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Economy And The Numbers

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The Brazilian government will change the calculation method and raise the rates of Financial Compensation for the Exploration of Mineral Resources (Cfem), which regulates royalties paid by companies that extract these raw materials in Brazil. The measure comes amid a growing effort by the government...

Colombian state oil company Ecopetrol reported that the Ca?o Lim?n-Cove?as pipeline, the primary transport for the country's oil exports, completed 56 days out of service as a result of an escalation of sabotage acts and the installation of valves to steal oil. The state-owned oil company said in...

The International Monetary Fund (IMF) estimates that the Venezuelan Gross Domestic Product will drop by 12% in 2017. In April, the IMF projected a 7.4% decrease in Venezuela's economy. For the next year, the Fund expects a smaller drop (-4.1%). "Venezuela continues to face a political and humanitarian...

The International Monetary Fund (IMF) slightly reduced its forecast for Chile's economic growth in 2017 to 1.6%, from 1.7% in its previous estimate, released in April. For 2018, the Fund expects a 2.3% increase in Chile's Gross Domestic Product (GDP). According to Alejandro Werner, IMF's Director...

The Brazilian steel sector is worried about potential new barriers to local steel products in the United States and the European Union (EU). According to the Brazilian Steel Institute (IABr) and the Brazilian Foreign Trade Association (AEB), possible anti-dumping measures could further hamper an industry...

The International Monetary Fund (IMF) reduced Peru's 2017 economic growth forecast to 2.7%, from 3.5% in its April quarterly report. Still according to the Fund, in 2018 the Peruvian Gross Domestic Product (GDP) will grow 3.8%. According to Alejandro Werner, IMF's Director for the Western Hemisphere...

Australia will on Wednesday release Q2 numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. Inflation is expected to add 0.4 percent on quarter and 2.2 percent on year after rising 0.5 percent on quarter and 2.1 percent on year in the previous three months. The...

Brazil's Fibria posted a R$ 259 million net loss in the second quarter, after a profit of R$ 745 million in the same period of 2016. It was the worst result for the company since the R$ 601 million loss posted in the third quarter of 2015 and the weakest result for a second quarter since 2013. Fibria...

Brazil's Supreme Federal Court (STF) Justice Celso de Mello has admitted an embezzlement complaint against Renan Calheiros (PMDB-AL), a senator who until recently was the upper legislative house speaker. According to an investigation by the Attorney General's Office (PGR), Calheiros diverted money...

The International Monetary Fund (IMF) has raised Argentina's growth forecast in 2017 to 2.4%, from 2.2% in its April's report forecast. Meanwhile, the IMF estimate for the Argentinean economic growth in 2018 remained at 2.2%. Alejandro Werner, IMF's Director for the Western Hemisphere Department,...

The International Monetary Fund (IMF) cut Colombia's economic growth forecasts to 2% in 2017, from 2.3% in its April report, while estimating that in 2018 Gross Domestic Product (GDP) will grow 3%. Alejandro Werner, IMF's Director for the Western Hemisphere Department, said that Colombia's economic...

The third round of peace talks between the Colombian government and the National Liberation Army (ELN) guerrilla began Tuesday in Ecuador, aiming to reach a final truce between both parties. The Colombian government intends to follow the same path through which Bogot? achieved a peace agreement with...

The International Monetary Fund (IMF) raised Mexico's economic growth outlook for 2017 to 1.9%, from 1.7% in its April. Estimates for 2018 point to a 2.0% increase in Gross Domestic Product (GDP). According to Alejandro Werner, IMF's Director for the Western Hemisphere Department, the Mexican economy...

Brazil's center-south sugar cane crush for the 2017-18 harvest was down 6.13% on year from April to July 16, totaling 246.582 million tons, said the Union of Sugarcane Industry (Unica). Total ethanol production reached 9.493 billion liters, down 12.12% from a year before, with 4.062 billion liters...

The Brazilian central bank's monetary policy committee (Copom) meeting started Tuesday, with a decision expected by Wednesday afternoon. Analysts believe that the board members will cut Selic, the benchmark interest rate, by one percentage point, even after a warning at the previous meeting that the...

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