Category: Web Articles

Satellite telecommunications in Latin America fill in the gaps left by other telcom services as well as providing Internet and television transmission.

The Internet is creating a whole new platform for corporate computing. Internet-driven standards are simplifying and centralizing complex processes by installing database software on centrally managed servers.

The region faces tough decisions about privatization, regulation and integration for the Internet to truly take off.

Brazil’s Bradesco Sets the Pace for Internet Banking

Keeping up with trends and technology is not easy, but ignoring new developments can be fatal. Here’s what to look for.

Spain’s BBVA buys Bancomer, the Mexican bank, after a rival
bid from Banamex forces BBVA to offer Bancomer’s shareholders an improved deal. A year later, Banamex would be taken over by Citigroup. Soon, foreign banks will own nearly all Mexico’s banks.

Brazil’s central bank promised to privatize Banespa, the
Sao Paulo state bank, soon after it intervened in the bank years earlier. However, the sale of Brazil’s sixth-largest bank is plagued by endless delays, legal challenges and union opposition.

Latin American economies are doing better than expected, with the exception of Ecuador. It defaulted in 1999 and later adopted the US dollar, but it is still struggling to reform its economy and return to growth.

International oil prices begin recovering, which helps
Latin American oil producers – Mexico, Colombia, Venezuela, and Ecuador.

Ecuador decides to scrap its currency, the sucre, and adopt the US dollar in a bid to stop hyperinflation. President Jamil Mahuad was toppled in January in a military-led uprising. His successor, Gustavo Noboa, restores stability.