Latin America
Back to homepageForbes: Brazil’s Booming Economy Is Creating 19 ‘Millionaires’ Every Day
Brazil has been adding 19 ‘millionaires’ per day since 2007 — and that statistic will likely be repeated over the next three years as Latin America’s economic super-power continues to deliver stellar GDP growth and consumption rates, according to bankers.
Read MoreCFI Top 25 Most Powerful Individuals in Emerging Markets 2012
Few will argue about Vladimir Putin being the most powerful man in emerging markets this year. On the back of his long term track record of domestic economic success and foreign policy strengths, he will soon be re-elected as President
Read MoreCFI Top 40 Billionaires in Emerging Markets 2012
The list is dominated by billionaires from the BRIC economies (65% out of the total number of billionaires). Of these, the Russian (and one Ukrainian) makes up more than half of the billionaires from BRIC economies and 38% of the
Read MoreIndonesia To Top “Happy Index”
Indonesian are the world’s most content people according to new research. Emerging markets and half of the BRIC economies (represented by India 2nd, and Brazil 4th) are top 4 in the recently published well-being or “Happiness” ranking. Mexico came 3rd.
Read MoreLet Mexico’s Moguls Battle
The Economist (04/02/12): Mexico suffers from two near-monopolies. It should let them fight each other IN A futuristic art gallery which Carlos Slim opened last year in Mexico City, visitors can enjoy, among other things, a hall of rare coins
Read MoreA New Generation of Banker
Brazilian Alessandra França, by no means fits the banking stereotype at only 26 she has already, established a bank for the poor after reading the biography of Muhammad Yunus, Nobel Peace Prize winner in 2006. By Marco dos Santos The young
Read MoreBrazilian Blowout Legally Labeled Carcinogenic … Will It Matter?
Amy Westervelt, Forbes (30/01/12): Last year women’s magazines and pop culture blogs were afire with the news that the popular Brazilian Blowout–an expensive salon treatment that promises to smooth and straighten hair for up to six months–released formaldehyde, a known
Read MoreBig Banks: Cure or Curse for the Global Economy?
Friday 27 January 2012, CFI with report from the World Economic Forum in Davos, Switzerland with anchor Bloomberg Television Key Points Banking reforms are still a work in progress – there is still a long way to go before the global
Read MoreCarlos Slim May Pour $14 Billion To Strengthen Latin American Cell Phone Empire
Ivan Castano, Forbes (24/01/12): The richest man in the world wants to make sure his cell-phone company America Movil, the largest in Latin America, remains that way. To do so, Mexican billionaire Carlos Slim Helu could invest at least $13.9
Read MoreBank of America Merrill Lynch on LatAm: Cutting Your Way Down
Latin America is also facing downward pressure on growth, and in our LatAm Macro Weekly (“2012- Keep it up, China, please!”) we believe activity is likely to slow to 3.3% from 4.1% in 2011. We also forecast a deceleration in
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