Brazil - Brazzil Mag - North Korea Missiles Scare Off Brazilian Investors
Advertisement
  Home arrow News arrow July 2006 arrow North Korea Missiles Scare Off Brazilian Investors Wednesday, 02 December 2009 
Main Menu
Home
News
Back Issues
Advertising
Contact Us
Brazil Forum
Magazine
Brazzil Classic
Yellow Pages
Classifieds
Images
BrazzilMag Newsfeed
Custom Search
Amazon Body Care
-------------
Brazil /Organic personal skin care wholesale / Brazil
--------------
Who's Online
We have 105 guests online
Latest News
Statistics
Members: 494
News: 11492
Web Links: 0
User Menu
Your Details
Submit News
Check-In My Items
My Comments
Login Form





Lost Password?
No account yet? Register
Most Read
Related Items
Contribution
Have you got news?

Do you have news, comment or story on Brazil you want to share with Brazzil? Just send it our way to brazzil@brazzil.com.

 
The Latest from Brazzil Magazine
Home
North Korea Missiles Scare Off Brazilian Investors PDF Print E-mail
Written by Linda Shea   
Thursday, 06 July 2006

Brazilian and Latin American market receded Wednesday, as investor jitters surrounding North Korea's missile launches pressured global markets. Mexico, meanwhile, is grappling with the tight outcome of its weekend presidential election.

Brazil's Bovespa Index tumbled 989.31 points, or 2.65%. Mexico's benchmark Bolsa plunged 814.87 points, or 4.01%, while Argentina's Merval Index negated 25.32 points, or 1.47%.

Brazilian shares, much like major markets worldwide, moved down on the day, as concerns about North Korea's missile launches spurred geo-political tensions and bolstered oil prices beyond US$ 75 a barrel.

On the economic front, the National Confederation of Industries, or CNI, reported that industrial capacity fell to 81.3% in May from 81.6% in the year-ago period, while month-over-month, capacity was up 0.3%.

Meanwhile, crude oil prices soared, hitting US$ 75.19, as problems at a Texas refinery, a postponement of talks between Iran and the European Union on nuclear issues, and the North Korean missile launch combined to prop up crude oil prices.

On the corporate front, state-run oil firm Petrobras intends to import 20 million cubic meters of liquefied natural gas a day by the year 2011. To reach this goal, the firm wants to buy or lease two floating LNG re-gasification vessels.

Elsewhere, Luxembourg-based Arcelor said that its planned takeover by Mittal Steel does not mean that Mittal must make an offer for Arcelor's Brazilian subsidiaries.

Within the airline group, a major investment firm lifted its share price targets for Brazilian airlines TAM and Gol due to favorable fundamentals.

Mexican shares also took a cue from Brazil and U.S. market declines; however, it is likely that local politics played the biggest factor in today's slump.

Following Sunday's presidential election, a distinct winner is still in question, which is likely to support market volatility until the issues is resolved. Preliminary results showed that conservative presidential candidate Felipe Calderon was ahead of Andrés Manuel Lopez Obrador by less than one percentage point.

The Federal Electoral Institute, or IFE, today began the official tally of the results, but the process is expected to last several days. By today's market close, and 45% of the official tally complete, the tables have turned with Lopez Obrador holding 37% of the vote and Calderon 34%.

Argentine issues also took a tumble, partly due to profit-taking. In economic reports, according to the national statistics agency, or INDEC, the consumer price index rose 0.5% in June, matching April and May's results.

Thomson Financial Corporate Group - www.thomsonfinancial.com

Hits: 5513
Comments (0)Add Comment

Write comment
quote
bold
italicize
underline
strike
url
image
quote
quote
smile
wink
laugh
grin
angry
sad
shocked
cool
tongue
kiss
cry
smaller | bigger

security code
Write the displayed characters


busy




Reddit!Del.icio.us!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Newsvine!Furl!Yahoo!Ma.gnolia!Add this social bookmarking functionality to your website! title=
 
< Prev   Next >
Brazzil Magazine on Twitter


Visit Brazzil Social with Video, Music and Chat


Home
Brazzil Magazine - Since 1989 trying to understand Brazil
  • Brazil Engaged in Another Olympics: Reshaping Its Image Before Games Open


    Economist's cover on BrazilBrazil received a huge boost in its international image with its selection as the host of the 2016 Olympics, but it was really just the cherry on top of the overall recognition of the country's ascension to the ranks of one of the world's most important countries. Now, as it finally takes its place on the world scene, there has been a great deal of concern about what kind of image Brazil hopes to project, now that the world is really paying attention.

  • Iranian Leader's Visit to Brazil Takes the Gloss off Lula's International Image


    Ahmadinejad meets LulaThe only good thing to say about the visit to Brazil of Iran's president, Mahmoud Ahmadinejad, on Monday November 23, is that it was mercifully short and lasted less than 24 hours. Ahmadinejad had his picture taken being hugged by president Luiz Inácio Lula da Silva who gave him a warm welcome and said Iran had every right to develop nuclear energy for peaceful purposes.

  • Poor Women from Northeast Brazil Learn Joy of Meeting and Helping Each Other


    Joined hands The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area.

  • Ahmadinejad's Visit: Iran, Honduras and Brazil's Hypocrisy in Dealing With Them


    Ahmadinejad and Lula The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy.

  • Lula Is About to Fulfill His Wish of Getting His Good Friend Chavez in Mercosur


    Lula and Chavez On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil.

  • Denying Education is the Other AIDS. And Brazil Is Guilty of Inflicting It


    Children from a Diadema band Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms.

  • Child Labor Went Down in Brazil, But 5 Million Underage Workers Are Still Way Too Many


    Child labor in Brazil One hundred and eleven years after Brazil abolished slavery, the number of workers deprived of their freedom is still huge. They raise cattle, produce charcoal, sugar cane or timber. Some of them, most undocumented Bolivians, work in basements of small apparel factories in São Paulo and other metropolis.

  • Some Humility Would Do Lula Good. On Human Rights Brazil Has Long Way to Go


    A prison in Rio de Janeiro, Brazil On November 7, 2009 a few friends and I had an opportunity to take a look inside a Brazilian jail outside the city of Rio de Janeiro. We were able to take some amateur footage of our experience on video (see link below). It's no surprise, of course, that the typical Brazilian jail lacks some of the functionality of those in North America or Europe, but our experience that day was quite shocking.

  • Brazil's Amazon Rainforest Policy Is a One-Way Road to Disaster


    Trasamazonian road in BrazilDepletion of the Amazon Rainforest is not a new concern facing environmentalists, biologists, ecologists, and a growing number of the Amazonian indigenous peoples. For decades they have feared for the fate of the world's most biologically diverse and species-rich hothouse.

  • Geisy, Brazil's Miniskirt Student, Should Try US College Next Year


    Geisy Arruda from BrazilGeisy Arruda made history this week in Brazil, but for all the wrong reasons. What began as a poorly planned fashion statement has become a worldwide tale. Geisy decided to wear a pink mini-dress to her private college in São Paulo state, and after that, all hell broke loose.