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Mexican government will seek to buy Banamex

Location:

MEXICO

The move has further highlighted risks for international investors in Mexico under the administration of President Andres Manuel Lopez Obrador (AMLO), who appears to have…

Mexican banks may post another year of record profits

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MEXICO

AMLO’s government recently shelved a plan to buy part of the retail banking operations of Citigroup’s local subsidiary, Banamex -- a plan that had caused concern among bankers and…

Unstable Philippines power transition is likely

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PHILIPPINES

Rodrigo Duterte's decision to enter the 2016 Philippines presidential race.

Mexican banks face good year despite slower GDP growth

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MEXICO

The most high-profile news to come out of the sector in 2022 was Citigroup’s decision in January to sell its local retail operations, a process that is still ongoing.

Somalia's presidential vote may be delayed

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SOMALIA

The process of electing members to the two houses of parliament had the potential to trigger major political crises and violence, but so far the process has unfolded with less…

‘Groupthink’ will damage Turkish foreign policy

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TURKEY

Sanctions are triggered under the Countering America’s Adversaries Through Sanctions Act (CAATSA) by Turkey’s acquisition of two Russian S-400 air defence systems. Russia began…

Oil rush may destabilise Somali politics

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SOMALIA

Although production is not expected for another decade or so, initial signing bonuses and speculative futures are already influencing domestic political processes as foreign and…

New Mexico election officers will not end bias claims

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MEXICO

The councillors were elected overwhelmingly, by 399 votes to five. The eleven-member Council had been operating with only seven members since April, when the newcomers’…

Ecuador political crisis looks set to deepen

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ECUADOR

The move comes as lawmakers in the National Assembly push for Lasso’s impeachment, and suggests that he will go to desperate lengths to cling to power. The impeachment process now…

Sale of Russian oil giant is due before year-end

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RUSSIA

Rosneft's purchase of the Bashneft oil company prior to its own privatisation raises questions about the Russian government's commitment to market liberalisation, since the deal…