Plans by Brazilian billionaire Eike Batista to borrow as much as $1.5 billion from banks to develop an iron-ore mining project mark what lenders say could be the return of project finance to Latin America’s largest economy.
BM&FBovespa May Face Rival Stock Market From Bats, Claritas
Bats Global Markets and Claritas Investments are discussing plans to build a new equities exchange to challenge BM&FBovespa SA’s monopoly in Brazilian stock trading, according to a Bats executive.
Icahn Stake in Clorox Trumped by Profit Margin, Cash: Real M&A
Billionaire Carl Icahn’s investment in Clorox Co. gives him a stake in a company that is already squeezing more profit from sales and generating more cash than any U.S. household products maker. That may make it harder for the activist to push for a sale or breakup.
Chevron’s Ecuador Judgment May Be ‘Unenforceable,’ Analyst Says
Chevron Corp., the second-largest U.S. oil company, may never pay a cent of the more than $17 billion in fines and penalties levied by an Ecuadorean court for environmental damage dating back to the 1960s.
MMX Raised to ‘Buy’ From ‘Underperform’ at Banco Santander
MMX Mineracao & Metalicos SA was raised to “buy” from “underperform” by Banco Santander SA analysts including Felipe Reis, which cited the stock’s valuations and the “strong momentum” for iron ore.
Batista Bid Has Brazil’s Richest Make Explorers Cheap: Real M&A
If Brazilian billionaire Eike Batista gets his way by acquiring Vancouver-based Ventana Gold Corp. for about C$1.1 billion ($1.1 billion), he will make other North American companies that develop the metal’s deposits look cheap for would-be acquirers.
Emerging-Market Stocks Rebound Most in a Month on China, Egypt
Emerging-market stocks rose the most in a month after Chinese exports exceeded estimates and Egypt’s ruling army council said it will hand power to a democratically elected government.
Source: www.bloomberg.com
BM&FBovespa May Face Rival Stock Market From Bats, Claritas
Bats Global Markets and Claritas Investments are discussing plans to build a new equities exchange to challenge BM&FBovespa SA’s monopoly in Brazilian stock trading, according to a Bats executive.
Icahn Stake in Clorox Trumped by Profit Margin, Cash: Real M&A
Billionaire Carl Icahn’s investment in Clorox Co. gives him a stake in a company that is already squeezing more profit from sales and generating more cash than any U.S. household products maker. That may make it harder for the activist to push for a sale or breakup.
Chevron’s Ecuador Judgment May Be ‘Unenforceable,’ Analyst Says
Chevron Corp., the second-largest U.S. oil company, may never pay a cent of the more than $17 billion in fines and penalties levied by an Ecuadorean court for environmental damage dating back to the 1960s.
MMX Raised to ‘Buy’ From ‘Underperform’ at Banco Santander
MMX Mineracao & Metalicos SA was raised to “buy” from “underperform” by Banco Santander SA analysts including Felipe Reis, which cited the stock’s valuations and the “strong momentum” for iron ore.
Batista Bid Has Brazil’s Richest Make Explorers Cheap: Real M&A
If Brazilian billionaire Eike Batista gets his way by acquiring Vancouver-based Ventana Gold Corp. for about C$1.1 billion ($1.1 billion), he will make other North American companies that develop the metal’s deposits look cheap for would-be acquirers.
Emerging-Market Stocks Rebound Most in a Month on China, Egypt
Emerging-market stocks rose the most in a month after Chinese exports exceeded estimates and Egypt’s ruling army council said it will hand power to a democratically elected government.
Source: www.bloomberg.com
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