ARGENTINA: Country And Chile Seeks To Liberalize Bilateral Trade

Argentina and Chile intends to make bilateral trade more flexible. Therefore, a trade liberalization agreement should be sent to the Congresses of both countries. The announcement came after a meeting between the Argentinean president, Mauricio Macri, and his Chilean counterpart, Sebastian Pinera, in Buenos Aires. Pinera is in his first official trip to a foreign ...

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BRAZIL: Credit Operations Volume Up 0.6% In March, To R$ 3.1 Trillion

The total volume of credit operations in the Brazilian financial system rose 0.6% in March over February, totaling R$ 3.081 trillion (US$ 879.28 billion), said the South American country’s Central Bank. In 12 months, credit operations in Brazil were up 0.1%. According to the Brazilian Central Bank, the volume of ...

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KLABIN: Net Income Falls 79.2% In 1Q18, To R$ 125 Million

Klabin’s net income totaled R$ 125 million (US$ 35.7 million) in the first quarter of 2018, a 79.2% decrease over the same period in 2017. Over the last quarter of 2017, the Brazilian papermill reversed a net loss of R$ 83 million. Klabin’s net revenue totaled R$ 2.189 billion, a ...

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Treasuries Regain Ground Following Recent Downtrend

After trending lower over the past several sessions, treasuries showed a notable move back to the upside during trading on Thursday. Bond prices moved higher early in the session and remained firmly positive throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of ...

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Euro Declines As ECB President Draghi Cautions Over Soft Indicators

The euro dropped against its major opponents in the New York session on Thursday, erased its recent gains, after the European Central Bank President Mario Draghi acknowledged recent signs of moderation in bloc’s economic growth, with some countries experiencing a loss of momentum. There has been some moderation in the ...

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U.S. Weekly Jobless Claims Drop To Lowest Level Since 1969

First-time claims for U.S. unemployment benefits fell to their lowest level in nearly five decades in the week ended April 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dropped to 209,000, a decrease of 24,000 from the previous week’s revised ...

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