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Economy And The Numbers

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Ibovespa, the benchmark stock index in Brazil, closed down 0.4% Thursday at 76,283.16 points, tracking the path of emerging markets after China reported that its Gross Domestic Product (GDP) grew 6.9% in the third quarter, at a slower pace than the expected by investors. The Chinese figures negatively...

Merval, the main index of the Buenos Aires Stock Exchange, rose 2.35% Thursday, closing at 26,831.01 points, recovering from recent losses amid investor optimism for a possible triumph of the national government in Sunday's legislative elections. On the side of the indicators, the head of the Central...

Brazilian state-owned oil company Petrobras obtained a favorable decision in a tax dispute that could cost the company more than R$ 15 billion (US$ 4.7 billion). The dispute involved the deductibility of expenses with oil and gas output in the company's tax statement in 2010. "The Administrative Board...

The presidents of Argentina and the United States, Mauricio Macri and Donald Trump, spoke via telephone on Wednesday to discuss the situation in Venezuela and the economic and trade relations between their countries, reported Casa Rosada and the White House. According to Casa Rosada, both leaders...

Colombia's government will refrain from new debt issuances in the global markets in the short term, said the country's Finance Minister, Mauricio Cárdenas. "We do not need more financing from the international markets, and we have reduced our requests with the international banking system," Cárdenas...

Colombia's Senate and House of Representatives jointly approved a 2018 budget of 235.6 trillion pesos (US$ 80.1 billion), 1% higher than in 2017. Half of that amount will be allocated to public investment. According to the Colombian Minister of Finance, Mauricio Cárdenas, the investment budget represents...

Brazilian miner Vale's iron ore production increased 3.3% in the third quarter of 2017 from a year before, to 95,111 million tons, the company said. Compared to the second quarter of this year, the increase was 3.6%. From January to September, Vale's iron ore output totaled 275.159 million tons, 6.5%...

A Brazilian House of Representatives Committee voted in favor of shielding President Michel Temer from a trial for corruption. The decision must be endorsed by the House floor and was widely expected by investors. Temer was charged for the second time this year in September, when public prosecutors...

The majority of the Brazilian miner Vale's preferred shareholders approved the conversion of 307 million preferred stocks from the company into common ones. The conversion rate will be of 0.9342 common share per class A preferred share. The transaction was approved by the owners of 158,111,060 shares....

New Zealand will on Friday see September figures for credit card spending, highlighting a light day for Asia-Pacific economic activity. In August, credit card spending was down 0.7 percent on month and up 6.4 percent on year. Malaysia will release September numbers for consumer prices; in August,...

The European Central Bank do not have to wait until inflation reaches the target of 'below, but close to 2 percent' to normalize policy and now there are good arguments for slowing asset purchases, ECB Governing Council member Ewald Nowotny said in an interview published in an Austrian daily on Thursday....

Leadingindicator-101917.jpg For the first time in the last twelve months, the Conference Board released a report on Thursday showing an unexpected drop by its index of leading U.S. economic indicators in the month of September. The Conference Board said its leading economic index dipped by 0.2 percent.

Belgium's consumer confidence rose for a second straight month to its highest level since the middle of 2001, driven by the improved outlook for the economy and the unemployment situation, survey data from the National Bank of Belgium showed Thursday. The consumer confidence index climbed to 4 from...

Philadelphiafed-101917.jpg Philadelphia-area manufacturing activity unexpectedly grew at a faster rate in the month of October, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its index for current manufacturing activity in the region climbed to 27.9 in October.

Joblessclaims-US-101917.jpg A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by much more than anticipated in the week ended October 14th, with claims sliding to their lowest level in over forty years. The report said initial jobless claims dropped to 222,000.

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