Steadily rising oil prices have pushed up Mexican and Venezuelan bond prices since January. However, they are not doing much better than the benchmark EMBI+ index, which has gained 9% […]
Category: Regions
Posted inMagazine
ScotiaBank Buys Controlling Stake in Inverlat
Canada’s Bank of Nova Scotia is spending $40 million to become the majority shareholder in Grupo Financiero Inverlat SA, the struggling Mexican bank that was rescued by the government. ScotiaBank […]
Posted inMagazine
Serfin Sale Could be Harbinger
Three foreign banks have registered to bid for Mexico’s third biggest bank, Grupo Financiero Serfin, at an auction scheduled for May. Spain’s Banco Santander Central Hispano, London-based HSBC, and Citigroup […]
Posted inMagazine
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 […]
Posted inMagazine
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.
Posted inMagazine
Camisea Gets Halfway There
Peru has sold the exploration rights to its gargantuan natural gas deposit but must still find an operator willing to move the fuel.
Posted inMagazine
Excuses and Broken Promises
Latin America has received substantial capital inflows over the last 20 years, but has failed to achieve sustained growth and development. Pedro-Pablo Kuczynski, the former Peruvian minister for energy and mines, now managing partner at Latin American Enterprise Fund Managers, a private equity firm based in Miami, argues that more investment, plus a deeper commitment on the part of governments are needed to make the region prosper.
Posted inMagazine
Mexico’s Moment
With a buccaneering entrepreneurial spirit, Mexican companies are dominating the Latin American business scene but they could be hit big by higher US interest rates.
Posted inMagazine
Post Script
BBVA Courts Bancomer Spain’s Banco Bilbao Vizcaya Argentaria SA and Mexico’s Grupo Financiero Bancomer SA, have said they are in preliminary talks to form an alliance, which if successful, is […]
Posted inMagazine
On a Capital Quest
The Mexican government and its banks want to build a stronger financial system. But signs are they better act quickly.