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Economy And The Numbers

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The Chilean Copper Commission (Cochilco) raised its 2018 average copper price estimate to US$ 3.06 per pound, from US$ 2.95 per pound earlier. For 2019, Cochilco estimates the average price to reach US$ 3.11 per pound. Sergio Hernández, the Commission's Executive Vice President, said that the estimate...

Argentinean state-owned oil company YPF sealed a definitive agreement with Statoil Argentina, a subsidiary of Statoil Holding Netherlands, to the joint exploration and development of the Bajo del Toro area, located in the Argentinean Province of Neuquén. Through the agreements, YPF transferred a 50%...

cryptocurrencies-011818.jpg A cryptocurrency is a digital asset that works on a medium that uses cryptography, the science of hiding information from prying eyes, to secure its transactions, creation, and verification.

Ripple-011818.jpg Ripple is one of the most popular cryptocurrencies in South Korea, a leading market for cryptocurrencies, where both young and old have been investing heavily in these currencies with the hope of making a quick profit. XRP has moved into the top five cryptocurrencies by market capitalization on CoinMarketCap amid their dramatic rise over the last year.

South Africa's central bank kept its key interest rate unchanged on Thursday and gave an upbeat outlook for economic growth, although from a low base. The Monetary Policy Committee of the South African Reserve Bank held its key interest rate steady at 6.75 percent. The decision was taken in a majority...

PhiladelphiaFed-011818.jpg Growth in activity in the Philadelphia-area manufacturing sector slowed by more than anticipated in the month of January, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday. The Philly Fed said its index for current manufacturing activity in the region slid to 22.2 in January.

Housingstarts-US-011818.jpg A report released by the Commerce Department on Thursday showed a steep drop in new residential construction in the U.S. in the month of December. The report said housing starts tumbled by 8.2 percent to an annual rate of 1.192 million in December.

Joblessclaims-US-011818.jpg First-time claims for U.S. unemployment benefits pulled back to their lowest level in nearly 45 years in the week ended January 13th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 220,000.

Growth in activity in the Philadelphia-area manufacturing sector slowed by more than anticipated in the month of January, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday.

A report released by the Commerce Department on Thursday showed a steep drop in new residential construction in the U.S. in the month of December.

First-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended January 13th, according to a report released by the Labor Department on Thursday.

Bundesbank President Jens Weidmann defended Germany's large budget and current account surpluses after the International Monetary Fund Managing Director Christine Lagarde said the government should make use of surpluses to promote growth. Weidmann said raising public spending in order to reduce Germany's...

Turkey's central bank left its key interest rates unchanged on Thursday for a sixth consecutive session, citing high inflation. The Monetary Policy Committee, led by Governor Murat Cetinkaya, decided to hold the one-week repo rate at 8 percent, in line with economists' expectations. The overnight...

bitcoin1-011818.jpg Bitcoin was the wonderkid of the financial markets in 2017 with the price of the cryptocurrency, once dismissed as something reserved for the geeks, cryptography enthusiasts and the darknet, skyrocketing to unprecedented levels, alternating with several nosedives.

South Africa's wholesale trade increased for the first time in eight months in November, preliminary figures from Statistics South Africa showed Thursday. Wholesale sales climbed 1.2 percent year-over-year in November, reversing a 0.7 percent fall in October. On a monthly basis, wholesale trade...

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