MasterFeeds: FW: The Colombian Matinal Venezuela, Gold, construction

Subscribe in a reader Add to Google Reader or Homepage

Jul 25, 2010

FW: The Colombian Matinal Venezuela, Gold, construction

Here’s a quick summary from Colombia’s InterBolsa on the day’s (financial) news in Colombia

The Colombian Matinal
- Venezuela, Gold, construction
News of the day

Venezuela: After the complaint to the OAS, the president of Venezuela broke
diplomatic relations with Colombia, third time in recent history. Definitely
trade will be the most affected sector, but as this kind of issues has been
the constant for a decade Colombian companies have diversified its export
markets reducing their exposition to Venezuela. During the first five months
of 2010 exports to Venezuela decreased 71.4% YoY, imports 49.3% YoY, and the
trade balance -73.8% YoY.

Coffee: The National Coffee Growers Federation president forecasted that the
country will produce 14 million (50 kilos) sacs in 2015 from the current
production estimate of 10 million sacs in 2010. Renovation of 500,000
hectares will be the key to increase production.

Construction: The national bureau of statistics (DANE) informed that in May
construction licenses grew 2.1% MoM (housing +3.4%, other +1.6%), 40.3% YoY
and 19.6% YtD. In the monthly comparison licenses for offices increased
494%, commercial space 63.8%, and warehouses 44.9%.

Gold: Marc Cutifani, CEO of AngloGold Ashanti, affirmed that La Colosa could
be the gold discovery of the decade confirming the huge potential of
Colombia. La Colosa is in the exploration phase and could be in operations
in 2017. Key figures of AGA in Colombia: exploration 11 million hectares
since 2003, investment US$200 million (2003 – 2010), budget US$300 mm
(2009 – 2011), 34% of the global budget was invested in Colombia.

Business confidence: The business optimism continues to rise, balance of
2Q2010 this year is positive, the survey shows that today 60.4% percent of a
total of 1,128 employers surveyed by Datexco in 12 major cities ensure that
their views on the situation in the country is improving, while only 12%
believe things will get worse in coming months.
EEB (Empresa de Energía de Bogotá): The board of Directors proposed an
approx. US$110 million reduction of the common capital. This decision
requires the approval of the shareholders.

No comments:

Post a Comment

___________________________________
Commented on The MasterFeeds

ShareThis


The MasterFeeds

MasterSearch

Categories

MasterFeeds News Finance china USA money stocks debt Commodities Gold United States Venezuela Dollars bonds Banks trading Markets economics FED Hedge funds Israel Oil Asia LatAm default credit metals Mining international relations russia central_banks CapitalMarkets HFT democracy zerohedge Euro Japan Silver elections India Iran Middle East SEC bailout Africa Europe Liberalism Trade UN bitcoin insider trading Agriculture FX Tech VC copper corruption real estate Brazil CoronaVirus ForEx Gold Silver Hamas NYSE Trump WeWork chavez food goldman Abu Dhabi Arabs EU Facebook France IPO Maduro NASDAQ Palestinians SWF TARP Turkey canada government ponzi recession revolution war Anti-Israel Cannabis Capitalism Citigroup Democrats EIA Hezbollah Jobs Lebanon NYC PDVSA Saudi Arabia Softbank Stats Syria Ukraine demographics socialism 13F AIG Advertising Berkshire Hathaway CBO Cargill Colombia Cryptocurrency ETF Ecuador Emerging Markets Eton Park Google Housing IMF JPM LME Mindich Mongolia OPEC PIIGS Pakistan Palantir Paulson Pensions Peru Politics Potash QE Scams Singapore Spain UK Yuan blockchain companies crash cybersecurity data freedom humor islam kleptocracy nuclear propaganda social networks startups terrorism Airlines Andorra Angola Apple Automobiles BAC BHP Blackstone COMEX Caracas Coal Communism Crypto DRC DSK Double-Dip EOS Egypt FT Fannie Mae Form Foxconn Freddie GM Gbagbo History ICO Iraq Italy Ivanhoe Ivory Coast Juan Guaido Lava Jato Libya London M+A MasterEnergy Mc Donald's Miami Mugabe Norway Norwegian Odebrecht Oyo PA PPT Panama QE2 Republicans Rio Ron Paul ShengNu Soleimani South Africa Tokens Tunisia UN Watch UNESCO UNHRC Uber VW Wyclef anti-semitism apparel bang dae-ho cash censorship chile clothing coffee cotton derivatives emplyment foreclosures frontrunning haiti infrastructure labor levi's mortgages philosophy shipping social media treasury women