Investors view Venezuela’s President Hugo Chavez with less skepticism now that he has toned down his populist rhetoric. But a viable economic plan is needed before he can start wooing wall street.
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A Private Affair
Private Equity Roundtable How is the current crisis affecting private equity? Is it increasing or decreasing the availability of investment opportunities? Thomas W. KeeseeIn Brazil, there is a good chance that this will actually create opportunity for private equity firms. Essentially, you’re going to be facing an environment in 1999 where there is […]
A United Front?
Leonel Lopez Over the years, inter-country rivalry has often dampened Central America’s effort to integrate its economies into a united front that would boost cross-border investments and help them better compete in an increasingly brutal global economy. But today that movement is gaining added momentum as local governments push to unite the isthmus […]
An Upstart’s Head Start
Not all companies are struggling to find financing these days. If you have a brilliant idea for technological advancement in Latin America-and you are the first to act on it-chances are you can lure investors. Depending on what it is, you might even interest the likes of Chase Capital Partners, Flatiron Partners, Intel Corp, Warburg […]
Bloomberg News reports on major market events
ARGENTINAOctober 1. Argentine oil and gas producers Perez Companc and YPF replace steel shares as the most heavily weighted stocks in the benchmark Merval index in a quarterly update. The number of companies listed declines from 37 to 24 after 13 companies are removed from the index. October 5. Argentina secures $5.7 billion from international […]
Brazil’s Saving Grace
Roberto de Limapresident ofSiemens Ltda Roberto de Lima is a true believer. And why shouldn’t he be? His conviction of virtually guaranteed cash flow over the next two to three years for his company, Siemens Ltda., comes despite analysts’ assurances that Brazil is headed for economic recession. But de Lima’s faith is rooted […]
Corporate Crisis?
Christmas dinner is going to bring joy to Brazil’s Perdigao this year. Despite the recession that is expected to hit the country in full force in the coming months, the poultry and meat company anticipates a 5% increase in sales in one of their principal products: Chester, the Christmas turkey. “What are people going to […]
Economática Regional Equity Indices
Note: All indices are in local currency terms, as are volume figures. Economática is a historical database which covers nearly 1,100 securities in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela. The companies included […]
EQUITIES
The LF 100 gained 13.05% in October, although its year-to-date return remains negative at -7.79%. That contrasts to the US market as measured by the S&P index, which surged 11.38% in October and had a year-to-date return of 12.68%. The top gainer in October was Argentina, which jumped 20.29%, followed by Mexico, where the market […]
Hurdling Mexican Bank Barriers
The proposed easing of restrictions on foreign ownership in Mexico’s banking sector reported by LatinFinance in May (Right Place, Right Time, Issue 97) appeared to be tailor-made for Banca Serfin and its new investors, HSBC and JP Morgan. But that was before the notion of bundling and securitizing bad loans held by the government’s bank […]
