The mining industry was Peru’s most dynamic sector through years of recession and weak growth. But metals prices are struggling to recover, so companies are cutting costs, raising production and increasing reserves.
Category: 2001
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A Long-Term Lull
Latin America needs to invest in infrastructure and the region’s financial system lacks the breadth and depth to finance companies. Pension funds have plenty of capital, but often lack investment opportunities.
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The Big Push in Private Banking Law
Financial services modernization legislation known as the Gramm-Leach-Bliley Act of 1999, or the GLB Act, makes a number of significant changes in the federal law governing the activities of financial […]
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Alive and Innovating
Latin lending has held up well, in spite of turbulence in Argentina and uncertainty over the direction of the US economy. The market is becoming more sophisticated, creating room for innovative deals.
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The Brave New World of Corporate Governance
Ricardo Salinas Pliego, the Mexican business leader, has become a target for shareholder rights activists. Here, he gives his side of the story and sets out the far-reaching changes in corporate governance at his group of companies, which includes TV Azteca and the Elektra retail chain.
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Bailing Out the Banks
The government is cleaning up the banking system, but Jamaicans are still paying a heavy price for botched financial liberalization in the 1990s.
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The Island of Renewal
Jamaica is shaking off years of recession and the effects of a severe banking crisis. But the country still must deal with a debt mountain and a difficult business climate.
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Business & Banking
BSCH Takes Full Control of Banespa Latin America’s largest foreign bank, Spain’s Banco Santander Central Hispano (BSCH), has spent a further $1.1 billion to purchase outstanding shares in Banco do […]
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The Steep, Uphill Battle
Jamaica’s government faces a prolonged struggle to manage its debt mountain despite privatizations and the sale of financial institutions. Now the government is turning increasingly to the international capital markets.
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Finding a Safe Haven in Chile
Transelec’s double-barreled bond was designed to match its revenue streams. The issue went like a dream, in spite of emerging market volatility and turbulence in the power industry.