Brazil Gets $11 Billion Boost The International Monetary Fund agreed in mid-June to lend Brazil $10 billion and the World Bank chipped in another $1 billion to help the country […]
Category: 2002
Posted inMagazine
Billionaire Biker Bucks the Trend
Chicago real estate magnate Sam Zell prides himself on being an opportunistic investor. In Latin America, the entry-level housing market has caught his eye, but any deal in the region requires good local partners and access to information.
Posted inMagazine
The Very Long Arm of US Law
Tough new US laws on money laundering increased pressure on banks to make sure clients and correspondent banks stay clean. But eight months after President Bush signed the Patriot Act, many of its details remain unclear.
Posted inMagazine
Bringing Custody Up to Speed
Latin American securities depositories are trying to speed clearing and settlement of trades. Meanwhile, custodians are working to ensure that their due diligence procedures meet the standards of their clients and the US government.
Posted inMagazine
Business & Banking
Anglo Buys Exxon’s Chilean Copper Mines Anglo American, the world’s largest precious-metals mining company, is spending $1.3 billion in cash to buy two Chilean copper mines from Exxon Mobil Corp. […]
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Going Nowhere Slowly
With Argentina’s provinces and banks withdrawing support, the federal government is running out of options to keep the financial system alive and revive the economy.
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Keeping Up the Momentum
Financial custody and settlement procedures have come a long way in Latin America. But the region’s markets need to continue refining their systems to boost lquidity and reduce costs for investors.
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MarketWatch
Divergent Paths Interest rates in Mexico and Chile are at historical lows, in spite of the growing uncertainty afflicting most of the region. Chile is located next door to Argentina, […]
Posted inMagazine
More to Ratings Than ABCs
The companies that assign the alphabetic ratings to issuers of debt face inherent conflicts of interest because they get a significant portion of their revenues from the very companies they rate.