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Monthly archive June, 2018

U.S. Consumer Confidence Unexpectedly Deteriorates In June

Reflecting a deterioration in expectations, the Conference Board released a report on Tuesday showing an unexpected decline in U.S. consumer confidence in the month of June.Original Article Read More →

Confusion over trade policy weighs on markets, lifts dollar

White House officials have sent conflicting signals over trade policy, resulting in wild market swings.

The Dow fell more than 300 points Monday as administration officials sought to clarify President Donald Trump's latest trade-related threat. As Markets continue to Read More →

S&P Lifts Greece Rating On Reduced Debt Servicing Risks

S&P Global Ratings upgraded the sovereign ratings of Greece as the recent Eurogroup relief measures reduced Athens' debt servicing risks. The rating agency raised the credit rating by a notch to 'B+' from 'B', with a 'stable' outlook. S&P observed Read More →

Indian State To Implement Blockchain In Food Supply, Distribution

The Government of Kerala, the southernmost state of India, has launched a project to use the Blockchain technology to make food supply and distribution network more efficient. The new project, which will be implemented through the Kerala Development and Innovation Read More →

Draghi Reiterates ECB To Remain Patient In Hiking Rates

European Central Bank President Mario Draghi reiterated on Tuesday that the bank will adopt a patient approach to tightening policy and stands ready to adjust all its policy tools when needed. On June 14, the central bank decided to halve Read More →

Europe’s First Blockchain Accelerator For Startups Opens In Paris

France has launched Europe's first blockchain accelerator, Chain Accelerator, with a view to supporting new international blockchain startups. It is based in Paris' Station F, the largest startup campus in the world. The move is expected to make Paris a Read More →