September / October 2012

Central bank scorecard: Taking a stand

Bonds Corporate & Sovereign Strategy Economy & Policy

Latin America’s central banks are grappling with slowing growth, falling commodity prices and turning credit cycles – as well as dogged price pressures

Cover Story: Remains of the day

Europe M&A Bonds

As western lenders pull back from markets once deemed vital to their future growth prospects, Latin America’s home-grown banks are swooping in to pick up the pieces

Debt: Waiting for the fall


Emerging market debt: A simple promise

Bonds Funds

A surge in demand for emerging market debt has seen investors pile into the asset class – but tight supply in Latin America could see the region overshadowed this year by...

Equity: Big bang theory


Front Notes: Till debt do us part

Investment banking fees survey: The waiting game

Equity M&A Loans

A disastrous run for equities has taken its toll on overall investment banking fees so far this year. Bankers are holding out for a pick up in the final quarter – market ...

Investor Report Andean Region: Digging deep

Colombia Peru Andean

The high-growth Andean economies of Bolivia, Colombia, Ecuador and Peru must ramp up infrastructure investment if they are to harness the full extent of their natural res...

Investor Report Brazil: A foreign exchange

Brazil Mexico Funds

A major shift is underway in Latin America’s investment landscape as fund managers reallocate profits taken from Mexico’s high-returning equity markets to holdings in Bra...

Investor Report Brazil: Dangerous game

Mexico Economy & Policy

There are growing signs that all is not well with the Brazilian economy. A rapid increase in household indebtedness and a surge in credit growth have investors worried ...

Investor Report Brazil: Pendulum swings

Brazil Economy & Policy Corporate & Sovereign Strategy

Currency volatility and exchange rate protectionism are taking their toll on Brazil’s corporates

Investor Report Caribbean: The gathering storm

Caribbean Economy & Policy Corporate & Sovereign Strategy

The Caribbean appears increasingly fragile as governments struggle to balance economies amid a pullback in traditional sources of foreign investment

Investor Report Mexico: Auto focus

Mexico Economy & Policy Corporate & Sovereign Strategy

Mexico’s manufacturing sector is poised for a significant boost – provided the US economy doesn’t falter

Investor Report Mexico: Hard bargain

Far-reaching reforms to Mexico’s energy sector are crucial to securing much-needed investment. All eyes are now on the incoming government

Investor Report Mexico: Hope springs

Mexico Funds Equity

Managers are confident renewed international fervor for Mexico will carry over into private equity. More robust domestic investment should be a bigger driver in the short...

M&A: Keeping the pace


Parting Shot: Mohamed El-Erian


Investors must become more discerning if they are to navigate the next stage in the emerging market growth cycle — and still make a return

People: Bancomer reshuffles


Sovereign wealth funds: Gearing up

Funds Economy & Policy

The hope is that large strategic investors such as sovereign wealth funds will become an integral part of Latin America’s financial landscape. The reality, however, is mo...

Spanish banks: A rock and a hard place

Europe Bonds

Spanish banks on paper remain firmly committed to their Latin businesses – their best hope for future profits. But further troubles at home could yet force them into a ra...

Trade finance: Troubled waters

Bonds Structured Finance Economy & Policy

The eurozone crisis and a tightening regulatory screw have intensified a mismatch between emerging trade flows and the provision of trade finance. Latin American companie...

Venezuela: The truth below

No matter the outcome of October’s elections, Venezuela’s next leader will face growing pressure for private capital to boost the oil sector