As Mexico works to denationalize its oil and gas market after seven decades, billions of dollars in potential profits are at stake. But challenges remain.
Mars agreed to buy a significant portion of Procter and Gamble’s pet-food business for $2.9 billion in cash.
U.S. authorities have reportedly launched a criminal probe into whether Citi ignored warning signs about the $400 million fraud that took place in the banking giant’s Mexican division.
As Venezuela grapples with economic turmoil and widespread protests, a law that effectively prohibits companies from firing workers continues to limit the country’s economic competitiveness.
A federal grand jury is looking into Citigroup's compliance with the U.S. Bank Secrecy Act and anti-money laundering regulation.
Citigroup slashed its fourth-quarter and full-year profits by $235 million after the banking giant discovered fraud in a Mexican subsidiary.
The $6.4 billion of outflows from emerging market equity funds marks the largest cash exodus from these funds since August 2011.
Emerging Crisis? A full-blown emerging-market crisis would test the new regulations put into place to prevent a banking meltdown.
While the knee-jerk reaction is to blame the Fed for the recent turbulence in emerging markets, a closer look reveals a number of other factors.
Citi's exposure to Argentina appears to be manageable, but the bank could be pressured by contagion that infects other Latin American nations.