Petrobras’s successful $11bn bond issue underscores growing investor appetite for emerging market debt, but rising inflation in Brazil is undermining business confidence.
Finance
Brazil’s IPO resurgence
Companies line up to list as investors show renewed interest in Brazilian stocks.
Agenda: maids set to receive employee rights
Other congressional business includes a vote on the ports law, which frees private operators to transport more third-party cargo.
BNDES downgrade highlights tensions
Local commentators debate Moody’s decision to cut ratings on two public banks, a move that highlights concerns about the recent stimulus strategy.
Agenda: social housing project hearing
Public consultation on social housing in São Paulo to revitalise the city centre.
Agenda: 4Q GDP to be announced
The data may affect signals from the monetary policy committee in early March.
Private equity interest in infrastructure builds
Our survey of funds suggests that investing in service providers to the large road and rail concessions is a rising priority. Respondents also reported increased optimism about exits and fundraising.
Infrastructure: BNDES prepares for central role
The development bank has invested in tax-exempt debentures, yet there is little detail in its plans to increase financing for the overall package of transport projects.
Agenda: Rousseff to tour north-east
In a further sign that the presidential campaign may be beginning, the president will visit three north-eastern states, shortly after detailing her legislative agenda for 2013.
Property financing receives a small boost
Foreign investors in listed property funds will no longer pay financial transactions tax, in another sign of the government's desire to attract capital for infrastructure development
