Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Central Banks

Sat, Apr 27, 2024 03:40 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

ECB monetary policy is weakening the Euro

Aug 17, 2015 07:11 am UTC| Commentary Central Banks

If Greek membership in the euro area is indeed to be irreversible, the Eurozone will need to implement for far-reaching reforms, or be willing to enter into further bail-out negotiations. With the Greek crisis over, the...

Westpac Sees RBA on hold despite dovish market pricing

Aug 17, 2015 04:10 am UTC| Commentary Central Banks

Westpac chief economist Bill Evans sees the Reserve Bank of Australia keeping interest rates on hold well into next year, even as the market prices in a high chance of a cut by November. Westpac chief economist Bill Evans...

Fed's September rate hike still on the cards

Aug 16, 2015 23:11 pm UTC| Commentary Central Banks

The impact of China and of the weaker oil price complicates monetary policy decisions in both the UK and the US. After its August meeting the Bank of England intimated that a hike in policy rates is now unlikely this year,...

RBA watching China closely

Aug 16, 2015 20:29 pm UTC| Commentary Central Banks

The RBA board minutes (Tuesday) is not expected to have much market impact given the RBA outlined its updated outlook in the Statement on Monetary Policy. The RBA minutes have also been overtaken by events in that they...

ECB's July minutes reveal cautious optimism

Aug 13, 2015 16:35 pm UTC| Commentary Central Banks

The account of the monetary policy meeting of 15-16 July suggests that the members viewed the ECBs policy measures to be on track, having contributed to improving confidence and growth, to a reduction in economic slack and...

Mexico monetary policy minutes: The hawks are stretching their wings

Aug 13, 2015 16:05 pm UTC| Commentary Central Banks

Banxico published the minutes of the monetary policy meeting of July 30. At that time, the board decided to keep the reference rate unchanged, but the minutes reveal that one member (out of four) had a preference to hike....

European Central Bank confident on inflation

Aug 13, 2015 13:54 pm UTC| Insights & Views Central Banks

According to latest European Central Bank (ECB) minutes released today, officials are ever more confident over inflation and the ability of current policy to reign on deflation. As per latest minutes monetary policy of...

791 792 793 794 795 796 797 798 799 800

Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Apple Partners with OpenAI for On-Device AI in iOS 18, Enhancing Privacy

Apple Inc. has reignited discussions with OpenAI to integrate advanced AI features into iOS 18, utilizing large language models entirely on-device. According to a Bloomberg report, this move promises to significantly...

Republic First Bank Shut Down by Regulators, Crypto Prices Tumble

In a significant regulatory move, the Pennsylvania Department of Banking and Securities has closed Republic First Bank, marking the first major U.S. bank collapse of 2024. The closure has sparked heated reactions within...

Shiba Inu Tops Robinhood, 300M Dogecoin Moves As Market Eyes Breakout

Shiba Inu leads this weeks Robinhood cryptocurrency rankings as it surges 11%, while a massive 300 million Dogecoin transfer to Robinhood signals a potential market breakout, stirring interest among traders and...

Tesla Sets Late 2025 Launch for Semi, Expands Megapack Production

Tesla Inc. has confirmed the launch of its Semi truck for late 2025, with broader customer deliveries expected in 2026. This announcement coincides with the expansion of Teslas Megapack production at its Lathrop...

SHIB Price Climbs as Shibarium Upgrade Sparks Optimism Among Investors

The Shiba Inu cryptocurrency surged over 4% on April 26, buoyed by executive enthusiasm for the forthcoming Shibarium upgrade to enhance the platforms functionality and security. Shibarium Upgrade Fuels Market Optimism,...