stocks ended the first quarter of 2012 strongly on Friday with
Brazil's Bovespa and Chile's IPSA posting their sharpest
quarterly gains since September 2010.
With fears of a European debt crisis easing and a slowly
improving economy in the United States, Brazil's Bovespa stock
index advanced 13.6 percent this quarter to 64,510.97.
Chile's IPSA stock index climbed 11.8 percent.
The Bovespa is likely to reach an all time high of 75,000
points by year end and Mexico's IPC stock index, which
logged a 6.5 percent gain this quarter, is expected to jump 13
percent from the 2011 close, according to a recent Reuters poll.
"There is abundant liquidity and interest rates are very
low. This is an attractive sign for the market," said Luciana
Pazos, wealth management chief at Mirae Securities.
Low interest rates in the U.S., Europe and Japan have
helped fuel the rise in riskier assets as investors flock to
higher-yields. The MSCI Latin America index shot
up 13.9 percent this quarter.
Bank deposits climbed by 1.7 percent in July to cross the SR1.5 tr
SEC awards Siemens largest SVC contract
Siemens, the global powerhouse which innovates the electrical world and operates in the fields of energy, infrastructure, industry and healthcare, signed two contracts with Saudi Electricity Company
Maritime sector contributed 4.6% to Dubai GDP
Dubai’s maritime sector directly contributs 4.6 per cent to Dubai’s GDP, or the equivalent of Dh14.4 billion, according to Sultan Bin Sulayem, Chairman of Dubai Ports, Customs and Free Zone Corporati
US delegation discusses SAGIA’s role
Saudi Arabian Investment Authority’s (SAGIA) value proposition for investors and the changes that have been made over the years to the registration process for international firms were highlighted at