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Economy And The Numbers

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New Zealand's gross domestic product was up 0.5 percent on quarter in the first three months of 2018, Statistics New Zealand said on Thursday. That was in line with expectations and down from 0.6 percent in the three month prior. On a yearly basis, GDP was up 2.7 percent - again matching forecasts...

Colcap, the main index of the Colombian Stock Exchange, fell 0.34%, closing at 1,532.26 points, due to the drop in the shares of Bancolombia, Sura, and Ecopetrol. Rodrigo Sanchez, an analyst at Ultraserfinco, noted that the performance of the shares of the state-owned oil company and the financial...

Producer prices in South Korea were up 0.2 percent on month in May, the Bank of Korea said on Thursday - up from 0.1 percent in April. Individually, prices for agricultural, forestry and marine products tumbled 0.9 percent on month, while manufacturing products were up 0.4 percent, utilities added...

Ibovespa, the benchmark stock index in Brazil, closed up 1.02% to 72,123.41 points Wednesday, influenced by the 5.12% rise on Petrobras' preferred shares, reflecting market expectation with the House of Representatives' vote on the transfer of rights in the pre-salt layer. The gains were also fueled...

New Zealand will on Thursday see Q1 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity. GDP is expected to expand 0.5 percent on quarter and 2.7 percent on year, slowing from 0.6 percent on quarter and 2.9 percent on year in the three months prior. Japan...

The Executive Board of the International Monetary Fund (IMF) approved an agreement with Argentina in the framework of the three-year stand-by agreement for US$ 50 billion - or about 1,110% of the quota of Argentina in the Fund. The decision allows the authorities to make an immediate release of US$...

After selling its stake in the power company Eletropaulo for R$ 5.5 billion for Italia's Enel, AES Brasil plans to use part of the money to buy renewable energy projects, especially solar and wind farms, said the company's president, Julian Nebreda. "Our growth plan is to buy assets in operation or...

Brazil's Senate has approved a legislation authorizing ethanol producers to sell the fuel directly to the fuel stations. After the 47-2 vote in the Senate, the bill should be voted by the House of Representatives. Proposed by Senator Otto Alencar (PSD-BA), the bill aims to increase competition in...

Brazilian Supreme Court (STF) justice Luiz Fux is expected to hold this morning a hearing on the legality of the schedule for minimum fares for road freight transport. Representatives of the Brazilian government, businessmen, truck drivers and the Attorney General's Office are expected to take part. Some...

The Second Panel of the Brazilian Supreme Court (STF) scheduled for next Tuesday (June 26) the hearing on a request by the defense team of former president Luiz Inacio Lula da Silva against his arrest. Lula is under arrest since April 7 in a case related to an apartment in Guaruji (SP) whose property...

bitcoinpress-june20.jpg A nonprofit organization founded to promote free speech and freedom of the press has announced that it is accepting cryptocurrencies as donations to use for its activities and campaigns. The Freedom of the Press Foundation (FPF) said on its website that press freedom supporters and cryptocurrency enthusiasts can now make donations to the organization using Bitcoin, Bitcoin Cash, Ethereum, Litecoi

homesales-030411_20jun18.jpg Existing home sales in the U.S. unexpectedly decreased in the month of May, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales fell by 0.4 percent to an annual rate of 5.43 million in May.

cryptos-june20.jpg Cryptocurrencies are deep in red Wednesday morning after market sentiment was hurt by the news that the South Korean crypto exchange Bithumb announced that over $30 million worth of coins were stolen in a hacking incident. Overall cryptocurrency market cap was $286.47 billion at around 9.34 am ET on CoinMarketCap.

goldmansachs-june20.jpg Lloyd Blankfein, chief executive officer of the investment banking giant Goldman Sachs, said he is not into cryptocurrencies and was at a loss to explain why they should be successful as an asset class. In an interview at the Economic Club of New York, Blankfein said, "But if it [cryptocurrency] did work, I will be able to explain in hindsight why it did."

philipianbank-june20.jpg The Philippine central bank on Wednesday raised its benchmark interest rate for the second straight month as inflation remains above the target. The Monetary Board of the Bangko Sentral ng Pilipinas, led by Governor Nestor Espenilla, raised the key interest rate, which is the overnight reverse repurchase rate, by 25 basis points to 3.50 percent.

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