Canada’s largest international bank, the Bank of Nova Scotia, has recently revealed that it is in exploratory talks with Spanish Banco Bilbao Vizcaya Argentaria (BBVA) to purchase up to 100 percent of its retail bank operations in Chile.
Five of Latin America’s six largest economies will be choosing new presidents over the next 15 months. With such a substantial potential for fundamental change across the region, emerging-market analysts are wringing their hands at some of the candidates garnering substantial leads in their respective races.
In both the United States and Europe, debt levels are climbing due to the peaking of private-equity activity. Low rates have encouraged leveraged transactions, for which the level of debt has increased with the rise in prices that investors are ready to pay.
Argentina’s legislative elections—slated for October 27, 2017—will be a de facto referendum on President Mauricio Macri’s economic-reform package. While slow to start, his shock-therapy approach appears to be bearing fruit as the country finally wrenches itself free of years of protectionist Peronism.
Despite the rise of synthetic fibres, cotton remains a major contributor to the textile market, with a share of about 40 percent. World production of this natural fibre is estimated at 30 million tons per year, with the main producers in 2016 being India and China, ahead of the United States and Pakistan.
The wealth-management sector has seen impressive growth worldwide over the past couple of years. In Asia and India, savings rates are high, and the richest are more and more numerous.