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. […]
Category: 2002
Posted inMagazine
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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No Leaders, No Money, No Hope
A deepening financial crisis is adding another layer of complexity to Argentina’s troubles, made worse by the government’s extraordinary incompetence.
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No More Easy Money
The upheaval in Argentina has terrified providers of trade finance who are charging more for loans or want borrowers to set up complex structures to lay off risk. Cheap money across the region is a thing of the past.
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Rescue Mission II
Phillippe Reichstul has taken over Globo, the Brazilian media group that has hit a rough patch. His stellar performance at Petrobras, the national oil company where he was CEO, made him a shoo-in for his new role.
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Revenge of the ‘Mad Intellectuals’
A group of American economists has dominated the debate over the policies that Latin American governments, especially Argentina’s, should adopt. Any policy they suggested would have worked better that what is in place.
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Seeking the Common Ground
Bondholders think the International Monetary Fund and western governments are forcing them to support a sovereign restructuring process that would violate their interests and those of the international bond market as a whole. Hans Humes propeses a solution that would protect the interests of both debtor and creditor in future sovereign restructurings.
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Beyond Politics, Problems Mount
President Hugo Chavez survived April’s short-lived coup, but the economy is sinking. The international financial market is giving up on Venezuela, just when the government needs it the most.
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Slow Contamination
It is not true that the collapse in Argentina has spared the financial markets in the rest of Latin America and beyond. The difference between this and previous international financial […]