After a costly government rehabilitation program, Mexican banks are re-capitalized, restructured and back in private hands. As consolidation and foreign bank participation peaks, things are looking up for Mexico’s accident-prone banks.
Category: Regions
Posted inMagazine
Tugging Toledo to the Right
Alejandro Toledo, one of the front-runners in Peru’s April presidential race, chose Pedro Pablo Kuczynski, the veteran international financier, as his chief economic advisor in a bid to gain investor confidence.
Posted inMagazine
Down But Not Out
Though the Andean countries have been hit by a barrage of political and economic instability, some investors managed to turn adverse market dynamics to their advantage.
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Business & Banking
Telmex Spins Off International AssetsMexico’s largest telecommunications company, Telmex, spun off its wireless and international holdings into a new company América Móvil in an offering on the New York Stock […]
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Cemex’s Stratospheric Rise
In the last decade, the Mexico-based cement company has transformed itself into a world-class company. The problem is, Cemex may eventually outgrow its home market.
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Codified Rules, Not Case Law
While based on similar constitutional principles, Mexico’s confined legal framework differs from the US common law system. Foreign investors should understand the basics of the country’s legal system and its enforcement.
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Fox’s Biggest Sell
Part cheerleader, part idealist and all business, Vicente Fox Quesada is convincing Mexico – and the world – that with rationally designed policies, performance targets and a dose of zeal, he can put the country firmly on the road to modernization and growth.
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Jobs, Growth and Modernization
Vicente Fox met with John Barham, editor of LatinFinance, at Fox’s new offices in the Los Pinos presidential compound in Mexico City. Fox, in his trademark cowboy boots, was relaxed and in high humor as he fielded questions that included reforming Pemex, the national oil company, ending the Zapatista uprising, increasing foreign direct investment and eliminating poverty.
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A Renewed Yen For Latin Bonds
After going up in smoke during Asia’s financial crisis, the Samurai market has sprung to life, offering a valuable fund-raising alternative to Latin sovereign borrowers.
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Building on a Boom
Panama’s construction industry is humming along as the conversion of Canal Zone properties and new highway concessions keep the permits rolling. But financial and environmental issues are complicating business for some operators.