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Economy And The Numbers

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Brazil's center-south sugarcane crush for the 2018-19 crop was 27.33% up from April until May 16 compared to the same period from a year before, totaling 80.518 million tons, said the Union of Sugarcane Industry (Unica). Total ethanol production reached 4.813 billion liters, up 54.73% from a year...

The one-day interbank deposit futures rates (DI rates) in Brazil opened a tad higher, amid news that a strike from truck drivers is creating shortages of some products and as traders react to Petrobras' decision to cut diesel oil prices in an attempt to help the Brazilian government defuse that crisis. The...

The Brazilian state-owned oil company Petrobras lowered diesel oil prices by 10% and will keep them unchanged for 15 days, in an attempt to give time to the government to end a truck driver strike that started to bite the country's economic activity. Petrobras adjusts fuel prices almost daily, based...

bitcoin-drop-052418.jpg Bitcoin continued to lose its weight for the fourth consecutive day this week, pointing to the possibility of extending the slide further to $7,000 in the next 24 hours. The most popular Cryptocurrency opened at $7,650 on Thursday, and was trading for $7272 at a later stage on Bitfinex - its lowest point since April 12. Although it recovered slightly within hours, BTC lost its value by 5 percent

india-crypto-gst-052418.jpg India may slap an 18 percent Goods and Services Tax on cryptocurrency trades, and Bitcoin and its peers could be treated as intangible goods similar to software, the business news outlet BloombergQuint reported, citing people familiar with the matter. The proposal comes even as there is uncertainty regarding the legal status of cryptocurrency in the country.

existing-home-sales-052418.jpg After reporting a bigger than expected increase in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Thursday showing existing home sales pulled back by much more than expected in the month of April.

ecb-052418.jpg ECB policymakers agreed that the underlying growth momentum in the euro area remained intact, though the uncertainty regarding the outlook has increased, the minutes of the European Central Bank's April 25-26 rate-setting session showed Thursday.

Belgium's business confidence weakened in May mainly due to the significant deterioration in the services sector, a survey by the National Bank of Belgium showed Thursday. The business confidence indicator dropped to 0.2 from 1.0 in April. Sentiment was unchanged in the manufacturing industry,...

cryptocurrencies-daily-roundup-052418.jpg Bitcoin and its peers continued their declining trend from the past few days on Thursday amid heightened concerns over increasing regulation. The top cryptocurrency dropped below $7,300, before bouncing back modestly. Here is wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

joblessclaims-052418.jpg For the second consecutive week, the Labor Department released a report on Thursday showing a weekly increase in first-time claims for U.S. unemployment benefits. The Labor Department said initial jobless claims climbed to 234,000 in the week ended May 19th.

ddos2-02418.jpg DDoS is short for distributed denial of service. This is a form of cyber attack, common in the cryptocurrency and fintech world. In a DDoS attack, an army of zombie computers flood the targeted website or network with superfluous service requests.

Policymakers agreed that the underlying growth momentum in the euro area remained intact, though the uncertainty regarding the outlook has increased, the minutes of the European Central Bank's April 25-26 rate-setting session showed Thursday. "It was widely felt that uncertainty surrounding the outlook...

For the second consecutive week, the Labor Department released a report on Thursday showing a weekly increase in first-time claims for U.S. unemployment benefits.

bitcoin-halal2-052418.jpg A mosque in East London has reportedly declared that Bitcoin is acceptable in the eyes of Allah, if it is "transacted in a lawful manner." Religious advisers at the Masjid Ramadan in Dalston, east London, have made it clear that Muslims can make Ramadan donations using Bitcoin, media reports say. The mosque issued the Fatwa at the beginning of the holy month of Ramadan, during which Muslims are

germanygdp-051518.jpg Germany's economic growth halved as estimated in the first quarter on weak trade and government spending, detailed data from Destatis showed Thursday. Gross domestic product grew 0.3 percent sequentially, slower than the 0.6 percent expansion seen in the previous quarter. This was the weakest growth in more than a year and matched the provisional estimate published on May 15.

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