December 2003

A Sale and a Partnership Derailed


One company is high on ambition. The other is deep in distress. The owners of Mexico’s top railroad now are feuding over deal gone bad involving a choice asset.

Brazil Glows, But Can it Grow?


The country has regained the confidence of investors and but Brazil still faces considerable challenges that the markets have ignored for too long.



Feast of the Vultures

Corporate & Sovereign Strategy

Two investment firms are suing Nicaragua for full repayment of defaulted debt from the 1980s. The outcome could establish precedents with far-reaching repercussions.

Fighting the Good Fight


Brazil’s trade and industry minister has been in the job barely a year and already has something to show for his time in government. But Luiz Furlan still has much to d...

Interview with Venezuela's Finance Minister

An exclusive interview with Tobías Nóbrega - READ THIS ONLY ONLINE. EXCLUSIVE FOR SUBSCRIBERS.

LatinFinance Events

In case you missed them, here are the latest photos and news from recent LatinFinance events.

Looking Abroad


Mexico’s pension fund managers soon will be able to invest overseas. Debaters at a LatinFinance conference in November looked to the future of offshore investing.

Off to a Good Start


Brazil’s President Luiz Inácio Lula da Silva has achieved a lot in his first year in office. His reform agenda next year promises to be as challenging as it has been in...

Picking Its Price

Telmex and its bankers decided to take an unorthodox approach to the US dollar bond market when the company set out to raise a $1 billion in November.

Private Banker as Team Captain

LatinFinance recently hosted a roundtable in Miami in which investment and legal professionals debated the challenges facing Latin American wealth management.

Redefining Relationships

Big international banks like Citigroup don't want to be all things to all clients in Latin America anymore. They want to deepen potentially lucrative relationships with...

Rising From the Ashes


Money is moving into Latin American technology ventures in Brazil. But entrepreneurs and their backers still face considerable odds.

Second Tier Success


Brazil’s Banco Bradesco locked in its lowest rate ever in a subordinated debt issue. More banks are lining up to follow Bradesco into a market hungry for Brazilian risk...

The Lure of the Orient


China has become one of Brazil’s biggest trading partners, driven by its voracious demand for commodities. Bankers are benefiting.

The Rift Grows Wider

The poor are getting poorer and the rich are getting richer. President Hugo Chávez is tightening his grip on power as challenges against his government grow.

What CACs Lack

Corporate & Sovereign Strategy

Heralded as a breakthrough in the sovereign debt restructuring debate, agreements between debtors and creditors still need fine-tuning.

What to Hope for in 2004