Hints and tips:
What the country’s banking sector really needs is a spot of consolidation
...Last week Portugal’s Banco Comercial Português became the latest peripheral institution to access unsecured borrowing when it issued a three-year €500m senior unsecured bond, with a 3.3 per cent coupon,...
...Walmex rivals – Comercial Mexicana, Comercial Chedraui and Soriana – advanced 3.7 per cent, 5.5 per cent and 1.4 per cent respectively....
...The move comes on the heels of a similar announcement made last month by Controladora Comercial Mexicana....
...It appeared to have worked – Monday’s Cronista Comercial business paper reported a plunge in prices, though it feared the lull could be temporary given the uncertain political outlook with mid-term elections...
...Both Organización Soriana and Controladora Comercial Mexican, the country’s second and third largest retailers have overcome recent financial difficulties to challenge Walmex for the top spot in Mexican...
...foreign exchange controls have made things hard for shoppers, the latest being an unwritten limit on dollar purchases for Argentines heading overseas, according to opposition business paper El Cronista Comercial...
...Related reading: LatAm banks: new target for China Inc?...
...its revenue comes from 19 countries outside Argentina – shielded it from the YPF fallout, and Alejandro Yapur, McDonald’s managing director for Argentina, Uruguay, Paraguay and Chile, told El Cronista Comercial...
Companies in the troubled eurozone increasingly face rebel voters
...F&C Asset Management rallied 3.9 per cent to 64p after HSBC said fears were misplaced that the group would lose all the assets it manages on behalf of Friends Life and Banco Comercial Português....
The fiscal and trade imbalances that were a weakness in 2008 have been largely repaired
...But Argentine business newspaper El Cronista Comercial on Friday reports that a deal has been reached to sell 80 per cent of the operation to ICBC for $700m to $800m....
...The other listed banks, Banco Comercial Português and Banco BPI, have lending books that outstrip their deposits by about half, though those ratios are falling fast, as the banks, again led by BES, wind...
...Banco Comercial Português fell 6.9 per cent to €0.37, while Banco BPI shed 6 per cent to €0.95. Most of the eurozone periphery markets followed suit....
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