Chile’s state-owned copper producer Codelco faces hard times as prices fall and international commodity markets grow weaker.
Category: Web Articles
July/August 1999
NYSE Chairman Rick Grassso and other international business leaders step in to try pacifying conflict-torn Colombia.
June 1999
Latin American bond markets recover bu June, six months after Brazil’s devaluation of the real. New Central bank President Armínio Fraga restores confidence, the currency bounces back and the emerging markets are back in form.
May 1999
The appointment of Armínio Fraga as Brazil’s Central Bank president helps bring the country back to life after the real’s devaluation.
April 1999
Ecuador’s banking crisis deepens as the country’s economy unravels.
March 1999
Brazil’s currency, the real, crashes and loses 30% of its value and threatens to drive the economy into recession and reignite inflation.
December 1999
The internet bubble spreads to Latin America. Local dot.coms list on the NYSE noths ahead of the Nasdaq collapse.
January/February 1999
Hugo Chávez, Venezuela’s president, tries to attract
foreign investment to restart the economy. Skeptics
are right to ask a few hard questions.
