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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
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.
Italian retail investor’s love affair with Argentine bonds ended abruptly when the sovereign left its creditors in the lurch. Angry Italians want someone to compensate them for their losses.
After jumping through legal hoops, the Argentine oil company Tecpetrol successfully restructured $230 million in bank loans. Securitized revenues made the new debt palatable to creditors and the government.
Colombia’s Grupo Empresarial Antioqueño is a dominant player in the financial services, food and cement industries. But its complex structure is limiting access to capital, a problem GEA’s bosses are trying to overcome.
Unlike their European and American counterparts, Asian
investors entered Latin America slowly and carefully, a strategy that is giving them staying power in these tough
times.
So far, Uruguay has fended off a collapse of its banking system, which has been rocked by fallout from Argentina’s
financial crisis. Despite a $3.8 billion multilateral aid package,the outlook remains grim.
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.
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