The Ibovespa is set for its best streak of monthly gains in four years after signs of faster growth in China boosted commodity producers and Eike Batista’s OGX Petroleo & Gas Participacoes SA rebounded from a record low.
Stocks climbed around the world and copper rallied as manufacturing in China and Europe expanded and prospects of an imminent strike on Syria faded. The yen weakened, bonds declined and crude oil fell for a third day.
Christopher Palmer, who manages $6 billion as head of global emerging markets at Gartmore Investment Management Ltd. in London, comments on demonstrations in Egypt. He spoke in a telephone interview on Feb. 2.
Lucia Rodriguez Ilaria figured it would be easy to get a big crowd together in Brazil’s largest city to demonstrate against BP Plc, the company responsible for the largest oil spill in U.S. history. The June 12 event in Sao Paulo was part of Worldwide Protest BP Day, an event organized in 52 cities across five continents that aimed to start a boycott of BP products. About 350,000 people signed on for the protest on Facebook.
Gartmore Investment Management Ltd.’s Christopher Palmer needed only a day in Rio de Janeiro to scout for investment opportunities while visiting Brazil six years ago. Now half a week in the city isn’t enough.
Banco Compartamos SA, the largest Mexican lender to the working poor, is attracting investors from Templeton Asset Management to Gartmore Investment Management as loan growth accelerates and the company seeks to expand abroad.
Brazil is losing to Mexico in the ranking of the world’s 500 most-valuable companies as economic growth falters in the South American country and President Dilma Rousseff’s interventionist policies erode investor confidence.
Emerging-market stocks rose for the first time in three days as Egyptian shares soared after the army deposed President Mohamed Mursi and Brazilian equities rebounded from the worst monthly selloff in four years.
Victor Hugo Barragan saw sales plummet 40 percent in the first nine months of 2010 at his homemade-ice-cream shop in Guadalupe, Mexico . A grenade blast that injured 14 people in the town’s central square in October - - the first drug-trafficking attack on the general public ever in this Monterrey suburb -- made a bad year even worse.