Wedged between Brazil and Argentina—two neighbors with serious economic problems—Uruguay is an attractive foreign direct investment alternative in Latin America.
Major rating agencies are chasing each other in downgrading Brazil, as the country struggles with recession, a spiraling devaluation of the real and a damaging political crisis.
Global Finance interviewed Derek Pattison, Scotiabank’s VP of wealth management, Bahamas, on the importance of responding to clients’ needs for any product, anywhere.
Newsmakers | Mexico
In June, Jaime Rodríguez Calderón became the first independent candidate to be elected a state governor in Mexico, winning office in Nuevo León.
Capital Markets | Project Finance
Brazil’s multinational metals and mining group Vale has signed a $2.1 billion agreement with the Export-Import Bank of Korea.
Newsmakers | Nicaragua
When Nicaraguan president Daniel Ortega announced last December a plan to construct a controversial transoceanic waterway that would provide an alternative to the Panama Canal, he vowed the project would create jobs and bring prosperity to the hemisphere’s second-poorest nation.
Global Finance sat down with Luiz Carlos Angelotti, MD and head of investor relations at Brazil’s Banco Bradesco, to discuss the bank’s bullish approach to investing despite the country’s economic downturn.
Special Report | The Caribbean
The Caribbean’s economies are expected to improve this year on the back of growth in tourism, but the economic climate remains frail with the drop in oil prices proving a mixed bag for countries in the region.
Global Finance talked money laundering, Cuba and banking regulation with David Schwartz, president and CEO of the Florida International Bankers Association, a nonprofit representing financial institutions in the US, Latin America, the Caribbean and Europe.
FDI Update | FDI Magnet
Countries that dismantled protec-tionist policies are still attracting FDI, despite the commodities bust. Others aren’t doing so well.
Management | Corporate Reporting
For Petróleo Brasileiro, or Petrobras, as the giant Brazilian oil company is called, the time to present audited 2014 results, including the write-downs associated with the highly publicized historical corruption scandal, is running out.
Regional Report | Latin America
Colombia, Chile, Mexico and Peru are handling the drop in commodities prices better than the rest of Latin America.
Newsmakers | Brazil
Aldemir Bendine became one of Brazil’s poster boys for success while at the helm of Banco do Brasil, but his new role as chief executive of the country’s oil giant, Petrobras, is causing him headaches.
Trends | Global Banking
On the surface at least, Spain’s Banco Santander and Cloud storage providers do not appear to have much in common.