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Economy And The Numbers

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S&P Global Ratings lowered its sovereign rating on Hong Kong citing spillover risks after lowering the ratings on China. Hong Kong's rating was downgraded to 'AA+' from 'AAA'. The outlook was stable. S&P said Hong Kong has very strong institutional and political linkages with China. The latest...

Merval, the main index of the Buenos Aires Stock Exchange, rose 0.99% Thursday, closing at 24,576.96 points driven primarily by positive economic indicators. According to the Argentinean statistics office, the provisional estimate for the country's Gross Domestic Product (GDP) in the second quarter...

Colcap, the main index of the Colombian Stock Exchange, fell 0.17% Thursday, closing at 1,483.90 points, still reflecting Wednesday's announcement by the United States Federal Reserve. Ramses Pestanapalmett, an analyst at Ultraserfinco, said that the Fed's intentions to gradually reduce its assets...

After closing the last two trading sessions near stability, the Ibovespa fell by 0.53% Thursday, settling at 75,604.34 points in the face of a worsening of the external scenario and tracking commodities losses abroad, which led some investors into a profit-taking after recently achieved record highs...

Argentina's unemployment rate fell by 0.5 percentage point (pp), to 8.7% of the economically active population, in the second quarter of the year when compared to the immediately previous quarter, said the country's statistics office, known as Indec. Regarding employment and activity rates, on the...

The economic committee of the Colombian Congress passed in a first vote the budget bill 2018, adjusted at 235.6 trillion Colombian pesos (US$ 80.8 billion). The most significant change that occurred in the committee was a 5.5 trillion Colombian pesos increase in the amount originally requested by...

The Pacific Alliance and the Spanish government signed a joint declaration to promote cooperation on trade, education, development of micro, small and medium enterprises, and innovation, science and technology. Through the agreement, the regional bloc aims at strengthening cooperation and economic...

The provisional estimate for Argentina's Gross Domestic Product (GDP) in the second quarter of 2017 showed a 2.7% increase when compared to the same period of 2016. Over the previous quarter, the Argentinean GDP increased by 0.7%, said the country's statistics office in its Activity Level Progress Report. Global...

Brazil's President Michel Temer said in an interview with Reuters news agency that he does not have the "minimum" of concern about allegations of corruption against him and blames the "radical" opposition for the criminal complaints. "It's a radical opposition, but I say again that these things have...

The Consumer Confidence Index in Argentina increased by 7.2% in September compared to August, according to a survey conducted by Torcuato Di Tella University's Center for Research in Finance. In the year-on-year comparison, the index increased by 19.8%. Among the components of the indicator, the Personal...

The Brazilian central bank's Quarterly Inflation Report presents revised projections for inflation decelerating in 2017 and 2018, suggesting that the monetary authority still has room to lower interest rates. In the central bank's reference scenario, which considers the interest rate projection of...

The benchmark interest rate in Brazil, known as Selic, is expected to reach 7% by year-end and remain at the same level through 2018, the Brazilian central bank said in its Quarterly Inflation Report. In the previous report, the Brazilian central bank estimated that the Selic rate would close 2017...

Brazil's central bank increased to 0.7% from 0.5% its projection for the country's Gross Domestic Product (GDP) growth in 2017. The estimate was released in the central bank's Quarterly Inflation Report. According to the central bank, the new projection primarily reflects the positive performance...

Credit risk rating agency Moody's Investors Service said that the earthquake that killed at least 230 people this week in Mexico is not expected to significantly affect the basic scenario that supports the country's A3 rating. According to Moody's, it is still early for Mexican authorities to estimate...

Brazil's official preliminary inflation index rose 0.11% in September on a monthly basis, slightly below market expectations (+0.13%), said the country's statistics office. The monthly variation was lowest since July 2013 (+0.07%). Considering only the results for September, this was the lowest since...

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