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Economy And The Numbers

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Colcap, the main index of the Colombian Stock Exchange, rose 0.29% near the end of Monday's trade, moving at 1,555.54 points, boosted by a rally in Ecopetrol's shares, amid higher oil prices, said Marcela Ramírez, an analyst at Acciones & Valores. The shares of Ecopetrol (+5.07%), ETB (+1.97%), and...

Ibovespa, the benchmark stock index in Brazil, rose 0.56% Monday to fresh record closing high of 81,675.42 points, driven by continued optimism in the external scenario. The gains were limited by the proximity of former Brazilian President Luiz Inacio Lula da Silva's trial on Wednesday. "Most of...

The Colombian government ordered the head of the negotiating team with the National Liberation Army (ELN), Gustavo Bell, back to Ecuador to explore the possibility of negotiating a new ceasefire with the guerrilla group and move ahead with peace talks. President Juan Manuel Santos confirmed his decision...

The services sector in New Zealand continued to expand in December, albeit at a slightly slower pace, the latest survey from Business NZ showed on Tuesday with a Services PMI score of 56.0. That's down from the upwardly revised 56.5 in November (originally 56.4), although it remains well above the...

The Bank of Japan will on Tuesday wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The central bank is widely expected to keep its benchmark lending rate unchanged at -0.10 percent. Japan also will...

The Brazilian Supreme Court (STF) chairwoman, Justice Carmen Lúcia, suspended the inauguration of the representative Cristiane Brasil as Minister of Labor. President Michel Temer picked Brasil as the country's new labor minister at the start of the month, but local newspapers revealed that she had...

Mexico's unemployment rate slightly decreased to 3.4% of the economically active population in December, from 3.5% in November, according to the country's statistical agency. Meanwhile, the rate fell by 0.3 pp compared to the same month of 2016, sustaining the deceleration process observed in the...

Colombia's trade balance recorded a US$ 791.7 million FOB (Free on Board) deficit in November 2017 following the US$ 1.165 billion FOB deficit in the same period of 2016, said the country's statistics institute. Despite a trade surplus in fuels and products of the extractive industries, the result...

The median forecast for Brazil's consumer price inflation in the next 12 months rose for the fourth consecutive week, to 4.00% from 3.98% a week before, according to economists surveyed by the South American country's central bank. For 2018, the economists kept the median inflation estimate unchanged...

Economists surveyed by the Brazilian central bank increased their forecasts for the economic growth in 2018 to 2.70%, from 2.68% four weeks ago. For 2019, projections were raised to 2.99%, from 2.80% last week and 2.89% a month ago. Projections for Brazil's debt-to-GDP ratio in 2018 and 2019 remained...

Economists polled by the Brazilian central bank kept their estimates for the country's benchmark interest rate (Selic) at the end of 2018 unchanged at 6.75% for the fourth consecutive week. The forecast for the average rate in 2018 remained at 6.75% for the fifth week in a row. For 2019, estimates...

Argentinean President Mauricio Macri left for Moscow on Sunday, the first stop in the tour he will carry out this week to Russia, Switzerland and France, opening his 2018 international agenda. Macri will meet with presidents Vladimir Putin of Russia and Emmanuel Macron of France, and deliver a speech...

Argentinean Ministry of Finance Chief of Staff Pablo Quirno took part in the Fourth Meeting of the Strategic Dialogue Mechanism for Economic Cooperation and Coordination between Argentina and China, aimed at deepening financial ties between both countries. The meeting, held in China, is part of the...

The International Monetary Fund on Monday upgraded its global growth forecasts for this year and the next, reflecting acceleration in global economic activity and the impact of U.S. tax policy changes. Global output is forecast to grow by 3.9 percent for both this year and the next, up from October...

India-Bitcoin-012218.jpg Some prominent banks in India collectively suspended accounts of Bitcoin exchanges, probably to check suspicious deals. According to a report by Economic Times, State Bank of India, Axis Bank, HDFC Bank, ICICI Bank and Yes Bank have suspended accounts across multiple exchanges. The banks have imposed a limit on cash withdrawals also. The action will be applicable to at least 10 Bitcoin exchanges,

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