Hints and tips:
...Citigroup has said it will spin off its Mexican retail bank through an initial public offering, abandoning a plan hatched early last year to sell the unit....
...Nicholson says that Scotiabank was navigating the Latin American debt situation using its own methods, which worked better....
...Millicom, which sells mobile and broadband services in Latin America and Africa, previously owned 55 per cent of its Guatemala operation....
...Days after the announcement that Citi was exploring a sale, López Obrador made clear he preferred a Mexican buyer for the nearly 140-year-old bank....
...Tax credits are also available for EV battery sourcing and critical minerals for Mexican companies....
...“The amount of chocolate that an Indian or a Mexican consumes is 10 times or less than a European,” he said....
...The other major success stories have been in parts of Latin America. Chile has seen the strongest asset growth this year of any country tracked by Morningstar, with AUM up 21 per cent to $4.1bn....
...In fact, the real’s gains this year — and the Mexican peso’s more modest 2 per cent rise — can be explained as much by interest rate movements as exports....
...Pablo Riveroll, Head of Latin American Equities at Schroders, estimated a valuation between $5bn and $8bn....
...Bought in 2001 for $12.5bn amid much fanfare, the Banamex business was at the time the biggest acquisition by a US bank in Latin America....
...In eight of those nine markets, its main competitor is Mexican billionaire Carlos Slim’s América Móvil, one of the world’s biggest telecoms companies....
...But Netflix’s smash-hit Mexican thriller has revealed Latin America as the latest front in the global streaming war being fought between the world’s biggest media groups.For giants Disney, Amazon Prime and...
...As part of the financing for the transaction, SoftBank’s Latin America Fund will lead a $1bn debt issue with participation from Google, the Raine Group and ForgeLight, a current investor in Univision, the...
...The proposed tie-up is aimed at combining two companies with very different formats and geographical footprints into a retailing giant worth more than $50bn and the third-largest grocer globally behind Walmart...
...A version of this article was first published by the Nikkei Asian Review on June 28 2020. @2020 Nikkei Inc....
...It won’t be Fraser’s first rehabilitation job — she set Citi’s Mexican subsidiary Banamex right after a controls failure that triggered $100m in fines — but the stakes are much higher this time....
...The result of the poll, which Mr López Obrador has said will be binding, is a big setback for business confidence in Latin America’s second-biggest economy and comes as the coronavirus pandemic threatens...
...and championing a billion-dollar investment in Mexican subsidiary Banamex....
...“The grocer said, ‘Lady, that’s not for you, that’s for the Mexicans. If you eat one, I will pay for all your groceries.’ She did. And he paid....
...“It’s like not having any regulations, or worse,” said Daniel Martínez-Valle, chief executive of Mexican company Orbia, whose Koura division produces about a fifth of the raw material used to make the refrigerant...
...There are landscapes, and landscapes – and then there are the inimitable encounters between earth, sea and sky in Baja California Sur, the state at the tip of the 1,200km-long peninsula that separates the Mexican...
...Demand for US cheeses abroad, particularly in Asia and Latin America, has also spurred more production....
...Mexican President Andrés Manuel López Obrador has hit out at rating agencies after S&P Global became the latest to turn negative on the country’s prospects, saying the outlook downgrade was punishment for...
...The bank’s Madrid-listed shares lost as much as 7 per cent on Friday, while the Mexican unit of Santander fell heavily too....
...As FastFT noted earlier this morning, Mexican markets were sent into a tailspin this week after Mr López Obrador decided on Monday to scrap plans for an airport in Mexico City....
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