UK services PMI lifts pound off 3-week lows but growth lags Eurozone UK services PMI Manufacturing and services PMI released in the UK this week indicate the British economy continues to expand at a moderate pace, easing concerns of a sharper slowdown or a recession as the Brexit uncertainty bites on growth. However, when put
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Dollar breaks 92 level During the European trading, the focus turned back to the economic calendar and specifically to the US PPI figures and the UK labor data, leaving geopolitical issues out of the spotlight for the moment. The dollar crossed above the 92-key level as risk appetite returned and developments on the US fiscal
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Medical Marijuana: Canopy Growth In Australia Ontario, Canada-based Canopy Growth Corp. said it has signed a supply agreement with AusCann Group Holdings Ltd. to be its exclusive supplier of medical cannabis for the Australian market. Canopy will transfer a range of medicines for research and commercialization in Australia. The deal will also allow Canopy to
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Bitcoin Press Release: The world’s first Bitcoin and cryptocurrency payments platform with consumer protections, UTRUST will enable the unbanked worldwide to transact with the global financial system, and predicts inclusion in the digital economy could boost GDP of all emerging economies by US$3.7 trillion by 2025. UTRUST predicts Payments startup UTRUST believes that with 2.5 billion unbanked people
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Japan Q2 GDP Growth Revised Down to 0.6% Japan Q2 GDP Growth Revised The Japanese economy advanced 0.6 percent quarter-on-quarter in the June quarter of 2017, below preliminary estimates of a 1.0 percent expansion. Business spending grew much slower than expected and private consumption rose slightly less than anticipated.  Despite the downward revision, Japan has
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