Uruguay economy braces for growth
Besides its long-standing political and juridical stability, the richness of its natural resources and the high social and educational level of its inhabitants, a sustained process of economic growth experienced in recent years has turned Uruguay into the “jewel of the region”. The Oriental Republic of Uruguay, a small country located in the south east […]
Expanding Taiwan
Trying to find a success story in the financial industry from the past few years can be nearly as difficult as trying to untangle the global economic mess. With so many firms lying in ruin, it is a surprise to come across one that has managed not only to grow in its home country, let […]
Brazil markets continue surge
Foreign companies have increased their interest in the Brazilian market and domestic companies have finally found room to expand their activities overseas and become multinationals. Machado Associados started its activities in 1990, initially as a tax boutique. Its tax expertise came from the wide experience of its founders who had previously worked as partners in […]
Autonomy sees upside to 2011 EPS consensus
British software firm Autonomy said it was confident there was upside for earnings consensus for 2011, even after organic growth slowed in the third-quarter as some contracts were delayed. The company, whose software searches and organises unstructured information such as emails, phone conversations, documents and video, reported a 10 percent rise in revenue to $211m, […]
World stocks hit two-year high, led by emerging markets
World stocks hit a two year high on Thursday, touching levels not seen since September 2008 just after the collapse of Lehman Brothers. Emerging market stocks led the way, touching levels not seen since June 2008. MSCI’s all-country world index, a leading benchmark used by professional investors, was up 0.8 percent in the day at […]
Japan questions South Korea G20 leadership over FX
Japan has called into question South Korea’s leadership of the Group of 20 forum because of Seoul’s interventions to stem the won’s rise and insisted its own currency action was qualitatively different. “As chair of the G20, South Korea’s role will be seriously questioned,” Yoshihiko Noda told a parliamentary panel when asked about South Korea’s […]
HK stocks hit 2010 high on central bank easing hopes
Hong Kong stocks rose to a 2010 high on October 6 as investors poured money into local assets on expectations of another round of asset purchases by the US Federal Reserve to stimulate the economy weakened the dollar. Mainland banking shares, which have a large weighting on the benchmark index, joined the rally after sharply […]
BOJ reverts to zero rates, pledges to buy more assets
The Bank of Japan has pledged to pump more funds into the struggling economy and keep interest rates at virtually zero, surprising markets and stealing a march on the Federal Reserve in providing a fresh dose of economic stimulus. For months, the central bank had eschewed government calls for more decisive action, such as buying […]
GM posts gain amid still-slow US auto market
General Motors Co posted an annual sales gain of 10.5 percent in September amid evidence that the U.S. auto market remained stuck in a slow-moving recovery at the start of the fourth quarter. GM was the first of the major U.S. automakers to report sales for the month. Analysts and industry executives expect auto sales […]
Iraqi banks need $10bn in three years
Iraq has signed multi-billion deals with oil firms to boost output capacity to 12 million barrels a day in seven years. This could give Iraq the money to rebuild after decades of war, sanctions and economic degradation, opening opportunities to the banking sector in financing projects. Today, Iraqi banks are hardly lending to private companies […]
