Banco Daycoval plus BRIC's and China's Exchange Rate

Banco Daycoval’s investors please note

Banco Daycoval (BOV:DAYC4) has approved the implementation of a share buyback program using its reserves. Daycoval plans to acquire up to 6.246 million preferred shares. This amount’s to 9.78% of preferred shares, which is about 63,845,839 that are currently in the market. The program has until January 17, 2014.

BRIC it’s good to keep an eye on what’s going on …!

For example, China will reform the systems of interest rate and exchange rate regime. The Prime Minister, Wen Jiabao, said that his country intends to proceed with the liberalization of interest rates based on the market and improve the exchange rate of the Renminbi (Yuan),  China also wants to improve the development of private financial institutions.

It is noteworthy that the Chinese economy grew 7.8%  last year, the lowest growth since 1999 but enough to keep the Asian country in second place.

 

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