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Economy And The Numbers

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india-crypto-ban-072018.jpg The Supreme Court of India has set September 11 as the final hearing date on a set of writ petitions challenging the central bank's ban on the country's commercial banks from providing services to investors in digital currencies. The apex court resumed hearing on petition by the Internet and Mobile Association of India (IAMAI) Friday. After hearing some arguments from IAMAI and the Reserve Bank,

rttnewspaper-july20.jpg Cryptocurrencies led by Bitcoin had a good week with gains and robust volumes. While the leader held on to gains, several altcoins lost ground as the week progressed. After opening the week on a strong note, the cryptocurrency market sustained the upward momentum that saw the top cryptocurrency Bitcoin spike on Tuesday to cross the $7,000 mark. Volumes surged in tandem.

dailycrypto-july20.jpg Bitcoin was in the green Friday morning, holding above $7,400, while several altcoins including Ethereum were declining. Overall cryptocurrency market capitalization also shrunk and was $284.11 billion as of 10.09 am ET on CoinMarketCap.

Belgium's consumer confidence improved slightly in July for the first time in four months, survey data from the National Bank of Belgium showed Friday. The consumer confidence index rose to 0 from -3 in June. The renewed confidence showed in all components of the indicator, the bank noted. Further,...

seikonoda-july20.jpg A Japanese Minister has denied links to an unregistered cryptocurrency exchange, which is under probe for allegedly violating the Japanese fund settlement law. Japan's Financial Services Agency had warned the Tokyo-based company in January that it was suspected of violating the law on payment services by operating a cryptocurrency exchange as it was not registered to do so, Japanese media reported

Ireland's wholesale prices fell at a slower pace in June, the Central Statistics Office reported Friday. Wholesale prices decreased only 0.2 percent annually, following a 3.3 percent decline in May. Nonetheless, this was the fourth consecutive fall in wholesale prices. On a monthly basis, wholesale...

pound-july20.jpg The UK budget deficit narrowed in June on higher revenue and lower expenditure and public borrowing for the quarter ended June reached its lowest level since 2007, the Office for National Statistics reported Friday. Public sector net borrowing, excluding public sector banks, dropped by GBP 0.8 billion to GBP 5.4 billion. This was the lowest June net borrowing since 2016.

Poland's retail sales grew more than expected in June, figures from Statistics Poland revealed Friday. Retail sales advanced 8.2 percent year-on-year in June versus 5.8 percent expansion seen in last year. Sales were forecast to grow 6.8 percent. On a monthly basis, retail sales increased 3.5 percent...

The euro area government deficit continued to narrow in the first quarter as revenue increased amid a fall in expenditure, figures published by Eurostat showed Friday. The general government deficit to GDP fell to 0.1 percent from 0.6 percent in the fourth quarter. Data showed that government...

Luxembourg's unemployment rate resumed its downward trend in June, after holding steady in the previous month, and was the lowest in over seven years, preliminary data from the statistical office showed Friday. The seasonally adjusted unemployment rate dropped to 5.5 percent from 5.6 percent in both...

The euro area current account surplus declined notably in May, the European Central Bank reported Friday. The current account surplus fell to a seasonally adjusted EUR 22.44 billion from EUR 29.55 billion in April. This was the lowest since March 2015, when it totaled EUR 19.46 billion. The surplus...

The UK budget deficit narrowed in June, the Office for National Statistics said Friday. Public sector net borrowing, excluding public sector banks, dropped by GBP 0.8 billion to GBP 5.4 billion. This was the lowest June net borrowing since 2016. PSNB was bigger than the expected GBP 5 billion. At...

Hungary's average gross earnings grew at the slowest pace in more than a year in May, the Central Statistical Office said Friday. Gross earnings increased 10.9 percent year-on-year in May, which was the weakest growth since February 2017. Economists had forecast earnings growth to slow to 11.2 percent...

Dutch consumer confidence remained unchanged in July, figures from the Central Bureau of Statistics showed Friday. The consumer sentiment index held steady at 23.0 in July. The indicator has remained above 20 since late 2016. Optimism about economic activity over the coming twelve months and their...

Germany's producer prices climbed at the fastest pace in nine months in June, Destatis reported Friday. Producer prices grew 3 percent year-on-year in June, faster than the 2.7 percent increase logged in May. The annual rate matched economists' expectations and was the fastest since September 2017. On...

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