Latin America
America Movil Proposes One-Time Dividend, Larger Stock-Buyback Program America Movil SAB, Latin America’s
biggest wireless-phone carrier, proposed to pay a one-time
dividend of 32 centavos a share and buy back more of its stock,
even as it plans the region’s largest acquisition this year.
Vale's ADRs Cut to `Neutral' From `Buy' at UBS on `Disappointing' Results Vale SA’s American depositary
receipts were cut to “neutral” from “buy” at UBS AG, which
cut its valuation for the iron-ore producer to $32.70 from
$34.38 after “disappointing” fourth-quarter results.
OPEC President Pinto Aims to Reduce Oil-Price Speculation, Volatility OPEC President Germanico Pinto said
he will seek to reduce price speculation and volatility during
his term as leader of the oil cartel, adding to calls from the
U.S. to Europe for measures to minimize market swings.
Emerging-Market Stocks, Higher-Yielding Currencies Climb on China Exports Emerging market stocks rose,
erasing their losses for the year, and metal prices gained after
China said exports soared by the most in three years. The
British pound weakened as U.K. manufacturing contracted.
Brazil's Commodities Stocks to Lead 2010 Gains, Franklin Templeton Says Brazil’s commodities stocks are
expected to lead gains in 2010 with an expected pick up in the
U.S. economy, according to Franklin Resources Inc.
Emerging-Market Stocks May Drop 15% as Growth Slows, Aberdeen's Kaloo Says Emerging-market stocks will drop as
much as 15 percent this year as earnings miss estimates and
global growth slows, said Devan Kaloo, who oversees $22 billion
at Aberdeen Asset Management Plc.
Iron Ore Price to Gain 60% This Year on China, Steel Output, Goldman Says Iron ore contract prices may surge
60 percent to a record this year as demand from China increases
and steel production recovers in developed economies, Goldman
Sachs JBWere Pty said.
U.S. Recovery is Certain, Eurozone May Splinter, Says Wharton's Siegel Jeremy Siegel, a finance professor
at the University of Pennsylvania’s Wharton School, says the
worst is over for the U.S. economy and the Federal Reserve may
raise interest rates by year’s end to cool growth.
Brazil's Justice Ministry Fines Fiat, Orders Recall of Its Stilo Model Brazil’s Justice Ministry fined
Fiat SpA 3 million reais ($1.7 million) as the automaker failed
to recall its Stilo models to fix a problem with the wheels,
according to a statement posted on the ministry’s Web site
yesterday.
Brazil Homebuilder Even, Shareholders May Sell $357 Million of Shares Even Construtora e Incorporadora SA
and shareholders plan to sell about 632.5 million reais ($356.6
million) of voting shares in Brazil to fund investment.
Chile Quake to Cost $4 Billion to $7 Billion, Munich Re, Swiss Re Estimate The Chile earthquake, the fifth
strongest in a century, may cost insurers $4 billion to $7
billion, according to estimates today from the world’s largest
reinsurance companies.
Nobel Peace Prize Nominations Reach 237, Most in 109-Year History of Award Nominations for this year’s Nobel
Peace Prize reached 237, the largest group of potential winners
to be put forward in the award’s 109-year history.
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