10.584/10.349 5YR VENZ  7¾   19    83.750- 85.000  10.947/10.674 5YR [...]

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