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Latest articles from Americas

Asset managers’ Latin boom

February 3, 2004

Jonathan Wheatley reports on the phenomenal growth opportunities of the asset management industry in Latin America, with Brazil leading the pack.
When Brazil introduced a temporary tax on financial transactions, the CPMF, in 1997, it was met with howls of protest. It was a regressive tax that would damage the competitiveness of Brazilian companies, critics said, and once introduced, it was unlikely to be withdrawn. The tax has indeed persisted and is much despised. But one industry has done well from it: asset management.

Trade deal loses clout

February 3, 2004

The new plans for an FTAA fall far short of ideals and economic growth could suffer, says Jonathan Wheatley.

Crumbling away behind a facade of optimism

January 5, 2004

Social unrest and a government that turns a blind eye to problems means Argentina’s future looks bleak, reports Karina Robinson from Buenos Aires.

Past lessons learnt, hope for the future

January 5, 2004

Henrique de Campos Meirelles assesses the achievements of the Lula administration in leading Brazil out of crisis.
Brazil is living through a time of hope, in which it is re-discussing its past and its present in order to create a new future. Today, it is clear that this new future may be quite different and much better than the one envisaged at the beginning of 2003.

US legislators likely to delay Basel II signing

January 5, 2004

US concern over domestic banks looks set to put back the Capital Accord again, and may jeopardise hopes of a level playing field.

Are banks fulfulling their moral role?

December 2, 2003

There is growing concern that Venezuela’s banks are ignoring their
private credit portfolios and relying instead on government paper, says
Mike Ceaser.
What happens when a nation’s banking system loses all of its customers
except one? When that nation is Venezuela, and the customer is the
government, the banks thrive. But the morals of this tactic and its
effect on the nation’s economy are being questioned.“Not having access to international markets, which had a very high cost, the state turned to the internal market”

Crisis? What crisis?

November 3, 2003

Political upheaval can translate into easy money for the financial sector – despite what the bankers might say, argues Jonathan Wheatley.

Safe spot for investment

November 3, 2003

Monica Campbell reports from Mexico City on why investment bankers’ optimism has not been dented by the slumping economy and political frustration.

Peace of mind

October 6, 2003