Vacheron Constantin, the oldest Swiss watchmaker in continuous operation, plans to expand its sales network in China this year even as demand in the Asia Pacific region industrywide shows signs of easing.
Lucia Faro is working harder these days. For the past three years, the realtor was flooded with unsolicited calls from clients eager to buy apartments in Rio de Janeiro, the beachfront metropolis that will host the 2016 Olympics and some of Brazil’s 2014 World Cup games. Now, she is doing the calling, working her four phones most of the day, then organizing happy hours and advertising on social media sites to find potential clients.
Colombia’s peso rose to the strongest in a week amid bets the U.S. Federal Reserve will implement a third round of asset purchases to bolster the world’s biggest economy, leading to increased inflows into the South American country.
Federal Reserve Chairman Ben S. Bernanke said the central bank may decide to hold bonds on its $3.1 trillion balance sheet to maturity as part of a review of its strategy for an exit from record monetary easing.
Colombia’s peso rose to a 10-week high as companies repatriated profits from foreign markets before tax payments this month and on speculation the government is bringing in dollars it left overseas last year.
Colombia’s peso held near a two- month high as companies repatriated profits from foreign markets before tax payments this month and on speculation the government is bringing in dollars it left overseas last year.