The stock exchanges duel: Brazilian Bovespa versus New York Stock Exchange | Brazil Global. The stock exchanges duel: Brazilian Bovespa versus New York Stock Exchange By the late 1990ths early 2000ths, one of the top concerns in Brazilian capital markets circles was if the local stock exchange, Bovespa, would be able to compete with its international peers. Forecasts were quite pessimists. Brazilian companies looking for liquidity could not neglect the fact that the international investor was trading in New York, not in São Paulo. So for companies wanting to enhance international exposure, it was imperative to list as an ADR in the New York Stock Exchange. Today, this picture seems to have changed. Negotiations in Brazil topped the ADRs and projections for 2011 IPOs also favor Brazil, according to Nathan Vardi on Forbes this week. ADRs in 2010 For the first time in the last four years, the financial volume of the Brazilian Stock Exchange (Bovespa) exceeds the American Depositary Receipts (ADRs) of Brazilian stocks.
Like this: Like Loading... About Hildete Vodopives. Adams' budget pushes business growth | Portland Business Journal. Andy Giegerich, Business Journal staff writer As part of the upcoming 2011-12 budget discussion, Portland’s City Council will consider spending millions on programs that validate the city’s ongoing economic development plan, continue a neighborhood business program and provide seed money to startup enterprises. Portland Mayor Sam Adams, in unveiling his general fund budget proposals Tuesday morning, also called for the city to reserve $10 million for a “rainy day fund” should the city’s projected $405.6 million general fund face future drops.
The general fund, which provides the city’s discretionary spending money, comes from property taxes, business license fees, utility license fees and franchise fees. Adams and city commissioners will consider budget recommendations over the next two months. On the business side, Adams’ budget would pour $3.2 million toward programs supporting local and “cluster” businesses that the city hopes to nurture as part of its economic development plan.
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