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Economy And The Numbers

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Merval, the main index of the Buenos Aires Stock Exchange, left an initial technical rebound to fall again (-0.49%) Friday, closing at 27,131.57 points. During the week, the Merval closed stable. Jorge Juarez, an analyst at Mateo and Marchioni Sociedad de Bolsa, noted that Merval's opening rise was...

Colcap, the main index of the Colombian Stock Exchange, was trading 0.35% higher near closing Friday, at 1,441.31 points on the good performance of financials and Avianca stocks. Andrés Fonseca, an analyst at Alianza Valores, said that the Colcap was rising due to the strong performance recorded by...

Ibovespa, the benchmark stock index in Brazil, rose 1.27%, closing at 73,437.27 points Friday after the Brazilian government increased by R$ 7.515 billion the release of budget resources for ministries. The move is seen as a move by President Michel Temer to bargain the pension reform bill approval...

The Venezuelan government and opposition representatives scheduled a meeting for the first days of December to discuss the end of the economic blockade and respect for political rights in the country, said the head of the national government delegation for political dialogue, Jorge Rodríguez Gómez. The...

Colombia's Migration Service reported that the Venezuelan opposition leader Antonio Ledezma, 62, fled to the neighboring country after escaping his house arrest. The former Caracas mayor was under house arrest since 2015 on charges of plotting to oust Venezuelan President Nicolás Maduro. It was not...

Buenos Aires and Moscow intend to expand bilateral trade, primarily regarding the entry of Argentinean meat in the Russian market, increasing investments in energy and moving ahead with common projects in scientific-technological areas and biotechnology. The decision was made in the framework of a meeting...

Colombian state-owned oil company Ecopetrol said that its subsidiary in the United States, Ecopetrol America, was awarded four blocks for deep water exploration of hydrocarbons in the Gulf of Mexico. The blocks awarded were the so-called Garden Banks 77, 78, 121 and 122. The company's bid for the...

Chile will hold general elections on Sunday. More than 14 million people are qualified to choose a new President for the South American country. Chileans will also elect new legislatures in the Senate and the national and regional assemblies. According to the polls, out of the eight candidates, the...

Colombian crude oil production in October reached 863,853 barrels per day on average, up 1.4% from September, said the South American country's Ministry of Mines and Energy. On an annual basis, Colombia's oil output rose 2% over October 2016. Year-to-date, meanwhile, Colombia's average crude oil production...

HousingStarts-111717.jpg New residential construction in the U.S. jumped by much more than expected in the month of October, according to a report released by the Commerce Department on Friday. The report said housing starts spiked by 13.7 percent to an annual rate of 1.290 million in October from a revised 1.135 million...

New residential construction in the U.S. jumped by much more than expected in the month of October, according to a report released by the Commerce Department on Friday. The report said housing starts spiked by 13.7 percent to an annual rate of 1.290 million in October from a revised 1.135 million...

Draghi-ECB-111717.jpg Eurozone's robust economic recovery is still supported by the massive monetary stimulus that would help inflation to return to target, European Central Bank President Mario Draghi said Friday.

Moodys-India-111717.jpg Moody's Investors Service on Friday raised the sovereign ratings of India for the first time since 2004, citing economic and institutional reforms. The sovereign rating was lifted to Baa2 from Baa3 and the rating outlook was changed to 'stable' from 'positive'. The upgrade has placed India's rating at par with those of Italy and the Philippines.

China's government should take additional measures to address the fundamental imbalances in the residential housing market, a working paper by the International Monetary Fund staff and academics from the Tsinghua University said Thursday. "The government should expand its toolkit to include additional...

Portugal's producer price inflation held steady in October, after accelerating in the previous two months, figures from Statistics Portugal showed Friday. Industrial producer prices climbed 2.7 percent year-over-year in October, the same rate of increase as in September. The measure has been rising...

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