Banorte profit has dropped amid rising loan provisions and lower interest rates, as Mexico struggles through its deepest downturn in decades. It hopes to outfox the foreign competition.
Category: 2009
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Digicel Interview: Opportunity Calling
In less than a decade, cell phone operator Digicel has become the Caribbean market leader. Expansion into Central America means taking on América Móvil and Telefónica.
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Peru Investment Hits Resistance
Billions of dollars in direct investment is poised to flow into Peru, one of the fastest growing regional economies. Social unrest and an LNG controversy highlight the risk.
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EDITORIAL COMMENT: Buy Now Pain Later
Markets have tip-toed back from the brink of Armageddon, valuations are revving up and junk-rated borrowers have swooped in to feed investors eager for a hit. Brazil has emerged with […]
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BCP CEO Interview
Banco de Crédito, Peru’s biggest bank, is forecasting strong growth next year, in line with the country’s GDP expansion path. It plans to raise funds in Chile.
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PEOPLE MOVES: UBS, Merrill Doors Revolve
Departures from UBS and Bank of America Merrill-Lynch continued into August, as the post-crisis rebalancing at investment banks extended. UBS’s New York-based ECM banker Enrique Corredor has jumped ship, and […]
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Colombia Stuck in Bad Neighborhood
All eyes are on Colombia as the next big LatAm investment destination. There is ample opportunity in energy and retail, but political risk is rearing its ugly head.
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Latin American Debt Springs to Life
Borrowers jumped on unseasonably robust appetite from international investors to unleash a glut of supply unmatched in recent memory, and much more is in the pipeline. The buyside hurled $37.0 […]
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Caribbean Faces Tough Macro Outlook
Global crisis has spanked the Caribbean and the bad news just keeps coming. Amid contracting liquidity, the region is pained by bruised tourism revenues and battered remittances.
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Brazil Equity: High Hopes
All signs point to an active end of year for LatAm equity. Barring a significant meltdown of global markets, or a loss of investor appetite for risk, billions of dollars […]