Latin America’s data transmission traffic is climbing quickly from a low base, and is likely to continue growing, although at a less hectic pace. The rise of the Internet, e-commerce, […]
Category: 2000
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Mutual Funds Gain Ground in Mexico
Legal changes and growing prosperity have assured Mexico’s mutual fund industry a significant role. The beneficiaries are savers and financial institutions, including foreign and independent players.
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DLJ Builds Emerging Markets Team
Donaldson Lufkin&Jenrette has hired Michael Schoen to manage its emerging markets corporate debt team. Schoen, who previously was division head of emerging markets at JP Morgan, is DLJ’s most recent […]
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New Man at BNDES
Eleazar de Carvalho has quit a glittering investment banking career to head BNDESPar, the investment arm of the Brazilian government’s development bank BNDES. BNDESPar’s main function is to run the […]
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Easy Com, Easy Go
Perhaps even more than their US counterparts, Latin Internet companies are feeling the pain of the crash in technology stock prices.
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Peru’s Moment of Truth
Whoever wins the presidential election, international investors want to see Peru’s new leader stabilize the country’s finances. Even the faintest whiff of populism would discourage foreign investment.
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FrontNotes
A warm glow of satisfaction is radiating from Latin America as the region’s main economies continue their surprisingly strong and steady recovery after several years of crisis. Perhaps just as […]
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Petrobras Refinances
Barclays of the UK closed a $500 million letter of credit-backed commercial paper program for Petrobras, the Brazilian state-owned oil company. The loan refinances two loans the quasi-sovereign took out […]
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Glorified, but not Glorious
Rogelio Ramírez de la O, a Mexican economist, believes the international press and finanical community have exaggerated the accomplishments of President Ernesto Zedillo. De la O argues that in spite of his economic achievements, Zedillo has failed to create a new economic framework for Mexico and has left masses of workers outside the rising tide of global capital flows.
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Praxair Goes Private
Praxair, the leading industrial gas supplier, successfully took its listed Brazilian subsidiary, White Martins, private in May in a tender offer to shareholders that raised the US group’s stake in […]