Mexico’s cement giant crosses the border to grab a prize US acquisition, boosting its cash flow and diversifying into a developed market. But the debt-financed purchase prompted S&P to put Cemex on credit watch.
Category: 2000
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Populist President Causes Concern
Hipólito Mejía brings an abrasive, autocratic style back to the Dominican Republic’s presidency, reminiscent of patriarchal ruler Joaquín Balaguer, the seven-term former president. Like Balaguer, Mejía sees a more active role for the state in economic affairs, and business leaders are concerned.
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Sputtering Markets Need STP
Straight-through processing, or STP, is fueling growth in global trading and is no longer optional if emerging
markets want to play in the big leagues.
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Standing On Their Own
Three years after the government pension plan overhaul, new financial regulations are helping Mexicans discover non-traditional ways to plan for their economic futures.
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A Public Privatization Out of Mexico
Mexico’s first privatization in years is an IPO for a company that manages Cancún’s transportation gateway, in a deal that gives minority investors a new corporate role.
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Start of a New Era
In LatinFinance’s first-ever awards for investment banks, four houses have demonstrated outstanding expertise. Merrill Lynch is recognized as the best equity house. Salomon Smith Barney and Goldman Sachs tie for best debt house. And Morgan Stanley wins in the M&A category. They and the investment banking industry as a whole are
looking forward to rising fees in Latin America after several thin years.
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ADRs Liquefy Latin Markets
Latin equity issues in the US during the 1990s raised $37 billion and gave investors access to a larger, more liquid market. This year?s issuance may be the strongest yet.
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Steering Argentine Money Home
With a tradition of stashing money outside the country and a feeble economy at home, Argentines are wary of investing locally. The government and mututal fund companies have a tough sell ahead.
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Big Growth, Vicious Competition
Brazil’s overcrowded investment fund industry is growing fast. but fixed income funds still dominate and investors need to overcome their fears and take the plunge into equities.
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Technology
Telefónica Buys Assets From MotorolaTelefónica Móviles, the cellular phone unit of the Spain’s largest telecommunications company, Telefónica, agreed to buy stakes in several Mexican mobile phone companies owned by Motorola. […]