Ever seen “Weekend at Bernie’s”? Go check it out. Meanwhile now that Chavez’ death is a formality how do you play Venezuelan markets, and what has truly changed?
Friday’s best web covers Indian companies seeking access to China, a summary of the Turkish information and consumer technology sector, collapsing tin prices, Essar’s procurement of Colombian oil, and the “toilet of the future.”
Cesar Vallejo, co-director of the Central Bank of Colombia, said this week that the country’s monetary authorities are open to further market intervention to help stem this year’s 7.7% appreciation in the Colombian peso.
China has been actively weakening the yuan (CNY, quote) recently in preparation for a falling dollar because of more economic stimulus measures. Due to this market action, major oil stocks such as Ecopetrol (EC, quote) and Sasol Ltd (SSL, quote) are becoming more attractive with dollar strength inversely correlated to the price of crude.
The Colombian Central Bank surprised investors last week with a cut in rates to 5.0%, its first since 2010. The Colombian economy had been one of the few in the region to continue a restrictive policy in the face of the global economic slowdown.