Documental incredible de los paises – BRIC
Documental incredible de los paises – BRIC-episodio-1
Del canal Argentino – Infinito
My daily news radar (online subscriptions / searches) for all that is China – South America went off like wild fire today. Here’s some articles worthy giving a read.
Article 1: Russia Lends Venezuela $4 Billion in Return for Oil Projects - By Daniel Cancel of Bloomberg News
Russia agreed to lend Venezuela $4 billion through 2013 for defense spending in return for gaining access to heavy crude and offshore gas fields in the South American country.
Russia’s OAO Rosneft and OAO Gazprom signed a cooperation accord with Venezuelan state oil company Petroleos de Venezuela SA late yesterday at a ceremony in Caracas led by President Hugo Chavez and Russian Deputy Prime Minister Igor Sechin.
“We’re working on large-dimension projects from oil, gas and petrochemicals to finance, banking and trade,” Chavez said on state television.
Click here to read the full article direct from the Bloomberg
Article 2 = China’s JAC Motors to build plant in Brazil - By Vivian Pereira and Brad Haynes of Reuters News
To Note:
* 80 pct of capital will come from local SHC Group
* Government driving up the cost of imported carsBy Vivian
Pereira and Brad HaynesSAO PAULO, Oct 7 (Reuters) – The Brazilian operator of China’s JAC Motors brand announced a 900-million-real ($510 million) investment to build a factory producing affordable cars in the world’s No. 4 auto market.
JAC Motors will provide 20 percent of the capital, with the rest coming from the local SHC Group run by businessman Sergio Habib, SHC said in a statement on Friday.
The plant in Bahia state, expected to produce 100,000 vehicles annually beginning in 2014, will be the second producing Chinese-branded cars in Latin America’s largest economy, where authorities are pushing up the cost of imported cars.
Click here to read the full article direct from the Reuters News
Article 3: Friction between China & Bolivia
Bolivian energy minister alleges deception by Jindal Steel in big iron ore mining deal, courtesy of the Associated Press via the Washington Post
LA PAZ, Bolivia — A senior Bolivian official is threatening to end the government’s contract with India’s Jindal Steel & Power Ltd. over its alleged failure to meet investment commitments in a huge iron ore mine.
Energy Minister Jose Luis Gutierrez says Jindal deceived Bolivia in failing to honor its end of the biggest mining investment of President Evo Morales’ nearly six-year tenure.
Click here to read the full article direct from the Associated Press via the Washington Post
Article 4 = Ecuador firm wants to sell rice in the name of Gandhi - By Maneesh Chhibber of the IndianExpress.com
An Ecuador-based company has attempted to use the name and photograph of Mahatma Gandhi for marketing its rice. But an Indian lawyer has challenged the move before the Trademark Office of Ecuador. The case is scheduled to come up for hearing tomorrow.
According to Lalit Bhasin, who is also president of the Society of Indian Law Firms, the owner of the Ecuadorian company, Valverde Munoz, applied for grant of trademark for the name and label of “Arroz Gandhi” (Arroz means rice).
Click here to read the full article direct from IndianExpress.com
Article 5: Mitt Romney on Mexico, China and defense – By Dr. James M. Lindsay and courtesy of CNN News
Dr. James M. Lindsay you would think knows about the topic, as CNN makes a special point to note — Dr. James M. Lindsay is a Senior Vice President at the Council on Foreign Relations and co-author of America Unbound: The Bush Revolution in Foreign Policy, and whom writes his own blog, which you can access by clicking here.
By James M. Lindsay, CFR.org
Mitt Romney has taken exception to Rick Perry’s comment over the weekend that he would consider sending American troops into Mexico to help end the drug war raging there. Romney told the New Hampshire Union Leader that Perry’s suggestion is “a bad idea:”
Let’s build a fence first, and let’s have sufficient border patrol agents to protect it. And if the Mexican government wants us to help it with logistics, intelligence, satellite images, I’m sure we can provide the sort of support we provided in Colombia.
You can expect to hear more about Mexico at next Tuesday’s GOP debate. If Romney makes the Colombia comparison again, he probably should explain what the United States did there. Most people don’t know.
Click here to read the full article direct from CNN
Why India can and should become a counterbalance to China in Latin America.
Indian Prime Minister Manmohan Singh and Brazilian President Dilma Rousseff in a bilateral meeting, on the sidelines of BRICS Summit, at Sanya, Hainan, China on April 14, 2011. (photo: Indian PM's Office)
BY JAIME DAREMBLUM of the Latin Business Chronicle
The competition between China and India — the world’s largest dictatorship and the world’s largest democracy — will be a defining feature of 21st-century geopolitics. Because China opened its economy more than a decade before India did, the Middle Kingdom has a clear head start in the global battle for economic influence. Yet the South Asian giant is rapidly gaining ground on its northern neighbor, and over the long term its democratic system seems far more stable than the autocratic Chinese model. When assessing U.S. grand strategy in Asia, American policymakers view India as an important counterweight to China. Closer to home, India may also serve to balance Chinese economic clout in Latin America.
Click here to read the full article direct from Latin Business Chronicle
1. China Investments: Brazil Top Focus
Brazil and natural resources are the main focus for China’s investments in Latin America writes Kevin P. Gallagher
China’s foreign investment into Africa has been generating a great deal of controversy. Some argue that China is becoming the new colonial power over Africa, others see China as a key source of foreign exchange that may finally help spur long-run economic growth in Africa [...click above to access the full story].
2. India Exports to Latin America
Minister of State for Commerce and Industry Jyotiraditya Scindia has emphasised the need for a shift in export from northern hemisphere to southern hemisphere in line with south-south cooperation. He said that while advanced nations would show an import growth of around 0.9-1 per cent in future, developing economies would exhibit an import growth between 4.5 and 5 per cent.
Mr. Scindia was speaking at a function organised by the Federation of Indian Export Organisations here on Tuesday to present the Niryat Shree and the Niryat Bandhu awards 2008-09. The awards honour outstanding exporters, export promotion councils, commodity boards, export development authorities, banks and other agencies.
Highlighting the potential and complementaries of economies between India and Latin America, the Minister said India needed to augment its exports to Latin American countries as these were vibrant economies. “The government will chalk out a strategy to facilitate exports and investment after an in-depth study which will be commissioned shortly,” he added [...click above to access the full story].
Bloomberg reports, Tata Motors Ltd., the Indian owner of Jaguar and Land Rover, plans to begin selling its $2,500 Nano hatchback car overseas, Chairman Ratan Tata said.
The company plans to sell the world’s cheapest car in countries in Africa, Latin America and members of the Association of Southeast Asian Nations, Ratan Tata said at the company’s annual general meeting today. Tata Motors spends on average 30 billion rupees ($641 million) a year on new products and plants, he said, responding to a shareholder question.
Click here the entire article directly from Bloomberg
Bloomberg just published a fascinating article about the growth of inter-emerging market trade. I highly recommend read the complete story, direct from Bloomberg’s website. Below, CSA presents a few excerpts from the article, which highlight some of the exchange between fellow emerging markets.
“There are now massive trade connections within the emerging markets and they’re becoming increasingly important,” said King in a telephone interview. “It means in one sense the emerging world is protected from the worst ravages of the developed world.”
Shenzen-based Huawei Technologies Co., its biggest maker of phone equipment, had orders of $1.7 billion from India in 2008 and said in January that it will invest $500 million in its research center in Bangalore.
China Mobile Ltd. of Hong Kong, the world’s biggest phone carrier, is “interested in doing business in Africa,” where it can boost services in rural areas, Chairman Wang Jianzhou said in a June 26 interview.
Vale in 2009 acquired stakes in three copper projects, in Zambia, Africa’s largest producer of the metal, and the Democratic Republic of Congo. In April this year, the company agreed to pay $2.5 billion for iron ore deposits in Guinea, including assets the country confiscated from the Rio Tinto Group.
There is still scope for ties to strengthen. In a study released last week, the Washington-based Inter-American Development Bank concluded “massive bilateral trade” could develop between Latin America and India if tariffs are cut.
Click here to access the complete article from Bloomberg
RIO DE JANEIRO, Sep 1 (IPS) – The sixth ministerial meeting of the India-Brazil-South Africa (IBSA) forum agreed Tuesday in Brasilia to strengthen the dialogue between the three emerging powers in order to establish common positions on regional and international matters and boost South-South cooperation.
The IBSA forum was created in 2003 as a mechanism for political consultation and coordination and to bolster economic relations between India, Brazil and South Africa.
IBSA provides a platform for the three large multicultural and multiracial democracies from three different continents to engage in discussions on cooperation in areas like agriculture, trade, defence and culture.
The three countries have a total combined population of nearly 1.4 million people and a combined GDP of more than 3.2 trillion dollars.
At their meeting in the Brazilian capital, foreign ministers Celso Amorin of Brazil, S.M. Krishna of India and Maite Nkoana-Mashabane of South Africa said they hoped trade among the three countries would climb from 10 billion dollars last year to 25 billion by 2015.
In a joint statement issued at the end of the meeting, the ministers said the channel of dialogue that has been established should serve to broaden the collective voice of the South. They also called for regional cooperation mechanisms based on common experiences and complementarities.
Click here to read the complete article by Fabiana Frayssinet
[Source] — Inter Press Service News Agency (IPS)
[South-South Cooperation]
Russia will host the first summit of leaders from the BRIC countries of Brazil, Russia, India and China – the largest four emerging economies of the developing world.
The meeting represents a important milestone for the BRIC countries which have been at the forefront of global growth and foreign direct investment in emerging market in recent years.
As developed nations work to repair the crumbling global financial system, the BRIC countries will be financing their deficits, this is especially the case for the United States. Naturally, the BRIC countries are demanding a bigger role in the process of rebuilding the global financial system.
”This trip will expand mutual trust, work toward solutions on how to tackle the financial crisis, and solidify economic ties among the BRIC nations,” Li said, using the common term that is an acronym of the first letters of the four countries’ names.
“Goooooooo Team!” — BRIC LeadersOther highlights in the realm of South-South Cooperation which will come to pass in Russia next week during this little get together of the BRIC countries include:
- The 60th Anniversary of China-Russia Cooperation
- China and Russia will sign a variety of economic, trade and cultural cooperation deals during the visit
- The Shanghai Cooperation Organization, a China and Russia led organization of Central Asian States. The group includes the nations of Kazakhstan, Tajikistan, Kyrgyzstan and Uzbekistan.
Western observers, as reported by AP in this article, assert the group has served as a vehicle for Moscow and Beijing to limit Western influence in energy-rich Central Asia.
Personally, I don’t think Kazakhstan and Uzbekistan or any of those other countries mentioned above in Central Asia where at the top of the U.S. “to-do” list to woo until the war in Afghanistan. The comment no less holds true considering that times have changed.
- Leaders from Afghanistan, Mongolia, Pakistan and India have been invited and will attend the Shanghai Cooperation Organization as “observers”
That pretty much sums it up. Check back next week for more updates on this topic as the meet and greets begin in Russia. ChinaSouthAmerica will be keeping up to date and bring you all the drama as it unfolds.
Jim Rogers makes an real life appearance on CNBC and talks to the masses of finance news junkies in the United States.
CNBC’s website is bombarding readers with articles about this Jimmy Rogers interview. If you follow this site, or if you happen to keep your eyes and ears open for Jimmy Rogers in your daily information news sessions, you know he really is not saying anything he hasn’t said before.
Basic conclusion – when the reality of printing so much cash catches up with the major economies of the world, people are going to realize their stock gains are in worthless, debased currencies. When this happens, hard assets and the companies producing them will flourish. Demand for copper and steel are not going to disappear, but is just may greatly diminish for U.S. Bonds and Dollar assets if hyper inflation hits.
Get the picture?
[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.
