Mexico’s lower house of congress voted 360 to 127 to remove Mexico City Mayor Andrés Manuel López Obrador from office to face charges of disobeying a court order, which could derail his 2006 presidential bid. López Obrador called on his supporters to peacefully resist what he called an unjust, politically motivated attempt to derail his presidential campaign. He specifically accused President Vicente Fox of conspiring to block his candidacy. Yields on Mexico’s ten-year dollar bonds have widened out by 100 basis points since hitting a record low on February 10th.
Category: Regions
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Betting on Beauty
Panama wants to double its tourism industry revenues in five years. Better organization will be needed to make that plan attainable.
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Borrowing at Home
Panama turned to the international markets to pre-finance spending for 2005. But when it’s time to raise more money, it will stay closer to home.
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Economic Exiles
A fifth of Mexico’s population now lives abroad. For some smaller Latin American countries, the percentage is even higher. This exodus has grown steadily for years, and the expansion of […]
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Free Zone Shortfalls
Panama’s free trade zone is a success, but it needs to invest more to improve infrastructure and security. Nobody is sure where the money will come from.
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Pemex Places a Perpetual
Pemex made history last September with a bond that was as unusual as it was successful. Mexico’s state-owned oil company, among Latin America’s most frequent and most sophisticated issuers, raised […]
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Local Market Appeal
Although more Panamanian companies are eyeing local capital markets for financing, foreign issuers still dominate the landscape.
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On an Upward Track
Panama City gained prominence as Latin America’s premier offshore banking center, but it’s not the only game in town anymore.
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Rating Game
Although Panama is tantalizingly close to attaining investment-grade status, an upgrade may elude the country for some time yet.
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The Sol Also Rises
In a year that saw several successful Latin American euro-denominated sovereign bonds, Peru’s ?650 million 10-year note stands out as a winner. It helped that investors attending the annual meetings […]