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Santander Committed to Brazil as Major Contributor to Bank’s Profits
Chairman Botin confirms the strategic importance of Santander Brazil, which accounts for the vast majority of the bank’s world-wide profits for the 1st quarter 2012. By Marco dos Santos The deepening crisis in Spain last week cast shadows over the financial
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HSBC Continues to Sell Non-Core Assets
HSBC is selling businesses in four South American countries as it carries on its plan of leaving what it regards as less promising markets. The deal is still subject to regulatory approval but HSBC has reported the sale of its
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Gold Becomes Peru’s Main Export Item in the First Quarter of 2012
Peruvian gold sales totalled 2.57 billion dollars in the first quarter of this year, making the commodity the country’s top export, the National Mining, Petroleum and Energy Society, SNMPE, announced. Total exports of gold soared 30% last year reaching 10.1bn
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More Phones Than People in Brazil
With the privatization in 1998, Brazil stopped being a country where the telephone was a privilege for the few. With over $ 235 billion of investments since then, the country is already has the world’s sixth largest telecommunications market. But
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Dubai’s Nakheel Says Back in the Black in H1
Nakheel, the Dubai developer that wrote down AED78.6bn ($21.4bn) from the value of its real estate as property prices in the emirate crashed, reported a first-half net profit on Monday. The architect behind Dubai’s palm-shaped island said it booked profit of AED526m ($143m)
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Mines and Money Beijing 2012
Mines and Money Beijing is where mining companies from around the world come to raise capital in China. The event takes place in the capital city of the world’s most important natural resources buyer on 21 – 22 June 2012.
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Lending Helps JPMorgan, but 4th Quarter Was Soft
Wall Street, more than three years after the financial crisis, has loosened its lending tap. Consumers, however, have yet to reap the benefits. Results announced on Friday by the nation’s strongest and biggest bank by assets, JPMorgan Chase, point to a
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U.S. Trade Deficit and Consumer Sentiment Rise
The United States trade deficit widened in November to its largest point in five months, prompting some economists to slightly rein in growth expectations for the fourth quarter. A separate survey released on Friday showed that consumer sentiment hit an
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A New Generation of Banker
Brazilian Alessandra França, by no means fits the banking stereotype at only 26 she has already, established a bank for the poor after reading the biography of Muhammad Yunus, Nobel Peace Prize winner in 2006. By Marco dos Santos The young
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Big Banks: Cure or Curse for the Global Economy?
Friday 27 January 2012, CFI with report from the World Economic Forum in Davos, Switzerland with anchor Bloomberg Television Key Points Banking reforms are still a work in progress – there is still a long way to go before the global
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