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europeanunion-bitcoin-terrorism-042018.jpg The European Parliament has passed with overwhelming majority a proposal by the European Council to introduce strict regulation for virtual currencies, like Bitcoin, to prevent them being used for money laundering and terrorism financing. The EU Parliament had reached an agreement with the European Council in December to bring cryptocurrencies under "closer regulation." The MEPs supported the de

Spain's foreign trade deficit decreased in February from a year ago, as exports grew faster than imports, preliminary figures from the Economy Ministry showed Friday. The trade deficit narrowed to EUR 2.2 billion in February from EUR 2.6 billion in the corresponding month last year. Exports climbed...

Hungary's employee wage growth eased at a faster-than-expected pace in February, figures from the Hungarian Central Statistical Office showed Friday. Gross earnings advanced 11.9 percent year-over-year in February, slower than the 13.8 percent rise in January. Economists had expected the growth to...

Turkey's consumer confidence improved slightly in April after weakening in the previous month, survey data from the Turkish Statistical Institute showed Friday. The consumer confidence index climbed to 71.9 in April from 71.3 in March. The financial situation expectation of household index fell...

Estonia's producer price inflation accelerated in March after easing in the previous month, data from Statistics Estonia showed Friday. Producer prices climbed 2.9 percent year-over-year in March, faster than the 2.6 percent rise in February. The price index for the manufacturing sector grew 1.5...

Germany's producer price inflation accelerated for the first time in six months in March, though marginally, figures from Destatis showed Friday. Producer price inflation rose to 1.9 percent in March from February's 14-month low of 1.8 percent. The rate was forecast to increase to 2.0 percent. Excluding...

Dutch consumer confidence improved marginally in April, while spending growth accelerated, figures from the Central Bureau of Statistics showed Friday. The consumer sentiment came in at 25 in April versus 24 in the preceding month. In April, the opinion about the economic climate was slightly more...

retailsales-uk-041918.jpg UK retail sales declined more-than-expected in March on unusually cold and adverse weather, official data revealed Thursday. Retail sales including auto fuel, dropped 1.2 percent month-on-month in March, in contrast to a 0.8 percent rise in February, the Office for National Statistics reported. Sales were forecast to fall 0.6 percent.

Poland's industrial production grew at a slower-than-expected pace at the end of the first quarter, figures from Statistics Poland showed Thursday. Industrial production climbed 1.8 percent year-on-year in March, slower than the expected 3.0 percent rise. Among components, manufacturing advanced...

Italy's current account surplus decreased in February from a year ago, the Bank of Italy reported Thursday. The current account surplus fell to EUR 839 million from EUR 1.48 billion in the corresponding month last year. The trade in goods showed a surplus of EUR 2.71 billion compared to EUR 2.88...

Germany's economy is forecast to expand at a faster pace as the upturn in the global economy stimulate exports amid strong labor market underpinning domestic activity, the leading economic institutes said in a joint report released Thursday. In the Joint Economic Forecast, the agencies said the largest...

UK retail sales declined more than expected in March, the Office for National Statistics showed Thursday. Retail sales including auto fuel, dropped 1.2 percent month-on-month in March, in contrast to a 0.8 percent rise in February. Sales were forecast to fall 0.6 percent. Similarly, excluding...

The International Monetary Fund said the short-term financial stability risks have increased somewhat against the backdrop of slightly tighter financial conditions. In the Global Financial Stability Report, the lender said the medium-term risks are still elevated as financial vulnerabilities, which...

europeanecopreview-041918.jpg Retail sales from the UK and current account from euro area are due on Thursday, headlining a light day for the European economic news. At 4.00 am ET, the European Central Bank is slated to issue euro area current account figures for February. The current account surplus totaled EUR 37.6 billion in January.

Dutch unemployment rate decreased more than expected in March, figures from the Central Bureau of Statistics showed Thursday. The seasonally adjusted jobless rate dropped to 3.9 percent in March from 4.1 percent in February. The rate was forecast to fall to 4.0 percent. In the corresponding month...

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