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Economy And The Numbers

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Moody's Investors Service said that the results obtained by the Cambiemos ruling coalition in Argentina's primary elections improved its performance when compared to the 2015 elections and, if repeated in the final elections in October, the government would retain more chairs in Congress. Cambiemos'...

World Bank President Jim Yong Kim highlighted his support for the economic reforms undertaken by the Argentinean President Mauricio Macri and pledged to open a US$ 2 billion line in 2018 to promote the reforms the South American country needs to accomplish. In the first visit by a president of the...

Chile's ties with the United States are strategic politically and economically, said Chilean President Michelle Bachelet at La Moneda Palace during a visit from U.S. Vice President Mike Pence during his Latin America diplomatic tour. At the meeting, both Bachelet and Pence expressed their interest...

Brazil's National Electric Energy Regulatory Agency (Aneel) has decided that Eletrobras has 90 days to return R$ 2.998 billion (US$ 946.64 million) to the fuel consumption sector fund. An audit revealed that the amount was unduly transferred to Amazonas Energia, an Eletrobras' subsidiary. Eletrobras,...

The Argentinean Finance Minister Nicolás Dujovne has met representatives of the United States Chamber of Commerce and executives from US companies in order to attract new investments in his country. The meeting occurred during US Vice President Mike Pence's official visit to Argentina. The members...

The lower House of the Brazilian Congress will vote next week on a controversial political reform bill. The most debated points are the increase in the percentage of public money that goes to the funding of the elections and the "district," which determines the election of lawmakers by majority vote. Congressman...

The board of directors of the Colombian state-owned oil company Ecopetrol accepted the resignation of Juan Carlos Echeverry as chairman, presented for family reasons, and appointed Felipe Bayón Pardo, the executive vice president, to succeed him. Bayón Pardo will take office as Ecopetrol's chairman on...

After closing its book-building procedures, the Brazilian state-owned oil company Petrobras said it would auction R$ 4.988 billion (US$ 1,574.99 billion) in a simple non-convertible debenture issue. The transaction is expected to be settled by the end of the month and will be issued in up to four...

Colombia's foreign debt amounted to US$ 123.92 billion at the end May, a 1.08% increase compared to April, said the South American country's central bank. In May, the Colombian foreign debt was equal to 40.4% of the country's Gross Domestic Product (GDP). Still according to the Colombian central bank,...

LeadingIndex-081717.jpg Suggesting the U.S. economy may experience further improvements in activity in the second half of the year, the Conference Board released a report on Thursday showing that its index of leading economic indicators rose in line with estimates in July.

Europeancentralbank-081717.jpg European Central Bank policymakers raised concern over the appreciation of the euro in July, pointing out the risk of the exchange rate overshooting in the future, and stressed that the favorable financing conditions are still supported by the massive stimulus.

Industrialproduction-US-081717.jpg A report released by the Federal Reserve on Thursday showed industrial production in the U.S. rose by slightly less than expected in the month of July. The report said industrial production edged up by 0.2 percent in July after climbing by 0.4 percent in June.

Philadelphiafed-081717.jpg Manufacturing activity in the Philadelphia-area saw a slightly slower rate of growth in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday. The report said the Philly Fed Index edged down to 18.9 in August.

Joblessclaims-US-081717.jpg First-time claims for U.S. unemployment benefits fell by more than anticipated in the week ended August 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dropped to 232,000.

Manufacturing activity in the Philadelphia-area saw a slightly slower rate of growth in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday.

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