Debate and discuss the challenges and opportunities presented by Mexico’s dynamic financial markets at this invitation-only event. View the full agenda and apply for an invitation at www.latinfinance.com/mexicana
Category: Regions
Posted inDaily Brief
Dr. Guillermo Babatz, CEO of Sociedad Hipotecaria Federal (SHF), joins workshop for LatinFinance’s Inaugural “Cumbre Financiera Mexicana”
Dr. Guillermo Babatz will join the “Mortgage Insurance: The Next Step” workshop at LatinFinance’s Inaugural “Cumbre Financiera Mexicana”, which will take place on July 13-14 in Mexico City. Delegates will debate and discuss the challenges and opportunities presented by Mexico’s dynamic financial markets at this invitation-only event. View the full agenda and apply for an invitation at www.latinfinance.com/mexicana.
Posted inDaily Brief
Colombia Swaps Bonds
Colombia swapped $583 million of dollar and euro-denominated bonds for new peso debt in a bid to reduce financing costs and stretch out the average life of its obligations. Investors holding bonds worth $1.0 billion offered to take part in the exchange. Colombia’s foreign-currency debt is rated Ba2 by Moody’s and BB by Standard & Poor’s, the second highest level in South America after Chile.
Posted inDaily Brief
Alejandro Schwedhelm, Managing Director, Darby Financial Services, joins panel for LatinFinance’s Inaugural “Cumbre Financiera Mexicana”
Alejandro Schwedhelm will join the “Mexican Banking Sector: The Reemergence of Domestic Players” panel at LatinFinance’s Inaugural “Cumbre Financiera Mexicana”, which will take place on July 13-14 in Mexico City. Delegates will debate and discuss the challenges and opportunities presented by the ever-changing face of Mexico’s dynamic financial markets at this invitation-only event. View the full agenda and apply for an invitation at www.latinfinance.com/mexicana
Posted inDaily Brief
Mexico: Inflation Falls
Mexico’s core inflation rate fell to 3.41 percent in May, the lowest rate since the central bank began calculating the index in 1983. The central bank has raised the benchmark loan rate in 12 of the past 15 months to 9.75 percent. Mexico’s $677 billion economy grew 2.4 percent in the first quarter, down sharply from the previous quarter, dragged by the interest-rate increases and lowered US demand for Mexican exports.
Posted inDaily Brief
Bolivian Military Backs Congress
Bolivia’s armed forces warned against coup attempts and said the military will accept Congress’s choice of a successor to President Carlos Mesa, who resigned this week amid street protests that shut down the capital. Politicians postponed an emergency session of Congress which was to name a replacement for Mesa.
Posted inDaily Brief
Mesa Warns of Civil War
Bolivian President Carlos Mesa, who offered to resign this week, warned that the country could face civil war if new elections weren’t held immediately. By law, Senate leader Hormando Vaca Diez, is next in line for the presidency. But Mesa asked Vaca Diez to refuse the position. Congress is scheduled to meet this morning and is expected to accept President Mesa’s resignation. Protesters broke into oilfield installations in eastern Bolivia yesterday.
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Edgardo Sternberg, Latin American Debt Strategist at Loomis Sayles, joins panel for the Inaugural Cumbre Financiera Mexicana
Edgardo Sternberg will join us on the “Mexico: Emerging or Converging Market” panel at LatinFinance’s Inaugural “Cumbre Financiera Mexicana”, which will take place on July 13-14 in Mexico City. Public and private sector leaders will discuss and debate the transition of Mexico — one of only three Latin American investment grade countries — from an emerging to a “converging” market. The “Cumbre Financiera Mexicana” is a high-level and spirited debate and discussion on the ever-changing face of Mexico’s dynamic financial markets. The invitation-only event will provide a unique forum for investors, financiers, government and corporate leaders to network, analyze shared challenges, and identify new opportunities. To apply for an invitation click here.
Posted inDaily Brief
Bolivia: Protests Escalate
Tens of thousands of peasants and miners marched through La Paz Tuesday, a day after Bolivian President Carlos Mesa tendered his resignation for the second time in four months. Some of the protestors set off dynamite and police responded by firing tear gas and rubber bullets. For weeks demonstrators demanding a nationalization of the natural gas industry have blocked the country’s main highways and restricted access to cities, causing food and fuel shortages. Mesa promised to remain in Bolivia until Congress accepts his resignation.
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Allan Marks, Partner – Global Project Finance Group at Milbank Tweed, will be a panelist on the “Infrastructure Finance: Building The Future” workshop at LatinFinance’s Inaugural “Cumbre Financiera Mexicana” on July 13-14 in Mexico City
Public and private sector leaders will discuss and debate Mexico’s need for infrastructure development, as well as the capital market’s role in financing such projects. The “Cumbre Financiera Mexicana” is a high-level and spirited debate and discussion on the ever-changing face of Mexico’s dynamic financial markets. The invitation-only event will provide a unique forum for investors, financiers, government and corporate leaders to network, analyze shared challenges, and identify new opportunities. To apply for an invitation click here.