Latin America Archives

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Milestones : Copper Giant In Sell-off Talks

CHILE Chile's state-owned copper mine, Codelco, faces opposition over privatization plans. With the long wave of Latin American privatizations seemingly coming to an end, Chile looks like it might be about to ...

Emerging & Frontier Markets

Newsmakers : Leaders Line Up Presidential Candidates

URUGUAY Danilo Astori: Businesses' "darling" in presidential race. Unable to seek reelection, Uruguayan president Tabaré Vázquez has tipped his finance and economy minister to be the ruling Frente Amplio (FA) coalition’s candidate ...

Emerging & Frontier Markets

Emerging Markets : Brazil Makes The Grade

BRAZIL Mantega: Central bank reserves will not be used for wealth fund. After years of speculation over when and if Brazil would achieve a coveted investment-grade rating, the move finally caught almost everyone by surprise. Standard & Poor’s ...

Emerging & Frontier Markets

Newsmakers : In The Hot Seat

<p>ARGENTINA Fernandez: His appointment unsettled financial markets. As he slips into the seat occupied by four others in less than a year, Argentina’s new economy minister, Carlos Fernandez, faces the unenviable task of restoring confidence in his government’s economic ...</p>

Emerging & Frontier Markets

Newsmakers : Paraguay Joins The Leftist Club

PARAGUAY Lugo: Promising to improve Paraguay's international standing. Paraguayan president-elect Fernando Lugo, a former Catholic bishop, is the newest member of Latin America’s growing list of left-wing leaders. He faces serious challenges in a country that, until his ...

Emerging & Frontier Markets

Emerging Markets : Acquisition Crumbles

BRAZIL Brazilian mining giant Vale walked away from Xstrata acquisition talks. Vale, the Brazilian mining giant formerly known as CVRD, decided to walk away from its proposed $90 billion acquisition of Swiss miner Xstrata after both sides failed ...

Emerging & Frontier Markets

Emerging Markets : Company To Watch: Ecopetrol/Colombia

OIL PRODUCER PLANS TO BE BIG SPENDER Ecopetrol, Colombia’s state-owned oil company, says it hopes to list its shares on the New York Stock Exchange later this year, following a further privatization to help finance an aggressive spending ...

Emerging & Frontier Markets

Milestones : Peru Makes The Grade

PERU Peru's president Alan Garcia: Fiscal policies led to upgrade. While analysts debated whether Brazil or Panama would win the race to become the next Latin American investment-grade-rated country, Peru beat both countries to the finish line. Citing ...

Emerging & Frontier Markets

Emerging Markets : Net Benfits

Brazil President Lula: Basking in Brazil's new net creditor status. After holding its ranking as the world’s largest emerging markets debtor for several decades, Brazil in January became a net foreign creditor for ...

Emerging & Frontier Markets

Milestones : Colombia Gains Ground In Andean Standoff

Colombia/ecuador/venezuela Uribe: Used the standoff to push US-Colombia trade deal After Venezuela and Ecuador sent troops to their borders with Colombia, in response to Colombia’s attack on FARC (Revolutionary Armed Forces of Colombia) rebels within Ecuadorian territory on ...

Emerging & Frontier Markets

Milestones : Panama Pushes For Investment Grade

Panama Digging in: Work is now under way on the $5.25 billion expansion of the Panama Canal. Although Brazil appears poised to become Latin America’s next investment-grade-rated sovereign, a tiny country may beat the giant to the punch. ...

Banking

Cover Story : Brazil Banking & Finance

BRAZIL BANKING & FINANCE Local banks’ stranglehold on the Brazilian market is coming under threat from acquisition-hungry international banks and investors. Brazilian central bank governor Henrique Meirelles's steady hand has helped instill growing confidence in prospects for the country's ...