Alstom, the French-British power contractor, and Sithe Energies won a $300 million contract to build a power plant in Mexico for Industrias Peñoles, the world’s biggest silver producer. Alstom and […]
Category: Regions
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Colombia Fights to get its Message Across
Colombia has not looked this bad for many years. Civil conflict, a deteriorating economy and political disarray are keeping investors away. Bogotá has a tough sales job.
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Going Local for Longer-Term Loans
With inflation in check and a modest debt repayment schedule, Mexico wants to develop its internal debt market with fixed-rate bonds. Is the market ready to assume the risk?
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Shifting Shares in the Colombian Banking System
Foreign banks have bought a substantial chunk of Colombia’s banking system as they have in most other Latin American markets. Foreign-owned banks now account for 42% of the country’s financial […]
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Imsa Buys Steel Venture
Mexico’s steelmaker Imsa is buying the steel division of Australia’s Broken Hill Propietary for about $230 million. Imsa already makes auto batteries and construction equipment in the US. Imsa recently […]
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Laws to Enforce a Payment Culture
Mexico has Latin America’s strongest economy but one of the region’s weakest banking systems. New legislation is meant to encourage lending, but politics and capricious courts remain an obstacle.
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New Leadership at Grupo Tribasa
Grupo Tribasa, the financially troubled Mexican construction company, has made Salvador Linares, a board member, its new chief executive. He replaces David Peñaloza, the company’s chairman. Tribasa also named José […]
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Mexico Approves Bancruptcy Code
Mexico’s Congress has approved two important new financial industry reforms, which the government hopes will make it easier for banks to recover loans and so resume lending. The previous legislation, […]
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Ecuador Wins IMF Support
The International Monetary Fund approved a $304 million loan for Ecuador, clearing the way for $2 billion in further loans and aid. The decision to resume lending is a setback […]
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Mexico Garners Japanese Buyers
In early May, Mexico successfully issued a 50 billion yen bond, pointing up the degree to which Japanese investors are becoming more comfortable – and interested in – emerging market […]