The bonds will carry an interest rate of between 7. Proceeds may be channeled to form working capital, invest in assets, restructure debts, inject capital into controlled or associated companies or grant loans, the bank said. The government last month revised its estimate of this year's economic contraction to 3. Richmond, Va. Spokesman Hunter Applewhite declined to say whether the sale would result in a gain or a loss but did say it "will have a favorable impact on earnings going forward.
Charlotte-based Duke Energy said the purchase of 1, megawatts of generating capacity positions its international subsidiary to become Latin America's first truly regional power generation and energy trading and marketing company. The Dominion portfolio of hydroelectric, natural gas and diesel powered generation businesses in Argentina, Belize, Bolivia and Peru "will provide tremendous synergies with our existing portfolio, along with the Brazilian and El Salvadoran companies we.
Eduardo Duhalde its candidate for the Oct. President Carlos Menem sat next to Duhalde at the Peronists' Buenos Aires headquarters in a symbolic act meant to put to rest the bitter fight between the two for control of Argentina's largest political party.
The governor is lagging the candidate of the center-left opposition Alliance, city of Buenos Aires Mayor Fernando de la Rua, by up to 13 percentage points in recent opinion polls. Duhalde gained ground quickly in the first half of the year as he reduced De la Rua's point lead to nothing. Pollsters attributed his good early performance to positive publicity stemming from public clashes with Menem that gave the impression he wa. Now that Duhalde's fight to stop Menem presenting himself as a candidate for the Oct.
Duhalde looked uncomfortable when Menem gave a speech at the launch ceremony, and often avoided joining in the general applause. The year old president, who has dominated his country like few South American politicians this decade, vowed not to beco. I don't want anyone to think I am dispirited or sad. Other people are sad because I am going," Menem said. Many political observers, including Menem's former economy minister Domingo Cavallo, say the president would rather see his party lose in October.
