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With a new multimillion port facility planned for 2002, the Dominican Republic should capture a fair share
of the region’s booming shipping business, and ease the current port congestion that restricts export growth.
The outlook for Latin American sovereign debt has deteriorated precipitously, following two credit downgrades in November from Standard & Poor’s. Emerging market debt issuance slowed to $1.8 billion in October, […]
Multinational financial and technology companies are competing head-to-head with large local firms for a share of the B2B pie.
After launching a spectacular IPO in 1999, StarMedia founder and CEO Fernando Espuelas now has to prove that he can build a business and not just burn cash.
While the US market has largely spurned Latin American borrowers, euro-denominated paper has filled in the gap for governments and companies consolidating their European investor base. The weakened currency has also cut their debt service costs. In a series of stories, LatinFinance explores the depth and breadth of the euro market.
New types of instruments, falling interest rates and less currency volatility in Latin America should encourage global-minded investors and debt issuers to tap the local markets.
In all respects, the Dominican Republic is an emerging nation. It is a country in a hurry to make up for lost time. While it remains generally poor, the stage is set for increased development as it joins the world in coming to terms with the new global economy.
State oil company PDVSA’s oil revenues have produced a bonanza for the Venezuelan government, but there is something about the central bank’s numbers that just doesn’t add up.
Mark Mobius, president of Templeton Emerging Markets and a crusader for minority shareholder rights, says Brazilian laws encourage entrenched corporate management to control companies without owning a majority of capital. Investors therefore have the incentive to buy control of companies at big premiums and then lower the purchase price by offering to buy the shares held by hapless minority investors, who lose out again and again.
Latin sovereigns retired billions in Brady debt this year as the markets showed renewed appetite for swaps to simpler, cheaper and longer-term bonds.
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