With its lightning-fast bond issue in early August, Mexico seized on a hot investment grade bond market and succesfully tapped into taht strong demand.
Category: Regions
Not Much of a Safe Haven
The Mexican Stock Exchange has performed well this year, beating the US markets. However, its future is in the balance as it struggles to maintain trading volumes and liquidity.
Sovereign Report
Mexico Stands ApartMoody’s Investors Service raised its rating outlook for Mexico to positive from stable last month. It currently rates the sovereign Baa3, the lowest investment grade rating. Standard & […]
Oil Rich, Cash Poor
Mexico’s state-owned oil company generates billions of dollars in revenues, but cannot afford to invest in its own future. The government is trying to convince Congress to allow private-sector investment in the oil, gas and power industries.
The Cost of a Strong Peso
The Mexican peso is one of the few currencies to have risen in value against the dollar this year. That is a major psychological boost for Mexico but it’s wreaking havoc on its competitiveness.
Turning on the Credit Supply
Interest rates and inflation are falling. That should have a positive impact on bank lending and the capital markets.
Living with Headline Risk
Investors are applauding Colombia’s economic team for straightening out the government’s finances. But political uncertainty is rising with the approach of the 2002 elections.
A North American Mentality
Free trade with the US has transformed Mexico from a closed an inward-looking economy into one of the most open in the world. Its leading companies are the most adventurous and successful in Latin America.
Betting on the High Rollers
Belize is looking to diversify away from traditional agricultural exports to manufactures and Internet-based services. Online gaming could be a lucrative niche.
Early-Stage Banking
With a lack of foreign exchange, international regulatory pressure and shortage of bankable risks, Belize’s young banking system still has serious deficits.
