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Mexican stock trading outage irks its traders

MEXICO CITY / Bloomberg A 90-minute interruption in Mexican stock trading during the peak of earnings season drew fire from traders. “It’s very hard when things like this happen,” said Rogelio Ramos, an equity sales trader at Interacciones Casa de Bolsa SA in Mexico City. “From the time you come in, people, companies, foreign clients, everyone is asking us: ‘Hey, ...

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Taesa keen on in Abengoa’s Brazil power lines

Rio De Janeiro / Bloomberg Transmissora Alianca de Energia Eletrica SA (Taesa) , a state-owned operator of power lines in Brazil, is considering the acquisition of Abengoa SA’s transmission assets in the country as the Spanish company teeters on the edge of insolvency. “We are interested in the assets,” Chief Executive Officer Jose Aloice Rogone Filho said in an interview. ...

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Venezuela sees saviour in gold as country fights to avoid default

Caracas / Bloomberg Venezuela is planning to move fast with a new mining joint venture announced this week with Spokane, Washington-based Gold Reserve Inc. and will start extracting the precious metal within six months, according to central bank President Nelson Merentes. The government will have a 55 percent to 60 percent stake in the new venture, while Gold Reserve and ...

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