Posted in Bolivia, Colombia, Ecuador, Latam, Latin America, Newswire, Peru, South America, South-South Cooperation, Venezuela, tagged 10-year notes, Boliva, Bonds, CAF, Colombia, Corporacion Andina, Ecuador, finance, Peru, raising money, South America, south-south, The Andean Development Corporation, u.s. treasuries, Venezuela on May 28, 2009| Leave a Comment »
Corporacion Andina de Fomento sold $1 billion of 10-year notes, according to a person familiar with the transaction.
CAF sold the bonds to yield 4.5 percentage points above U.S. Treasuries, said the person, who declined to be identified.
[Source] — Bloomberg
Posted in Bolivia, Brazil, Commodities, Commodity FP, Crude Oil, Energy, Finance / Investments, France, Industry Headlines, Iron Ore, Latam, Latin America, Metals, Mexico, Newswire, South America, South-South Cooperation, Steel, United States, Venezuela, tagged Banco Azteca, Boliva, Brazil, brazilian stocks, Chavez, chavez takes control of iron and steel, Commodities, Crude Oil, evo morales, iron, Iron Ore, Mexico, PEMEX, ricardo salinas, Steel, United States, us latin american relations, Vale do Rio Doce, Venezuela, venezuelan bonds on May 23, 2009| Leave a Comment »
Bolivia and US agree to improve bilateral ties
Bolivian President Evo Morales has called for a complete overhaul of his country’s strained ties with the US. He urged “mutual respect” between the two nations, saying Washington should not interfere in Bolivia’s affairs.
Venezuelan Bonds Sink to Six-Week Low as Chavez Takeovers Fuel `Distrust’
Venezuela’s benchmark bonds fell to a six-week low after President Hugo Chavez announced the government will take over the hot-briquetted iron industry and other metal companies.
Chavez Takes Control of Venezuela’s Hot-Briquetted Iron, Steel Industries
Venezuelan President Hugo Chavez announced the government will take over the hot-briquetted iron industry and other metal companies, increasing its control over the nation’s mineral-wealth industries.
Venezuelan Oil Keeps Attracting Bidders in Bets That Chavez Isn’t Forever
Chevron Corp. and Total SA are pursuing new Venezuelan oil projects after President Hugo Chavez tore up past agreements, seized assets of contractors and expelled producers that wouldn’t accept new terms.
Cash short Venezuela negotiating loans from Brazil
Venezuelan President Hugo Chavez, whose administration is facing cash shortages as oil revenues plunge, is negotiating loans from Brazil’s development bank to fund infrastructure projects, revealed the Brazilian newspaper Folha de Sao Paulo.
Brazilian Stocks Gain on Signs of Rising Demand, Commodities; Bolsa Rises Brazil’s
Bovespa index climbed, capping a weekly advance, on speculation domestic demand is recovering and as investors bought commodities to hedge against a weakening dollar.
Brazil’s Vale Lowers This Year’s Planned Investments to $9 Billion From $14 Billion
Cia. Vale do Rio Doce, the world’s biggest iron-ore producer, said falling costs and a stronger dollar allowed it to cut 2009 planned capital spending by 37 percent.
Mexican Billionaire Salinas May Enter California to Boost Hispanic Banking
Banco Azteca, controlled by Mexican billionaire Ricardo Salinas, says the financial crisis offers the bank a chance to enter the U.S. market and lure Hispanic customers.
Pemex Is `Too Optimistic’ About Chicontepec Development, Board Member Says
Petroleos Mexicanos, the state-owned oil company, should reconsider its $11.1 billion plan for the Chicontepec field because lower oil prices make the investment less attractive, said newly appointed board member Fluvio Ruiz.
Posted in -- C.S.A. -- Perspectives & Analysis by Benito, Bolivia, Energy, Natural Gas, Silver, South America, Tin, tagged alto parapeti, americas, antisemetic, Boliva, Bolivia, camiri, eliane capobianco, fegasacruz, guarani, haciendas, Morales, plantations, racists, santa cruz on May 15, 2009| Leave a Comment »
The BBC grew some “huevos” today and ran a report on the ongoing use of near slave labor on Bolivian plantations. Pretty appalling to think this is going on in the Americas.
A friend of mine, whose father made his way to the United States selling cabbages on the streets of post-war Korea proposed a question to me the other day. “What is the big deal in particular about Bolivia? After all, you have seen Slumdog Millionaire, there’s really poor people everywhere and I’m sure India has a lot more and a much dire levels of poverty than Bolivia does.”
Perhaps his perspective has some truth to it. It does not however, change the fact there is a democratic country in the Americas which has pockets of slavery. I say pockets because I am sure this is a one of the extreme examples the media has chosen to focus on, hurting the Bolivian farmers out there who are good people, who do treat their workers fairly and are just trying to earn a living.
Here are a few excerpts from the BBC report
“A senior UN official recently described as “unacceptable” the alleged forced labour of indigenous people by landowners in Bolivia. The BBC’s Andres Schipani reports on the contentious issue of “slavery” from the eastern province of Santa Cruz.”
…
“All my life I’ve been here and at the end of it I have nothing and have nowhere else to go,” she says.
Her hamlet of 13 Guarani families – all workers on the plantations near the town of Camiri in Alto Parapeti region in the eastern province of Santa Cruz – built a school but ranchers destroyed it, she says.
“They didn’t want us to learn, they want things to be like they always have been,” Teresa’s granddaughter, Deisy, says.
…
The other side, a.k.a, the owners of the large plantations has this to say for themselves.
“The idea that there is slavery here is absurd … Offering loans and selling food is not a debt trap but a favour because there are few banks and shops in the region,” says Eliane Capobianco of the rancher’s association Fegasacruz, in the eastern city of Santa Cruz, the opposition heartland.
Click here for the complete BBC report
chinasouthamerica.wordpress.com 