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July 05 2009 Contact Us
 Latin America

Caribbean hurricane damage is also an opportunity for local utilities and for Spain\'s Abengoa
Violent hurricanes which ripped through the Caribbean in recent years have caused widespread destruction of infrastructures, but rebuilding power grids allows utility companies to add valuable fiber-optic capacity to their network. Spanish company Abengoa is using this opportunity to expand its activities in the region.
Enel Green Power signs agreement in Chile
Enel Green Power, through its subsidiary Enel Latin America (Chile) Limitada, has signed a project development agreement with SoWiTec Energias Renovables de Chile Ltda, an affiliate of the German developer SoWiTec international GmbH, to develop several wind power projects in Chile for a total capacity of up to 850 MW.
Canada: Recession continues to hit economy
The giant Canadian telecommunication Nortel\'s bankruptcy protection file was yet another sign of the economic slowdown in the country. Canada registered in November a surplus of $1.3 billion in its trade balance.
Middle East Petrochemical stocks enjoyed price hike in December
Middle Eastern petrochemical companies suffered from massive downturn in their value during 2008 mainly due to the global financial crisis.
KPMG 2008 Revenues Grow 14.5% to US$22.7 billion
KPMG, the global network of professional service firms providing audit, tax and advisory services, today announced that member firm combined revenues increased to US$22.69 billion for the fiscal year ending September 30, 2008, versus US$19.81 billion for the prior fiscal year, reflecting double-digit growth across all of KPMG’s service lines.
FED rates, fixed income and the USD forecast.
The deterioration in the U.S. economy is a fact. Stagfalation fear is well in place, adverse financial market developments is seen almost on a daily basis, and the worst news re the housing market is yet to come.
ACTE Expands its Commitment to the Central and Latin American Community
The Association of Corporate Travel Executives (ACTE) has further solidified its commitment to the Central and Latin American business travel community by announcing the addition of two new members to the ACTE staff in the region.
Moody\'s: stable outlook for Argentine bank ratings
According to its annual report on the Argentine banking industry, Moody\'s Investors Service says that the ratings of the country\'s banks have a stable outlook.
Moody\'s: stable rating outlooks for Brazil\'s banks
Moody\'s Investors Service\'s ratings for the major Brazilian banks have stable outlooks, according to its annual report on the nation\'s banking system.
Israeli water industry growing
Most of the Middle East countries have to tackle water problems as water scarcity becomes apparent.
Construction works begin on Potosí-Uyuni highway
Construction work started on the Potosí-Uyuni highway with US$75 million in financing from the Andean Development Corporation together with local funds of US$33.2 million.
Moody\'s: Outlook Positive on Colombian Bank Ratings
Moody\'s Investors Service changed the outlook to positive from stable on its Ba3 long-term foreign currency deposit ratings for Bancolombia, S.A and Banco de Bogota, S.A. following a similar action on Colombia\'s foreign currency deposit ceilings today.
DeepOcean wins Petrobras contract
DeepOcean ASA and its Brazilian partner Comphania Brasileira de Offshore (CBO) have been awarded a contract by Petrobras in Brazil.
Moody\'s: Latin American bank loan diversity adequate on average; no rating implications
In its first survey of loan diversity among Latin American banks, Moody\'s Investors Service finds that their credit portfolios are more concentrated than those found in North America, yet are less so than those of their peers in Asia, especially in terms of core profitability.
Moody\'s reviews local-currency ratings of BankBoston Uruguay S.A. for
Moody\'s Investors Service has placed on review for possible upgrade the Ba2 long-term global local currency deposit ratings of BankBoston Uruguay S.A , as well as its Aa3.uy local-currency national scale deposit ratings.
Moody\'s assigns first-time ratings to Banco Bandes Uruguay S.A.
Moody\'s Investors Service assigned a bank financial strength rating (BFSR) of E+ (E plus) to Banco Bandes Uruguay S.A (Bandes Uruguay), a wholly-owned subsidiary of Banco de Desarrollo Económico y Social de Venezuela (Bandes).
Moody\'s Reviews For Upgrade Long-Term Foreign-Currency Ratings Of Brazilian Banks
Moody\'s Investors Service has placed on review for possible upgrade the long-term foreign-currency deposit ratings of certain Brazilian banks.
World Bank OKs US$26 million to promote innovation and improve Uruguay’s competitiveness
The World Bank’s Board of Directors has approved a US$26 million loan to Uruguay in order to implement the Promoting Innovation to Enhance Competitiveness Project.
  China
China Southern Power Grid Inks Major Sponsorship With The 16th Asian Games
China Telecom kicks starts 3G mobile video streaming
Rockley Group announces $100 million fund and major initiative to support companies driving sustainable development in China
Swine flu and air travel safety - expert says air travel safe despite fears of contagion
Swine flu symptoms and infections spread, but epidemic is less deadly
Kia Motors posts growth in general markets, China, Korea and North America in March
Feiler predicts higher oil prices towards the 3rd Q of 2009
Air Transport industry: US$2.5 billion loss for 2009
  India
The India equity market has upside potential
Jerusalem Light Train Project to strengthen Palestinian political and economic aspirations
GCC stock market: SABIC controls 56% of market cap in oil and gas sector
Feiler on bearish USD, Fed rate of 0 percent, lower government bond yield
  Russia
Russian Agricultural Division: preparation for spring sowings
Expert: Oil price to continue drop
Feiler forecasts for 2009: bearish USD, Fed rate of 0.50 percent, low government bond yield and budget deficit over 8%
Growing need to lure FDI
  Latin America
Caribbean hurricane damage is also an opportunity for local utilities and for Spain\'s Abengoa
Enel Green Power signs agreement in Chile
Canada: Recession continues to hit economy
Middle East Petrochemical stocks enjoyed price hike in December