Buttoned up.(RADAR)(Hugo Boss AG, Pierre Cardin buy buttons of
Ecuadoran origin.)(Brief article)
Hugo Boss, Pierre Cardin and Valentino Rossi, among other
designers, are happy to buy buttons of Ecuadoran origin. The reason is
that the best tagua--a kind of palm tree grown in the northern . . .
LTV Networks.(REGIONAL)(LTV Post Production Services Co.)(The
Nasdaq Stock Market Inc.)(Brief article)
LTV NETWORKS, a U.S. television company, announced the creation of
Latin Television, which will list equity in the Nasdaq stock exchange in
New York. Latin Television is the product of a merger . . .
Phone home.(PANORAMA)(Oswaldo Cisneros)(Telvenco)(Brief
article)
Telvenco, a conglomerate controlled by Venezuelan magnate Oswaldo
Cisneros, said it will buy for US$425 million Digitel, a Venezuelan
wireless telephone company, from Telecom Italia's Venezuelan . . .
AMB Property.(MEXICO)
AMB PROPERTY, a U.S. real estate developer, and G. Accion, a
Mexican developer, will invest US$55 million building an 87,700
square-meter industrial park in Mexico City. The two companies will . . .
Desarrolladora Homex.(MEXICO)
DESARROLLADORA HOMEX, a Mexican construction company, completed a
secondary stock issue in U.S. markets, raising US$255 . . .
Soft sell.(RADAR)(Unilever Group)(Brief article)
Consumer goods giant Unilever, better known for shampoos and the
like, has embarked on a new business in Latin America: book publishing.
And winningly so. The first effort is the release in . . .
Busy signals.(10 YEARS AGO IN LATIN TRADE)(usage of Wireless
telephones has increased in Brazil.)(Brief article)
The number of cell phones in Brazil is expected to zoom to 6
million by 1998--an enormous market for the private investors who will
win bids to provide the expanded service. "Brazil needs an . . .
It's on me.(PANORAMA)(Petroleos de Venezuela S.A.)(Brief
article)
Venezuela, one of the world's biggest oil producers, has got
some money to spend thanks to high crude prices. Windfall oil revenue
not only improves life for many in the country, but also allows . . .
American Electric Power.(MEXICO)(American Electric Power Company
Inc. sells stake in its power generator to InterGen)(Brief
arti
AMERICAN ELECTRIC POWER, a U.S. energy company, sold for US$29
million a 50% stake in its Bajio power generator, located in Guanajuato
state in Mexico, to InterGen, another U.S. energy company. The . . .
Mexico.
MEXICO will invest US$250 million rebuilding the resort city of
Cancun, which suffered widespread damage from Hurricane Wilma last
October. The country wants the city to be 100% back to normal by . . .
Linking up.(1 YEAR AGO IN LATIN TRADE)(Brief article)
Colombia and Venezuela have pledged to construct a natural gas link
between the two countries. The USS170 million project would run from La
Guajira in Colombia's northeast to the western Venezuelan . . .
Industrias Penoles.(MEXICO)
INDUSTRIAS PENOLES, a Mexican mining company, will sell its Pinos
Altos gold deposit in Chihuahua state to Agnico-Eagle Mines, a Canadian
mining outfit. Under the agreement, Agnico-Eagle will pay . . .
WFI.(MEXICO)
WFI, a U.S. wireless-network service provider, sold for US$18
million all of its Mexican assets to Sakoki, an investment vehicle
controlled by WFI's former CEO Massih Tayebi. Tayebi's
brother, . . .
Puerto de Liverpool.(MEXICO)
PUERTO DE LIVERPOOL, a Mexican department-store chain, will invest
US$120 million building four new retail outlets in Jalapa,
Coatzacoalcos, Colima and Mexico . . .
Carso Infraestructura y Construccion.(MEXICO)
CARSO INFRAESTRUCTURA Y CONSTRUCCION, a construction company
controlled by Mexican magnate Carlos Slim, signed a US$258.4 million
contract to build the Libramiento Norte highway in Mexico City. . . .
Click here.(5 YEARS AGO IN LATIN TRADE)(Brief article)
The future for Latin America's dot-corns breaks down into a
couple of big, easy-to-handle chunks, say industry specialists--either
make money at something real, or die. Banner ads, those . . .
Grupo Bimbo.(MEXICO)
GRUPO BIMBO, a Mexican food company, bought for US$7 million
Uruguayan food companies Walter M. Doldan and Los Sorchantes. Combined
sales of the companies reached $6.9 million in 2005. The . . .
Hipotecaria Mexico.(MEXICO)
HIPOTECARIA MEXICO, a Mexican financial institution, sold for
US$19.1 million its entire stake in Metrofinanciera, a financial
institution, to its partners in the company. Regulators must approve . . .
ICA.(MEXICO)
ICA, a Mexican engineering and construction company, signed a
contract to build for US$183.4 million seven buildings at Mexico City
International Airport's second terminal. The project should wrap . . .
Grupo Financiero Banorte.(MEXICO)
GRUPO FINANCIERO BANORTE, a Mexican financial institution, said its
subsidiary Banco Mercantil del Norte bought for US$259 million a 70%
stake in INB Financial Corp, a U.S. financial services . . .
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