Latin America

Global Finance Announces the Best Banks by Region 2012 NEW YORK, March 20, 2012 – Global Finance magazine has announced its annual awards for the World's Best Banks in Developed and Emerging Markets. The list of regional winners is on ...

E.ON AND MPX ENERGIA PARTNER ON POWER PLANTS   By Antonio Guerrero   E.ON, the German power utility, is partnering with MPX Energia, a power company controlled by Brazilian billionaire Eike Batista, to launch a joint venture to build Brazil's largest ...

FOR BETTER OR FOR WORSE   By Antonio Guerrero   While neither Brazil nor Uruguay have any trade pacts aside from Mercosur, Chile and Mexico have many agreements in place. The two strategies have met with varying success.   When ...

EMERGING MARKETS INVESTOR: DR NEWS   By Gordon Platt   Bancolombia sold $267 million in ADRs in January in a follow-on offering to its domestic sale of $614 million in preferred shares. The bank said proceeds would go to lending and ...

NEWSMAKERS: BRAZIL   By Antonio Guerrero   Graças Foster, 58, was appointed CEO of Brazil's Petrobras state-controlled oil company in February, becoming the first woman ever to head one of the world's top oil operations.   Foster was nominated by ...

Global Finance announces a half-yearly update World’s 50 Safest Banks: April 2012 NEW YORK, March 1, 2012 – Bank stability is an ever-more pressing concern for the world’s corporations and investors. It is within this context that Global Finance announces ...

Global Finance names the Safest Banks in Latin America: April 2012 NEW YORK, March 1, 2012 — Global Finance magazine ( GFmag.com ) has named the top “Safest Banks in Latin America: April 2012” in an exclusive survey to be ...

NEWSMAKERS: BRAZIL   By Antonio Guerrero   Brazilian president Dilma Rousseff, a former technocrat and Marxist activist, completed her first year in office on January 1 with a 72% approval rating.   Rousseff: A pragmatist with no tolerance for corruption ...

STATE-OWNED BANKS TO BOOST ENDING   By Antonio Guerrero   Brazil's government is investing more than $500 million this year recapitalizing two state-controlled banks to boost lending.   The nation's Treasury will invest $269 million in the BNDES national development bank ...

TAX CUTS TO RESTART THE BRAZILIAN ECONOMY   By Antonio Guerrero   Aiming to shield the economy from the potential fallout of Europe’s debt crisis, the Brazilian government took fiscal policy steps that include $1.5 billion in tax cuts.   Chevron ...

EMERGING MARKETS INVESTOR: NEWS   By Gordon Platt   The Bolsa Mexicana de Valores exchange in Mexico City says it will introduce faster trading technology by the middle of 2012 in an effort to attract more high-frequency traders.   BMV says ...

    PREPARING FOR THE WORST   By Antonio Guerrero Latin American countries are starting to build reserves and diversify economies to brace for a possible global downturn. The question is whether it will be enough to protect the export-driven ...

PETROBRAS TO SELL OFF ASSETS WORLDWIDE   By Antonio Guerrero   Brazil’s state-controlled Petrobras oil company is selling its worldwide noncore assets to support a $224 billion capital expenditure plan for 2012–15—which will fund development of the country’s pre-salt offshore ...

NEW OIL FIELDS TO ATTRACT BIG INVESTMENT   By Antonio Guerrero   Brazilian authorities remain optimistic that they will be able to sign an agreement with Taiwanese manufacturer Foxconn Technology, the world’s largest contract electronics producer, for a $12 billion ...

ALFA GROUP GROWS THROUGH ACQUISITIONS   By Gordon Platt   Monterrey-based Alfa, one of Mexico’s largest industrial groups, has four business lines, comprising petrochemicals, aluminum auto parts, processed food and telecommunications.   Earlier this year it became the sole shareholder ...

Global Finance names the Safest Emerging Market Banks 2011 in Latin America NEW YORK, November 3, 2011 — Global Finance magazine ( GFmag.com ) has named the top 10 “Safest Emerging Market Banks in Latin America” in an exclusive survey ...

SEARCHING FOR BALANCED SOLUTIONS   By Antonio Guerrero   Investors are awaiting the outcome of recent rate cuts in Brazil. Whether it will prove proactive or premature remains to be seen.   Citing a substantial deterioration in the global economy, ...

The Americas Argentina Mercedes Marcó del Pont Grade: D When Argentine president Cristina Fernández de Kirchner appointed political ally Mercedes Marcó del Pont to head the central bank in February 2010, there was little hope the move would lead to ...

MILESTONES: VENEZUELA   By Antonio Guerrero   Venezuelan President Hugo Chavez in August gave the world’s gold markets a double-fisted punch.   Gold may reduce oil dependence On the one hand, he nationalized his country’s gold mining sector. On the other, he announced ...

INVESTMENT SPREE FOR FIFA WORLD CUP AND OLYMPICS   By Antonio Guerrero   Brazil is preparing for a major investment spree ahead of the 2014 FIFA World Cup and 2016 Olympic Games.   Brazil prepares for FIFA World Cup 2014 Brazil’s ...