TOKYO – Several Japanese companies, including Fujifilm and Panasonic, will develop new low-cost products specially designed for emerging markets in South America and Asia, the daily Nikkei said Monday.
Faced with the fall in demand in its principal markets like the United States and Europe, Japanese firms have decided to target middle-class consumers in emerging economies like Brazil as a way of dealing with the global economic crisis, Nikkei said.
Click here to access this full story from the Latin American Herald
Showing posts with label LATAM. Show all posts
Showing posts with label LATAM. Show all posts
Monday, March 9, 2009
Monday, December 1, 2008
News Line:
Lima, Nov. 30 (ANDINA).- The China Development Bank (CDB) is interested in supporting infrastructure and agricultural projects in Peru as part of a cooperation agreement recently signed with Peruvian state-bank Banco de la Nación (BN).
"China Development Bank is very interested in infrastructure and agricultural projects that involve development of rural communities in Peru," BN general manager Julio del Castillo told Andina news agency...
Click here to access the full story from Andina.com
BRIC Shoppers Will “Rescue World” Says Goldman Sachs Economist – reports Bloomberg's William Mellor and Le-Min Lim
Dec. 1 (Bloomberg) -- The best hope to keep the global economy growing may be people like Wei Yufang. A peasant who farms a small plot beside the mud-brown Huaihe River in central China, Wei has a modest dream: to buy an air conditioner to give her family relief from the dusty heat that each summer envelops Xiaogang (Little Hill) village in Anhui province.
With economies from the U.S. to Japan in recession, Wei and the other 2.8 billion people in Brazil, Russia, India and China may provide the consumer demand needed to counter the slump.
Jim O’Neill, the Goldman Sachs Group Inc. economist who in 2001 coined the acronym BRIC from the initials of the four big emerging economies, says the faster growth investors have come to expect from these countries will survive this crisis. O’Neill, who is based in London, says the citizens of the BRIC nations are poised to spend more. “The BRIC consumer is going to rescue the world,” he says...
Click here to access the full story from Bloomberg LP
China, India Drop Inflation Controls as Economic Growth Slows – reports Bloomberg's Nipa Piboontanasawat and Thomas Abraham
Dec. 1 (Bloomberg) -- China and India lifted controls targeting prices of products from vegetable oil to natural rubber after inflation eased in the world’s fastest-growing major economies.
China today stopped requiring companies to seek approval for some food-price increases, the government said. India dropped a ban on futures trading in natural rubber, soybean oil, potatoes and chickpeas, the consumer affairs ministry said.
...
“For China, the main focus of the government is to boost economic growth and prevent deflation,” said Wang Qing, chief China economist at Morgan Stanley in Hong Kong.
In India, Prime Minister Manmohan Singh dropped a seven- month ban on futures trading in natural rubber, soybean oil, potatoes and chickpeas...
Click here to access the full story from Bloomberg LP
China's Manufacturing Contracts by Record on Exports – reports Bloomberg's Nipa Piboontanasawat
Dec. 1 (Bloomberg) -- China’s manufacturing shrank by the most on record and export orders plunged, adding to evidence that recessions in the U.S., Europe and Japan are dragging down the world’s fastest-growing major economy.
The Purchasing Managers’ Index fell to a seasonally adjusted 38.8 in November from 44.6 in October, the China Federation of Logistics and Purchasing said today in an e- mailed statement. A second PMI, released by CLSA Asia-Pacific Markets, also showed a record contraction...
Click here to access the full story from Bloomberg LP
Following visit Russian leader calls for bigger LATAM role
Russian president Dmitri Medvedev said he was very satisfied with his Latinamerican tour which took him to Peru, Brazil, Venezuela and Cuba because it enabled to re-establish strong links with the region.
...
“Latinamerica is a region developing fast, which has a concentration of significant intellectual and natural resources, and most important the peoples of the region want to cooperate with Russia”, added Medvedev
...
“We are prepared to increase political, economic and military cooperation with Latinamerican countries and their leaders, particularly in a world with so many security problems and challenges.” ...
Click here to access the full story from Mercopress
Wednesday, August 13, 2008
Peru -- Set to achieve highest economic growth in the region in 2008/09 reports the IDB
The Inter-American Development Bank (IDB) data and reports show that Peru’s GDP growth expectations rose from 7.8 to 8.3% in 2008, which makes Peru according to IDB calculations the country with the higest growth in the region for 2008.
Second for 2009, the IDB estimates Peru's GDP growth will be around 7% in 2009. If this holds, Peru will also achieve the highest growth in the region in 2009, but as always time will have to tell. With the current volatility in the global economy things may well change, especially considering Peru's over-dependence on certain key exports like Copper and Gold -- both of which have serverely retracted in price as of recent.
IDB growth calculations for other economies in the region for 2008 where as follows:
Uraguay ... 6.8%
Bolivia ... 4.78%
Argentina ... 7.2%
Chile ... 3.9%
Mexico ... 2.63%
Brazil ... (2008 not yet available by IDB)
Lets go Peru! Now lets see if Peruvian leadership will be able to show and actually convince the millions of poor people around its territory this strong growth will eventually bring them a better life.
A life with opportunities and all the other "nice," things the Peruvian's who shop here enjoy-->
Larcomar, Miraflores - Lima, Peru
But which the millions of people who live here, severely lack -->
Pueblo Joven (shanty town) in Lima, Peru
Second for 2009, the IDB estimates Peru's GDP growth will be around 7% in 2009. If this holds, Peru will also achieve the highest growth in the region in 2009, but as always time will have to tell. With the current volatility in the global economy things may well change, especially considering Peru's over-dependence on certain key exports like Copper and Gold -- both of which have serverely retracted in price as of recent.
IDB growth calculations for other economies in the region for 2008 where as follows:
Uraguay ... 6.8%
Bolivia ... 4.78%
Argentina ... 7.2%
Chile ... 3.9%
Mexico ... 2.63%
Brazil ... (2008 not yet available by IDB)
Lets go Peru! Now lets see if Peruvian leadership will be able to show and actually convince the millions of poor people around its territory this strong growth will eventually bring them a better life.
A life with opportunities and all the other "nice," things the Peruvian's who shop here enjoy-->
Larcomar, Miraflores - Lima, PeruBut which the millions of people who live here, severely lack -->
Pueblo Joven (shanty town) in Lima, Peru
Wednesday, August 6, 2008
Disappear for 12 days and things go a bit crazy... falling Metals drag down LATAM financials --
Latin American stock markets plunged Monday, led by a slide in Brazilian and Mexican equities as prices for resources sparked a broad sell-off and growing fears about the performance of the US economy. Brazil and Mexico markets fell to their lowest level in seven and six months, while in Argentina the Merval ended at a two year record low.
In Sao Paulo, the Bovespa dropped 3.5% to 55,609.07, its third consecutive decline. Shares of the market's heaviest-weighted stock, oil giant Petrobras tumbled 4.7%. Something similar happened with Companhia Vale do Rio Doce, the world’s leading iron ore mining giant which slid 7.2%.
Click here to access the full article from Merco Press
More comprehensive updates and analysis of past weeks events and where things may be heading to come. Need to play catch up with the world after 12 days in Brazil, with limited net, tv and media I could read (my Portuguese is not the greatest)
In Sao Paulo, the Bovespa dropped 3.5% to 55,609.07, its third consecutive decline. Shares of the market's heaviest-weighted stock, oil giant Petrobras tumbled 4.7%. Something similar happened with Companhia Vale do Rio Doce, the world’s leading iron ore mining giant which slid 7.2%.
Click here to access the full article from Merco Press
More comprehensive updates and analysis of past weeks events and where things may be heading to come. Need to play catch up with the world after 12 days in Brazil, with limited net, tv and media I could read (my Portuguese is not the greatest)
Monday, July 28, 2008
Council on Hemispheric Affairs -- China in L America- a partner, not a threat (so far)
Apologies on the lack of updates and coverage as of recent. I've been in transit from NYC --> Belo Horizonte and was stuck a few days without net or rather without easy access to the net in San Paulo.
Will be publishing from Belo Horizonte for the next few days.
China's Claim in Latin America: So Far, a Partner not a Threat By light years, Washington traditionally has held the upper hand when it comes to foreign influence on Latin America. Its hemispheric power-advantage rests on decades of security, trade, investment, and ideological connections. However, the era of globalization is now tearing down many of the world's hemispheric divides.
Latin America is rapidly diversifying its international relations as major regional powerhouses, such as China, increase their presence in the region. Many view China's growing influence in the western hemisphere as a challenge to the U.S.'s historic regional supremacy. However, the struggle for power and influence need not automatically reflect a winner-take-all competition, as both outside megaliths can benefit from China's presence in Latin America. China's Economic Expansion China's phenomenal economic growth in the past quarter century has helped motivate Beijing to globalize its industries.
From 1990-1998, China's average annual economic growth rate was 11.2 percent, compared to the world's average rate of 2.4 percent during the same time frame (China's Average Economic Growth Rate in the 90s Ranked 1st in the World 2000) and the country's growth rate is projected to remain above 8.5 percent for the next five years (Erikson 2008). Beijing's economic ties to Latin America have witnessed comparable growth: from 1993 to 2003, China's trade with Latin America increased by 600 percent (Xinhua News Agency 2004).
Chinese president Hu Jintao set the mark for increasing trade with Latin America to $100 billion by 2010, a goal easily met when trade surged to $102.6 billion in 2007, which represents a 42.6 percent increase from 2006 (Erikson 2008).
Click here to access the remainder of this analysis prepared by COHA Research Associate Jamie Heine
Will be publishing from Belo Horizonte for the next few days.
China's Claim in Latin America: So Far, a Partner not a Threat By light years, Washington traditionally has held the upper hand when it comes to foreign influence on Latin America. Its hemispheric power-advantage rests on decades of security, trade, investment, and ideological connections. However, the era of globalization is now tearing down many of the world's hemispheric divides.
Latin America is rapidly diversifying its international relations as major regional powerhouses, such as China, increase their presence in the region. Many view China's growing influence in the western hemisphere as a challenge to the U.S.'s historic regional supremacy. However, the struggle for power and influence need not automatically reflect a winner-take-all competition, as both outside megaliths can benefit from China's presence in Latin America. China's Economic Expansion China's phenomenal economic growth in the past quarter century has helped motivate Beijing to globalize its industries.
From 1990-1998, China's average annual economic growth rate was 11.2 percent, compared to the world's average rate of 2.4 percent during the same time frame (China's Average Economic Growth Rate in the 90s Ranked 1st in the World 2000) and the country's growth rate is projected to remain above 8.5 percent for the next five years (Erikson 2008). Beijing's economic ties to Latin America have witnessed comparable growth: from 1993 to 2003, China's trade with Latin America increased by 600 percent (Xinhua News Agency 2004).
Chinese president Hu Jintao set the mark for increasing trade with Latin America to $100 billion by 2010, a goal easily met when trade surged to $102.6 billion in 2007, which represents a 42.6 percent increase from 2006 (Erikson 2008).
Click here to access the remainder of this analysis prepared by COHA Research Associate Jamie Heine
Tuesday, June 24, 2008
Reuters -- "Era of Cheap Oil Over" -- IMF' chief Dominique Strauss-Kahn warns of looming threats from rising prices for LATAM
Using the great and free online personal finance management site "Mint," I have been able to monitor all my personal expenditures from my various bank accounts and credit cards.
Since the month of September, I've seen my expenditure on food increase roughly 20% and my gas expenditure has increased about 70%. Since August 2006, when I purchased the car, the cost of filling my tank has more than doubled.
If price rises are really hitting home in the United States, the cliche "world consumer," this pinch is definitely affecting the emerging world. IMF, chief Dominique Strauss-Kahn urged Latin American leaders on Monday "the rising threat of inflation in Latin America, urging policymakers to take steps to contain the shock to prices from energy and food."
He continues, explaining "The task for policymakers is to ensure that the initial impact of the supply shock on prices is contained and that macroeconomic policies successfully prevent higher inflation from becoming entrenched in expectations and wage demands"
“In the short term the challenge for Latin America is inflation. The region built credibility in the last decade and that credibility is now being tested”.
Strauss-Kahn's comments as the world as a whole attempts to fight inflation and ride the wave of problems resulting from the global credit crunch and sub-prime mortgage crisis in the US.
To view the full article from Mercopress in which I accessed Strauss's comments from click here
Reuters - Era of Cheap Oil Over
Since the month of September, I've seen my expenditure on food increase roughly 20% and my gas expenditure has increased about 70%. Since August 2006, when I purchased the car, the cost of filling my tank has more than doubled.
If price rises are really hitting home in the United States, the cliche "world consumer," this pinch is definitely affecting the emerging world. IMF, chief Dominique Strauss-Kahn urged Latin American leaders on Monday "the rising threat of inflation in Latin America, urging policymakers to take steps to contain the shock to prices from energy and food."
He continues, explaining "The task for policymakers is to ensure that the initial impact of the supply shock on prices is contained and that macroeconomic policies successfully prevent higher inflation from becoming entrenched in expectations and wage demands"
“In the short term the challenge for Latin America is inflation. The region built credibility in the last decade and that credibility is now being tested”.
Strauss-Kahn's comments as the world as a whole attempts to fight inflation and ride the wave of problems resulting from the global credit crunch and sub-prime mortgage crisis in the US.
To view the full article from Mercopress in which I accessed Strauss's comments from click here
Reuters - Era of Cheap Oil Over
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