ECUADOR: Government Assesses CAN Resolution On Withdrawal Of Customs Fee

Ecuador evaluates the recent resolution of the General Secretariat of the Andean Community (CAN) that rules the withdrawal of the Customs Control Service Fee. The CAN adopted the resolution on April 20 and gave ten working days to Ecuador to withdraw the customs fee, considering that it contravenes its legal mechanisms for being a tax. ...

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UNASUR: Bolivia To Seek Consensus With Countries That Suspended Presence

Bolivia’s President Evo Morales intends to open talks with his counterparts in the six countries that suspended his participation in the Union of South American Nations (Unasur) to find consensus in the election of the new Secretary General of that multilateral organization, said the official Bolivian news agency. “We are ...

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ECUADOR: Moreno Claims That ELN Has Not Agreed To Abandon Violence

The president of Ecuador, Lenin Moreno, claimed that the National Liberation Army (ELN) Colombian guerrilla group has not accepted to abandon violent activities. He made the comment after the departure of the delegates of the ELN, who was in Ecuador to take part in the fifth round of the peace ...

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Dollar Losing Ground As Treasury Yields Rise

After several days of gains, the dollar is pulling back against all of its major rivals Tuesday afternoon. The weakness appears to be due to the continued rise in U.S. treasuries yields, which crossed the 3 percent level earlier today. It was the first time yields have hit that level ...

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Gold Rallies Back From Monthly Low

Gold prices fought back Tuesday, supported by safe haven demand due to falling U.S. stocks. Significant losses on Wall Street overshadowed today’s economic news, most of which was related to the housing market. At last check, gold was up $8 at $1332 an ounce, improving from a monthly low. U.S. ...

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BRAZIL: Flat Steel Sales Up 3.4% In March To 262.9 Thousand Tons

Flat steel sales in Brazil rose 3.4% in March 2018 compared to the same period in 2017, reaching 262.9 thousand tons, said the country’s Institute of Steel Distributors (INDA). Compared to the previous month, there was a 1.2% increase. Meanwhile, flat steel purchases fell 1.3% in March compared to the ...

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U.S. New Home Sales Jump Much More Than Expected In March

New home sales in the U.S. jumped by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said new home sales soared by 4.0 percent to an annual rate of 694,000 in March after surging up by ...

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U.S. Consumer Confidence Unexpectedly Improves In April

After reporting a pullback in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing an unexpected rebound in consumer confidence in the month of April. The Conference Board said its consumer confidence index rose to 128.7 in April from a revised 127.0 in ...

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Yen Falls Against Majors

The Japanese yen declined against its major counterparts in the European session on Tuesday amid risk appetite, as oil extended gains amid Middle East tensions and the dollar held steady near its highest level since January on expectations for a faster pace of interest-rate hikes. Oil prices soared amid expectations ...

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German Business Confidence At 13-Month Low

German business confidence deteriorated more-than-expected to a 13-month low in April on trade tensions, survey data from the Munich-based Ifo Institute showed Tuesday. The business sentiment index fell to 102.1 from 103.3 a month ago. This was the lowest reading since March 2017, when the reading was 101.3. The score ...

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