June, 2016

• 4 June

  Brazil to delay Petrobras, other asset sales until 2017

  

    Bloomberg Brazil’s Acting President Michel Temer will prioritize infrastructure concessions this year as a way to showcase an improving political environment and rule of law, before offering stakes in state companies in 2017. Several highways and airports are almost ready to be put up for tender. Such deals are less controversial than those involving strategic assets, like units of ...

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• 4 June

  Traders urge Fed to wait until December after job data stun

  

    Bloomberg For bond traders, the stalling U.S. job market means the Federal Reserve will probably lift interest rates just once this year, in December. The nation’s employers added workers at the slowest pace in almost six years in May, government data showed. The report fueled a surge in Treasuries, driving yields on two-year notes down the most since September ...

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• 4 June

  Citigroup tells investors to sell Mexico’s Peso and buy dollars

    Bloomberg Investors should sell Mexico’s peso and buy dollars and euros amid a widening current account deficit in Latin America’s second-largest economy, according to Citigroup Inc. While Mexico’s peso has tumbled the most among major currencies this year on bets that higher borrowing costs in the U.S. will reduce the appeal of riskier assets, Citigroup says that local economic ...

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• 4 June

  Latin America bonds attractive, Pemex a standout: Prudential

    Bloomberg Prudential Financial Inc. says debt from Latin America is still attractive after a rally this year, with bonds from PetroleosMexicanos SA and sovereign securities from Argentina among the most alluring options. David Bessey and Cathy Hepworth, money managers who help oversee $26 billion in emerging-market debt at Prudential Financial, said that the extra yield investors get to own ...

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• 4 June

  Coca-Cola to buy Unilever’s AdeS unit for $575 mn

    Bloomberg Coca-Cola Co. and bottler Coca-Cola Femsa SAB agreed to buy Unilever’s AdeS soy-based beverage business for about $575 million, expanding the beverage giant’s sales of non-soda drinks and boosting its business in Latin America. After the takeover is completed, AdeS will become part of the non-carbonated beverage platforms that Coca-Cola Femsa and Coca-Cola share in its franchise territories, ...

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• 4 June

  Mester sees gradual rate increases despite weak jobs data

  

    Bloomberg The Federal Reserve should raise interest rates gradually despite weak jobs data, Fed Cleveland Bank President Loretta Mester said. U.S. economic growth is picking up, inflation is moving toward target and the country is at full employment, Mester told reporters in Stockholm on Saturday. “I still believe that in order to achieve our monetary policy goals a gradual ...

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• 4 June

  War of words escalates as Clinton knocks Trump

  

    San Bernardino / AFP Hillary Clinton launched stinging criticism of Donald Trump, even suggesting her likely Republican presidential opponent wants to be America’s “dictator,” as she proclaimed she will be the Democratic flag bearer once California votes next week. President Barack Obama lent his voice to the denunciation, saying Trump’s aggressive posture towards immigrants, Muslims and women is “feeding ...

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• 4 June

  Ex-UK Labour leaders urge pro-EU vote

    London / AFP Former leaders of Britain’s main opposition Labour on Saturday urged supporters to vote in favour of EU membership at this month’s referendum. Six senior figures including Tony Blair and Gordon Brown said that, unless the party’s supporters turned out to vote on June 23, there was a risk of Brexit. Current Labour leader Jeremy Corbyn has ...

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• 4 June

  MH17 probe results due within months

    The Hague / AFP Initial results from a criminal inquiry into the downing of a Malaysia Airlines flight over war-torn eastern Ukraine nearly two years ago will be available within months, Dutch prosecutors have said. The results are expected to shed light on the exact type of missile used to shoot down Malaysia Airlines flight MH17 on July 17, ...

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• 4 June

  Indian cult ‘had its own govt, army’: Police

    New Delhi / AFP A mysterious cult at the centre of deadly clashes in India was running its own pseudo-government, army, court and a prison where torture was the norm, a senior police officer said. Some 3,000 followers of the sect clashed with police in the northern state of Uttar Pradesh during an eviction operation, leaving 24 people dead, ...

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