Visit the global automotive industry news blog with Brazil automotive industry news and Mexico automotive industry news.





GlobalAutoTV
Click to watch Ricardo Castro-Garza -
Click to watch Ricardo Castro-Garza -
latin resources

Need an office in Mexico or Brazil? Office suites, meeting rooms, virtual offices, network access



free downloads
LATIN AMERICA: "Mexico signs eight new tax treaties" report

LATIN AMERICA: "Mexico signs eight new tax treaties" report. 5-page report by Ernst & Young.

proceed to download
eJournals







back to index backLATINtalk January,  2012


Foreign Direct Investment Surges in Colombia

Colombia’s peso rose to an almost four-month high after foreign-direct investment in the South American country surged and global demand for higher-yielding assets rebounded.

The peso climbed 0.5 percent to 1,837.40 per U.S. dollar from 1,846 yesterday. It touched 1,832.31 on Jan. 13, its strongest intraday level since Sept. 19. The peso has jumped 5.5 percent so far this year, the best performance among world currencies tracked by Bloomberg.

Foreign-direct investment jumped 56 percent to $14.8 billion in 2011 from a year earlier, with 82 percent going into oil and mining, according to preliminary trade balance data from the central bank released on Jan. 13. Gains in global stocks also helped boost the peso, said Julian Marquez, an analyst at Interbolsa SA, Colombia’s biggest brokerage. U.S. and European stocks rose as slowing Chinese growth added to speculation that monetary policy at the world’s second-largest economy will ease.

“Investment flows continue to be strong,” said Julian Marquez, an analyst at Interbolsa SA, Colombia’s biggest brokerage. “The upside of the local economy is that it continues to expand while other countries in Latin America have a different story to tell.”

The economy expanded 7.7 percent in the third quarter from a year earlier, the fastest pace since the fourth quarter of 2006. It may grow as much as 6 percent in 2011, the fastest pace since 2007, according to the central bank. Brazil’s economy, the biggest in Latin America, shrank in the third quarter for the first time in more than two years.

The yield on the nation’s 10 percent bonds due in July 2024 rose two basis points, or 0.02 percentage point, to 7.39 percent, according to the stock exchange. The bond’s price fell 0.195 centavo to 120.739 centavos per peso.

Source: NearShoreAmericas.com - GAI





previous page

go top
search our site


Loading

LATINtalk

Other articles from the same issue (January,  2012).

Is Brazil a car paradise?
play read on

Mexico’s Automotive Production and Exports Posting New Records in 2011
play read on

Mexico Sets Auto Production Record in 2011
play read on

Brazil Dealers Say 2012 Auto Sales To Rise 4.5%
play read on

Brazil retains its place as a top 5 global auto market
play read on

Emerging markets: Brazil undecided on EVs
play read on

Auto Theft at Record Levels in Mexico
play read on

Mexico Continues to Lead as Lowest-Cost Country for U.S. Outsourcing; U.S. Closing Cost Gap with China
play read on

Viewpoint: Mexican Manufacturing is Poised for a Comeback
play read on

As US-Mexico Trade Booms, Border Area Draws Jobs Away from China
play read on

China & Mexico: Fair Competition?
play read on

Brazilian economy overtakes UK's, says CEBR
play read on

Brazil & Mexico: Latin America's Two Biggest Economies Are Surprisingly Similar
play read on

Latin America Economy to Grow 3.7% in 2012, UN Panel Says
play read on

7 Challenges SMES face in Brazil
play read on

The NAFTA Play: Investing In Mexico In 2012
play read on

Mexico: Under-rated, Unloved and Underappreciated
play read on

Argentina: Challenges Ahead
play read on

Managing Public Affairs in Brazil
play read on

Importing to Brazil
play read on

Mexico: Increase to the Minimum Wages for 2012
play read on

Five Resources for Due Diligence in Brazil
play read on

Economists warn South America is too dependent on resources
play read on

Global Capital Confidence Barometer Brazil: Gaining momentum
play read on

If You're An Engineer, You Should Really Consider Moving To Brazil
play read on

Moving to Brazil? Warn Your Wallet
play read on

Brazil’s Got Talent But Don’t Expect a North American Mindset
play read on

Foreign Direct Investment Surges in Colombia
play read on

Proposed Data Protection Law in Brazil: The difficult balance between legal certainty and excessive regulation
play read on

Mexico: Rest periods during non-continuous working shifts
play read on

Latin American Education: Uruguay Best
play read on

Higher Education in Latin America 2011:The Burden of the Youth
play read on

Help Wanted: Booming Brazil Opens Its Doors To Foreign Executives
play read on

Latin America Update: global headlines
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120