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April 24, 2008 |
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BANCO INDUSTRIAL: Moody's Rates Tier 1 Capital Notes at Ba3 Moody's Investors Service has assigned a Ba3 foreign currency subordinated debt rating to Banco Industrial S.A.'s non- cumulative fixed/floating rate step up Tier 1 capital notes with a final bullet maturity of 2068. Both principal and interest on... Read More |
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BANCO ITAU: Expects AFAP UnionCapital Buy to Get Regulators' OK Banco Itau Uruguay S.A.'s Deputy General Manager Carlos Ham told Business News Americas that the bank expects regulators to approve its purchase of private pension fund manager AFAP UnionCapital in no more than 90 days... Read More |
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CA LA ELECTRICIDAD: Fitch Upgrades Foreign and Local IDR to BB- Fitch Ratings has upgraded both the foreign currency and local currency issuer default ratings for C.A. La Electricidad de Caracas to 'BB-' from 'B+.' In addition, Fitch has assigned a 'BB-' rating to the proposed issuance of up to US$650 million... Read More |
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GERDAU SA: Quanex Shareholders Okay US$1.67 Billion Purchase Quanex Corp. told the Associated Press that its shareholders have authorized Gerdau SA to purchase the firm for US$1.67 billion... Read More |
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MILLICOM INT'L: Posts US$158MM Net Income in Qtr. Ended March 31 Millicom International Cellular S.A. reported net income of US$158.1 million on net revenues of US$800.7 million for the three months ended March 31, 2008, compared to net income of US$345.2 million on net revenues of US$562.7 million for the same... Read More |
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PETROLEOS DE VENEZUELA: Gov't Approves Oil Sudden-Gains Tax Venuzuela's lawmakers have given their final nods to a new tax on windfall profits of Petroleos de Venezuela SA and other oil companies, Dow Jones Newwires reports... Read More |
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TELEFONICA DE ARGENTINA: Amends Stock Purchase Pact w/ Datacorp Telefonica de Argentina SA has amended its stock purchase agreement with Telefonica Datacorp S.A., in which Datacorp will sell to TASA the 14,948 Additional Shares representing 1.8578% of Telefonica Data Argentina S.A.’s stock capital, to be acquired... Read More |
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XL CAPITAL: Posts Net Realized Loss on Investments of US$102.3MM XL Capital Ltd reported net income available to ordinary shareholders for the quarter ended March 31, 2008, of US$211.9 million, or US$1.20 per ordinary share, compared with US$549.7 million, or US$3.06 per ordinary share, for the quarter ended March... Read More |
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