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Economy And The Numbers

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The Brazilian government is studying the possibility of extinguishing the daylight saving time. According to the government, the study is being carried out by Brazil's National Electric System Operator (ONS). A preliminary evaluation suggests that the impact of the daylight saving time in Brazil are...

The Chilean central bank decided to revoke a bilateral credit line granted to the Central Bank of Venezuela (BCV) under the Agreement on Reciprocal Payments and Credits of the Latin American Integration Association (ALADI). The decision was made due to successive breaches by the Venezuelan monetary authority...

The Colombian state-owned oil company Ecopetrol has begun drilling the first offshore oil well that it operates directly, called Molusco, located in the Caribbean Sea. The operation has an investment close to US$ 75 million. The Molusco well is located in one of the most important basins in Ecopetrol's...

The 7.1 magnitude earthquake that shook Mexico on Tuesday has killed at least 230 people, according to the latest update provided by the local Civil Protection Agency. Rescue efforts remain focused on Enrique Rébsamen primary school, in Mexico City, where more than 30 children were killed. Rescuers estimate...

Eurozone consumer confidence improved for a second straight month in September to its highest level since 2001, preliminary data from the European Commission showed Thursday. The flash consumer confidence index rose to -1.2, marking the highest score since April 2001, when the reading was -0.9. Economists...

LeadingIndicatorIndex-092117.jpg Reflecting large positive contributions from building permits, the yield spread, and consumer expectations, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators.

South Africa's central bank kept its key interest rate unchanged on Thursday, after a reduction in the previous session, citing a deteriorating assessment of the balance of risks. The Monetary Policy Committee of the South African Reserve Bank held its key interest rate steady at 6.75 percent, after...

PhiladelphiaFed-092117.jpg A report released by the Federal Reserve Bank of Philadelphia on Thursday showed an unexpected improvement in regional manufacturing conditions in the month of September. The Philly Fed said its index for current manufacturing activity rose to 23.8 in September from 18.9 in August.

Joblessclaims-US-092117.jpg First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended September 16th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 259,000, a decrease of 23,000 from the previous week's revised level of 282,000.

The European Central Bank said on Thursday that it will launch a new unsecured overnight interest rate before 2020, as the bank reforms the benchmark rates. The Governing Council decided to develop a euro unsecured overnight interest rate based on data already available to the Eurosystem, the bank...

A report released by the Federal Reserve Bank of Philadelphia on Thursday showed an unexpected improvement in regional manufacturing conditions in the month of September.

First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended September 16th, according to a report released by the Labor Department on Thursday, with initial jobless claims pulling back further off a recent two-year high.

UKflag-Pound-092117.jpg The UK budget deficit decreased to its lowest August level since 2007 on higher sales tax, official data revealed Thursday. Public sector net borrowing excluding interventions decreased by GBP 1.3 billion from the previous year to GBP 5.7 billion in August, the Office for National Statistics reported.

China-Rating-092117.jpg S&P Global Ratings downgraded China's sovereign ratings citing higher economic and financial risks after a prolonged period of strong credit growth. The sovereign rating was lowered to A+ from AA-, S&P said in a statement on Thursday. The outlook on the long-term rating was stable.

Eurozone's improved economic growth momentum has yet to feed into inflation, making it necessary to maintain the massive monetary stimulus until price pressures build up, European Central Bank said in its latest economic bulletin released on Thursday. "While the ongoing economic expansion provides...

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