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Argentina Central Bank Hikes Rate to 133% on Inflation Data

(Bloomberg) Argentina’s central bank sharply raised its key rate Thursday for the sixth time this year in an effort to contain inflation as price gains continue accelerating above 100% before a presidential election.Most Read from BloombergIsrael Latest: Egypt’s Sisi Urges Gazans to Remain on Their LandTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Hamas Leaders Targeted as Ground War LoomsStocks, Bonds Fall as CPI Boosts Fed-Hike Wagers: Markets WrapGhost in t ....

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IPO of Brazilian pharma Blau may raise around $375 million


By Reuters Staff
1 Min Read
SAO PAULO (Reuters) - The initial public offering of Brazilian pharmaceutical company Blau Farmaceutica may raise around 2.1 billion reais ($376 million), according to a preliminary prospectus filed by the company on Wednesday.
The calculation assumes that Blau will price its shares at 47.6 reais, in the middle of the suggested price range. The company could raise around 1.5 billion reais issuing new shares, and the rest would go to shareholders reducing their stakes.
The transaction will be managed by investment banking units of Itau Unibanco Holding SA, Banco Bradesco SA, Banco BTG PActual SA, JPMorgan Chase & Co and Citigroup. ....

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