Latin America Archives

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Emerging & Frontier Markets

Emerging Markets : Colombian Cement Maker Starts Level I Adr Program

DR NEWS Cementos Argos, the fifth-largest cement producer in Latin America, began trading its shares in the US over-the-counter market in the form of American depositary receipts. The Medellín, Colombia-based company makes white and gray cement, as well ...

Emerging & Frontier Markets

Features : Brazil Points The Way

LATIN AMERICA President Lula’s bold program of social and economic reform has become a model for economies in Latin America and beyond. Under Lula, Brasilia has focused on growing the economy in a way that benefits people at all ...

Emerging & Frontier Markets

Milestones : Four-Year Fight Ends In Cafta Ratification

COSTA RICA President Arias successfully concludes free trade agreement. Four years after it was first signed, Costa Rican lawmakers in November finally ratified Cafta, the free trade agreement between Central America, the Dominican Republic and the United States. ...

Emerging & Frontier Markets

Emerging Markets : Government Mobilizes Reserves To Boost Liquidity

BRAZIL Oil finds saw Brazil's national petroleum agency ANP reduce new exploration concessions. While Brazilian officials had touted the country’s resilience to the global financial meltdown, they got a disturbing wake-up call in October as the ...

News

Milestones : Argentina Seeks End To Default Saga

ARGENTINA Seeing off the debt: Kirchner hopes investors will accept deal. In a major policy reversal, the Argentine government is reaching out to holdouts from its $100 billion debt workout in which bondholders received a 70% ...

News

Milestones : Sovereign Funds Eye Santiago Principles

GLOBAL Place of principles: Santiago, Chile's capital, where the funds agreed to a series of standards. The International Working Group (IWG) of 26 member countries of the International Monetary Fund last month released a statement of Generally ...

Emerging & Frontier Markets

Emerging Markets : In Olympian Bid For Global Respect

BRAZIL Petrobras head José Sergio Gabrielli: Prefers debt issue to equity. The Brazilian government is grappling with the reality of new offshore oil discoveries that could produce an estimated 50 billion barrels of oil, according to private ...

Banking

Emerging Markets : Banks Seek Growth After Profits Slide

BRAZIL Digging in: Brazilian miner Vale is investing heavily. After several years of steady profit growth, Brazil’s banking sector reported a slowdown in second-quarter 2008. Bradesco, Brazil’s largest non-state bank by assets, posted a 13% drop in second-quarter ...

Banking

Features : Island Life

CARIBBEAN FINANCE CENTERS Recent changes are helping the venerable finance centers of the Caribbean stave off increasingly intense international competition. Partly in response to the US-led assault on their opaque banking systems and propensity ...

Emerging & Frontier Markets

Milestones : Rating Downgrade Bucks Local Trend

ARGENTINA Don't cry for me: Kirchner's woes deepen as inflation accelerates. While Peru and Brazil crossed the investment-grade threshold this year, Argentina is moving in the opposite direction. Ratings agency Standard & Poor’s downgraded Argentina’s foreign and local long-term ...

News

Newsmakers : Calderón Aide Takes Top Economy Job

MEXICO Mexico's president Felipe Calderón is hoping Ruiz can help get the economy back on track. Faced with the fallout from the US economic slowdown, Mexico’s president, Felipe Calderón, appointed former businessman Gerardo Ruiz to the country’s top ...

Emerging & Frontier Markets

Emerging Markets : Soaring Surplus Channeled Into Wealth Fund

BRAZIL Mantega: Expects wealth fund to grow sharply. The Brazilian government increased its primary budget surplus by 0.5% of GDP, or some $7.9 billion, as part of a plan to finance its ...