Archive for December, 2009
Brazil stocks cap 2009 recovery with 83 pct gain
Reuters Brazilian stocks edged higher on Wednesday and posted hefty gains of about 83 percent for the year, underscoring the strength of the recovery in an economy viewed as an investor darling. The index’s 2009 gains of 82.66 percent stand in stark contrast to the Bovespa’s performance in 2008, when it plunged 41.2 percent, its [...]
Latin America Trade May Grow 15 Percent in 2010, Bladex Says
Bloomberg.com Latin American foreign trade will increase as much as 15 percent in 2010 as a global economic recovery and rebound in commodity prices bolster exports, according to Banco Latinoamericano de Comercio Exterior SA (Bladex). The Panama City-based bank, was created by Latin American central banks in 1979 to provide trade financing in the region [...]
India’s Shining Decade
Surjit S Bhalla in the Business Standard Two key conclusions emerge about Indian GDP growth. First, that this growth is now at a plateau level of 8-9 per cent. Second, that very soon, analysts and punters will have to change their Word documents to “India is the fastest growing economy in the world” rather than, [...]
US Retirees Flock to Mexico for the Sun and the Health Care
As I’ve said before, one of the big apportunities is for Indian hospital groups to do JVs with/buy out counterparts in Mexico, and Central America to cater to US retirees who either will choose to relocate to those regions full-time because of lower cost of living or will be traveling to those regions in increasing [...]
Essel Propack Completes Stake Sale In Overseas Arm
VCCircle Essel Propack Ltd, part of the $2.4 billion Mumbai-based Essel Group and the second largest manufacturer of laminated tubes in the world, has completed the process of sale of its investment in its overseas medical device business. The stake sale happened through its overseas subsidiary companies, said the company in its filing to the [...]
Brazil’s Cosan Rises as Sugar, Ethanol Prices Climb
Bloomberg.com Cosan SA Industria & Comercio, the world’s biggest sugar-cane processor, gained to a 15-month high as the price of the sweetener rose in New York and demand for fuel pushed up ethanol prices in Chicago. Cosan rose 3 percent to 24.40 reais in Sao Paulo trading, the highest level since September 2008. Sugar has [...]
Brazil’s Wind Power Auction Spurs More Clean Energy Development
Renewable Energy World While the United Nations Climate Conference (COP15) was taking place in Copenhagen, Denmark, Brazil’s National Electric Energy Agency (ANEEL) held the country’s first ever wind-only energy auction. On December 14, around 1,800 megawatts (MW) were contracted with energy from 71 wind power plants scheduled to be delivered beginning July 1, 2012. The [...]
Shortages propel tea, cocoa and other soft commodities prices to historic highs
Financial crisis or not, 3.5 billion people in India, China and Vietnam need to eat and drink every day – in an uncertain world, it is one of the few certainties. As they get richer, they will eat and drink more, no matter if according to some worst case scenarios, global stock markets entirely collapse [...]
Outbound deals to boost Indian M&A in 2010
For India, the awareness of opportunities in South America is quite low. Many senior Indian business executives I’ve spoken to admit that they have traveled 100+ times to the US and Europe, but not once to any part of Latin America. To me, being in the food business in India and having never traveled to [...]
JK Tyres to sell Tornel radials from Jan
Financial Express In a move that would heighten competition for French tyre major Michelin and Bridgestone in the Indian market, Delhi-based JK Tyres will soon sell radial tyres manufactured by Mexico’s Tornel — the company it acquired last year — in the Indian market. The tyres would be competitively priced at Rs 15,000-Rs 25,000 and [...]
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