Category Archives: Investment

Dam project shines light on little-known U.S. agency

AP – When the U.S. government backed construction of a new hydroelectric plant in southwestern Mexico, residents rose up and defeated a three-year, $30 million project supported by the little-known Overseas Private Investment Corp.

The fight opened a window into the impacts that residents sometimes encounter in developments backed by OPIC, a U.S. government agency with a low profile but global mission.

http://www.usnews.com/news/politics/articles/2015/01/30/us-backed-mexico-dam-project-triggered-protest-rare-defeat

Chinese-led consortium favorite to clinch high-speed rail project

South China Morning Post – Mexico has begun accepting new bids on a multibillion-dollar high-speed rail project, two months after the construction deal with a Chinese-led consortium was abruptly cancelled amid allegations of favoritism.

But the China Railway Construction Corp (CRCC) looks poised to clinch the contract again, even after its original winning bid was revoked, say sources with knowledge of the bidding.

http://www.scmp.com/news/world/article/1680222/chinese-led-consortium-favourite-clinch-mexico-high-speed-rail-contract

Mexico’s 100-year bonds boosted by U.S. Fed

Bloomberg – Holders of Mexico’s 100-year bonds, the world’s longest-maturity government debt, are one of the biggest beneficiaries of Janet Yellen’s patience. The nation’s $2.7 billion of dollar-denominated notes due in 2110 have gained 6.6 percent since Dec. 17. That’s pushed returns this year to 22 percent, the most among Mexican dollar debt and more than double the 9.3 percent average for emerging markets.

http://www.bloomberg.com/news/2014-12-31/mexico-s-one-hundred-year-bond-buoyed-by-yellen-patience.html