This is a limited version of LatinFinance UNLOCK FULL ACCESS
Mexico’s pension fund managers soon will be able to
invest overseas. Debaters at a LatinFinance conference in November
looked to the future of offshore investing.
Brazil’s President Luiz Inácio Lula da Silva has
achieved a lot in his first year in office. His reform agenda next
year promises to be as challenging as it has been in
2003.
Telmex and its bankers decided to take an unorthodox
approach to the US dollar bond market when the company set out to
raise a $1 billion in November.
LatinFinance recently hosted a roundtable in Miami in
which investment and legal professionals debated the challenges
facing Latin American wealth management.
Big international banks like Citigroup don’t want to
be all things to all clients in Latin America anymore. They want to
deepen potentially lucrative relationships with the region’s
biggest companies.
Money is moving into Latin American technology
ventures in Brazil. But entrepreneurs and their backers still face
considerable odds.
Brazil’s Banco Bradesco locked in its lowest rate ever
in a subordinated debt issue. More banks are lining up to follow
Bradesco into a market hungry for Brazilian risk.
China has become one of Brazil’s biggest trading
partners, driven by its voracious demand for commodities. Bankers
are benefiting.
The poor are getting poorer and the rich are getting
richer. President Hugo Chávez is tightening his grip on power as
challenges against his government grow.
One company is high on ambition. The other is deep in
distress. The owners of Mexico’s top railroad now are feuding over
deal gone bad involving a choice asset.
