Latin Trade

Browse past and current articles from this publication.

Peru sold US$500 million in 12-year bonds.(Peru)(Brief Article)
PERU sold US$500 million in 12-year bonds, its first sale since November 2003. . . .

Vitro.(Mexico)(finance)(Brief Article)
VITRO, a Mexican glass manufacturer, secured a US$75 million syndicated loan to service debt, the company said in an exchange filing. Canada's Bank of Montreal and Mexico's Banamex were the leading . . .

Airborne.(Panorama)(Brief Article)
Brazilian jet maker Embraer said it expects to deliver 160 planes to clients in 2004. Among the orders is one for up to 50 Embraer 170-model aircraft from U.S. airline group Republic Airways Holding . . .

Iron man.(Panorama)(Companhia Vale do Rio Doce S.A.)(Usinas Siderurgicas de Minas Gerais S.A.)(Brief Article)
Companhia Vale do Rio Doce (CVRD) is on the move. The Brazilian industrial conglomerate signed a contract with Usiminas, a Brazilian steel maker, to supply the company with 25 million tons of iron o . . .

Wal-Mart.(Mexico)(Wal-Mart Stores Inc.)(Brief Article)
WAL-MART, a U.S. retailer, said it would lower fees it charges customers sending remittances to Mexico. The company said those using MoneyGram wiring services at all stores would pay a flat fee of U . . .

Pemex.(Mexico)(Petroleos Mexicanos)(Brief Article)
PEMEX, Mexico's state-owned oil company, will sell a low-sulfur gasoline blend in the domestic market. The company said the product would help curb pollution. . . .

Unefon Holdings.(Mexico)(Brief Article)
UNEFON HOLDINGS, a Mexican telecommunications holding company, said it filed to list equity on the Mexican Stock Exchange. Unefon is a spin-off of Mexico's TV Azteca, a Mexican television network op . . .

Telefonos De Mexico (TELMEX), a Mexican telecommunications company, bought a 40% stake in Chilean telecommunications company Chi
TELEFONOS DE MEXICO (TELMEX), a Mexican telecommunications company, bought a 40% stake in Chilean telecommunications company Chilesat from U.S. financial firms Southern Cross Latin America Private E . . .

Telefonos De Mexico (TELMEX).(Mexico)(Telefonos de Mexico S.A. de C.V.)(Techtel)(Brief Article)
TELEFONOS DE MEXICO (TELMEX), a Mexican telecommunications company, bought an 80% stake in Argentine data firm Techtel for an undisclosed sum. Telmex said the purchase was part of its plan to expand . . .

TV Azteca.(Mexico)(TV Azteca S.A. de C.V.)(Brief Article)
TV AZTECA, a Mexican television broadcaster, approved a US$55 million cash distribution plan for shareholders payable in 2004. The company said it would give shareholders $52 million from cash earne . . .

DESC.(Mexico)(DESC Sociedad de Fomento Industrial)(Brief Article)
DESC, a Mexican conglomerate, said it successfully raised US$242 million in a capital increase. The company said it would use the funds to pay down debt. . . .

MCI.(Mexico)(MCI Inc.)(Telefonos de Mexico S.A. de C.V.)(Brief Article)
MCI, a U.S. telecommunications company, has been allowed by a U.S. bankruptcy judge to sell its stake in Brazilian long-distance carrier Embratel to Telefonos de Mexico for US$400 million. . . .

Corporacion Durango.(Mexico)(Brief Article)
CORPORACION DURANGO, a Mexican corrugated cardboard producer, said its creditors agreed to terms to restructure US$715 million in the company's debt. Creditors controlling 55% of the company's debt . . .

Consar.(Mexico)(Brief Article)
CONSAR, Mexico's pension-fund regulator, gave the country's pension funds approval to invest 15% of their assets in local and foreign stocks, a move designed to boost returns. Financial services com . . .

Copa.(Colombia)(Brief Article)
COPA, a Panamanian airline, made a bid to acquire bankrupt Colombian airliner Avianca for an undisclosed sum. The move follows a bid made by Brazilian conglomerate Grupo Sinergy, which offered US$64 . . .

Siemens.(Colombia)(Brief Article)
SIEMENS, a German industrial conglomerate, signed a US$80 million deal with Interconexion Electrica, a Colombian telecommunications and energy company, to build power substations that will connect c . . .

LAN, a Chilean airline, said it signed a 10-year training contract with Canadian technology company CAE to train the carrier's p
LAN, a Chilean airline, said it signed a 10-year training contract with Canadian technology company CAE to train the carrier's pilots. The deal gives CAE control of a LAN flight simulator in Chile, . . .

LAN.(Chile)(Brief Article)
LAN, a Chilean airline, said it was considering buying a stake in Argentine carrier Argentina American Falcon. LAN said it had no concrete plans to make an offer. . . .

Embotelladora Andina.(Chile)(Brief Article)
EMBOTELLADORA ANDINA, a Chilean Coca-Cola bottler, said it was negotiating with Brazilian bottler Companhia Mineira de Refrescos to exchange franchising rights to bottle Coca-Cola products across pa . . .

Pacific Hydro.(Chile)(Brief Article)
PACIFIC HYDRO, an Australian renewable energy producer, purchased the Coya and Pangal hydroelectric power plants from Codelco, Chile's state-owned copper company, for US$75.6 million. The deal also . . .

Finning International.(Chile)(Brief Article)
FINNING INTERNATIONAL, a Canadian distributor of Caterpillar brand construction, forestry and mining equipment, struck a US$83 million supply-and-maintenance deal with Compania Minera Maricunga, a C . . .

Enersis.(Chile)(Brief Article)
ENERSIS, a Chilean utilities holding company, said it prepaid US$150 million of a $500 million syndicated loan and refinanced the remaining $350 million. The company said the restructuring would low . . .

Endesa.(Chile)(Brief Article)
ENDESA, a Chilean power producer, has begun preparing its US$540 million Ralco hydroelectric power plant for its expected launch by the end of 2004. Ralco will produce 9% of the electricity in Chile . . .

TACA.(Central America)(Brief Article)
TACA, El Salvador's flagship airline, named Chairman Roberto Kriete as the company's new CEO. TACA's former CEO Federico Bloch was murdered in El Salvador. Bloch had worked for the airline for 25 ye . . .

Petrobras.(Brazil)(Brief Article)
PETROBRAS, Brazil's state-run oil company, said it plans to explore for gas in the Caribbean Sea off the coast of Colombia with oil companies ExxonMobil, of the United States, and Colombia's state-o . . .

Halliburton.(Brazil)(Brief Article)
HALLIBURTON, a U.S. oil-field service provider, said it would take a charge of US$62 million during the first quarter of 2004 due to disputes concerning a stalled oil project with Brazil's state run . . .

Buckeye Technologies.(Brazil)(Brief Article)
BUCKEYE TECHNOLOGIES, a U.S. maker of cellulose products, will invest US$18 million to modernize a cotton plant in Brazil. The investment, which will be made over the next 18 months, is expected to . . .

Otto Reich.(Regional)(White House envoy )(Brief Article)
OTTO REICH, a White House envoy to Latin America, resigned to start his own consulting firm. Reich said he would contribute to U.S. President George W. Bush's reelection campaign. . . .

NII Holdings.(Regional)(Brief Article)
NII HOLDINGS. a U.S. telecommunications company known as Nextel, will offer its walkie-talkie style cellular telephone service among users in and between Canada, the United States, Mexico, Peru, Bra . . .

Moo-vement.(Panorama)(Mexico's Agriculture Ministry lifted restrictions on poultry from four U.S states.)(Brief Article)
Mexico's Agriculture Ministry lifted restrictions on poultry from four U.S states. An outbreak of avian flu in Texas in February prompted the ban, and Mexico continues to prohibit fowl from six othe . . .

... And more Kudos.(Letters)(Letter to the Editor)
Congratulations on a great debut in Portuguese (June 2004). There's much in Brazil that merits the respect of the international community as the uncontested leader of the emerging countries. LATIN T . . .

Kudos.(Letters)(Letter to the Editor)
It is with great pleasure that I congratulate the members of the prestigious publication LATIN TRADE for its editorial team, for the excellent magazine. for its dynamics as well as its type of analy . . .

Recount.(Letters)(Letter to the Editor)
Your captioned review ("Ballot Box," May 2004) mistakenly states "In El Salvador, Elias Antonio Saca from the ruling party Arena maintained strong support going into the second round of voting in Ma . . .

Go, burro, go!(Letters)(Letter to the Editor)
Dear Silicon Jack: I enjoy all your articles, including this one about War-Mart ("The Bentonville Menace," May 2004). I try and avoid this place at all cost. [I] dislike everything from their treatm . . .

Stay hungry.(Editor's Note)(Business enterprises)
How fast could Latin America's companies come roaring back? Let's review: A lot of the last few years has been sleeping off the hangover of headier, dot-corn days. But many of the companies in our e . . .

For richer, for poorer.(Point Of View)
The government of the Brazilian state of Sao Paulo recently sponsored the largest collective marriage in Brazil ever, in which 1,339 pairs of low-income couples tied the knot for free. Under new rul . . .

Agenda.(Calendar)
EVENTS 6TH ANNUAL CONFERENCE ON CASH AND TREASURY MANAGEMENT IN MEXICO Conference on Treasury Issues June 1-2 Mexico City, Mexico Contact: Michelle Roniak Tel: [44] (207) 330-1000 Fax: . . .

Privatizations.
PRIVATIZATIONS SECTOR PROJECT DESCRIPTION AVIATION CHILE Region IV airport 20-year concession to build and opera . . .

As goods go east, money flies south.(Indicators)(Brief Article)
Money is flowing into Latin America again. Experts predict US$43 billion will enter the region in 2004, counting together portfolio investments such as stocks and bonds and direct investments. That' . . .

El Salvador: slow but steady.(Indicators)(Brief Article)
Thirty-nine-year-old president-elect Tony Saca takes office this month after campaigning to continue the free-market policies of his predecessor, Francisco Flores Perez. Saca continues an uninterrup . . .

Indicators.
Latin America and the Caribbean GDP Industrial production % change on year ago % change on year ago . . .

Colombia received US$400 million from the Andean Development Corporation.(Colombia)(Brief Article)
COLOMBIA received US$400 million from the Andean Development Corporation to finance infrastructure projects for urban development. . . .

Banco Nacional de Desenvolvimento Economico e Social (BNDES).(Brazil)(Brief Article)
BANCO NACIONAL DE DESENVOLVIMENTO ECONOMICO E SOCIAL (BNDES), the Brazilian development bank, financed corporate investments aimed at finding alternative energy sources. Companies eligible for up to . . .

Brazil received US$1.3 billion from the International Monetary Fund (IMF).(Brazil)(Brief Article)
BRAZIL received US$1.3 billion from the International Monetary Fund (IMF), a portion of a $40.2 billion stand-by agreement. In a statement, the IMF lauded Brazil's fiscal reforms. . . .

Argentina received US$3.1 billion from the International Monetary Fund (IMF), as part of a $13.3 billion stand-by agreement appr
ARGENTINA received US$3.1 billion from the International Monetary Fund (IMF), as part of a $13.3 billion stand-by agreement approved in September 2003, due to continued economic recovery. The IMF en . . .

Kill Bill Vol. 1.(Brief Case)(Brief Article)
After a six-year absence, director Quentin Tarantino is back with Pulp Fiction star Uma Thurman as a martial-arts assasin who decides to kill those who killed her fiance. Now on DVD. . . .

Oryx and Crake.(Brief Case)(Book Review)
Oryx and Crake, Margaret Atwood A hermit seeks refuge from high technology after big corporations have turned the future world into a desert wasteland through uncontrolled genetic engineering. A p . . .

The Leadership Pill.(Brief Case)(Book Review)
The Leadership Pill, Ken Blanchard An executive takes a leadership pill, and his rival takes nothing. Which one wins? The one who didn't take a pill. Blanchard reveals the secrets of business lead . . .

Nice Girls Don't Get the Corner Office.(Brief Case)(Book Review)
Nice Girls Don't Get the Corner Office, Lois P. Frankel A guide for women on how to climb to the top in the corporate world, plus career mistakes and how to avoid them. Pocket version: If you want . . .

Beating the system.(Book Review)
Perfectly Legal By David Johnston Penguin Group US$25.95 It has practically become a cliche: Latin America is poor because of endemic corruption, while the United States has prospered due to its t . . .