are confirmed as panelists at LatinFinance’s Inaugural Cumbre Financiera Mexicana, July 13-14, in Mexico City. 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
US Floats UN Plan
The US supports giving Japan and at least one other country permanent United Nations Security Council seats in a smaller expansion of the body than called for by governments including Brazil and India. The US did not say what country it supported for the second spot. Last month, Brazil, Germany, India and Japan, all of which are seeking permanent seats on the Security Council called for six new permanent members; two from Africa, two from Asia, one from Latin America and one from Western Europe.
Posted inDaily Brief
Peru Pays Debt Off Early
Peru’s proposal to pay back early as much as $2 billion of debt owed to the Paris Club was accepted by a majority of the group’s creditor nations. Peru will cut its borrowing costs by paying down the debt early since the government’s bond yields today are lower than the interest rate it is paying on the Paris Club debt, Economy Minister Pedro-Pablo Kuczynski said last week. Peru will sell bonds in international and domestic markets to finance the payment.
Posted inDaily Brief
Álvaro Rodriguez, CFO of Vitro, and Jorge Alegria, CEO of MexDer, the Mexican Derivatives Market,
are confirmed as panelists at LatinFinance’s Inaugural Cumbre Financiera Mexicana, July 13-14, in Mexico City. 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
Genocide Charges Allowed
Mexico’s Supreme Court ruled 3 to 2 that prosecutors can bring genocide charges against former President Luis Echeverria related to a 1971 massacre of student activists. The court said the statute of limitations on the alleged crime haven’t expired, overturning a federal judge’s ruling year that blocked prosecutors from charging Echeverria and his interior minister, Mario Moya. The court said the 30-year time limit on genocide charges began counting as of December 1, 1976 when Echeverria and Moya left office.
Posted inDaily Brief
Peru: Growth Quickens
Peru’s economy grew 6.4 percent year-on-year in April. Higher output of natural gas, chemicals, paper and cotton outpaced declines in copper and gold. Manufacturing rose 7 percent led by a 57 percent surge in chemicals. The Central Bank revised its growth forecast for 2005 to 5 percent from 4.5 percent. The economy grew 5.2 percent in the 12 months through April, compared with 4.9 percent through March.
Posted inDaily Brief
Rodriguez Appoints Cabinet
Eduardo Rodriguez, Bolivia’s new president, named 12 new ministers to his 16-member cabinet. Among them are Luis Gemio, a former United Nations consultant, is economy minister. Jaime Dunn, former CEO of state oil company YPBF, took over as hydrocarbons minister. Rodriguez has promised to hold new elections within six months.
Posted inDaily Brief
José Antonio González Anaya, Director of Insurance and Securities at the Mexican Ministry of Finance and Public Credit, joins “Mortgage Insurance” workshop at LatinFinance’s Cumbre Financiera Mexicana, July 13-14, Mexico City.
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
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.