Markets almost collapsed during the 2002 election, when Lula first took power. Less volatility is expected in 2010, and José Serra leads the polls.
Category: 2009
Posted inMagazine
Latin America-Middle East: Behind the Mirage
The Middle East has gone bust faster than anyone could have imagined. However, Brazil is still on the radar and LatAm may still be a long-term beneficiary of Gulf wealth.
Posted inMagazine
Brazil Mining: Into the Pits
Large Brazilian metal producers are well capitalized and scouting opportunity. Incremental, opportunistic asset purchases by deep-pocketed firms look likely.
Posted inMagazine
COMMENT: Fools Gold?
LatAm companies and funds hoping to find a pot of gold in the Gulf desert are in for a shock. The Middle East was, until very recently, a viable new source of fresh capital. It has taken an enormous hit and will spend months if not years licking its wounds.
Posted inMagazine
Brazil Private Equity: Relative Value Play
Private equity is the last man standing in the capital supply game. But fund raising prospects have sharply deteriorated and caution reigns.
Posted inMagazine
DEBT: Mexico Rings Alarm
Mexico’s worst sovereign bond issue in years has unsettled the market and suggests more rough times ahead for LatAm issuers.
Posted inMagazine
Mexico Corporates: Diamonds in the Rough
The crisis has claimed some high profile Mexican corporate scalps. But there are still some stalwarts worth looking at, say analysts.
Posted inMagazine
PEOPLE: Merrill LatAm Chairman Exits
Merrill Lynch’s Latin America chairman Carlos Gutierrez has left the firm, retiring after 20 years. The exit of such a widely respected veteran financier is a major LatAm loss for Merrill, which is heard under pressure to shrink its regional platform following the sale to Bank of America.
Posted inMagazine
Mexico Local Markets: Reanimating Capital
Mexico’s markets are stalled, but investors remain confident about long-term prospects. Recovery will be painful, but perhaps include long-awaited structural changes.
Posted inMagazine
How to Play LatAm Equity
Brazil, LatAm’s largest and most liquid equity market has in February become the focus of a healthy debate. Analysts disagree on how to play the Bovespa, following a 32% rally on a real basis from October 27 to February 20.