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The Hummer Revolución: Venezuela's affluent class revs up spending

March 24, 2008

Analysis of:Venezuela's Take on U.S. Recession | newsweek.washingtonpost.com

It’s no secret that Venezuela is awash in oil revenues and public spending. Yet, out of the limelight of high gas prices and Chavista politics, the private sector silently grew faster than any Latin American economy at 8.2% last year. Even with a slight contraction in the oil sector, the overall economy expanded 8.4% and private consumption saw a 19% increase. Growth on this scale represents a tremendous opportunity for companies that have remained in Venezuela despite the inherent risk, or captured their spending abroad. Affluent Venezuelans, whether they have ties to the government or the private sector, are once again finding creative ways to spend and shelter their growing wealth in uncertain conditions.

Understanding How Remittance Market Fundamentals Will Affect Remittances and Banks

October 4, 2007

Analysis of:Mexico sees recovery in migrants’ remittances. | www.ft.com

Worker remittances constitute a critical flow of foreign currency into Latin America and the Caribbean. Remittances exceeded US$58 billion in 2006, greater than the total value of development fund inflows to the region. In at least six countries, remittances account for 10 percent of GDP. The market is so vast that it could easily accommodate new players and business models. Mexico accounts for roughly 40 percent of remittances to the region, and serves as an important barometer. In 2006 it reported only 15 percent annual growth and first semester 2007 data indicates virtually no growth.

What Can Affect Redecard?

September 12, 2007

Analysis of:Update 1 - Citigroup to record $400 mln gain on Redecard IPO | uk.reuters.com

Brazil's Redecard, a credit card processor and merchant acquirer is set to complete its IPO next week. The company is jointly owned by Citibank Brazil, Banco Unibanco, and Banco Itaú - the largest private bank in Brazil. The IPO is set for 140.8 million shares with an additional 35% in a greenshoe. The IPO could raise over $1.7 billion and would qualify as Brazil's largest IPO ever. What are some of the potential risks that Redecard could encounter and how would these affect the company? Jan Smith, Managing Partner of InfoAmericas, answers some of the most frequent questions asked to InfoAmericas since RedeCard started its roadshow in late May.

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