Ecuador’s finance minister and chief debt negotiator admits that foreign creditors have reason to doubt the country’s integrity. But Jorge Guzmán says radical economic changes can restore faith.
Category: Regions
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Mutual Funds Gain Ground in Mexico
Legal changes and growing prosperity have assured Mexico’s mutual fund industry a significant role. The beneficiaries are savers and financial institutions, including foreign and independent players.
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Peru’s Moment of Truth
Whoever wins the presidential election, international investors want to see Peru’s new leader stabilize the country’s finances. Even the faintest whiff of populism would discourage foreign investment.
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Santander Buys Serfin
Spain’s Banco Santander Central Hispano won the auction for Mexico’s third-largest bank, Grupo Financiero Serfin, with a bid worth 14.7 billion pesos ($1.56 billion). The government took over Serfin last […]
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Spanish Steel Deal
Spain’s Aceralia Corporacion Siderurgica has said it will go ahead and buy Ahmsa, Mexico’s largest steelmaker. Aceralia has until June 15 to make a formal proposal to the bankrupt company’s […]
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The Investment Management Review Part II – Equity Funds
Telecommunications came as close as possible to being a one-way bet last year as Latin equity markets caught the Internet bug. Teléfonos de Mexico (Telmex) continued storming ahead and privatized […]
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Front Notes
Much has been written about the dire outlook for Latin America’s equity markets, as stock exchanges in the US and Europe siphon off liquidity and international companies delist their local […]
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The Rating Game
Moody’s earlier-than-expected boost of Mexico to investment grade has underscored the more subtle factors at play among rating agencies vying for a piece of the action.
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ABN AMRO Opens Mexican Brokerage
With an eye toward the expected flood of new investment-grade issues in Mexico, Netherland’s-based ABN AMRO is launching a brokerage business in Mexico, the only big market in Latin America […]