_Economy and Finance

March 06, 2013 Chile’s Paradox of Prosperity The country’s economy is thriving, but rising expectations and gaping inequalities sap the popularity of President Sebastián Piñera’s conservative government. By Jonathan Kandell Thirty years ago, as Latin America was succumbing to the debt crisis, few nations suffered as much as Chile. The country still bore the scars of the bloody military coup that claimed the lives of former president Salvador Allende and some 3,000 supporters a decade earlier. The debt crisis hit when the economy was undergoing wrenching change from the radical free-market policies pursued by the regime of General Augusto Pinochet. The results were painful: Economic output collapsed by 14 percent in 1982, unemployment soared to more than 30 percent, nearly half the population lived below the poverty line, and the current-account deficit was running at a rate of 12 percent of GDP. http://www.institutionalinvestor.com/Article/3163684/Chiles-Paradox-of-Prosperity...

http://www.institutionalinvestor.com/ Chile’s Piñera Sees a New Era of European-Latin American Relations President says region’s economic strength will enable Latin leaders to discuss trade and investment as equals with their EU counterparts. By Jonathan Kandell

http://www.investmenteurope.net/ Peru, Chile and Mexico are Societe Generale's favourites for LatAm investments By: Chiara Albanese 27 Nov 2012 Despite the global slowdown, favorable domestic conditions have supported the growth of Latin America's most open economies, such as Peru, Chile and Mexico, and forecasts suggest strong capital inflows for 2013 which will fuel credit growth, according to Societe Generale.

Chile: CPI inflation surprised to the upside in October lifted by food prices Florencia Vazquez - Market Economics Latam Macro Snapshot | 08 Nov 2012 21:14 | Consumer prices were reported to have advanced 0.6% m/m in October, a result that stood visibly ahead of both our forecast and the median estimate from the Bloomberg survey (both: 0.3% m/m). The annual inflation rate accelerated to 2.9% last month, but remained slightly below the 3% official target.

Mexico: Inflation Downtrend Has Begun Nader Nazmi - Market Economics Latam Macro Snapshot | 08 Nov 2012 15:52 | Annual inflation fell from 4.77% in September to 4.60% in October (BNP Paribas: 4.64%). This is supportive of our view that inflation peaked in September and will fall towards our end-year 2012 projection of 4.04% in Q4 due to a more favourable base effect as well as lower food inflation.

Chile: 2012 GDP forecast revised up on surprisingly strong Q3 performance BNP PARIBAS Florencia Vazquez - Market Economics Latam Macro Snapshot | 05 Nov 2012 14:39 | The monthly proxy for real GDP advanced a strong 4.6% y/y in September. The reading stood modestly ahead of our forecast and visibly above the median estimate from the Bloomberg survey (4.2% and 3.2% y/y, respectively).

Bloomberg Hedge Funds Make Wrong-Way Bets for a Fourth Week: Commodities By Joe Richter - Mar 25, 2012 9:21 PM Hedge funds wagered the wrong way on commodity prices for a fourth consecutive week, boosting bullish holdings just before reports showing a contraction in manufacturing from China to Europe drove prices lower.

Bloomberg China Soft Landing May Be Hard for Commodity Exporters By Bloomberg News - 2012.03.25 06:41 PM The good news: China’s government will engineer a soft landing. The bad news: Even a soft landing is painful for industries that have become dependent on the world’s fastest-growing major economy as their main profit engine.

BRAZIL The manufacturing PMI survey continued to decline, sliding to 49.0 in June from 50.8 in May, after a recent peak of 54.6 in February, and falling below the 50.0 mark for the first time since late last year.

BNP Paribas : BRAZIL The unemployment rate in May was 6.4%, unchanged from April and in line with the consensus view. On a seasonally adjusted basis, the unemployment rate rose to 5.9% from a record low 5.8% reached in April. Both the payroll and the labor force expanded in May, by 0.4% m/m s.a. and 0.3% respectively.

Related News: Economy · Asia · China · Finance · Real Estate · Africa · Canada · Europe · Latin America · U.S. · Bonds · Currencies · Middle East · Japan · U.K. & Ireland · Insurance · Funds · Commodities · India & Pakistan ‘Perfect Storm’ May Threaten Global Economy By Shamim Adam - Jun 13, 2011 8:58 AM GMT+0900 A “ perfect storm ” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.

Related News: U.S. · Commodities · Canada · Latin America U.S. Wheat Harvest May Be Worse Than Forecast By Whitney McFerron - May 18, 2011 5:37 AM GMT+0900 Wheat crops in the U.S. Great Plains are showing signs that production may plunge more than the government forecast last week as hot weather and a lack of rain erode plant quality and force farmers to harvest early.

Related News: Bloomberg , Economy , Africa , Australia , Europe , Latin America , Middle East , Opinion , Emerging Markets , Energy Markets , Finance , Commodities Commodities Trading Is Banking’s New Battleground: Commentary Matthew Lynn By Matthew Lynn - May 10, 2011 8:00 AM GMT+0900 Bloomberg Opinion Forget bonuses. Don’t worry about bailouts. That’s all history. The battleground that matters most for the banking and finance industry right now is the profits it is making from commodities trading.

Related News: Economy · Finance · Law · Eastern Europe · Europe · France · India & Pakistan · Latin America · U.K. & Ireland · U.S. · Opinion · Funds · Municipal Bonds · Matthew Lynn Portuguese Bailout Costs More Than Money Alone: Matthew Lynn By Matthew Lynn - Mar 29, 2011 8:00 AM GMT+0900 Bloomberg Opinion Is it 50 billion euros? Or perhaps 70 billion euros? The cost of bailing out Portugal varies according to who makes the calculation. No one will know the real price until officials from the International Monetary Fund and the European Central Bank tell us.