Lehman effect on Panama

The fall of Lehman Brothers and the sale of Merrill Lynch shook stock markets all over the world.

Tuesday, September 16, 2008

These announcements have caused a general fall in the international markets, however, the Panama Stock Exchange did not react to these events. As a matter of fact, it closed with a 1.31% increase.
The Banking Superintendence of Panama believes that it is to early to measure the impact that this new thrust in the sub-prime (or high risk mortgage) crisis will have on the financial system.

More on this topic

Stocks Plunge Again; Dow Under 9,000

October 2008

A late-day decline once again pushed the markets down sharply, with the Dow falling more than 600 points.

The Dow Jones industrial average lost 678.91 points, or 7.3 percent, on the day, while the broader Standard & Poor’s 500-stock index ended down 7.6 percent. The technology-heavy Nasdaq was down 5.47 percent.

Panama "has not been infected"

October 2008

"Our banking system is one of the strongest in the world," emphasized Carlos Vallarino, Comptroller General of the Republic.

To back up his statement he said that they currently have 63.6 billion dollars in assets, "very high" liquidity at around 24%, and a comfortable equity and capital adequacy of 14%.

The Lehman effect on Costa Rica

September 2008

Analysts and economic gurus are forecasting a dark future for the Costa Rican economy, after the failure of Lehman Brothers.

Things could get worse with the announce on Sunday of the sudden sale of Merrill Lynch, in which the Central Bank of Costa Rica probably has some assets, to Bank of America.

The Lehman effect on El Salvador

September 2008

The Lehman Brothers bankruptcy will not directly affect the Salvadoran financial and stock market, but analysts point to effects on the macro-economy.

The critical session experience on Monday at the New York Stock Market Exchange and the main stock exchanges in Europe, Asia and Latin America, due to the Lehman Brothers bankruptcy and buy out of Merril Lynch, have caused economists and experts to consider the effects and slight repercussions on the Salvadoran economy.

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


ATENAS: 13 HA, 1.5 KM from Highway 27, US$ 11/m2

Prime Lake Front Real Estate near San Jose, CR Now Available for Development, an extraordinary commercial real estate opportunity.
A lush 32 acre/13 hectare plot located just West of the...

Stock Indexes

(Aug 18)
Dow Jones
-0.35%
S&P 500
-0.18%
Nasdaq
-0.09%

Commodities

(Aug 18)
Brent Crude Oil
52.410
Coffee "C"
131.70
Gold
1,285
Silver
16.95