Economy and Business Info

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Central Securities Depository, Inc. (DCV) of Chile and the Depository Trust and Clearing (DTCC, for its acronym in English) U.S. today announced they have signed an agreement that recognizes and strengthens their relationship and will provide the foundation for future collaboration.

“We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and customer support”

The objective of this collaborative venture, which will leverage technology and expertise of both organizations is to expand offerings and capabilities of DCV and DTCC. This will allow both organizations to leverage local market knowledge and develop broader offerings in Chile and throughout Latin America, at the same time reducing risks and lowering costs.

“Chile has one of the strongest economies in Latin America and represents a strong financial market and growth in the Americas,” said William B. Amity, president and chief operating officer of DTCC. “We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and support their customers.”

“We believe that this working relationship will give DCV some strategic advantages in fulfilling our mission to make the Chilean capital markets more efficient and attractive to capital market growth,” said Fernando Yates, Director General of DCV. “We expect to benefit from the experience, technology, scale and global reach of DTCC to assist in the growth of services for capital markets in Latin America.”

Previous discussions identified some possible areas of collaboration related to operational risk and business continuity. For example, CSD currently has data centers in different parts of Santiago, the capital and largest city in Chile. However, communications with backup sites located 500 kilometers from the city of Conception were destroyed and were deactivated during the earthquake of February 2010. DTCC DCV and believe there may be an opportunity to collaborate on issues of business community, leveraging of DTCC experience after 9 / 11 is the creation of redundant backup data centers.

The agreement announced today was developed after an invitation in December 2009 by the CSD to DTCC to make a capital investment of 10% and unify DCV Directory. By making this investment and join the Board of DCV, DTCC has demonstrated its commitment to the region and their high expectations for future cooperative efforts with DCV

The world economy is recovering from its worst recession in decades, although some regions such as North America and Asia, recorded slower growth, according to a study released today by the International Chamber of Commerce (ICC, for its acronym in English).

There was also a marked difference between the growth prospects of different regions. Globally, the economic sentiment indicator fell slightly from 104.1 in the second quarter of 2010 to 103.2 in the third quarter. This was in part a product of the fall in the indicators of two important regions, North America and Asia.

, the overall numbers continue to show substantial gains compared to the third quarter of 2009, when the global economic indicator was 79.6.

The Report of the Global Economy Quarterly was conducted by the If institute in Munich in cooperation with the ICC, for which questioned more than 1,100 experts in 166 countries.

Western Europe, whose economy seemed to be slowing in the previous report, had a surprise performance this quarter, with Germany as the engine of growth in the euro area thanks to rising exports.

In fact, Germany, with growth of 2.2 percent, had its strongest quarter since the reunification of Germany in 1990. However, the recession in Greece and the ongoing adjustment programs in Spain and restructuring in Portugal and Ireland temper Europe’s prospects.

Meanwhile, in North America, growth has slowed in the last quarter. High unemployment in the U.S., the weak private consumption and capital spending led to a less than satisfactory, according to experts consulted.

Meanwhile, there is evidence of a slowdown in the Chinese economy. While its growth rate remains impressive, the weakening of imports and retail sales, along with the Chinese government’s withdrawal of its expansionary monetary policy that we will have an economic slowdown in coming months.

In Africa, there is a strong contrast between South Africa and Kenya, which show positive signs, and other countries with a weak scenario, such as Tanzania, Gabon and Madagascar. South Africa received a boost from hosting the World Cup.

On trade and investment across borders, the study indicates that private consumption, which is key for growth in these areas, remains weak, influenced by high rates of unemployment. Another factor limiting trade is the lack of access to commercial financing in countries such as Spain, Bulgaria, Czech Republic, Hungary and Romania. These factors, in addition to the protectionist measures in countries like Germany, Denmark and Norway, contribute to the prospects for trade and investment are not the most positive.

The chair of the organizing committee of the First International Conference on Leadership and Management, Orderable Semen, reported that everything is ready for an event that seeks to train and upgrade human resources in the various sectors of the region. Executives, entrepreneurs, managers, HR professionals, Systems and Marketing, consultants and general practitioners will have the opportunity to participate in this activity, which was first held in Ciudad Guyana. According Terrible said this is a business education event, managerial and professional looking institutionalized each year to promote the city and in general the state as space maker for the analysis, debate and presentation of issues pertaining to future development. “We must go hand in hand with advances in technology, because if we fall behind.

We consider it very timely implementation of this conference, so we are doing this every year, this is the business sector’s contribution to the region,” said. Congress is divided into four main areas: People, Technology, Organization and Marketing, all related to the subject of Management. Other guests include speakers from Brazil, Peru, Ecuador, Colombia, Argentina, Dominican Republic and the United States. Although it was estimated the participation of about 500 people, the employer reported that expectations have been exceeded and expect between 800 and 100 attendees during the two day event, whose investment is close to a million Bolivar’s.

Companies participating in this International Congress of Leadership and Management have the opportunity to present it as investment project for compliance with the Law on Science, Technology and Innovation (Loci). In addition to the conference will also feature an exhibition of stands by some companies as Resort Mining, Microsoft, HP and Renovo, so that it can produce an interesting trade, industrial and technological development. The tickets are on sale at the headquarters of FEDECAMARAS Bolivar Royal Tower. Floor 2 office 1-B, with special prices for students and academics. The investment includes snacks, support materials and attendance certificate.

PP representative for Grin Canaries, Carlos Rodriguez, said today that the island’s economic activity is “orphaned” financial injection “critical” for promoting it because of unemployment it has.

In addition, Rodriguez accused President José Miguel Perez island from “the other side look as if it were the absolute maximum liability of the economic paralysis” of the island.

“Unemployment gallops at home in Grin Canaries and investment suffers from the inability of the President of the Cabled, Jose Miguel Perez to implement the budget of the corporation” is female representative of the popular island in the corporation told the media.

He said that the Cabled government team has “more than 350 million euros in financial institutions.” “Large, medium, small entrepreneurs, freelancers, we all suffer in Grin Canaries the abandonment of this group of government.

The BBVA revised upward its forecast for growth of the Colombian economy in 2010 and estimated to increase at least by 3% due to increased levels of investment and good dynamic macroeconomic figures show.

The Research chief economist at BBVA Colombia, Juana Tellez, estimated according to analysis by the financial institution of the Andean country’s economy will grow in the order of 3.0% and 4.4% this year.

“We have revised our growth forecast and even do not rule out further revised upward if the improvements in the indicators of activity are strengthened in the coming months,” the expert said at a news conference.

He indicated that likely increases in investment in machinery and recovery of building permits could anticipate an increase in stronger than forecast in private investment.

However, the drastic reduction of trade with Venezuela could have permanent effects on certain sectors of the economy that have found no effective markets to replace trade with Venezuela, “frozen” since last August by order of President Hugo Chavez.

Tellez said that although Colombian exporters have succeeded in replacing the Venezuelan market with sales to other South American countries, Central and China, enough work to overcome the difference of what has been lost in recent months by the decision of the Government of Venezuela.

As to the behavior of inflation, BBVA Research predicts that this indicator will be located at 3.4 percent in 2010 and 3.2% in 2011.

The Government expects the economy to exceed the growth target this year, expected at 2.5% due to the success of the first quarter.

With the most representative figures of government programs in the nearly eight years of her administration, President Alvaro Urine Velez says that the country has advanced so much in the field of security and economy and in the social area.

During the press conference with his counterpart from Honduras, Porphyries Lobo, the Casa de Marino, the president said that the achievements are necessary to maintain and improve policies in these sectors.

He made the comparison of results in security, economy and social programs to care for the rural with the hens and their eggs, using the language that is used in rural areas.

“We have three little eggs means a little egg of Democratic Security, another little egg investment trust and a little egg of social policy. These little eggs are protected by a hen, and those little eggs, if the hen continues, which is the present course, those little eggs hatch, the chicks draw prosperity, the three chicks, that of prosperity, trust and investment the social policy.

“If you change those little eggs hen, if you change course, they will enquire. He also said, back in rural Colombia are Enquire “said President Urine.

When you look at the accounts of the highly indebted rich economies can be seen that all are in similar situations, with public debt at 100% of GDP, more or less, fiscal deficits above 10% of GDP, and low international reserves. Should be treated for the purposes of the case and was treated in their day to Honduras, Bolivia, Nicaragua, and many African countries. There is not much difference beyond which hold power, who issues the dollar, from where they are made against speculative attacks and what, is speculation.

The hard faced enfilading guns against the Mediterranean countries, while Britain, Ireland or to say, and the United States have worse figures, reflects the power of rating agencies on the international market. The bone of this market is in New York and is 10 banks that reflect 60% of U.S. GDP. The rating which incidentally are in New York and London and there are three relevant, it fell to Greece of AAA + to BB and investment banks attacked the euro. Attacked to Greece but not the euro. In Spain from AAA to AA and better yet, started the rumors about bankruptcy Spanish. The target will remain the euro and now comes with a long speech from the United States about the futility of the currency basket, which is the euro.

In Greece had to shake hands several weeks ago but the history between Germany and Greece did not help and that the formula from a bond issue to finance the European Monetary Fund to Greece crashed into the European Central Bank restrictions can not financing to member governments, financial architecture was designed for spinning any European beyond the ECB. It is a European defeat having called the IMF.

The IMF did what he does do and after 48% pay cut, the masses poured into the streets. The Greek people is the first to pay the account of the euro crisis generated by investment banks and rating agencies in a context where no government of the G7 with moral authority to throw the first stone in fiscal terms.

It is essential to have timely information to make the best decisions at the right time. In this situation, new information technologies are very relevant. Allow to obtain and process more information than manual means. Therefore, companies invest in them.

These are just a tool (yes, very powerful and flexible) for the management of enterprises. It is therefore clear that new technologies are an essential and continuous development within any company. But the technologies are much more present in large firms than in small and medium enterprises (SMEs), this is mainly due to the size of the company and, therefore, the scope of it and its investment capability management, but little by little the difference is narrowing, as many SMEs are becoming aware that the use of ICT is a key issue for expansion and survival.

In recent years, include the Internet as the revolutionary element, followed by mobile phones. In short time the Internet has become essential in any business, regardless of size. Existing Internet companies operating in global field operations, the majority of society makes daily use of computers, which use occurs primarily in the home and workplace. Therefore, we can deduce that much use has a job goal.