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China's banks start to samba with Petrobras deal

Another sign of how fast the global financial markets are changing. Industrial and Commercial Bank of China (IDCBY.PK) will be one of the investment banks running the book for the $32 billion share offering of Petrobras (PBR). This will be the first time a Chinese...

Update Petrobras (PBR)

Disappointment on Petrobras (PBR). Although it’s disappointment that investors will ultimately get over. The government is charging Petrobras more than expected to buy 5 billion barrels of oil reserves. (Pre-transfer the company has proven reserves of 15 billion...

Update Lan Airlines (LFL)

This deal is a huge expansion for Lan Airlines (LFL) that will turn Chile’s national airline into a truly South American airline. Lan will buy Brazil’s Tam (TAM) for $3.7 billion. Shareholders of Lan will own 70% of the combined company. (Tam will be delisted and the...

Update Vale (VALE)

(I’m ratcheting up my vacation a notch next week for my annual summer recharge of my batteries and taking Jubak Picks completely dark for a week or so until August 24. I will resume my regular posting schedule when I return.) What was most interesting about...

Update Ambev (ABV)

(I am on vacation until August 24. During that period JubakPicks.Com will operate on a reduced posting schedule of one or at most two posts a day.) The noose got a little tighter around Mexican brewer Grupo Modelo, Mexico’s largest beer maker. On July 12 the company...

Looking for good news today? Try Brazil

Good news out of Brazil today, June 29. (Yes, Virginia, there is good news somewhere.) I know. I know. The Brazilian stock market is taking it on chin this morning on worries about slowing growth in China. What do you expect? China is a huge export market for Brazil....

Sell Market Vectors Brazil Small-Cap (BRF)

With Brazil’s central bank likely to start raising interest rates at its April 27 meeting, I’m going to cut my short-term exposure to my favorite developing market–for the long term–by selling Market Vectors Brazil Small-Cap ETF BRF). I’m got an 8.3% gain...

Update AmBev (ABV)

On March 4 AmBev (ABV) reported fourth quarter earnings before interest, taxes, depreciation, and amortization grew by 9.1% from the fourth quarter of 2008. Total net sales increased by 13.9% from the year-earlier period on an 11.6% increase in volume in Brazil....

Update Itau Unibanco (ITUB)

On February 9 Itau Unibanco (ITUB) reported a 72% jump in fourth quarter net income from the fourth quarter of 2008.  Just as important in banking these days, credit quality improved. The percentage of loans more than 90 days behind in payment fell to 5.6% as of the...

Buy Market Vectors Brazil Small-Cap (BRF)

I sold Market Vectors Brazil Small-Cap ETF (BRF) out of Jubak’s Picks about 9% ago back on December 9, 2009, and now I think it’s time to re-buy. Well, actually I think Friday was a time to re-buy—before a recommendation from Goldman Sachs to buy the Brazilian real...

Buy AmBev (ABV)

I think this one fits the recommendations for how to invest in emerging markets now that I laid out in my post https://jubakpicks.com/2010/01/07/how-to-buy-into-emerging-market-stocks-now/ AmBev, or to give the company its full name Companhia de Bebidas Das Americas...