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Luiz Carlos Guedes Pinto, the executive secretary at the Ministry of Agriculture, says that Brazil is making preparations and will be ready for the bird flu if it reaches the Americas. Pinto says that although no cases have been registered in Brazil, an interministerial group is already at work establishing check points at ports and airports and setting up action plans that will be run jointly by government officials, along with the farm and industial sectors. As part of the preparations, a Hemispheric Conference on Vigilance and Prevention of Bird Flu begins today in Brasilia at the Ministry of Foreign Relations with representatives from various multilateral organizations and all the countries in the Americas. The idea of the conference is to coordinate a hemispheric effort to deal with the problem. "We seek to set up a ring of contention and put into action measures to immediately deal with the disease if it appears", says Pinto, as published by Agência Brasil website.

Publication: Ambito Newswire

Publication: Investnews Agency - News

Publication: SABI - Business News

Companies take advantage of the growing popularity of the Fundo de Investimento em Direitos Creditórios, or the FIDC market. The Brazilian ABS fund, (FIDC) is growing in popularity as it enables companies to improve their debt situation by reducing the cost of funding and lengthening tenors.

The Japanese bank no longer appears to be targeting the frequent issuers business.

First non-investment grade trade shows the spoils to come in distressed debt trading.

Amir Hoveyda has become sole head of EMEA debt capital markets at Merrill Lynch. Appointed joint DCM head a year ago, he will pass responsibility for financial institutions to Siddharth Prasad. Under Hoveyda, Merrill has enjoyed a significant success in hybrid capital. His former co-head, Spencer Lake, will now focus on the public sector and corporate coverage effort. Jan Pethick remains chairman of EMEA DCM, which comprises all origination activities across the fixed income universe, including cash and derivatives.

No one saw BoA’s move for “Mimmo” coming – it was an audacious raid.

JPMorgan Asset Management has won entrepreneur Sir Alan Sugar’s City of London contest to raise money for the Hackney Empire, an east London theatre. Eight firms competed in the challenge, based on TV programme The Apprentice, which started in the UK in October. The aim was to raise as much money as possible. JPMorgan raised almost £98,000 of the £195,000 total.

US private equity group Elevation Partners, which has U2 front man Bono as a partner, announced its first investment in two video game companies, Pandemic Studios and BioWare. The deal will bring the two companies together and, as a result of a $300 million investment, Elevation Partners will become the majority shareholder of the combined group. Elevation Partners closed a $1.9 billion fund in August.

According to Morgan Stanley’s chief economist, Stephen Roach: “India is on the cusp of something big.” Roach professes to be as excited about India as he was about China in the late 1990s. The source of this excitement is the country’s burgeoning consumer sector, which, as a share of GDP, is already higher than that of Europe, Japan and China.