Latin America

Chile   By Antonio Guerrero   Piñera: Hoping to promote economic growth, despite crisis The massive earthquake and subsequent tsunami that hit Chile in late February caused hundreds of deaths, as well as destroying some 500,000 homes and damaging infrastructure. ...

Roundup   By Antonio Guerrero   Meirelles: Reining in Brazil’s stimulus measures Brazil’s central bank moved to tighten monetary policy by raising bank reserve requirements on term deposits from 13% to 15% as of April 9. The central bank had ...

Global Finance names the 2010 World’s Best Emerging Market Banks in Latin America   NEW YORK, March 23, 2010 — Global Finance magazine (www.gfmag.com) has named the "Best Emerging Market Banks in Latin America" in an exclusive survey to be ...

Roundup   By Antonio Guerrero   Nacional, part of Wal-Mart’s rapidly expanding Brazilian arm With Brazil’s strong economic recovery fueling consumer demand, local and international retailers are increasing their market presence. Retail sales are expected to grow by 12% in ...

  Dominican Republic   By Antonio Guerrero   About turn: Dominican Republic signs up to IMF program With investors hunting for yield, the stage is set for more “exotic” issuers to tap global markets for financing, including some previous defaulters. ...

Argentina   By Antonio Guerrero   Redrado: Rejected presidential order to resign Argentina’s central bank presidents have long received low grades for their lack of independence. The situation has been exacerbated under Argentine president Cristina Fernández de Kirchner, who has ...

Roundup   By Antonio Guerrero   Itaipu: Hydro plant blamed for near-nationwide blackout Banco do Brasil, controlled by the federal government, may seek up to $4.4 billion in primary and secondary share offerings during the first half of the year, ...

Banco do Brasil Establishes OTC-Traded DR Program   By GP   Banco do Brasil, one of the biggest banks in Latin America, has established an American depositary receipt program in the over-the-counter market. It selected BNY Mellon as depositary for ...

Mexico   By Antonio Guerrero   Calderón: Reform agenda is in danger of stalling Analysts had for months warned of an impending Mexico downgrade. When it finally came, it did so in the form of a one-two punch. In November ...

Retailer Aims To Cash In On Latin America’s Growth   By GP   With its network of department stores, home-improvement centers, supermarkets and consumer banks, Falabella is one of the leading diversified retailers in Latin America. It is teaming up ...

Roundup   By Antonio Guerrero   Too strong: Authorities fret over appreciation of Brazilian real The Brazilian government took the controversial step of reintroducing a 2% financial transactions tax on purchases of stocks and bonds by foreign investors that had ...

Panama   By Antonio Guerrero   Providing a lift: Canal expansion will boost Panama economy Panama is poised to become Latin America’s newest investment-grade-rated country. Standard & Poor’s pushed Panama closer to the coveted rating in November when it raised ...

  Emerging Markets Focus: Latin America   Much of Latin America is reaping the benefits of a rapid growth in China’s involvement in the region. Booming trade levels are changing some key global market dynamics.   By Antonio Guerrero   ...

Roundup   By Antonio Guerrero   Banco Santander Brasil, the local subsidiary of Spanish banking giant Banco Santander, in October raised more than $8 billion in Brazil’s largest-ever IPO and the world’s largest this year. Abu Dhabi’s state-controlled Aabar Investments ...

  EVERYTHING TO PLAY FOR       As Brazilian president Lula prepares to step down, the country is facing a remarkably bright future—and a presidential election that is far from a foregone conclusion.   By Antonio Guerrero   Brazilian ...

Mexico   By Antonio Guerrero   LFC workers protest against Calderón’s actions When Mexican president Felipe Calderón decided in October that the staterun LFC electrical utility had sapped resources for too long, to the tune of $3 billion in annual ...

Investor   Argentine Electric Company Lists ADRs In New York.   By GP   Pampa Energía, which generates, transmits and distributes electricity in Argentina, listed American depositary receipts on the New York Stock Exchange on October 9, and its chairman, ...

Global Finance ranks the Biggest Emerging Market Banks by Region. NEW YORK, October 16, 2009 — As the world’s key emerging markets continue to drive the global economy out of recession, Global Finance unveils its second annual Global Finance 200, ...

Roundup   By Antonio Guerrero   Banco Santander floats its Brazilian operations in IPO Banco Santander in September launched a much-awaited IPO of its Brazilian unit, in a deal expected to raise more than $5 billion—one of the world’s largest ...

Honduras   Antonio Guerrero   Zelaya: Garnering interna tional supprt After Honduran soldiers stormed leftist president Manuel Zelaya’s home in June and he fled into exile, many speculated the Central American nation’s economy was poised for growth. After all, Zelaya ...