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?
Category: Regions
Posted inMagazine
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 […]
Posted inMagazine
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.
Posted inMagazine
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.
Posted inMagazine
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 […]
Posted inMagazine
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 […]
Posted inMagazine
FDI Bolsters Bolivian Economy
Foreign direct investment has flowed into Bolivia at a faster rate than in any other Latin American country since the mid-1990s. In 1998, almost $900 million entered the country, equivalent […]
Posted inMagazine
Softbank Makes its Move
Softbank Latin America Ventures, the Latin American investment arm of Softbank, the Japanese Internet company and STI Ventures, a venture capital company, have invested $15.6 million in From2.com, a logistics […]
Posted inMagazine
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 […]
Posted inMagazine
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 […]