Posts Tagged ‘BRIC’

Nu au trecut mai mult de 2-3 ani de cand politicieni si analisti celebrii de prin toata lumea ne spuneau cu mare emfaza ca vremea occidentului, in frunte cu SUA a apus, si ca noile puteri economice si politice care se intrevedeau la orizont – Brazilia, Rusia, India si China, denumite generic BRIC, vor conduce si domina lumea.



Brazil’s real tumbled the most in 15 months after Finance Minister Guido Mantega said a weaker currency was good for local industry, deepening a selloff sparked by concern the U.S. will curb monetary stimulus.

The real depreciated 2.2 percent to 2.3925 per dollar at the close of trading in Sao Paulo, the worst performance among all currencies tracked by Bloomberg. The real lost 5 percent this week. Swap rates on the contract due in January 2015 rose 27 basis points, or 0.27 percentage point, to 10.33 percent.


SHENMU, China — As the Chinese economy boomed, few cities soared faster or higher than Shenmu, a community of nearly 500,000 in northwestern China.

Top luxury clothing stores in this city’s downtown were recording as much as $500,000 a day in sales. Tables at the best restaurants had to be reserved weeks in advance. The new Fortune Garden Club for the city’s business elite made headlines by paying $1 million for a king-size mahogany bed, to be used by members and their companions.


India’s currency and equity markets dropped sharply on Friday following new government restrictions that some say risk sending a panic signal rather than providing a long-term solution.

The rupee hit a new intraday record low, briefly surpassing 62 to the US dollar. The benchmark Sensex was down 4.1 per cent in afternoon trading in Mumbai at 18,572, its worst session since September 2011. The index tracked regional counterparts lower after data overnight showing weekly US jobless figures at their lowest since late 2007 fuelled talk the Federal Reserve could soon start tapering off its quantitative easing programme.


In an interview at Wall Street Journal’s Livemint, the legendary investor Jim Rogers says that he is shorting India…