China Retail Sales Rise 10.2% In November

Retail sales in China were up 10.2 percent on year in November, the National Bureau of Statistics said on Thursday. That missed forecasts for 10.3 percent but was still up from 10.0 percent in October. The bureau also noted that industrial production advanced an annual 6.1 percent – matching forecasts and down from 6.2 percent ...

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Australia November Jobless Rate Unchanged At 5.4% In November

The jobless rate in Australia came in at a seasonally adjusted 5.4 percent in November, the Australian Bureau of Statistics said on Thursday. That was in line with expectations and unchanged from the October reading. The Australian economy added 61,600 jobs last month to 12,403,000 – shattering expectations for a ...

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COLOMBIA: Oil Companies Should Invest At Least US$ 4.5 Billion In 2018

The Colombian Petroleum Association (ACP) estimates that local companies in the sector plan to invest between US$ 4.5 billion and US$ 4.9 billion in exploration and production in 2018, which would represent a 30% to 45% growth compared to 2017. The projection is based on Brent crude oil prices of ...

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COLOMBIA: Government Tries To Reopen Markets For Meat

The Colombian Minister of Agriculture and Rural Development, Guillermo Zuluaga, launched an intensified trade and diplomatic agenda to reopen international markets for Colombian meat, shortly after the World Organization for Animal Health (OIE) reestablished Colombia’s sanitary status as a country free of foot-and-mouth disease (FMD) by vaccination. The OIE’s representative ...

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Australia Unemployment Data Due On Thursday

Australia will on Thursday release unemployment data for November, highlighting a busy day for Asia-Pacific economic activity. The jobless rate is expected to hold steady at 5.4 percent, with the addition of 19,000 jobs following the gain of 3,700 jobs in October. The participation rate is called steady at 65.1 ...

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ARGENTINA: Country Sets 8% Exporting Tariff For Biodiesel

The Argentinean government set an 8% exporting tariff to biodiesel as of January 1, 2018. In a decree published Wednesday in Argentina’s Official Gazette, the government said that it is “necessary to harmonize the exporting rights of biodiesel and that of its main raw material, soybean oil, to achieve convergence ...

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COLOMBIA: Government Freezes Prices Of More Than 600 Food Items

The Colombian government ordered a price freeze of more than 600 food items at nine supply centers in the country. The decision affects a wide range of food products – such as grains, processed foods and poultry, beef and fish meats – and should be in place between December 15 ...

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Gold Finds Footing As Fed Frets Low Inflation

Gold futures rose Wednesday as the Federal Reserve hiked interest rates but hinted at a “wait-and-see” approach to further rate hikes. As expected, the Fed raised the benchmark U.S. interest rate to a range of 1.25% to 1.5%. However, the Fed maintained earlier forecast for just three 1/4-point rate hikes ...

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ECB To Boost Growth Outlook As Stellar Year Comes To A Close

The European Central Bank is set to raise its growth forecasts on Thursday as the single currency economy gained momentum in a remarkably uneventful year, boosting policymakers’ confidence as they gear up to trim asset purchases in January. The Governing Council, led by ECB President Mario Draghi, is widely expected ...

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