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Economy And The Numbers

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Colcap, the main index of the Colombian Stock Exchange, fell 0.10% Monday to 1,370.05 points as the market found support by the rebound in the shares of Ecopetrol and Bancolombia. Rodrigo Sanchez, an analyst at Ultraserfinco, noted that Ecopetrol's stocks rebounded tracking the rise in Brent oil prices...

After the controversial twists and turns over the increase in public service tariffs in Argentina during the past week, President Mauricio Macri went out to ask the municipalities and the provinces to eliminate the taxes on services. He also asked Argentineans to save energy, to pay lower bills consequently. The...

Australia will on Tuesday release Q1 data for consumer prices, highlighting a modest day for Asia-Pacific economic activity. Inflation is expected to rise 0.5 percent on quarter and 2.0 percent on year after adding 0.6 percent on quarter and 1.9 percent on year in the previous three months. The...

The United States and Colombia formed a joint working group aimed at expanding investigations on Venezuelan officials suspected of corruption through companies established in other countries. The Colombian Minister of Finance and Public Credit, Mauricio Cardenas, announced that the group should be...

The National Liberation Army (ELN) guerrilla affirmed its engagement in the efforts to seek peace in Colombia, said the left-wing armed group chief negotiator, Pablo Beltran. In statements released through Twitter, Beltran assured that "Colombia can count on us to keep this effort to find a political...

Colombian President Juan Manuel Santos ordered the deployment of the public force to Catatumbo, in the Norte de Santander department (state), to preserve public order amid confrontations between armed groups. Santos announced that Vice President Oscar Naranjo, the Minister of the Interior, Guillermo...

The candidate of the Colorado Party, Mario "Marito" Abdo Benitez, won the presidential elections in Paraguay with 46.44% of the votes, said the South American country's electoral council. Abdo Benitez prevailed against his main contender, Efrain Alegre, the candidate of the GANAR coalition, which...

The median forecast for Brazil's consumer price inflation in the next 12 months increased for the fourth consecutive week, to 4.06% from 4.02 last week, according to economists surveyed by the South American country's central bank. For 2018, the economists increased to 3.49%, from 3.48% a week before,...

Economists surveyed by the Brazilian central bank cut their forecasts for economic growth in 2018 for the fourth consecutive week, to 2.75% from 2.76% last week. For 2019, GDP growth projections remained at 3.00% for the twelfth week. Projections for Brazil's debt-to-GDP ratio remained stable at 55.00%...

Economists polled by the Brazilian central bank kept their estimates for the country's benchmark interest rate (Selic) unchanged for the third week at 6.25% at the end of 2018. The forecast for the average rate in 2018 also remained stable at 6.34%. For 2019, estimates remained at 8.00% for the fourteenth...

existinghomesales-042318.jpg A report released by the National Association of Realtors on Monday showed existing home sales in the U.S. increased by much more than expected in the month of March. NAR said existing home sales climbed by 1.1 percent to an annual rate of 5.60 million in March.

eurozonepmi-042318.jpg Eurozone private sector logged a moderate expansion in April, amid signs of weaker growth of demand and supply constraints. The composite output index remained unchanged at 55.2 in April, flash survey results from IHS Markit showed Monday. The score was forecast to drop to 55.0. A score above 50 indicates expansion in the private sector.

rbi-cryptocurrencies-042318.jpg The High Court of the Indian capital Delhi has issued a notice to the Reserve Bank of India (RBI), the Ministry of Finance, and the Goods and Services Tax Council (GST Council) accepting a complaint challenging the central bank's ban on the country's commercial banks from providing services to investors...

fud-cryptocurrency-042318.jpg FUD simply means "fear, uncertainty and doubt". Misinformation will be spread deliberately with the intention of feeding it into the overall market sentiment. Such misinformation would be usually spread through comments in crypto discussion forums on reddit and other social media. Some comments made by personalities on TV can also be treated as FUD.

Poland's retail sales grew more than expected in March, data from the Central Statistical Office revealed Monday. Retail sales rose 8.8 percent year-on-year in March, faster than the 7.7 percent growth seen in February. Sales were forecast to expand 7.9 percent. On a monthly basis, retail sales...

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