(Source: Info-Prod Research (Middle East))trackingAccording to ANBA: The minister of Finance of Brazil, Guido Mantega, attributed yesterday (8th) the great interest in foreign investment in Brazil to the fact that the country is leaving the crisis highly attractive to the foreign market. He denied, however, that any excess, or speculative movement has been identified. Mantega said that the optimism with regard to Brazil may result in a great flow of capitals, but recalled that such movement has not yet been noticed. He explained that the pressure on exchange has been taking place due to the initial public offerings (IPOs) of some companies, like that of Santander bank, earlier this week, attracting US$ 8 billion. "It is the largest operation of this kind. The problem is that it should imply in the entrance of foreign capital. So that should generate some pressure, in the form of excessive dollar liquidity."
Originally published by Info-Prod Strategic Business Information.
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