Mexico poised for the biggest annual rally
in
Mexico
Posted January 25th, 2010 at 3:45 am
Mexico’s benchmark local bonds are poised for the biggest annual rally in four years after underperforming regional debt in 2009 as the economy recovers and the peso gains, Stone Harbor Investment Partners said.
The yield on Mexico’s 10 percent peso bond due in December 2024 may plunge about 40 basis points, or 0.40 percentage point, in 2010, to 7.80 percent, said Pablo Cisilino, who manages $11.5 billion in emerging-market assets at Stone Harbor in New York. That would be the biggest one-y...
One World Ventures, Inc. Opens New Office in Mexico
in
Mexico
Posted January 19th, 2010 at 12:51 pm
One World Ventures, Inc. (PINKSHEETS: OWVI) today announced the opening of its new facilities and offices in Mexico City, Mexico. "We're excited about the continued growth and demand of our products in the expanding Latin American market," said Stephen Prior, CEO of One World Ventures Inc. (OWVI). "The Latin American region represents a natural expansion of our growing business in the Americas. OWVI and Tutamen have experienced increased demand in the region and we are responding aggressively to...
Mexico Bank Loans To Grow Faster Than GDP
in
Mexico
Posted December 9th, 2009 at 3:32 am
Mexican banks will likely grow lending at a faster rate than the economy next year as Mexico bounces back from its worst recession since the 1995 peso crisis, according to a top industry executive.
"We estimate that credit will grow at a rate superior to that of the overall economy, but not reaching the level it had between 2006 and 2008," - Enrique Zorrilla, chief executive of Citigroup Inc. (C) unit Banamex, said at a press conference Tuesday.
Zorrilla said commercial and mortgage lending sh...
