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FxWirePro: ECB leaves key rates unchanged, focus on Lagarde's remarks at presser

Oct 28, 2021 12:45 pm UTC| Central Banks

The European Central Bank (ECB) held interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as was widely...

Central Banking Series

RBA starts three-year countdown to lift in interest rates

Jul 06, 2021 08:55 am UTC| Economy Central Banks

In line with expectations, the Reserve Bank of Australia has announced it will keep official interest rates on hold at 0.10%. But is also ready to start tapering off its unconventional monetary policy measures...

Central Banking Series

It's not the Reserve Bank's job to worry about housing prices

Jun 12, 2021 07:15 am UTC| Economy Central Banks

Once again folks are pointing to the potential danger of Australias low interest rates. This week a poll of so-called market economists by ratings agency Fitch had only 12% of respondents in favour of the Reserve Bank...

The RBA wants to cut unemployment, and nothing — not even soaring home prices — will stand in its way

May 09, 2021 09:21 am UTC| Economy Central Banks

Ahead of the definitive official read of the economy from the treasury in the budget on Tuesday, the Reserve Bank has given us two special insights into its own thinking in the space of 14 hours. They suggest that...

The Bank of Canada must seize the pandemic moment and do more for Canadians

May 09, 2021 09:17 am UTC| Economy Central Banks

The Bank of Canada, like central banks around the world, is currently facing enormous upheaval and uncertainty due to the enduring COVID-19 pandemic. Will its leadership seize the moment as an opportunity to innovate...

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Dec 17, 2020 12:57 pm UTC| Commentary Central Banks

The Indonesian central bank stood pat today, maintaining the policy rate at 3.75 percent. Bank Indonesia maintained its growth projections at -1 percent to -2 percent for 2020, and 4.8 percent to 5.8 percent for the next...

Philippine central bank cuts key policy rate by 25 bps, likely to further cut rates in 2021

Nov 19, 2020 17:30 pm UTC| Commentary Central Banks

The Philippine central bank, BSP, lowered its overnight reverse repurchase rate by 25 basis points to 2 percent. The curt was linked to unfavourable external and domestic factors, such as elevated global uncertainty,...

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Economy

Domino's, Papa John's lead way in boosting US pizza sales

US pizza sales were up 6 percent in 2020, to $27.5 billion, but much of that growth was concentrated among Dominos and Papa Johns, according to data from Technomic. Dominos is the best-selling pizza brand in the US with...

Marriott hopes to lure younger and wealthier travelers by launching NFT collection

Marriott International has partnered with three digital artists, TXREK, JVY, and Erick Nicolay, to launch a non-fungible token (NFT) collection in an effort to lure more young and wealthy travelers. The NFT collection...

New Balance inks 3-year apparel deal with Netball Australia

Netball Australia has signed a three-year apparel partnership with New Balance that would see the Australian national netball team be fitted with the US sports brands gear beginning next months Quad Series, The series...

Premier League may partner with crypto platform to sell NFTs

The Premier League is considering is about partnering with a cryptocurrency platform to sell NFTs, in a slow and cautious move into the sports NFT space. According to the Premier League, several of its clubs already...

Politics

Capitol insurrection: John Eastman says he does not want to comply with subpoenas

One of the key individuals that had a hand in twice-impeached former President Donald Trumps efforts to stay in power even after losing the election was John Eastman. The lawyer who drafted the infamous memo detailing how...

Capitol insurrection: Former chief of staff of Mike Pence cooperating with House Committee

The House Committee investigating the Capitol insurrection has so far grilled dozens of key witnesses, including former Trump officials. The panel appears to be picking up more steam as the former chief of staff to former...

Donald Trump admits committing obstruction of justice in interview

More details of the possible crimes committed by twice-impeached former President Donald Trump are surfacing in recent months. In his latest interview on Fox News, the former president admitted to committing obstruction of...

Kevin McCarthy facing 'a huge problem' as House Minority Leader struggles to control caucus

House Minority Leader Kevin McCarthy has come under intense scrutiny over the past days regarding his ability to lead his caucus due to the recent scandals. An analyst claims that McCarthy may be facing a big problem as he...

Science

Suntory develops 100% plant-based PET bottle

The Suntory Group has created a prototype polyethylene terephthalate (PET) bottle made from 100 percent plant-based materials as a crucial step toward eliminating all petroleum-based virgin plastic from its bottles and...

New study shows drinking coffee, tea may reduce risk of dementia, stroke

Coffee and tea drinkers had lower risks of dementia and stroke, according to a study published in Plos Medicine in November 2021. This study involved 365,682 participants aged 50 to 74 years from the UK...

Doosan Robotics launches collaborative robot cafe

Doosan Robotics Co. has produced an unmanned modular robot cafe, which refers to a robot that can work with a human. The unmanned modular robot cafe is 1.8 meters wide, 1.59 meters long, and 1.85 meters high. Doosan...

Nissan to roll out unmanned vehicle for traversing the moon's surface

Nissan Motor Co. rolled out on Dec.2 an unmanned rover prototype to operate on the moon using its electric cars all-wheel-control technology to let it operate under harsh conditions. The Japan Aerospace Exploration...

S. Korean researchers find use for apple peel and crab apple as natural pigment

South Koreas Apple Use Research Institute has developed a reddish natural pigment extraction and recycling method using wasted apple peel and crab apples. Apple peel contains the reddish natural pigments called...

Technology

Ubisoft launches NFT platform this week with free ‘Ghost Recon Breakpoint’ NFTs

Ubisoft has been one of the video game giants to confirm its commitment to exploring NFT integration to its popular IPs. That is becoming a reality this week as the company launches its blockchain-supported platform called...

Leak: Samsung Galaxy Tab S8 Ultra has a notch and two front-facing cameras

The display notch may have been removed from many smartphones over the last two years, but it is certainly making a comeback in other devices. And it appears that an all-new Galaxy Tab S8 model is yet another product where...

WhatsApp adds default disappearing message timer for all new chats

Before Facebook became Meta, the social media empire faced widespread backlash over policy changes earlier this year that raised concerns on how it handles user data and online privacy on WhatsApp. But Meta appears to be...

Pixel Buds A-Series firmware update to increase bass range and improve device switching

Firmware updates for wireless earbuds are usually uneventful, but that is not the case with the upcoming firmware version 282 for Pixel Buds A-Series. It is confirmed to deliver important new features for better audio...

‘The Matrix Awakens’ goes live at The Game Awards on December 9

Epic Games confirmed the release of an upcoming demo of its Unreal Engine 5 called The Matrix Awakens. However, video game fans who have been waiting for a new game should manage their expectations because the demo does...
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