With the purchase of Grupo Bital, HSBC finally has the anchor it has wanted in Mexico for several years.Meanwhile, the feisty Bital is getting a much-needed boost to its balance sheet.
Category: 2002
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Opportunity Rocks
Deepening insecurity on financial markets is making gold look more attractive. This is good for Latin America’s mining companies and good for gold funds.
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Patching Up the Pension Fund Folly
The privatization of retirement funds in Latin America has come up short. Except for in Chile, the pioneer of privately managed pension funds, governments are still grappling with huge fund deficits and unfunded liabilities.
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So Long to Latin American Samurais
After providing a solid supply of money for Latin American bond issuers, the yen market snapped shut last August. Only the Mexican state electricity company has been able to break in.
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Taking Their Temperature
Despite a hostile environment, Latin America’s largest companies have remarkably strong balance sheets. In cooperation with Fitch Ratings, LatinFinance takes stock of their financial health.
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The Scramble for Cash
This year has been traumatic for Venezuela. Hit by a
depreciating currency, inflation and a deep recession, Venezuela is on a frantic search for money
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The Tough But Hopeful Sheriff
Brazil’s new securities regulator, Luiz Leonardo Cantidiano, intends to stamp out cheating and viligilantly monitor corporate reporting. But he also is playing the role as a promoter of the markets, convinced that they can be revived.