The Latin American region supports one of the broadest ranges of deal structures within trade finance, a reflection of the contrasting nature of the individual markets and the diversity of the corporate base. Below are descriptions of some of the more interesting Latin trade finance deals over the last year.
Category: 2001
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Business & Banking
ING Moves into Mexico’s Insurance MarketING Group, the Netherlands-based financial services company, agreed to buy a 45.2% stake in Seguros Comercial América from Savia, the troubled Mexican conglomerate. The $791 […]
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Creating a Consistent Image
Peru has endured erratic economic policies and political corruption at the highest levels. President Alejandro Toledo now must convince investors that the country will pursue a disciplined recovery.
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Financial Friction in Venezuela
President Hugo Chávez acused the country’s banks of earning outrageous profits and threatened to fix interest rates. But market forces appear to have solved the problem, at least for now.
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Latin America’s Free Market Fixation
Harvard’s Jeffrey Sachs argues that Argentina’s brush with economic collapse should force everyone involved with Latin America to reconsider the merits of free market orthodoxy.
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MarketWatch
Down Again Brazilian President Fernando Henrique Cardoso’s popularity has taken a hammering with the country’s power shortage. The government has ordered Brazilians to cut consumption by 20%. Power rationing is […]
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Milpo’s Mettle Rattles Peru
A small mining company’s hostile takeover of a neighbor mine is a test for the Peruvian capital markets.
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Pemex Repositions its Risk
A recent bond issue by the Mexican national oil company proves that it is parting ways with other emerging debt markets issuers, a trend that investors support.
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Sandy Weill’s Big Bet
Convinced that Mexico offers outsized profits, Citigroup is plowing $12.5 billion into the country, creating its largest bank. Citi’s acquisition of Banamex changes the rules of the game in Mexico’s banking industry.