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Caterpillar boosts US recovery hopes
The world’s biggest maker of earth-moving equipment and heavy duty engines is rehiring workers
Credit Suisse settles Brazilian insider trading case
Credit Suisse has offered to pay R$19.2m to Brazil’s securities commission to end an action over alleged insider dealing in shares of Embraer
Brazil sets 2% tax on capital inflows
Brazil has imposed a 2% effective from Tuesday on money entering the country to invest in equities and fixed income instruments. Direct investment in the productive economy will not be affected
Banamex dilemma for Citigroup
When Washington bailed out Citigroup last year, few could have foreseen that it would eventually put the bank’s Mexican subsidiary at the centre of a political storm
Citigroup might lose Mexican subsidiary
Mexico’s Supreme Court is this week set to probe a case that could potentially force Citigroup, the troubled US bank, to sell its profitable and highly prized Mexican subsidiary
Mexico is focus of global beer consolidation
Femsa’s decision to explore a sale of brands including Dos Equis, Sol and Tecate comes as both it and rival Grupo Modelo face the end of 25-year duopoly, as a result of InBev’s $52bn takeover of Anheuser-Busch
Warning of cut in lending to Latin America
The Inter-American Development Bank, the biggest source of development finance for Latin America, will have to slash its lending to the region by 60 per cent unless its members agree to stump up more capital, its president has warne
