U.S. Industrial Production Jumps More Than Expected In February

After reporting a modest decrease in U.S. industrial production in the previous month, the Federal Reserve released a report on Friday showing a substantial rebound in production in the month of February. The Fed said industrial production surged up by Read More →

U.S. Consumer Sentiment Unexpectedly Improves In March

A preliminary report released by the University of Michigan on Friday showed an unexpected improvement in U.S. consumer sentiment in the month of March. The preliminary reading on the consumer sentiment index for March came in at 102.0, up from Read More →

Deep Fall In Bitcoin Trade In India Over Regulatory Concerns

Cryptocurrency exchanges in India have witnessed a deep fall in trading on bitcoin this year, a new report says. India's prominent finance daily, the Economic Times, reported the gloomy picture of the country's cryptocurrency market Friday, quoting Mohit Kalra, Chief Read More →

Singapore CB Chief Says Cryptocurrency Regulation Must Not Stifle Innovation

Central banks and regulators are finding it a challenge to regulate cryptocurrencies, but they must be careful that innovation is not stifled in their eagerness to rein in these new tokens, Monetary Authority of Singapore Managing Director Ravi Menon said.Read More →

India’s HDFC Bank Bans Cryptocurrency Transactions Using Cards

India's HDFC Bank has banned the transaction of cryptocurrency using its debit or credit cards. The second largest private sector lender in India informed the decision in an e-mail sent to all its cardholders citing concerns expressed by the Reserve Read More →

U.S. Homebuilder Confidence Shows Modest Decrease In March

Homebuilder confidence in the U.S. saw a modest decrease in the month of March, according to a report released by the National Association of Home Builders on Thursday. The report said the NAHB/Wells Fargo Housing Market Index edged down to Read More →