0 CommentsPosted: Friday 18/09/2009 06:11 by: Paul H
State controlled banking behemoth Banco de Brasil has been involved in a three way battle with it's private peers Itau-Unibanco & Banco de Bradesco for some time for dominance in the growing domestic banking sector. Having surpassed ITUB in the second quarter, mainly due to lower interest rates attracting borrowers, Banco de Brasil has now announced that is looking to change it's stance regards international stockholders.
0 CommentsPosted: Thursday 17/09/2009 08:28 by: Trader Mark
It is hard to take the Chinese data at face value, much like in the U.S., (any country that can have nearly double digit revenue growth while their electricity usage falls has a magic trick I'd like to see), but the most important data point in my eyes at this point is loan growth.
0 CommentsPosted: Tuesday 01/09/2009 10:31 by: Paul H
Brazilian banks have been on a tear this year, with both Itau-Unibanco & Banco de Bradesca returning more than 100% year to date. As the "B" in BRIC, Brazil is thought by economists to be coming out of it's recession, with The Economist stating that the country could see a return to 4%-5% in 2010, as Brazil is less dependant on the US as an export market & is forging ties in Asia, notably with China on energy accords.
0 CommentsPosted: Monday 24/08/2009 19:13 by: S S Cheema
So we have the same situation wherein the FIIs are having a ball of the time purchasing and the DIIs seem to have resigned to the idea that the upswing is here to stay and it is best to board the bus. The run up seems to be here to stay for the time being atleast. The entire world is getting convinced that the upswing is there to stay. Mind you that if we do test 4700 this time around then it would be the third time this level will be tested and if it breaks – which is likely – then the upper limit is way up.
0 CommentsPosted: Tuesday 09/06/2009 10:30 by: Paul H
HSBC Insurance (Asia) Limited (HSBC Insurance) has received final approval from the China Insurance Regulatory Commission (CIRC) to launch a jointly held insurance company with Beijing-based National Trust Limited (National Trust).
0 CommentsPosted: Sunday 26/04/2009 22:48 by: Paul H
Following the merger between the number four and number two banks in Brazil last November, the newly forged conglomerate, Itaú-Unibanco (ITU) is the frontrunner in a race for consolidation in the Brazilian banking market.
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