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VENEZUELA: Constituent Assembly Assumes Legislative Powers

Venezuela’s National Constituent Assembly (ANC) has assumed legislative duties, putting aside the opposition-controlled Parliament, after legislative directors have ignored a summon by the ANC. In the face of the absence of members of the National Assembly (AN), the ANC, controlled by President Nicol?s Maduro’s allies, approved a decree through which it took legislative powers. According ...

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ARGENTINA: Country To Resume Pork Imports From The United States

Argentina will soon resume importing pork from the United States for the first time since 1992, according to reports. The announcement came a few days after U.S. Vice President Mike Pence visited Argentinean President Mauricio Macri in Buenos Aires. According to a White House statement, the United States is the ...

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USIMINAS: Steelmaker To Increase Prices Again, By 13.1%

Brazilian steelmaker Usiminas said it will further increase the price of products directed to the distribution network by 13.1% as of September 1. The reason, according to the company, is “the readjustment of steel prices in the international market.” This was the latest Usiminas’ adjustment price announced in about a ...

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COLOMBIA: Inflation To Close 2017 Above Target – Central Bank

Colombia’s central bank indicated that inflation expectations for December 2017 are at 4.1% per year, slightly above the ceiling of the monetary authority’s target, between 2% and 4%. In 12 months, the annual inflation rate in Colombia will be at 3.6%, added the central bank in its August inflation report. ...

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ISA: Company Included In FTSE4Good Index For Sustainability Practices

The FTSE Russell Group included Colombia’s Interconexi?n El?ctrica (ISA) in the FTSE4Good Index due to its compliance with the “ethical values of the stock market, as well as the global standards of corporate responsibility.” The FTSE4Good exalts companies on the stock exchange, which comply with global corporate investment standards and ...

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COLOMBIA: Colcap Rises 0.44% Driven By Bancolombia’s ADRs

Colcap, the main index of the Colombian Stock Exchange, rose 0.44%, closing at 1,477.21 points Friday, due to the strong performance of Bancolombia Preferencial shares. During the week, the Colombian stock market increased 0.96%. Camilo Thomas, an analyst at Alianza Valores, said that Bancolombia shares rebounded after losing some ground ...

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ARGENTINA: Merval Sets New Record

Merval, the main index of the Buenos Aires Stock Exchange, rose 1.16%, closing at 22,988.27 points Friday and setting a new record high still due to the euphoria of the investors after the ruling coalition’s victory in last Sunday’s primary legislative elections. In the week, driven by the results, the ...

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Poland’s Industrial Output Falls More Than Forecast

Poland’s industrial production declined more than expected in July on sharp reduction in manufacturing, data from the Central Statistical Office revealed Friday. At the same time, producer price inflation accelerated in July, the statistical office said in a separate communique. Industrial production fell 8.5 percent in July from June, bigger ...

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