MADRID | By Francisco López | Ben Bernanke’s warning about a posible withdrawal of Fed monetary stimulus a year ago prompted a notable rise of premium risks and general drops in global stock markets, but deeper in emerging economies. And it indeed hit the so-called BIITS (Brazil, Indonesia, India, Turkey and South Africa). Today, stocks have recovered and stand at levels prior to the taper shock, although some collateral damages are there.
MADRID | By J. J. Fernández-Figares | According to Eurostat, the US became by far the largest foreign investor in the European Union (EU-28) during 2013, with a figure that triples 2010 data. For its part, the second largest foreign investor in 2013 was Brazil, with €21bn.
Brazilians are unified in their frustration with the government before the World Cup.
MADRID | By Francisco López | Argentina’s devaluation contagion pulled downwards such different assets as Brazil Stock Exchange, Argentinian or South African currency , or even Indonesia’s bonds. In Spain, the Ibex fell again by 1.1% losing 6.7% points in just six days, which means its hardest time in past twelve months. When panic spreads, investors do not consider each countries’ economic circumstaces individually.
SAO PAULO | By Marcus Nunes | In Brazil, policies that would make even an ‘advocate’ such as Krugman blush were implemented, with shameful results.
MADRID | This new project reinforces the global strategy of the company, with a backlog at the first quarter end of this year amounting to €4.87 billion, with more than 85% exports.
MADRID | GOWEX and Oi bilateral agreement allows users to benefit from their thousands of Wi-Fi points worldwide. Entering Brazil, a key country for GOWEX, is part of the company’s growth strategy of operating in 300 of the world’s major cities. Brazil is a great showcase for Wi-Fi due to the 2014 FIFA World Cup and 2016 Olympic Games venue.
Afi analysts issued today a simple but compelling chart showing Brazil is the main target of the more than €100-billion total exposure by Spain’s large companies in Latin America.
BARCELONA | By CaixaBank Research | Brazil’s GDP grows by a disappointing 1% year-on-year in the third quarter of 2012. Inflation fails to moderate and remains at 5.5%, above the central bank’s target.
Brazil’s economy grew by 0.5% in the second quarter. According to market expectations, an upswing in activity as from the third quarter should come in but there will also be more pressure on prices, CaixaBank research notes.