Euromoney (August Issue)
“Mexico’s strategy of diversifying its investor base is succeeding… following the sovereign’s multi-tranche samurai transaction which was priced on July 15 and included a 20-year tenor,” the first of any Latin American country. The highly oversubscribed placement also marked “the first emerging market sovereign to place a 20-year bond in Japan’s domestic market since 2008.”
Tags: 20-year tenor, Diversification, Emerging market, Investor base, Japan, Latin America, Mexico, Oversubscribed, Placement, Samurai bonds, Sovereign, Strategy
Euromoney (February Issue)
In Mexico, “cheaper electricity will lower manufacturing costs across the board, and the country could become a competitor in energy-intensive industries such as aluminum and steel production.” President Enrique Peña Nieto introduced sweeping reforms to liberalize the electricity and oil and gas sectors, prompting analysts to add “an extra 1.5% to future GDP growth rates as a direct consequence of the scope of these reforms and many say the risks are on the upside. Suppliers, contractors and a whole host of other industries will benefit.”
Tags: Aluminum, Analysts, Competitor, Contractors, Costs, Electricity, Enrique Peña Nieto, Gas, GDP, Manufacturing, Mexico, Oil, Reforms, Risks, Steel, Suppliers, Upside
The Economist (November 24)
Mexico is experiencing a boom as it benefits from economic trends. “Wages in Chinese factories have quintupled in the past ten years and the oil price has trebled, inducing manufacturers focused on the American market to set up closer to home. Mexico is already the world’s biggest exporter of flat-screen televisions, BlackBerrys and fridge-freezers, and is climbing up the rankings in cars, aerospace and more.” By 2018, America is expected to import more from Mexico than from any other country. “Made in China” is giving way to “Hecho en México”.
Bloomberg (March 6, 2012)
According to the Bloomberg Billionaires Index, Carlos Slim of Mexico is now the richest person on Earth, surpassing previous frontrunner Bill Gates. Warren Buffet rounded out the top three. “The combined net worth of the 20 richest people is $676.8 billion. Nine are Americans.” At number 11, Mukesh Ambani was Asia’s richest. Hong Kong’s Li Ka-shing and India’s Lakshmi Mittal also made the top 20.
According to the Bloomberg Billionaires Index, Carlos Slim of Mexico is now the richest person on Earth, surpassing previous frontrunner Bill Gates. Warren Buffet rounded out the top three. “The combined net worth of the 20 richest people is $676.8 billion. Nine are Americans.” At number 11, Mukesh Ambani was Asia’s richest. Hong Kong’s Li Ka-shing and India’s Lakshmi Mittal also made the top 20.
Tags: Asia, Bill Gates, Billionaires, Carlos Slim, India, Lakshmi Mittal, Li Ka-shing, Mexico, Mukesh Ambani, U.S., Warren Buffet
Wall Street Journal (February 22, 2012)
“China could face an economic crisis unless it implements deep reforms, including scaling back its vast state-owned enterprises and making them operate more like commercial firms.” A soon-to-be released report, titled “China 2030,” also warns that “China’s growth is in danger of decelerating rapidly and without much warning.” The report indicates that China, like Brazil and Mexico, will face a “middle-income trap,” which tends to snare developing countries that reach a threshold income level.
“China could face an economic crisis unless it implements deep reforms, including scaling back its vast state-owned enterprises and making them operate more like commercial firms.” A soon-to-be released report, titled “China 2030,” also warns that “China’s growth is in danger of decelerating rapidly and without much warning.” The report indicates that China, like Brazil and Mexico, will face a “middle-income trap,” which tends to snare developing countries that reach a threshold income level.
Forbes (March 9)
Worldwide there are now a record 1,210 billionaires. Combined, they are worth $4.5 trillion. You’re most likely to meet one in Moscow, but the world’s richest billionaire remains Mexico’s Carlos Slim who added $20 billion to his wealth, currently estimated at $74 billion. The U.S. hosts 413 billionaires. In China, the number of billionaires doubled to 115. Meanwhile, Japan is home to 26 billionaires, ranging from Masayoshi Son ($8.1 billion) to Yusaku Maezawa ($1 billion).
Tags: Billionaires, Carlos Slim, China, Japan, Mexico, Moscow, U.S.
The Economist (September 9)
Soon Mexico will celebrate 200 years of independence from Spain. Across Latin America, similar anniversaries are popping up. Yet, how much is there to celebrate? “Democracy may have replaced the dictators of old…but other Latin American vices such as corruption and injustice seem as entrenched as ever.” The Economist points out that economic progress has been “remarkable.” Between 2003 and 2008, the region grew at an annual rate of 5.5%. Growth paused during the economic crisis, but the region is again poised to register 5% growth in 2010. “After two centuries of lagging behind, the southern and central parts of the Americas are at last fulfilling their potential.” Now that’s worth celebrating.
Soon Mexico will celebrate 200 years of independence from Spain. Across Latin America, similar anniversaries are popping up. Yet, how much is there to celebrate? “Democracy may have replaced the dictators of old…but other Latin American vices such as corruption and injustice seem as entrenched as ever.” The Economist, however, points out that economic progress has been “remarkable.” Between 2003 and 2008, the region grew at an annual rate of 5.5%. Growth paused with the economic crisis, but the region is again poised to register 5% growth in 2010. “After two centuries of lagging behind, the southern and central parts of the Americas are at last fulfilling their potential.”Now that’s worth celebrating.
Tags: Economic growth, Latin America, Mexico
