Argentine Bank Deposits Slide Bank deposits in Argentina peaked in February at $75.17 billion but have fallen almost every month since. Deposit levels are an indicator of the ebb in […]
Category: 2001
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Prices are Clearing the Markets
High foreign indebtedness and a large current account deficit combined with a marked increase in risk aversion in the international financial markets have pummeled the Brazil’s currency. The country faces harsher conditions in which to roll over its debt, with higher risk premiums and shorter maturities. Eventually the exchange rate will depreciate to a level such that the current account will be in equilibrium and the existing supply of external finance will match Brazil’s debt rollover needs.
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Secondary Marketplace
Aracruz cellulose mill in Brazil. VCP Buys Stake in Aracruz Brazilian pulp and paper producer Votorantim Celulose e Papel (VCP), part of the Votorantim conglomerate, may have taken the first […]
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The Glitter is Gone
Under Juan Navarro, the Exxel Group shot to fame as Argentina’s most savvy leveraged buyout firm. But some of its companies are in financial trouble as Navarro’s financial and management expertise is lacking luster.
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The Investors’ Club
Nearly all sources of conventional financing for Argentine companies have dried up. Several local financiers have come up with some new ideas for finding financing fresh management and talent for local companies.
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Venture Capital’s Dark Cloud
The end of the new technology bubble has burned lots of investors in Latin America. It has also made venture capital, virtually unknown to Latin America prior to the Internet boom, a dirty word.
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Wraps, Covers and PR
While the Latin American market for traditional insurance products is growing fast, corporate finance and capital markets coverage is also developing. Demand for it is likely to grow as credit quality declines worldwide.
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Wrestling with Restructuring
The deteriorating credit quality of many Latin American debt issuers is raising their financing costs, threatening to push struggling companies over the edge and ignite an unprecedented succession of defaults on corporate bond issues.
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Consolidating and Integrating
With the Brazilian government’s divestment from a major petrochemical group, the industry is on its way to reaching global standards of efficiency.
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The Thnking Banker’s Thinking Banker
Sir John Bond, chairman of HSBC Holdings, says the international financial community should create an environment in which markets can function more effectively.