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Economy And The Numbers

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singapore-hongkong-ico-042518.jpg Token sales ban in China and South Korea is perhaps turning into a blessing in disguise for Singapore and Hong Kong, where the number of initial coin offerings has skyrocketed in recent months. The phenomenal increase in the number of companies launching ICOs in the Chinese self-administered territory and Singapore is attributed to a favorable environment they provide to companies that seek to ra

rekt-cryptocurrency2-042518.jpg Borrowed from online gaming slang, REKT means wrecked or ruined, usually in reference to a big loss suffered in a cryptocurrency trade. An example from a reddit post: "I saw a 12 Million Dollar position get liquidated last night, some people got completely rekt."

Spain's producer price inflation rose slightly in March, the statistical office INE showed Wednesday. Producer prices climbed 1.3 percent year-on-year in March, faster than the 1.2 percent increase in February. Meanwhile, excluding energy, producer price growth eased to 1.2 percent from 1.4 percent...

Poland's unemployment rate decreased less than expected in March, data from the Central Statistical Office showed Wednesday. The jobless rate dropped to 6.6 percent in March from 6.8 percent in the previous month. The rate was forecast to fall to 6.5 percent. In the corresponding month last year,...

Switzerland's investor confidence deteriorated further in April, survey data from the investment bank Credit Suisse and the CFA Society Switzerland showed Wednesday. The Credit Suisse CFA Society Switzerland Indicator that reflects expectations of financial analysts for the economy in the coming six...

France consumer confidence improved unexpectedly in April, survey data from the statistical office Insee showed Wednesday. The consumer sentiment index rose to 101 in April from 100 in March. The reading was expected to remain unchanged at 100. Households were almost as optimistic as in March...

Austria's production index expanded in February from a year ago, data from Statistics Austria showed Wednesday. The production index that combines output of both industry and construction, advanced 5.1 percent year-over-year in February. Industrial output grew 4.6 percent over the year and construction...

Germany's construction orders grew notably in February, figures from Destatis showed Wednesday. New orders in the main construction industry climbed 9.9 percent month-over-month in February. Orders surged 13.0 percent in February from a year earlier. During the first two months of the year, new...

europeanecopreview-042518.jpg Consumer confidence from France is due on Wednesday, headlining a light day for the European economic news. At 2.45 am ET, the French statistical office Insee publishes consumer sentiment survey results. The indicator is forecast to remain unchanged at 100 in April.

Japan's all industry activity rebounded at a slower-than-expected pace in February, data from the Ministry of Economy, Trade and Industry showed Wednesday. The all industry activity index rose 0.4 percent month-over-month in February, reversing a 0.1 percent drop in January. That was just below the...

South Korea's consumer confidence weakened for the fifth successive month in April, survey data from Bank of Korea showed Wednesday. The consumer sentiment index fell to 107.1 in April from 108.1 in March. Consumer sentiments regarding current living standards and their future outlook remained...

The South Korea stock market has finished lower in three straight sessions, sliding more than 20 points or 0.9 percent along the way. The KOSPI now rests just beneath the 2,465-point plateau and it's tipped to open in the red again on Wednesday. The global forecast for the Asian markets is soft thanks...

Ibovespa, the benchmark stock index in Brazil, closed down by 0.16%, to 85,469.08 points, amid increasing risk aversion in the face of the rising yields of the 10-year Treasuries, which broke the 3% barrier for the first time since 2014. In the geopolitical arena, the uncertainty of Donald Trump's course...

Aerolineas Argentinas plans to eliminate the business class in domestic flights, said Mario Dell'Acqua, the company's chairman, at a joint press conference along with Transport Minister Guillermo Dietrich and Mauricio Macri's Chief-of-Staff Marcos Pera. With the move, the state-owned air company aims...

Japan will on Wednesday see February figures for its all industry activity index, highlighting a light day for Asia-Pacific economic activity. The index is expected to rise 0.5 percent on month after tumbling 1.8 percent in January. Also, the markets in Australia and New Zealand are closed on Wednesday...

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