* China in push to open currency borders
* Brazil’s central bank adopts hawkish tone
* Rosneft seals $10bn deal with oil traders
* US urges China to enact N Korea sanctions
* BTG gives Batista a helping hand
* Citi to sign out of Brazil card business
* New Year blamed for China imports dip
* 3i buys Brazil eyewear group Óticas Carol
China in push to open currency borders
China will give offshore money managers more freedom in deciding where to invest their renminbi holdings, in the latest step to boost the currency’s global appeal.
Brazil’s central bank adopts hawkish tone
Brazil’s central bank has taken a decidedly more hawkish tone in its monetary policy rhetoric as it seeks to reaffirm the credibility of its inflation-targeting regime. The central bank left its benchmark Selic rate unchanged at a record low of 7.25 per cent for the third consecutive time at its latest monetary policy meeting this week.
Rosneft seals $10bn deal with oil traders
Rosneft has closed a $10bn financing deal with oil traders Glencore and Vitol, bringing the “largest acquisition in history” a step closer to conclusion, according to Igor Sechin, the Russian state oil company’s chairman.
US urges China to enact N Korea sanctions
The US urged China on Thursday to implement a new round of UN sanctions on North Korea designed to prevent imports of materials it can use in its nuclear weapons programme.
BTG gives Batista a helping hand
Eike Batista may have lost nearly $20bn over the past year but the Brazilian billionaire still has enough friends in high places to see him through, it seems.
Citi to sign out of Brazil card business
Another foreign bank is looking to exit at least part of its business in Latin America – this time Citi with its Brazil credit card division.
New Year blamed for China imports dip
China’s imports fell sharply in February and export growth slowed after factories and offices closed for the country’s New Year holiday.
3i buys Brazil eyewear group Óticas Carol
3i Group has made its second investment in Brazil, acquiring Óticas Carol, the country’s second-largest eyewear retail chain by sales.
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