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.
Yuan conversion cap may be lifted
The 20,000 yuan daily conversion cap should be lifted when the "Shanghai-Hong Kong Stock Connect" launches in six months, said Financial Services Development Council head Laura Cha Shih May-lung.
New Zealand Credit Card Spending Rises 1.3%
Total credit card spending in New Zealand jumped a seasonally adjusted 1.3 percent on month in March, the Reserve Bank of New Zealand said on Wednesday - coming in at NZ$3.062 billion.
Court lifts ban on iron ore mining in Goa
[MUMBAI] India's top court has allowed iron ore miners to resume operations in Goa state after imposing a ban 18 months ago for environmental violations. Goa accounted for about half of the country's
Citigroup said to be divesting 50 branches
[NEW YORK] Citigroup is seeking buyers for about 50 branches holding US$3 billion of deposits in California as the third-largest US lender pares brick-and-mortar outlets, said three people involved i