Latin America News
Citigroup’s CEO Jane Fraser Says Banamex IPO Is Best Path for Shareholders
Last month, Citigroup shocked markets with its plan to halt a sale of the unit, which includes its consumer, small-business and middle-market banking divisions in Mexico
Rich Latin Americans Investing In Real Estate Are Turning Madrid Into a New Miami
Luxury property prices are soaring in the Spanish capital and its high-dining scene is abuzz with activity.
Argentina Signs Deal to Expand Currency Swap Line With China to $10 Billion
China will allow Argentina to freely spend more of a 130 billion yuan currency swap line the nations share after leaders met Friday in Beijing
World’s Biggest Gold Producer to Invest $540M in Argentina’s Cerro Negro Mine
Newmont Corp., the world’s biggest gold producer, plans to invest a total of $540 million to extend the life of a key mine in Argentina, the government said
With Nutresa In His Bag, Billionaire Gilinski Is Seen as Corporate Raider in Colombia
Considered an outsider to Medellin’s business elite, Jaime Gilinski splits his time between homes in London, Miami and Colombia
Brazilian President Lula’s South American Summit Brings Together Struggling Peers
Brazil’s Luiz Inacio Lula da Silva is hosting his South American counterparts in Brasilia as he seeks to bolster regional relations, an ambitious plan that widespread political turbulence and the continent’s sluggish economies threaten to leave dead on arrival
Maduro Meets Lula In Brazil: What Does It Mean for Biden’s Regional Agenda?
Venezuelan President Nicolas Maduro called for a “multi-polar” world rather than one dominated by the US, as he arrived in Brazil seeking to rebuild the nation’s alliances after years of isolation
Argentina’s Economy Minister Sergio Massa in Mission to China for Swap Line Talks
Massa will meet with Yi Gang, governor of the People’s Bank of China, to discuss the “renewal and expansion” of the swap line
New VC Fund Led By Lab+ Ventures Eyes LatAm Science Startups
The backers of a new venture capital fund that aims to finance startups in Latin America focused on life sciences are bucking a funding crunch by tapping family offices and wealthy investors
JPMorgan Highlights Performance of Local Bonds in Emerging-Market Income Rally
Local debt has been the star performer among emerging-market bonds this year and its advantage over hard-currency notes is likely to persist, according to JPMorgan analysts
Billionaire Jaime Gilinski Finally Reaches Deal to Buy Colombia’s Nutresa
An all-stock agreement was reached Wednesday, the person said, bu the value of the transaction was not disclosed
Argentina to Deal Bigger China Swap Line to Prevent Peso Selloff
Economy Minister Sergio Massa will travel to Beijing May 29 to renew and renegotiate the swap line with his Chinese counterparts
AMLO’s Seizure of Germán Larrea’s Rail Line Is Making Investors Vigilant of Mexico
The president appears intent on forcing them to do business on his terms
Bloomberg Línea’s 45 Best Business Hotels in Latin America
From Mexico City to Buenos Aires, Sao Paulo, Rio de Janeiro, Panama City, to San Juan, San Jose and Santiago, these are the top hotels for business travelers in the region (and also in Los Angeles, Miami and New York City)
IDB Chief Shields LatAm’s Development Bank Against US-China Feud
Ilan Goldfajn said in an interview that the bank, which lent more than $12 billion last year, is focused on integrating the region’s countries through infrastructure and power projects