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Economy And The Numbers

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cryptos-june25.jpg Bitcoin declined sharply over the weekend and hit a low for the year below $5,900. The top cryptocurrency rebounded later and was trading above the crucial mark of $6,000 Monday morning. The weakness on Sunday emerged after Hyun Song Shin, economic adviser and Head of Research at the Bank of International Settlements in Basel said that some cryptocurrencies could be treated as securities.

new-homesales-062518.jpg New home sales in the U.S. rebounded by much more than expected in the month of May, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales spiked by 6.7 percent to an annual rate of 689,000 in May.

chinese-june25.jpg Bitcoin has dropped to 17th place when the Chinese government revised its official cryptocurrency rankings. China's Center for Information Industry Development (CCID), under the Ministry of Industry and Information Technology, has released the second edition of its state-endorsed cryptocurrency and Blockchain ratings. Chinese altcoin EOS topped the second monthly Global Public Chain Technology E

zebpay3-june25.jpg Zebpay, one of India's leading cryptocurrency exchanges, warned its customers last week that withdrawals in the fiat money, the Indian rupee, could stop soon. The exchange issued the warning as the three-month time-frame given by the Reserve Bank of India for banks to end their existing services to cryptocurrency-related business, ends early July.

germanybusinessclimate-june25.jpg Germany's business confidence weakened, as expected, in June as trade wars weighed on current assessment of companies, survey data from the Munich-based Ifo Institute showed Monday. The business climate index dropped to 101.8 in June from revised 102.3 in May. A similar score was last seen in May 2017. The reading also matched economists' expectations.

Nearly 50 percent of EU27 businesses reduced their investment in the UK in the wake of Brexit, and they reported disruption to supply chains, according to a survey by law firm Baker & McKenzie. About 46 percent of respondents said that their company reduced investment in the UK and 47 percent reported...

Bank of Japan policymakers said the bank should persistently continue with powerful monetary easing as there is still a long way to go to achieve the inflation target, according to Summary of Opinions at the meeting held on June 14 and 15. Further, policymakers said as the reason for the sluggishness...

Malta's current account surplus increased in the three months ended March, figures from the National Institute of Statistics showed Monday. The current account surplus rose to EUR 390.5 million in the first quarter from EUR 247.1 million in the corresponding period last year. The goods and services...

Poland's unemployment rate decreased for the fourth straight month in May, in line with expectations, data from the Central Statistical Office showed Monday. The jobless rate dropped to 6.1 percent in May from 6.3 percent in the previous month. In the corresponding month last year, the unemployment...

Taiwan's industrial production expanded for the third straight month in May, and at a faster-than-expected pace, preliminary figures from the Ministry of Economic Affairs showed Monday. Industrial production advanced 7.05 percent year-over-year in May, but slower than the 8.82 percent spike in April....

Germany's business sentiment weakened in June, reports said citing survey data from Ifo Institute on Monday. The business confidence index fell to 101.8 in June, in line with expectations. The initially estimated score for May was 102.2. The current conditions index came in at 105.1. The reading...

centarlbkchina-june25.jpg China's central bank on Sunday lowered the reserve requirement of some lenders to free up as much as CNY700 billion or $108 billion funds to provide liquidity support for small businesses struggling with debt. The People's Bank of China said in a statement that it will reduce the ratio of cash that banks should retain as reserves by 50 basis points. This is the third reduction this year.

Austria's production index expanded in April from a year ago, data from Statistics Austria showed Monday. The production index that combines output of both industry and construction, advanced 5.9 percent year-over-year in April. Industrial output grew 5.4 percent over the year and construction...

Spain's producer price inflation rose to a 6-month high in May, the statistical office INE said Monday. Producer prices grew 2.9 percent year-on-year in May, faster than the 1.8 percent increase in April. This was the fastest growth since November, when prices gained 3.1 percent. Excluding energy,...

Czech economic sentiment strengthened in June after weakening in the previous month, survey figures from the Czech Statistical Office showed Monday. The economic sentiment indicator climbed to in 15.7 in June from 14.7 in May. At the same time, the consumer confidence index dropped to 10.5 in June...

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