Prime News: Wall Street Mostly Higher as Nasdaq Ends at Record Peak

U.S. equities finished mostly higher on Tuesday as investors priced in more corporate quarterly reports. The Nasdaq reported its eighth session in a row of advances, the longest streak since its 10-day string in February 2015.
The Dow Jones industrial …

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ARGENTINA: YPF, PAE, Total And Wintershall To Invest $ 1.15m

Pan American Energy, Total Austral (Total), Wintershall Energ?a and YPF signed agreements to produce shale gas at Vaca Muerta in exchange for a US$ 1.15 billion investment in the next five years.

The oil companies and the province agreed to divide t…

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BRAZIL: Gerdau And Arcelor To Raise Hot Rolled Steel Prices

After Usiminas raised hot rolled steel prices by 10.7% in Brazil last week, steelmakers like Gerdau and Arcelor should follow that move due to rising prices abroad, said Carlos Loureiro, the chairman of Brazil’s National Institute of Steel Distributo…

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BRASKEM: Moody's Puts Ba1 Rating Under Review For Possible Downgrade

Credit rating agency Moody’s placed Braskem’s credit rating ‘Ba1’ under review for a potential downgrade due to the delay in filing the audited financial statements for 2016. Braskem’s note review by Moody’s will be completed in up to 90 days.

“The …

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COLOMBIA: Time To Strengthen Trade With Cuba – Santos

Colombian President Juan Manuel Santos started a business conference in Cuba aimed to identify trade opportunities. “It’s the ideal moment to take advantage of these good relations that we have with Cuba,” he said.

The president arrived in Havana th…

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BRAZIL: Flat Steel Sales Drop 14.7% In June To 223.2 Thousand Tons

Sales of flat steel in Brazil fell by 14.7% on year in June, decreasing to 223.2 thousand tons, according to data from the National Institute of Steel Distributors (Inda). On a monthly basis, flat steel sales fell 7.4% in June.

Meanwhile, flat stee…

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