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Italy July Current Account Surplus Rises

Italy’s current account surplus for July grew from the same period last year, largely due to an improvement in the services surplus, figures from the Bank of Italy showed Wednesday. The current account surplus increased to EUR 8.607 billion from EUR 7.864 billion a year ago. Surplus in the services trade rose to EUR 1.116…

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Gold Rises On Dollar Weakness

Gold prices inched higher on Wednesday as the dollar weakened despite renewed concerns about the U.S.-China trade war. Spot gold was up 0.55 percent at $1,203.28 an ounce while U.S. gold futures were up by 0.4 percent at $1,207.90 an ounce. The U.S-China trade conflict looks set to escalate after China said it would retaliate…

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Eurozone Construction Output Rises At Slower Pace

Eurozone construction output grew at a slower pace in July reflecting contraction in civil engineering, Eurostat reported Wednesday. Construction output rose 0.3 percent month-on-month, slower than the 0.7 percent increase in June. This was the fourth consecutive rise in production. Building construction advanced 1.9 percent, while civil engineering fell 4.4 percent in July. On a…

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Thailand Central Bank Holds Key Rate Steady Again

Thailand’s central bank kept its interest rate unchanged on Wednesday, as policymakers assessed that the policy stance remained conducive to the continuation of economic growth and maintenance of the inflation target. The Monetary Policy Committee of Bank of Thailand voted 5-2 to hold the policy rate at 1.50 percent. The decision was in line with…

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Oil Holds Near $80 On Supply Concerns

Oil prices steadied near $80 a barrel on Wednesday as investors eyed disruptions to global supplies once U.S. sanctions on Iran come into force. Benchmark Brent crude was marginally lower at $79.02 a barrel after rising 1.3 percent on Tuesday amid reports that Saudi Arabia, the world’s largest oil exporter, was comfortable with prices above…

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Crypto Lexicon – BITCOIN FAUCET

BITCOIN FAUCET is a means to dispense bitcoins as a reward. These are often websites or mobile apps that dispense bitcoins in its small units or satoshis as rewards for visiting them or for performing some small task such as captcha completion. Faucets dispense bitcoins at regular intervals of time. Many of those who are…

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Portugal Producer Price Inflation Accelerates For Fifth Month

Portugal’s industrial producer prices accelerated for a fifth straight month in August, figures from Statistics Portugal showed Wednesday. The producer price index rose 4.6 percent year-on-year following 4.5 percent in July. Producer prices have been rising steadily since April. Excluding energy, producer prices climbed 1.9 percent year-on-year in August, same as in July. On a…

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Eurozone Current Account Surplus Declines In July

The euro area current account surplus decreased in July largely due to a fall in visible trade surplus, the European Central Bank reported Wednesday. The current account surplus fell to a seasonally adjusted EUR 21 billion in July from EUR 24 billion in June. The surplus on trade in goods decreased to EUR 19 billion…