Spain’s Aceralia Corporacion Siderurgica has said it will go ahead and buy Ahmsa, Mexico’s largest steelmaker. Aceralia has until June 15 to make a formal proposal to the bankrupt company’s […]
Category: Mexico
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France Telecom Swaps Shares
France Télécom has swapped its voting shares in Telmex, Mexico’s largest telephone company, for non-voting shares. The deal is part of a plan to make it easier to begin selling […]
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Glorified, but not Glorious
Rogelio Ramírez de la O, a Mexican economist, believes the international press and finanical community have exaggerated the accomplishments of President Ernesto Zedillo. De la O argues that in spite of his economic achievements, Zedillo has failed to create a new economic framework for Mexico and has left masses of workers outside the rising tide of global capital flows.
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Mexican Money Supply
Mexico’s central bank has won an outstanding reputation for executing sound monetary policy. Rarely has the central bank’s monetary expansion deviated from the path it has laid out each year. […]
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Mexico Approves Bancruptcy Code
Mexico’s Congress has approved two important new financial industry reforms, which the government hopes will make it easier for banks to recover loans and so resume lending. The previous legislation, […]
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Mexico Garners Japanese Buyers
In early May, Mexico successfully issued a 50 billion yen bond, pointing up the degree to which Japanese investors are becoming more comfortable – and interested in – emerging market […]
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ABN AMRO Opens Mexican Brokerage
With an eye toward the expected flood of new investment-grade issues in Mexico, Netherland’s-based ABN AMRO is launching a brokerage business in Mexico, the only big market in Latin America […]
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Brewer Appoints Marketing Director
Mexico-based brewer Femsa Cerveza has named former Coca-Cola executive Randel Thomas Ransom its new marketing director, replacing Jorge Montemayor who has become a dean at the Instituto Tecnologico y de […]
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CIE Names CEO
Corporacion Interamericana de Entretenimiento has named Rodrigo Gonzalez Calvillo, its general director in Mexico, as chief operating officer. Gonzalez Calvillo has served on the company’s board of directors since 1995 […]
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Mexico and Venezuela Post Best Performance to Date
Steadily rising oil prices have pushed up Mexican and Venezuelan bond prices since January. However, they are not doing much better than the benchmark EMBI+ index, which has gained 9% […]