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Although the United Kingdom is a member of the European Union, it has not yet adopted the Euro as its currency, so it is not part of the European Monetary Union. There are a number of reasons for this, but perhaps most famous is the country's forced withdrawal from the Exchange Rate Mechanism, the precursor to the Euro. As we have touched on in previous lessons, before joining the Euro countries were required to meet certain criteria, one of which was to keep the value of their currency within certain ...
Retail sales in New Zealand gained a seasonally adjusted 1.1 percent on quarter in the second quarter of 2018, Statistics New Zealand said on Wednesday. more...
The number of Bitcoin ATM machines (BATM) installed across the world has crossed the 3,500 threshold, according to Coinatmradar.com. Bitcoin ATMs are installed in 73 countries in the world. Two thirds of them are concentrated in North America. Out of a total of 3,504 BATMs worldwide, 2163 are installed in the United States, and 613 in Canada. Genesis Coin and General Bytes make up over half of all installations. Markets seem to be seeking ...
China's exports growth exceeded expectations in July, despite the U.S. imposing tariffs on $34 billion Chinese goods. Data from the General Administration of Customs showed on Wednesday that exports advanced 12.2 percent year-on-year in July. This was faster than the 10 percent rise economists had forecast. more...
Following a two-day meeting of the Federal Open Market Committee, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged. Citing realized and expected labor market conditions and inflation, the Fed said it decided to maintain the target range for the federal funds rate at 1.75 to 2 percent. more...
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