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Economy And The Numbers

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Singapore-Budget-021918.jpg Singapore plans to raise existing taxes to strengthen the city-state's fiscal footing to meet growing expenditure needs and to prepare for unforeseen events, Finance Minister Heng Swee Keat said in his budget speech on Monday. Heng said the government intends to lift the Goods and Services Tax by two percentage points, to 9 percent from 7 percent, sometime in the period 2021-2025.

CFTC-Crypto-Pump-and-Dump-021918.jpg The Commodity Futures Trading Commission (CFTC) has offered a reward to whistle-blowers who give information on Virtual currency and digital token "pump-and-dump" schemes. "If you have original information that leads to a successful enforcement action that leads to monetary sanctions of $1 million or more, you could be eligible for a monetary award of between 10 percent and 30 percent," CFTC said.

Portugal's producer price inflation eased for the second straight month in January, figures from Statistics Portugal showed Monday. Producer prices rose 1.3 percent year-over-year in January, slower than the 2.2 percent increase in December. Excluding energy, producer price inflation accelerated...

Latvia-CBGovernor-021918.jpg Bank of Latvia's President Ilmars Rimsevics was arrested by his country's anti-corruption bureau as part of a criminal investigation on Sunday. Prime Minister Maris Kucinskis announced that the Corruption Prevention and Combating Bureau (KNAB) has "applied a status of the detained to the President of the Bank of Latvia within the framework of criminal proceedings."

Eurozone construction output increased for the second successive month in December, though slightly, data from Eurostat showed Monday. Construction output rose a seasonally adjusted 0.1 percent month-over-month in December, following a 0.2 percent gain in November, which was revised down from a 0.5...

The euro area current account surplus decreased at the end of the year, data from the European Central Bank showed Monday. The current account surplus fell to a 6-month low of EUR 29.9 billion in December from EUR 35 billion in November. The surplus on trade in goods rose to EUR 30.9 billion in...

Finland's consumer price inflation accelerated in January, after easing in the previous month, figures from Statistics Finland showed Monday. The consumer price index climbed 0.8 percent year-over-year in January, faster than December's 0.5 percent increase. The measure has been rising since April...

Current account data from euro area is due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Finland's consumer price data is due for January. Inflation had eased to 0.5 percent in December from 0.8 percent in November. At 4.00 am ET, the European Central Bank is...

Thai-GDP-021918.jpg Thailand's economy expanded at a slower pace at the end of 2017 but the full-year growth was the fastest in five years. Gross domestic product grew 4 percent year-on-year in the fourth quarter, slower than the 4.3 percent expansion posted in the third quarter, the National Economic and Social Development Board reported Monday. The rate was expected to remain at 4.3 percent.

British households' current financial pressures intensified at the sharpest pace in seven months in February, results of a survey by IHS Markit and market research company Ipsos Mori revealed Monday. The seasonally adjusted Household Finance Index, of HFI, dropped to 42.2 in February from 42.9 in...

Thailand's economy expanded at a slower pace in the fourth quarter, the National Economic and Social Development Board reported Monday. Gross domestic product grew 4 percent year-on-year in the fourth quarter, slower than the 4.3 percent expansion posted in the third quarter. The rate was expected...

New Zealand's service sector activity continued to expand strongly in January, survey figures from Business NZ showed Monday. The performance of services index, or PSI, dropped to 55.8 in January from 56.0 in December. However, any reading above 50 indicates expansion in the sector. The sub-index...

The average asking price for a house in the United Kingdom was up 0.8 percent on month in February, property tracking website Rightmove said on Monday - coming in at 300,001 pounds. That follows the 0.7 percent increase in January. On a yearly basis, house prices climbed 1.5 percent, accelerating...

Japan had a merchandise trade deficit of 943.417 billion yen in January, the Ministry of Finance said on Monday. That exceeded forecasts for a shortfall of 1,003.6 billion yen following the 358.7 billion yen deficit in December. Exports advanced an annual 12.2 percent, topping expectations for...

Japan will on Monday release January numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In December, imports were up 14.9 percent and exports were up 9.3 percent for a trade surplus of 359.0 billion yen. Thailand will provide Q4 figures...

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