Germany opposes UniCredit’s offer for Commerzbank, working to thwart the Italian rival’s acquisition of one of its largest banks. This stance pits Berlin against Rome and European regulators. UniCredit recently acquired a 21% stake in Commerzbank and seeks to increase it to 29.9%, nearing the threshold for a mandatory takeover bid. Germany’s opposition stems from […]
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LatAm’s Weekly Business Highlights: March 18-22
This week, Brazil and Colombia’s central banks and Mexico’s are meeting to discuss rates, with experts suggesting possible rate cuts in Brazil and Colombia based on economic signals. Brazil’s cenral bank might reduce rates by 50 basis points, citing a need for caution. Colombia could follow with a similar cut to 12.25%, keeping options open […]
Former Spanish minister: EU-Mercosur deal uncertain; recent summit described as ‘unclear’
José Manuel García-Margallo, former Spanish Minister of Foreign Affairs and currently serving as an MEP with the victorious Popular Party, voiced skepticism regarding the European Union’s (EU) capacity to secure a trade agreement with Mercosur prior to the advent of 2024. He expressed these views during the fifteenth Euro-Latin American Parliamentary Assembly in Madrid. The […]
Milei Gives His Strategic Reform Agenda a Second Try
President Javier Milei of Argentina has introduced a modified version of a significant economic reform bill, aiming to rejuvenate the country’s struggling economy. With inflation soaring above 275% and net foreign reserves critically low, this bill proposes privatizing some state entities and reducing state subsidies as key solutions. After its initial rejection by Congress, Milei, […]