Mexico Sells $1.75 Billion Global Issue Mexico issued a $1.75 billion, 20-year bond in September that sold like hot cakes even as Brazil edged closer to default. The bond was […]
Category: Regions
Posted inMagazine
Divide and Capitalize
Colombia’s Grupo Empresarial Antioqueño is a dominant player in the financial services, food and cement industries. But its complex structure is limiting access to capital, a problem GEA’s bosses are trying to overcome.
Posted inMagazine
Politics Torpedoes Growth
A casualty of the politics surrounding Alejandro Toledo’s first year as president, Pedro Pablo Kuczynski succeeded
in growing Peru’s economy, sealing a deal with the IMF and issuing a historic international bond. But the public failed to embrace his free market ideas.
Posted inMagazine
Presidential Promises Falter
President Vicente Fox has been unable to overcome the
political obstacles to many of his vaunted reform plans. Still,Mexico has largely avoided South America’s malaise and remains a regional economic powerhouse.
Posted inMagazine
The Foreigners Take Over
Nearly all Mexico’s banks are foreign-owned now, and the financial system is fully recovered from the financial crash of 1995. But lending remains feebele in a country desperately in need of credit.
Posted inMagazine
No Small Tasks Lie Ahead
Roberto Junguito, Colombia’s new finance minister, has his work cut out for him. He must deal with the country’s budget
deficit, wage fiscal war on the guerillas and grow the
economy.
Posted inMagazine
Resource Rich, Politically Feeble
Trinidad and Tobago has more money than it knows what to do with. A debilitating political deadlock is making dealing
with this abundant liquidity an even greater problem.
Posted inMagazine
Business & Banking
MetLife Buys Mexico’s Hidalgo MetLife, the largest insurer in the United States, has agreed to buy Mexico’s state-owned Aseguradora Hidalgo for $965 million in cash, outbidding rival insurers aiming to […]
Posted inWeb Articles
Keeping Damage to a Minimum
Venezuela’s financial services industry is remarkably solid and profitable. But bankers are worried about the effect of unemployment, inflation and recession on their institutions.
Posted inMagazine
Hauling in High-Yield Investors
A Sub-investment grade Mexican railroad company took advantage of an openeing in the US junk bond market to issue $180 million worth of 10-year paper.