March 13, 2008  
BANCOLOMBIA: Deutsche Bank Hikes Net Income Estimate by 8%
Deutsche Bank told Business News Americas that it increased by
8% its 2008 net income estimate for Bancolombia to COP1.25
trillion with 15% return on equity to indicate faster fee income
growth and lower expenses offset by higher provisions...
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CITGO PETROLEUM: Will Honor Long-Term Crude Agreements
Citgo Petroleum Corp.'s Chief Executive Officer Alejandro
Granado told Dow Jones Newswires that the Venezuelan government,
which owns the company, will continue to honor long-term crude
accords...
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NATIONAL COMMERCIAL: Account Closure Won't Cripple Cash Plus
The National Commercial Bank denied that the closure of Cash
Plus Limited's accounts is having a crippling effect on the
company's operations, Radio Jamaica reports...
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PETROECUADOR: Seeks Contractors to Develop Amazon Fields
Petroecuador wants contractors in the private sector to develop
four fields in the Amazon basin, the Financial Times reports...
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PETROLEOS DE VENEZUELA: Will Discuss Asset Swap With Exxon Mobil
Petroleos de Venezuela S.A. will discuss an asset swap with
Exxon Mobil Cop. for the Chalmette plant in Louisiana, after a
London court rules on the US$12 billion asset freeze case,
Reuters reports, citing Venezuelan Oil and Energy Minister
Rafael Ramirez...
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SCOTTISH RE: Moody's Junks Preferred Stock Debt Rating
Moody's Investors Service has downgraded the preferred stock
debt rating of Scottish Re Group Limited (Scottish Re; NYSE:
SCT) to Caa3 from B2, and the insurance financial strength (IFS)
ratings of the company's core insurance subsidiaries, Scottish
Annuity...
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TAM SA: Reports 67.3% International Market Share in February
TAM SA reported operating data for February 2008, as disclosed
by the Brazilian National Civil Aviation Agency on March 11,
2008...
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TELECOM PERSONAL: Will Launch 3G Services in Asuncion
Telecom Personal will launch 3G services in Asuncion, Paraguay,
Business News Americas reports...
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