Trading levels in the Latin markets have doubled since the beginning of the year. Volume traded increased to $16 billion in April, up from $8 billion in January. However, on a quarter-by-quarter comparison, first quarter trading this year of $25.7 billion fell short of last year’s fourth quarter $30 billion in trades. Brazil and Mexico […]
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Megatel’s mega goals become an issue
After two postponements, the Brazilian government finally succeeded in awarding the third of four “mirror” licenses to compete with Telefonica in providing fixed-line telephone service to the state of São Paulo. Megatel, a consortium made up of Bell Canada, WLL International, Qualcomm and SRI Wireless of Argentina, won the bid on the strength of its […]
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Minority Shareholders Lose Out
In the April cover story (Storming the Castle, Issue 106), which examined the growing importance of minority shareholder rights in Latin America, LatinFinance wrote about how Netherlands-based food distributor Royal Ahold assumed control of Argentine grocer Disco at what some market players thought was an exceptionally cheap price. The lower stock price may have allowed […]
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Rapid Returns
Technology investments help companies cope with growth and change, and prepare for more of both.
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The Search for Cash
As more and more of Latin America’s family-owned companies search for cash, private equity firms are springing up all over the region to offer management resources and capital. But getting money to these companies is not as easy as it seems. “There is a huge demand for money,” said Fabio Nogueira, director at Dextro Business […]
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The ups and downs of Cyber Business
In mid-March, LatinFinance moderated a roundtable discussion on e-commerce as part of the LatinChannels “Roadmap to Latin America” seminar series. Inside, six technology experts from companies such as StarMedia and MORI talk about changes in the Internet marketplace, obstacles to growth and opportunities for regional and local companies.
Posted inWeb Articles
May 1999
The appointment of Armínio Fraga as Brazil’s Central Bank president helps bring the country back to life after the real’s devaluation.
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A Difficult Climb
Peru still faces an uphill struggle, despite its top performing economy, reports David Swafford.
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Bancomer, Serfin Enter Guilty Pleas
At the end of March, Mexican banks Bancomer SA and Banca Serfin SA formally entered guilty pleas in Operation Casablanca, the largest money laundering case in US history. In separate civil actions, each bank agreed to forfeit millions of dollars. Bancomer will turn over $9.4 million while Serfin will surrender $4.2 million, according to a […]
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Banking on Recovery
LatinFinance talks to Ecuador’s Minister of Finance on the resurrection of the country’s financial stability.