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Peruvian exports to European Union can increase by 20 percent – 25 percent in 2006 due to the benefits provided in the exports agreement outlined by Peru and the EU, said Carlos Matheus executive director of Prompex. Matheus affirmed exports to the European Union currently represent 24 percent of Peruvian overall exports.

Mexico’s remittances have represented almost half of the increase registered in flows sent to developing countries, World Bank reported. According to the World Economic Outlook report by the institution, the amount received by developing countries is likely to reach US$167 billion this year. Of that sum, Mexico would get approximately US$18.1 billion. That does not only mean almost 11% of total flows, but also, according to the document, Mexico, India and China’s remittances represented more than half of the increase registered in such capitals between 2001 and 2005.

Mexico’s state-run oil monopoly Petróleos Mexicanos (Pemex) reported a record surplus of US$18,275 million between January and October 2005, up 20% year-on-year. In a report, the company said its hydrocarbon and derivative exports added US$26,020 million, while oil-product, petrochemical and natural gas exports totaled US$7,745 million in the same period. Exports between January and October exceeded by US$2,263 million sales abroad registered in the same months of 2004.

By AWKnowledge staff writer (MVR). 2005-11-18 AWKnowledge

This article appears courtesy of Institutional Investor

This article appears courtesy of Institutional Investor

The strong dollar results directly from relative interest rates. The current cycle will move upward till the housing bubble deflates and then reverse. Next Spring? After four more Fed hikes?

This article appears courtesy of Institutional Investor

This article appears courtesy of Institutional Investor

Invertia - Argentina Italian Banca Nazionale del Lavoro (BNL) confirmed it will leave the Argentine market despite its growing profits on such market, the bank said on November 14, 2005.

Publication: BIS - Business Information Systems

Publication: BIS - Business Information Systems