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Economy And The Numbers

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Colcap, the benchmark stock market index in Colombia, fell 0.33% to 1,520.52 points Friday, in spite of positive earnings from Corficolombiana and Grupo Aval. The index was weighed by price declines in heavyweight constituents, like Ecopetrol and Bancolombia, according to David Santos, an analyst at...

Ibovespa, the benchmark stock market index in Brazil, fell for the second consecutive session, by 0.65% to 83,081.88 points Friday as risk aversion abroad and doubts about the credibility of the country's central bank weighed on investor sentiment. Ibovespa posted a 2.51% weekly decline, with most...

Merval, the benchmark stock market index in Argentina, rose 0.20% to 31,869.82 points Friday, showing some stability after increasing 7% in the week. "The index again tried to break the resistance at the 32,000 points but could not manage to do so. A higher trading volume will be vital for that,"...

The Brazilian Attorney General Office (AGU) will present its report on the transfer of rights deal five days after being notified to do so, paving the way to resume negotiations between the government and the state-owned oil company Petrobras, according to a source that requested anonymity. The transfer...

Brazil added 115,898 new jobs to its economy in April, according to data from the Labor Ministry. It was the best result for that month since 2013, when job creation reached 196,913. Last month, the Brazilian economy hired 1,305,225 people and dismissed 1,189,327. All of the eight largest sectors...

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Brazil added 115.000 new jobs to its economy in April, according to the country's president, Michel Temer. He based his statement on official data from the Labor Ministry. Temer refrained from detailing the data. If confirmed, those would be the most favorable results in at least a year.

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Workers from Latam in Argentina canceled a 24-hour strike after the country's Labor Ministry issued a mandatory conciliation order by the company's request. "We abide by the mandatory conciliation and suspend the effect of the strike for 15 working days," said unions in a statement. The conciliation...

The one-day interbank deposit futures rates (DI rates) in Brazil are still on the rise, tracking the multi-year highs of the locally traded U.S. dollar and reacting to a higher-than-expected reading in an inflation index that influences real estate rent contracts in the country. The January 2019 DI...

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crypto-weekly-051818.jpg Bitcoin and its peers relatively had a lackluster week. After starting in red, they witnessed some recovery by Wednesday, that soon lost steam and cryptocurrencies were in the red Friday morning. Sentiment was damped by the lack of major news from the blockchain week that concluded mid-week in New York. The much awaited rally in cryptocurrencies following the event never happened.

line-dump-051818.jpg Pump-and-dump is the fraudulent way of artificially inflating the price of cryptocurrency through different ways including shilling and selling the cryptocurrency when the price hits a high.

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