By Sagarika Jaisinghani

Sept 29 (Reuters)The Brazilian real and the Mexican peso outperformed Latin American currencies on Tuesday following a slump in the past two sessions, while regional equities tracked a slide on Wall Street ahead of the U.S. presidential debate later in the day.

The real BRBY was up 0.2% by 1524 GMT, with the dollar slipping from recent two-month highs as investors held off on making big bets ahead of the first debate between U.S. President Donald Trump and Democratic challenger Joe Biden. FRX/

Brazil’s real has fallen to record lows this year due to the economic fallout from the COVID-19 pandemic, although a string of recent data has raised hopes that Latin America’s largest economy could return to growth next year.

Investor sentiment has also been subdued by concerns around the government’s plans to fund a new minimum income program called Renda Cidada, which

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Investors have long been concerned about Enel Americas (NYSE:ENIA) being a controlled subsidiary of Enel SpA (OTCPK:ENLAY). Indeed, it opens up corporate governance problems, to which Italian companies have not been strangers. You need only to mention the name Parmalat in the Milan financial world to start lively conversations about the Tanzi family and their extravagant antics, least of which were purchases of Monet, Degas and Picasso paintings with company money, along with many other ‘strategic asset diversification initiatives’ like Parma Calcio.

Parmalat was an amusing scandal to make global corporate headlines, but it does underscore what was for a long time a systemic lack of mandated oversight over related-party transactions (RPT). However, things have changed since 2010 efforts by CONSOB to control how RPTs were implemented. Now blue-chip companies like Enel with high degrees of control have especially extensive corporate government procedures to stop extractive self-dealing.


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By Carolina Mandl

SAO PAULO, Aug 31 (Reuters)Brazilian private equity firm Patria Investimentos has raised a 10 billion-real ($1.83 billion) fund to invest in infrastructure in Brazil and elsewhere in Latin America, it said on Monday, adding that logistics, energy and telecoms would be key targets.

The infrastructure fund, Patria’s fourth, was almost double the size of its previous such fund five years ago and underscored the opportunities investors see, especially in Latin America’s largest economy.

Patria is 40% owned by U.S. private equity firm Blackstone Group Inc BX.N.

The Brazilian government estimates the country needs 600 billion reais in new investments to expand and universalize water and sewage services that remain limited in many areas.

“Despite the coronavirus pandemic, we saw that many investors understood how many opportunities there are in infrastructure in the region,” Patria’s founder and partner Otavio Castello Branco said in an

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Coinciding with the opening of bookings for the new Sonet, Kia Motors India has also confirmed that the Indian operations will be used as an export hub for the sub-compact sports utility vehicle. The Made-in-India Sonet is likely to be exported to 60 markets overall, all within the Africa, Middle East and Latin America regions, said Lorenz Glaab, Vice-President and Head of Global Product Management, Kia Motors.

The Sonet had its global premiere in New Delhi earlier this month and pre-bookings for the “urban compact SUV” has just been opened by Kia on Thursday. The sub-4-metre SUV is based on the same platform as the Hyundai Venue and will feature the same three powertrains offered by it. “We don’t see a clash with the sister brand’s common platform vehicle because the Kia Sonet will target a different cluster of customers”, said Glaab. Kia usually looks at focussed vehicles that appeal

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