Venezuelans and Colombians are tucking their money away in Miami at a rate of over $500 million a month as the outlook at home goes from bad to worse.
Category: Regions
Posted inMagazine
The Price of Latin Trades
Buying stocks in smaller Latin markets is getting expensive. Low liquidity and market volatility make transaction costs in the Andean countries among the highest in the world.
Posted inMagazine
Business & Banking
Cemex Scoops Up US Cement Maker Mexico’s Cemex, the world’s third-largest cement producer, has acquired the second-largest cement company in the US, Houston-based Southdown, for $2.8 billion. The sale price […]
Posted inMagazine
Leaving the Limelight
José Angel Gurría, Mexico’s veteran finance secretary and an architect of the country’s economic reforms, says adiós after more than two decades of public service.
Posted inMagazine
Standing On Their Own
Three years after the government pension plan overhaul, new financial regulations are helping Mexicans discover non-traditional ways to plan for their economic futures.
Posted inMagazine
Under New Management
Panama struggles to remain Central America’s financial and transportation center despite growing international doubt about its commitment to playing by the rules.
Posted inMagazine
Business & Banking
ING Sells Mexican InsurerGrupo Financiero BBVA-Bancomer, Mexico’s largest financial group, bought out ING Groep’s stakes in three financial services companies for $693 million. ING, the largest financial services company in […]
Posted inMagazine
Latin America’s Best Bank
It has paid back the government and assembled capital reserves way ahead of schedule. Now Mexico’s Banamex is at the top of its game as the country moves beyond the peso crisis.
Posted inMagazine
Sovereign Report
Mexico Weighs In Mexico returned to the Japanese market in September with a ¥50 billion four-year Samurai deal, five months after issuing a five-year, ¥50 billion Samurai in April. This […]
Posted inMagazine
Banco del Istmo Gains Momentum
Panama’s largest local bank, Banco del Istmo, is primed to become Central America’s leading financial institution. This is no small order in a region with more than 150 local banks […]