BRAZIL INVESTMENT NEWS

June 30, 2010 at 10:32 pm | Posted in Brazil, Economics, Financial, Research | Leave a comment

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BRAZIL INVESTMENT

BVMF News

bvmf@bvmf.com.br

Wed 6/30/10

Number 15, June 2010

Complete Version

Brazil Easy Investing” will allow foreign investors to order routing in their local currencies
BM&FBOVESPA and Chi-X Global are jointly developing an order routing software designed for the trading of Brazilian equities in foreign currencies.

Launch of five new Currency Futures Contracts in the BM&F segment for trading
Australian Dollar (AUD), Canadian Dollar (CAD), Japanese Yen (JPY), Pound Sterling (GBP) and Mexican Peso (MXN) contacts are authorized for trading.

DMA trading reaches historic levels in the BM&F segment
Derivatives trading via Direct Market Access (DMA) set a new record in May, with 20,949,961 contracts traded in 3,040,357 trades. Other records were set during the same period.

Bidding Process for the selection of a manager for the new financial ETF
Interested financial entities must submit their proposals by no later than July 19th. The winning bidder will be the entity that provides the highest value commitment.

Important agreement to stimulate the relationship between entrepreneurs and investors
The partnership of BM&FBOVESPA and São José dos Campos Technology Park hopes to establish a culture of entrepreneurship and innovation, through professional training.

Brazil elected as the most trustworthy country among the developing nations for doing business
A survey of investors from all over the world showed that they considered Brazil to be the developing country with the best corporative governance.

WFE Working Committee Meeting will be hosted by BM&FBOVESPA
BM&FBOVESPA will host the World Federation of Exchanges (WFE) Working Committee on July, 1st and 2nd, in São Paulo. Main topic to be discussed will be “Sustainable Investment” Corporate Sustainability Index (ISE) completes five years with enhancements to the next portfolio
The companies listed on ISE are recognized for their high level of commitment to sustainability and social responsibility.

MARKET RESULTS – BM&F Segment May 2010
The derivatives market segment totaled 52,063,826 contracts and BRL3.57 trillion in volume. The average daily trading volume in the derivatives markets was 2,479,230.

MARKET RESULTS – BOVESPA Segment May 2010
The equities market segment reached a total volume of BRL152.93 billion, in 10.261.145 trades, setting a new record, with daily averages of BRL7.28 billion and 488,626 trades.
BM&FBOVESPA international representative offices

Contact information:

New York:
Mr. Marcelo Gualda
Phone: 212-750-4197
e-mail: mgualda@bvmf.com.br

London:
Ms. Cathryn Lyall
Phone: 44-208-528-1082
e-mail: clyall@bvmf.com.br

Shanghai:
Mr. Guey Chien
Phone: 86-21-5037-2886
e-mail: guey@bmfrepo.com.cn

Sao Paulo:
Ms. Lucy Pamboukdjian
Phone: 55-11-2565-7010
email: lpambouk@bvmf.com.br

BM&FBOVESPA

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CAMBRIDGE FORECAST GROUP ESSAY: “CIVETS” AND “BRICS” AS THE NEXT LOCOMOTIVE OR ENGINE OF THE GLOBAL ECONOMY?

June 30, 2010 at 12:46 am | Posted in Brazil, China, Development, Economics, Financial, Globalization, History, India, Research, Russia, Third World, World-system | Leave a comment

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CIVETS:

Colombia Indonesia Vietnam Egypt Turkey and South

Africa

Globalization of the Economy

Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa will take over as the new BRICs, as Brazil, Russia, India and China were dubbed a decade ago.

Last decade, the term BRIC (Brazil, Russia, India and China) was used to refer to emerging markets with high growth potential.

In 2010, six more countries have been included in the rank of these emerging markets, and the group has been designated as CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa). Emerging markets are expected to grow three times faster than developed countries this year and are driving global recovery.

Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa will take over as the new BRICs, as Brazil, Russia, India and China were dubbed a decade ago.

“Each has a very bright future,” HSBC CEO Michael Geoghegan said of the CIVETS, named after the cat-like animals found in some of the countries. “Each has large, young, growing population. Each has a diverse and dynamic economy. And each, in relative terms, is politically stable.”

Geoghegan, whose bank is the biggest in Europe but is targeting emerging markets for growth, said the growing importance of countries also including Mexico, Indonesia and Turkey will continue the power shift away from traditional economic strongholds of Europe and the United States.

Emerging markets will grow three times faster than developed countries this year and are driving global recovery, he said.

“Within three years, for the first time, the economic firepower of emerging markets will overtake the developed world, measured by purchasing power parity. It’s a defining moment.”

The size of the emerging market middle class will swell to 1.2 billion people by 2030, from 250 million in 2000, he said.

That bodes well for financial services, as households tend to open bank accounts and ask for other products when income reaches about $10,000, Geoghegan said.

“Many Chinese households are about to hit this level. They number about 33 million now. But they will quadruple to 155 million by 2014. In India, the change will also be dramatic,” he said.


“Within three years, for the first time, the economic firepower of emerging markets will overtake the developed world, measured by purchasing power parity. It’s a defining moment.”

CIVETS:

Colombia Indonesia Vietnam Egypt Turkey and South

Africa

Globalization of the Economy

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