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	<title><![CDATA[emerging markets and incainvest Resources | BNET]]></title>
	<link><![CDATA[http://resources.bnet.com/topic/emerging+markets+and+incainvest.html]]></link>
	<description><![CDATA[White papers, case studies, business articles, and blog posts relating to emerging markets and incainvest]]></description>
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		<title><![CDATA[Mexico's Risk Decreased on Announcement of IMF Credit Line]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F129620-mexico-s-risk-decreased-on-announcement-of-imf-credit-line%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  The risk of Mexico, measured through the Emerging Market Bond Index of J.P. Morgan closed at 309 points on Friday, 51 points below March last year.      In comparison, the risk of Argentina and Brazil reduced by 94 and 30 points during last...]]></description>
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		<pubDate>Mon, 06 Apr 2009 03:09:04 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Mexico Takes Loan from IMF to Guard Against Economic Downturn]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F129115-mexico-takes-loan-from-imf-to-guard-against-economic-downturn%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  According to the FT, Mexico said on Tuesday that it would take a loan from the IMF in the amount of US$40bn as a measure against the current global downturn and to support its currency. Currently, the Mexican central bank has reserves of US$30bn. The president of...]]></description>
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		<pubDate>Thu, 02 Apr 2009 04:29:45 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Mexico's Credit Rating: Still Investment Grade]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F127837-mexico-s-credit-rating-still-investment-grade%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  In a special report, Mauro Leos (Moody&#8217;s Vice President) said that in the absence of elements that can lead to a sudden deterioration in the indicators of debt and hence a lower rating, the credit profile of Mexico is in line with the respective countries whose rating...]]></description>
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		<pubDate>Wed, 25 Mar 2009 09:46:30 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Roubini Calls Brazil an 'Accidental Victim' of Global Recession]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F125891-roubini-calls-brazil-an-accidental-victim-of-global-recession%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  Economist Nouriel Roubini sees Brazil as an "accidental victim" of the global economic crisis, which will worsen further into a "severe global recession". The economist, who has been called "Mr. Doom" for his negative outlook on the global financial picture spoke in Sao Paulo about the coming...]]></description>
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		<pubDate>Fri, 13 Mar 2009 05:24:46 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Banco Macro: Trading at Low P/E Levels Despite   Strong Earnings]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F125277-banco-macro-trading-at-low-p-e-levels-despite-strong-earnings%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  The Argentine bank Banco Macro (NYSE:BMA) reported AR$184.1 mln Net Income in 4Q'08, up 9% from 4Q'07 and 13% from the previous quarter. In spite of a strong solvency ratio, with AR$1.8 bln (US$493 mln) in excess capital, which implies a 22.9% capitalization ratio, the company is...]]></description>
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		<pubDate>Wed, 11 Mar 2009 01:24:53 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Cencosud's Strong Q4 Growth Due to Penetration of New Markets]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F124997-cencosud-s-strong-q4-growth-due-to-penetration-of-new-markets%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  The Chilean retail chain Cencosud (CSUDF.PK), which operates shopping malls across Chile, Argentina, Colombia, Brazil and Peru, reported 61.7% growth in revenues for 4Q'08, arriving at Ch$1.927 bln (US$3.19 bln at Ch$605/USD). In spite of the strong growth, the Operating Income was in fact down by 5%...]]></description>
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		<pubDate>Tue, 10 Mar 2009 12:17:09 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/retail.html"><![CDATA[Retail]]></category>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Chile in 2009: Economists Expect a Recession]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F124869-chile-in-2009-economists-expect-a-recession%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  The country has seen dramatic shifts in the economic climate recently, due to the international slowdown. Although Chile's stock market has held up well, 79% out of 70 economists who participated in a recent survey by Diario Financiero said they expect Chile to be in recession in...]]></description>
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		<pubDate>Mon, 09 Mar 2009 04:12:13 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Lan Airlines's 2008 Income Shows 8.9% Improvement from 2007]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F118713-lan-airlines-s-2008-income-shows-8-9-improvement-from-2007%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  The Chilean Airliner Lan Airlines LFL reported net income of US$117.1 mln for 4Q'08, and US$335.7 mln for the full year 2008, which translates to US$0.99 per share on an annual basis. Income for the full year is an 8.9% improvement from the US$308.3 mln achieved in...]]></description>
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		<pubDate>Thu, 05 Feb 2009 05:02:34 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/transport.html"><![CDATA[Transport]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Banco de Chile: Despite Lower Q4 Income, Profit Grew in 2008]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F118712-banco-de-chile-despite-lower-q4-income-profit-grew-in-2008%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  In spite of lower income in the fourth quarter, Banco de Chile's (NYSE: BCH) Net Income for 2008 increased by 3.3% year-on-year, and arrived at Ch$272 bln, which amounts to US$438.5 mln at the current exchange rate of CLP620/USD, and US$3.33 per ADR.    ...]]></description>
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		<pubDate>Thu, 05 Feb 2009 04:55:12 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Endesa Chile's Earnings Show 52% Improvement from 2007]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F117850-endesa-chile-s-earnings-show-52-improvement-from-2007%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  The Chilean energy company Endesa Chile (NYSE: EOC) reported strong earnings for 2008, with Net Income reaching Ch$443 bln, which equals US$721 mln at CLP614/USD.     Endesa's 2008 result is a 52.8% improvement from the Ch$210 bln (US$342 mln) obtained in 2007. The strong...]]></description>
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		<pubDate>Mon, 02 Feb 2009 12:32:09 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Embotelladora Andina: Profits Grew in 2008]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F117666-embotelladora-andina-profits-grew-in-2008%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  Profits for the Chilean soft-drink manufacturer Embotelladora Andina (NYSE: AKO.A) reached Ch$94.8 bln (US$157 mln) in 2008, 6.7% above the 2007 figures.      The Operating Result reached Ch$138.7 bln (US$227 mln), a 10.3% increase from 2007. by IncaInvest]]></description>
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		<pubDate>Fri, 30 Jan 2009 06:42:08 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/retail.html"><![CDATA[Retail]]></category>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Ecopetrol's Partnership with Glencore in Cartagena Complicated by Global Crisis]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F116079-ecopetrol-s-partnership-with-glencore-in-cartagena-complicated-by-global-crisis%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  Like many other infrastructure projects, the expansion of Cartagena's refinery has not been different and has been subject to strong friction between the state owned Ecopetrol EC and its Swiss partner Glencore, which could delay the expansion of the refinery of Cartagena, which is considered one of...]]></description>
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		<pubDate>Thu, 22 Jan 2009 11:31:46 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/energy.html"><![CDATA[Energy]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Votorantim Celulose Becomes a Main Shareholder in Aracruz Celulose]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F115728-votorantim-celulose-becomes-a-main-shareholder-in-aracruz-celulose%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  The Brazilian company Votorantim Celulose VCP announced Tuesday (1/20/09) that it has acquired 28.03% of the voting capital of Aracruz Celulose ARA at a cost of U.S. $2.71 billion, becoming one of the main shareholders in the company. VCP may buy another equally sized share in the...]]></description>
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		<pubDate>Wed, 21 Jan 2009 10:19:39 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/materials%252findustrials.html"><![CDATA[Materials/Industrials]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[If Oil Stays Down, Petrobras May Lower Gas Prices]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F115804-if-oil-stays-down-petrobras-may-lower-gas-prices%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  The director of Supply and Refining for Petrobras PBR, Paulo Roberto Costa, said in a statement that the company may reduce the price of petrol and diesel if the price of oil remains at the current level for a longer period of time. The company, however, believes...]]></description>
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		<pubDate>Wed, 21 Jan 2009 09:47:49 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/energy.html"><![CDATA[Energy]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Petrobras' Exporting Has Record Breaking December]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F115065-petrobras-exporting-has-record-breaking-december%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  Petrobras PBR reported their December exportation figures, which reached 620 thousand barrels per day, a record for the period. The record surpassed the previous record, reached in October 2008, which was 574 thousand barrels per day. At month's end, exports totaled 19.234 million barrels.  According to...]]></description>
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		<pubDate>Fri, 16 Jan 2009 01:11:57 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/energy.html"><![CDATA[Energy]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Homex: Actively Preparing for Potential Slowdown]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F113710-homex-actively-preparing-for-potential-slowdown%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  The Mexican home development company Desarrolladora Homex (NYSE: HXM) reported 'satisfactory' results for 3Q'08, with a revenue growth of 17% year-on-year, but suffered negative net result due to a foreign exchange loss of US$22.09 mln. Total revenues for the third quarter reached US$348.5 million, a 17% growth...]]></description>
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		<pubDate>Wed, 07 Jan 2009 11:46:34 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Cemex Projects Low Q4 Amid Overall Tightening in Global Markets]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F113547-cemex-projects-low-q4-amid-overall-tightening-in-global-markets%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  CEMEX (NYSE:CX), a Mexico based cement manufacturer, announced in its December guiding that the EBITDA for the fourth quarter ending 31st December could decrease by 27%, compared to the same period last year due to currency fluctuations and sale of assets in Venezuela and Gran Canarias. ...]]></description>
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		<pubDate>Tue, 06 Jan 2009 11:29:58 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/materials%252findustrials.html"><![CDATA[Materials/Industrials]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Ultrapar Rated a Sell]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F111318-ultrapar-rated-a-sell%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  IIR Group issued a SELL recommendation on the Brazilian energy company Ultrapar Participacoes S.A. (NYSE: UGP) on December 17, with a new price target for the company's ADR at US$16.03. Although IIR anticipates a 9% fundamental downside to the share, the outlook for the ADR is worse,...]]></description>
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		<pubDate>Wed, 17 Dec 2008 11:36:46 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/energy.html"><![CDATA[Energy]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Cresud Shares Rise as it Implements Buyback Plan]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F111263-cresud-shares-rise-as-it-implements-buyback-plan%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  Argentine food company Cresud (NASDAQ: CRESY) in August announced a plan to buy back AR$30 million (US$8.7 mln) of its own shares. Cresud has been buying back shares steadily, and on December reported the purchase of US$135 million in shares and ADRs, paying on average US$8.05 per...]]></description>
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		<pubDate>Wed, 17 Dec 2008 10:14:15 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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		<title><![CDATA[Cresud's Share Buyback Plan]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F109583-cresud-s-share-buyback-plan%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[IncaInvest.com submits:  Argentine food and agriculture company, Cresud S.A. (NAS: CRESY) on August 26 announced the potential repurchase of AR$30 million (US$8.7 million), equalling approximately 2.5% of the company's market capitalization. The share buy-back plan was announced as a measure to 'lessen the drop and reduce the fluctuations of...]]></description>
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		<pubDate>Sun, 07 Dec 2008 10:59:32 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/incainvest.html"><![CDATA[IncaInvest]]></category>
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