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Brazil Regulates Sale Of Medical Marijuana Products
Tuesday, December 3, 2019 - 4:55pm | 509Brazil has become the third Latin American country to regulate the sale of medical marijuana after Uruguay and Colombia. Mexico could soon follow the trend. On Tuesday, ANVISA (the National Agency for Health Supervision) announced it has unanimously approved the regulation of medical marijuana to...
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Regional Political Risk Could Be An Issue For This Emerging Market Bond ETF
Friday, November 22, 2019 - 11:30am | 537Geopolitical volatility is always a consideration when investing in emerging markets, whether the underlying asset is bonds or equities. Latin America is reminding investors of that fact this year and political upheaval in the region could weigh on a popular fixed income exchange traded fund. What...
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New Report Claims Latin American Cannabis Markets Show No Signs Of Near-Term Development
Tuesday, September 17, 2019 - 9:00am | 798Market research and cannabis consultancy company Brightfield Group on Tuesday released a report analyzing the current state of the Latin American cannabis market. The report focuses on looking at each country’s legislation, to assess their potential consumer markets. Too Green For The Green...
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Another Emerging Market Banks On Central Bank Help
Wednesday, August 28, 2019 - 10:01am | 490The iShares MSCI Mexico ETF (NYSE: EWW) is off nearly 3% amid concerns Latin America's second-largest economy is slowing, but like so many other economies around the world, developed and emerging, the central bank there is ready to act. What Happened Banco de Mexico cut rates by 25 basis points...
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COAC Recommends Bill To Boost Imports From Northern Triangle
Friday, August 23, 2019 - 4:29pm | 317The Commercial Customs Operations Advisory Committee (COAC) Rapid Response Subcommittee on Aug. 21 proposed that Customs and Border Protection (CBP) support a "Northern Triangle Trade and Job Promotion Act" to promote exports of apparel, agricultural products and other regional economic staples to...
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Another ETF Victim Of The Trade Wars
Tuesday, June 4, 2019 - 7:52am | 555Trade war-related carnage is not limited to U.S. and China equities. Stocks in other countries are being pinched, too, including Mexico. Equities in Latin America's second-largest economy were thumped last week amid news that the White House is targeting Mexico in a new round of new tariffs....
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Cannabis Execs Say Latin America Poised For Explosive Growth, But With Its Own Unique Challenges
Thursday, April 18, 2019 - 4:35pm | 896Cheap labor and optimum growing conditions have made Latin America an increasingly important player in cannabis cultivation. Impressive growth for legal medical and recreational cannabis companies in Latin America, where evolving consumer habits and regulatory change are driving...
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Aphria Special Committee Concludes LATAM Purchase Was Within 'Acceptable Range'
Friday, February 15, 2019 - 10:11am | 468Aphria Inc (NYSE: APHA) shares surged Friday morning when a Special Committee vindicated management in its LATAM Holdings acquisition and product quality. A Special Committee examining the assets found the LATAM purchase was “within an acceptable range as compared to similar acquisitions by...
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You Can Ditch Brazil But Keep Latin America With This New ETF
Thursday, November 1, 2018 - 12:36pm | 425Brazil is Latin America's largest economy. As such, it usually commands the most attention among investors evaluating the region's opportunities. Even supposedly diverse Latin America regional exchange traded funds are heavily allocated to Brazil. A ETF takes a unique approach, offering...
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Prohibition Partners Projects $12B Latin American Cannabis Market By 2028
Monday, October 15, 2018 - 4:31pm | 820Prospective investors in cannabis companies like Aphria Inc (OTC: APHQF), Aurora Cannabis Inc (OTC: ACBFF) and Cronos Group Inc (NASDAQ: CRON) should take another metric into account: the companies' Latin American presence. A new report from Prohibition Partners shows that the Latin...
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Stifel Upgrades Latin American E-Commerce Platform Mercadolibre After 'Transitional' Q2
Wednesday, August 22, 2018 - 2:54pm | 438Latin American e-commerce and payment company Mercadolibre Inc (NASDAQ: MELI) fell short on multiple metrics in its second-quarter report, but the worst is now behind it, according to Stifel. The Analyst Stifel's Scott Devitt upgraded Mercadolibre from Hold to Buy with an...
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Copa Holdings' 15% Decline Is Just The Beginning, Stifel Says In Downgrade
Friday, August 10, 2018 - 9:33am | 397Latin American airliner Copa Holdings, S.A. (NYSE: CPA)'s stock lost 15 percent through Thursday after the company's second-quarter results and guidance, but Stifel said in a downgrade note that investors should expect even more downside. The Analyst Stifel's Joseph...
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4 Reasons Why JMP Is Bullish On International Money Express
Monday, July 30, 2018 - 4:09pm | 443The bullish case for International Money Express (NASDAQ: IMXI), a financial technology company that facilitates money transfers from the U.S. to 17 countries in Latin America and the Caribbean, can be made for four reasons, according to JMP. The Analyst Analyst David Scharf initiated...
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5 Worst ETFs Of The First Half: Emerging Markets Pain
Monday, July 2, 2018 - 1:15pm | 1052The year is half over and at this point, it's accurate to say emerging stocks and the related exchange traded funds are struggling. The widely followed MSCI Emerging Markets Index is off 7.4 percent year-to-date compared to a gain of 2.5 percent for the S&P 500. Of the 20 worst-performing...
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MercadoLibre Downgraded On $53M Hit From Higher Brazilian Shipping Costs
Thursday, March 15, 2018 - 9:41am | 399Mercadolibre Inc (NASDAQ: MELI), an Argentinian e-commerce company with exposure to multiple Latin America countries including Brazil, faces a negative near-term catalyst that prompted Stifel to downgrade the stock. The Analyst Stifel's Scott Devitt downgraded MercadoLibre's stock...