Posted in Bolivia, Colombia, Ecuador, Latam, Latin America, Newswire, Peru, South America, South-South Cooperation, Venezuela, tagged 10-year notes, Boliva, Bonds, CAF, Colombia, Corporacion Andina, Ecuador, finance, Peru, raising money, South America, south-south, The Andean Development Corporation, u.s. treasuries, Venezuela on May 28, 2009| Leave a Comment »
Corporacion Andina de Fomento sold $1 billion of 10-year notes, according to a person familiar with the transaction.
CAF sold the bonds to yield 4.5 percentage points above U.S. Treasuries, said the person, who declined to be identified.
[Source] — Bloomberg
Posted in Agricultural, Asia, BRIC Countries, Central Asia, China, Commodities, Commodity FP, Copper, Crude Oil, India, Industry Headlines, Newswire, Nuclear, Platinum, Rare Earth, Russia, Uranium, tagged Copper, corn, Crude Oil, energy, 金子, 铜, 银, Gold, India, kazakhstan, nuclear energy, palladium, platinum, Russia, south-south, South-South Energy Cooperation, Uranium, 原油, 商品, 天然气 on May 26, 2009| Leave a Comment »
[Uranium] — India Bids for Stakes in Russian, Kazakh Uranium Mines to Fuel Reactors
Nuclear Power Corp. of India is bidding for stakes in uranium mines in Russia and Kazakhstan, and offered to build reactors in central Asia, Chief Executive Officer S.K. Jain said.
“We’re trying to achieve stakes in mines,” Jain said today in an interview at a Moscow nuclear forum organized by Rosatom Corp., the country’s nuclear holding company. The company is discussing buying into sites including the untapped Elkon deposit in Russia’s Far East, he added.
India, which suffers peak power shortages of as much as 17 percent, needs uranium to fuel 28 planned reactors and meet a target of adding 40,000 megawatts of nuclear generation by 2020. The second most-populous nation will seek an annual 1,500 metric tons of uranium for 60 years to fuel new reactors, Jain said.
“We’re exploring the possibility of a long-term partnership and not only for uranium supplies,” he said. India proposed building 220- to 500-megawatt reactors in Kazakhstan, which doesn’t yet have any nuclear power plants, he added.
[Crude Oil] — Crude Oil Advances as U.S. Consumer Confidence Increases, Equities Climb
Crude oil rose to a six-month high after a report showed that U.S. consumer confidence jumped to the highest level since September, signaling demand may rebound.
[Copper] — Copper Climbs in N.Y. as U.S. Consumer Sentiment Jumps Most in Six Years
Copper prices rose in New York and London after a report showed U.S. consumer sentiment jumped this month to the most positive since September.
[Gold] — Gold May Climb to Record $1,250, Standard Bank Says: Technical Analysis
Gold may target a record $1,250 an ounce as a continuation head-and-shoulders pattern may be forming within a longer-term trend, Standard Bank Group Ltd. said, citing trading patterns.
[Platinum, Palladium] — Platinum, Palladium Fall in New York on Weak Auto-Industry Demand Outlook
Platinum fell the most in two weeks in New York on concern that auto-industry demand for the metal will take longer to recover than other parts of the economy. Palladium futures also declined.
[Corn] — Corn Falls as Dry Spell Allows U.S. Farmers to Accelerate Delayed Planting
Corn fell, erasing an earlier gain, on speculation that Midwest farmers accelerated plantings delayed by rain, improving prospects for output in the U.S., the world’s largest exporter.
Posted in Asia, Brazil, BRIC Countries, Foreign Policy, India, Latin America, Newswire, Op/Ed Excerpts, South America, South-South Cooperation, tagged bilateral trade, Brazil, BRIC, ChennaiVision, CII International Trade Panel, Commodities, India, industry, Mumbai, south-south, South-South Cooperation, technology on May 21, 2009| Leave a Comment »
[South-South Cooperation] — Brazil, India — ChennaiVision
Mumbai, The bilateral trade between India and Brazil is targeted to reach USD 10 billion by 2010 in view of the new dynamics of South-South cooperation, accelerated by recession hitting the West, CII International Trade Panel Chairperson Harshbeena Zaveri said today.
”The bilateral trade between the two countries has grown from a mere 500 million US dollars in 2000 to 3.12 billion US dollars in 2007 and is targeted to reach USD 10 billion by 2010”, Ms Zaveri, who is also president of NRB Bearings Pvt Ltd said during a conference with the Brazilian industry delegation, that is visiting the to give an impetus to trade and investment.
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Posted in and Brazil, Brazil, BRIC Countries, China, Foreign Policy, Newswire, Sino-Latin American Relations, South America, South-South Cooperation, tagged beijing, Brazil, BRIC, China, cooperation, energy, exports, 贸易, 进口商品, Hu Jintao, imports, Lula da Silva, south-south, two-way trade, 出口货, 原油, 巴西, 中国 on May 18, 2009| Leave a Comment »
[South-South Cooperation] — China, Brazil — Al Jazeera
Lula arrives in China – [Reuters]Brazil’s president has arrived in China for three days of talks expected to focus on broadening ties between two of the world’s largest developing economies and moves to decrease their dependency on the US dollar.
The visit by Luiz Inacio Lula Da Silva is his second in 12 months, highlighting the importance of China which recently overtook the US as Brazil’s most important trading partner.
On Tuesday Lula will hold talks with his Chinese counterpart, Hu Jintao, as well as host a bilateral business forum and visit an aircraft factory.
Speaking ahead of the visit he said he was looking to the trip to promote “a new economic order”, while an official from the country’s foreign ministry said a theme of the talks would be a “reorganisation of the international scene”.
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Al Jazeera’s Tony Cheng reporting from Beijing says the main point of discussion during Lula’s visit will be on Brazilian energy resources which Beijing, with reserve funds to spare, was keen to exploit.
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Brazil’s two-way trade with China, one of the few economies still growing strongly despite the global crisis, reached $3.2bn in April, surpassing the $2.8bn trade total with the US.
So far this year, government data showed that Brazilian exports to China grew 65 per cent over the same period in 2008, rising from $3.4bn to $5.6bn.
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