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Retail sales in Japan were down a seasonally adjusted 1.6 percent on month in May, the Ministry of Economy, Trade and Industry said on Thursday. That missed forecasts for a decline of 1.0 percent following the 1.4 percent increase in April. On a yearly basis, retail sales climbed 2.0 percent -...

Japan will on Thursday release May figures for retail sales, highlighting a modest day for Asia-Pacific economic activity. Retail sales are expected to fall 1.0 percent on month and rise 2.8 percent on year after gaining 1.4 percent on month and 3.2 percent on year in April. Sales from large retailers...

BOE-Carney-062817.jpg Monetary stimulus may need to be withdrawn to some extent in future, Bank of England Governor Mark Carney said Wednesday, altering his view from earlier this month when the bank left the interest rate and asset purchases unchanged. The pound jumped as Carney made the remark.

PendingHomeSales-062817.jpg Pending home sales in the U.S. unexpectedly decreased for the third consecutive month in May, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index fell by 0.8 percent to 108.5 in May.

JonCunliffe-062817.jpg Bank of England Deputy Governor Jon Cunliffe said Wednesday that this is not the right time to adjust interest rates, a stance in accordance with the views of Governor Mark Carney, but different from the bank's chief economist Andrew Haldane.

Brazil's President Michel Temer disqualified the complaint presented against him by the chief federal prosecutor Rodrigo Janot, arguing that it lacks concrete evidence. "I was denounced for passive corruption without ever having received values. I never saw that money, and I did not participate in arrangements...

South American shares were mostly lower, with Brazil underperforming after the chief prosecutor in the country charged President Michel Temer with corruption. Traders fear that the political turbulence caused by the event end up delaying Congressional votes on economic reforms. ARGENTINA Merval Index...

State-owned oil company Ecopetrol reported "intimidation" against workers and blockades that have been occurring since Monday at Rubiales field, the largest in Colombia, by several people who identified themselves as members of the Alto Unuma indigenous community. Demonstrators seized the facilities...

The Revolutionary Armed Forces of Colombia (FARC) handed over the last portion of its arsenal, in the final act of the arms abandonment by the guerrilla group. FARC's weapons were delivered in a public ceremony in the state of Meta within the framework of the peace agreement signed last year with the...

Brazil's balance of payments posted a US$ 600 million surplus in May, significantly lower than the one recorded a year ago, when there was a US$ 3.756 billion surplus, according to data released by the Brazilian Central Bank. Last month, the capital account was positive at US$ 12 million, compared to...

Argentina's President Mauricio Macri stressed to Chilean lawmakers the importance of an increase in both nations integration and of an improvement in bilateral trade. Macri's made the comments during a speech at Chile's National Congress. Maur?cio Macri also pointed out that Argentina and Chile should...

Argentina's federal prosecutor Juan Pedro Zoni pressed charges against the country's Finance Minister Luis Caputo for the 100-year term debt issued by the government due to presumable "criminal conduct" in prejudice of the state. Judicial sources said that the prosecution had followed a complaint filed...

ConsumerConfidence-062717.jpg Consumer confidence in the U.S. unexpectedly improved in the month of June, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index rose to 118.9 in June from a downwardly revised 117.6 in May.

Draghi-062717.jpg The European Central Bank will need to be prudent in withdrawing monetary stimulus as that can be done only gradually with the euro area still in need of considerable policy support to bring inflation back to target in a sustainable way, ECB President Mario Draghi said Tuesday.

Mexico's unemployment rate was at 3.5% of the economically active population in May, falling back to the level posted at the start of this year, which corresponds to the lowest unemployment reading since December 2007. In April, the unemployment rate was at 3.6%, while in May 2016 it was at 4.0%.

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