Chante notes

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BRIEF-Thai CP All closes more stores after floods

* Has closed a distribution centre in flood-hit Nonthaburi province; centres in other areas to work to ease impact* Says still assessing the cost of damage from floods

[azaleevscarothe-blog]

UPDATE 1-MBAC to receive $114 mln financing for Brazil project

The financing will be provided on a lending basis by Brazilian private bank Itaú BBA S.A, with BNDES funds.Last year, the company had said it was considering various options to finance its C$170 million phosphate project in Brazil, which will start production by mid-2012."We currently see a very robust market for Single Super Phosphate in our target markets with recent pricing in the US$400 per tonne range," MBAC Chief Executive Antenor Silva said in a statement.The Company, which has already received 11.5 million brazilian real ($6.5 million) from the entities, expects loan disbursements to begin immediately after the execution of transaction documents.BNDES, the Brazilian Development Bank, is the main financing agent for development in Brazil.

[azaleevscarothe-blog]

MOVES-BofAML

BANK OF AMERICA MERRILL LYNCHBofA Merrill Lynch said Michel Sindelar will join the company in January 2012 as head of CEEMEA Emerging Markets Equities. Previously, he was managing director and head of Emerging Markets Equity Product at Morgan Stanley.

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Counterparties

Just a few of our favorite story links today on Counterparties.com People don’t really trust banks right now — Pro Publica UK unemployment is at a 17-year high — BBC Pennsylvania capital city Harrisburg files for Chapter 9 bankruptcy — Bloomberg A Teach For America for startups in struggling cities — NYT You’re the Boss Blog Economic policy as culture war – The Economist 41% of WSJ Europe’s circulation was completely bogus; the publisher has resigned — Guardian Groupon and Zynga’s accounting crises are self-induced — Dealbook Siri on the iPhone 4S is a “life changer” — Wired