AT&T Prowling for More Latin America Deals After DirecTV

October 8, 2014

10/08/14 Bloomberg

globe - south america - connections to worldEven after buying DirecTV and its 18 million subscribers in Latin America, AT&T Inc. (T) is on the lookout for more acquisitions in the region, which is growing 10 times faster than the U.S. The $48.5 billion takeover — inching closer to completion after DirecTV shareholders voted in favor — will give AT&T satellite-TV subscribers across Latin America, particularly in Mexico and Brazil. The deal will mark AT&T’s first push outside the U.S. in more than a decade, expansion that is crucial to driving growth as the domestic wireless industry becomes more saturated, according to Fitch Ratings.

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Mexico joins Latin American stock market (Mila)

August 20, 2014

08/19/14 BNAmericas

latin_americaLatin American regulators and the Inter-American Development Bank (IDB) have announced the addition of Mexico to the integrated Latin American stock market (Mila).

Following two days of meetings in Mexico and several months of discussions, supervisors from Chile, Colombia, Peru and Mexico signed a cooperation agreement aimed at joining the Mexican stock market to Mila.

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Kerry off to Mexico for Talks on Venezuelan Crisis

May 21, 2014

mexico-usa-flag-montageABC News, 05/21/14

The State Department said Wednesday the U.S. may have to take a larger role in trying to ease the crisis in Venezuela if a South American effort to broker talks between the government in Caracas and the opposition remains stalled. U.S. Secretary of State John Kerry was headed to Mexico to discuss potential next steps with officials there.

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Mexico’s reversal of fortune

January 17, 2014

Ancient Mayan pyramid, KukulcanReuters, 01/17/2014

In Latin America, this looks to be the year of Brazil — thanks to the impending World Cup and presidential elections. But with another lackluster year looming in emerging markets, fans of transformation, growth and investment potential should instead look to Mexico.

Brazil’s president, Dilma Rousseff, is expected to win a second term this year, and its soccer team stands a good shot at victory. But growth has slowed considerably. In the world’s seventh largest economy, reforms are stagnating and the country faces a possible ratings downgrade.

Mexico, by contrast, is in the throes of serious reforms. It will likely lead Latin America with at least 4 percent growth this year and an improving investment outlook. Standard & Poor’s recently boosted Mexico’s credit ratings because of energy reforms that the rating company trumpeted last month as a “watershed moment” for the country. It is becoming a story of inverted fortunes, as Michael Shifter and Cameron Combs of the Inter-American Dialogue recently wrote.

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Advisers Take Long-Term View on Latin America

November 21, 2013

Latin_America2The Wall Street Journal, 11/21/2013

Even though Latin America has been a laggard among developing markets this year, some advisers are convinced the resource-rich region is poised for a turnaround.

But instead of investing once again in Brazil–the 800-pound gorilla in the group–contrarian portfolio managers are finding smaller markets in Mexico and Chile as better bets to tap into Latin America’s long-term growth.

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Latin Migrants Shift Sights From U.S. to Neighbors

November 20, 2013

latin_americaThe Wall Street Journal, 11/19/2013

It sounds like the typical American dream for an immigrant: Each month, Marco Antonio Serna sends $500 to his parents, wife and 17-year-old daughter back in Colombia. Except Mr. Serna, 43 years old, didn’t migrate to the U.S. for work; he went to Chile, where he is employed at a small casino outside Santiago. “There’s a big community of Colombians here,” the former factory worker says.

In a noticeable and important shift in global migratory patterns, millions of migrant workers are no longer relying on the U.S. as heavily as they did for better-paying jobs that allowed them to send money home to families in Latin America, the Caribbean and Asia. Instead, they have moved more to developing economies, creating a shift in money transfers out of countries like Chile, Brazil and Malaysia.

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Remittances to Latin America recover – but not to Mexico

November 18, 2013

Advertisement for remittance services

Al Jazeera America, 11/16/2013

Remittances to Spanish-speaking Latin American countries have rebounded from their recent decline, a new study by the Pew Research Center shows, but the amount of money sent to Mexico has continued to fall, likely because the Mexican immigrant population in the U.S. has dropped dramatically since the 2007 recession.

The amount of money or other assets that migrant workers sent to Mexico, an estimated $22 billion in 2013, has fallen from a pre-recession peak of more than $30 billion.

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