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Economy & Business - June 2008 (ISSN 1741-7430)
Eike Batista raises US$3.6bn for start-up
On 13 June, a new Brazilian oil company, OGX Petroleo e Gas SA,
founded by local billionaire Eike Batista, floated on the Bovespa, raising a
staggering R$5.87bn (US$3.58bn) in an initial public offering (IPO). The
company has yet to produce a barrel of oil and has fewer than 100
employees.
- Latin America tightens
- MEXICO: Banco de México ignores Calderón
- MEXICO: Calderón fixes prices
- BRAZIL: Still booming
- ARGENTINA: Consumption dips
- CHILE: Central bank raises rates
- URUGUAY: Strong
- PARAGUAY: Trade deficit rises
- BOLIVIA: Inflation surges
- COLOMBIA: Inflation worries
- ECUADOR: Inflation jumps
- PERU: Tax revenues up 11% in May
- VENEZUELA: Odd inflation figures
- CUBA: Raúl to pay by results
- COSTA RICA: Banking competition kicks on
- DOMINICAN REPUBLIC: FDI booms
- EL SALVADOR: Coping rather well
- GUATEMALA: Steady
- HONDURAS: Taking delivery of Petrocaribe oil
- NICARAGUA: Gloomy
- PANAMA: Counting on the canal
- Eike Batista raises US$3.6bn for start-up
- METALS: Protesters take a police general hostage in mining royalty protests
- BRAZIL : Booming food prices speed up deforestation
- Betting on Cuba