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|Posted: 1st August 2018, 02:27 Post subject: December. The latest reading
|NEW YORK Mitch Richmond Jersey , March 1 (Xinhua) -- The U.S. dollar decreased against most major peers on Tuesday despite positive economic data from the country.
The U.S. manufacturing index registered 49.5 percent in February, an increase of 1.3 percentage points from the January reading of 48.2 percent and topping market expectations, the Institute Supply Management (ISM) said Tuesday.
The U.S. economic data came out mixed recently. The National Association of Realtors said Monday that U.S. Pending Home Sales Index decreased 2.5 percent to 106.0 in January from an upwardly revised 108.7 in December. The latest reading was under market consensus of a 0.5-percent gain.
According to the second estimate released Friday by the Commerce Department, U.S. real gross domestic product (GDP) increased at an annual rate of 1.0 percent in the fourth quarter of 2015, beating the market consensus of 0.4 percent.
In the previous estimate Mike Bibby Jersey , the increase in real GDP for the fourth quarter of 2015 was 0.7 percent.
In late New York trading, the euro fell to 1.0865 dollars from 1.0883 dollars of the previous session, and the British pound rose to 1.3962 dollars from 1.3916 dollars. The Australian dollar went up to 0.7181 dollar from 0.7140 dollar.
The dollar bought 114.06 Japanese yen, higher than 112.83 yen of the previous session. The greenback declined to 0.9998 Swiss franc from 0.9990 Swiss franc, and dropped to 1.3394 Canadian dollars from 1.3517 Canadian dollars.
HAVANA Malachi Richardson Jersey , May 29 (Xinhua) -- Cuba will conclude its current tobacco harvest with almost 30,000 tons of leaves, which is expected to increase incomes of one of the island's main exports and have a positive impact on its economy.
The state-owned Tabacuba business group on Monday reported a "favorable" harvest as all cigar companies in the country fulfilled the plantation process. However, not all of them will complete the scheduled productions.
Gonzalo Rodriguez, agricultural director of Tabacuba Justin Jackson Jersey , said to local media that the western province of Pinar del Rio, where the best leaves are planted, contributed about 70 percent of the national production and will try to reach 19,000 tons.
"We'll advance on a project to promote tobacco plantations in the eastern and central areas of the island in order to supply the Holguin cigar factory which has a demand of more than 8,000 tons of leaves Jason Williams Jersey ," he said.
Rodriguez highlighted the "significant" increase in "covered tobacco," which is a method to grow the crop inside a cloth covered house that filters sunlight and retains the heat allowing bigger and thinner leaves.
"These thin leaves collected at these plantations are used to cover the outside layer of premium cigars to give them the finest taste of all," he said.
In addition, he said the island hopes to complete the harvest in mid-July and then start planting seeds for the next tobacco campaign.
Last year, Cuba reached 24 Harry Giles Jersey ,000 tons of leaves during its tobacco harvest, according to official data provided by Tabacuba.
Tabacuba runs 96 cigar factories in the nation, 46 of which are dedicated exclusively to producing cigars for exports and are entirely rolled by hand.
This industry employs about 200,000 workers in the island, and the figure rises to 250 Georgios Papagiannis Jersey ,000 at the peak of the harvest.
Cigar exports are the fourth source of revenues to Cuba's gross domestic product, which reached 445 million U.S. dollars in 2016.
Currently, the main clients of Cuban cigars are customers in Spain, France, China and Germany.
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