Latin Trade welcomed Juan Francisco Beckmann Vidal, chairman of Mexican tequila giant José Cuervo, to the 2017 ranking of Latin America’s 100 Most Powerful Businesspeople who operate in or with the region. The company’s initial public offering earlier this year raised $900 million, and was the first Mexican IPO since Trump took office. Cuervo has 30 percent of the global tequila market. See the full list at Latin Trade. Brazil’s BNDES swings to profit in first half State development bank BNDES, Brazil’s main source of long-term corporate lending, returned to profit in the first six months of the year after gains in the value of investment arm BNDES Participações SA’s portfolio offset a ramp-up of loan loss reserves and declining […]
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