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  • Business
    Reuters

    EMERGING MARKETS-Mexico, Chile lead Latam FX up after US data; Brazilian equities lag

    * Petrobras slumps after its CEO to step down * Peruvian economy contracts in March * Colombia Grupo Aval's profits fall 73% in Q1 * Latam stocks edge up 0.1%, FX up 0.3% (Updated at 1916 GMT) By Shashwat Chauhan and Johann M Cherian May 15 (Reuters) - The pesos of Mexico and Chile led Latin American currencies higher on Wednesday, as the dollar slid after a softer-than-expected U.S. inflation report, while worries about state-run oil giant Petrobras weighed on Brazilian equity markets. MSCI's index for Latin American currencies rose 0.3% against the dollar which dropped to month-ago levels after data showed April U.S. consumer prices rose less than expected, reinforcing expectations that the Federal Reserve will cut interest rates in September.

  • Business
    Barrons.com

    Gasoline Prices Boosted Inflation Last Month, But They’re Falling Now

    Rising gasoline prices were one of the main reasons inflation stayed relatively hot in April, with overall prices rising 0.3% month over month. Gasoline prices rose 2.8% in April over March levels, one of the largest increases in the consumer price index. As of this week, the average gasoline price is $3.61 a gallon, according to the EIA, down from $3.64 a week ago.

  • Business
    Barrons.com

    Oil Rises as U.S. Inventory Declines

    Oil prices increase as the U.S. commercial crude stockpile falls more than expected in the week of May 10. The EIA says that U.S. crude oil inventories are about 4% below the five-year average for this time of year.