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Mon, Apr 29, 2024 07:57 AM All times are UTC

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Americas Roundup: Dollar hits June high after data backs further Fed tightening, Wall Street edges lower as tech slide resumes, Oil slides, hits 6-month low on rising global production-June 16th,2017

Jun 15, 2017 21:19 pm UTC| Market Roundups

Market Roundup US Initial jobless claims 237k v 242k forecast, 245k -previous. US Jobless claims 4-wk Avg 243k, 242k - previous. US Industrial production MM 0.0% v 0.2% forecast, 1.1% - previous. US NAHB...

Europe Roundup: BoE, SNB stand pat, dollar gains on more Fed rate hike expectations, European shares near 2-month low - Thursday, June 15th, 2017

Jun 15, 2017 12:37 pm UTC| Market Roundups

Market Roundup EUR/USD -0.48%, USD/JPY +0.19%, GBP/USD -0.33%, EUR/CHF -0.19% DXY +0.37%, DAX -0.85%, FTSE -0.84%, Brent -0.06%, Gold -0.22% UKs Hammond, saved from purge, set to renew Brexit push UK...

Asia Roundup: Aussie rallies on upbeat employment report, kiwi slumps as GDP growth falls short, dollar consolidates amid U.S. political turmoil - Thursday, June 15th, 2017

Jun 15, 2017 06:26 am UTC| Market Roundups

Market Roundup Australia May employment, +42.0k vs forecast +10.0k, last +46.2k Australia May full-time employment, +52.1k, last -5.7k Australia May unemployment rate, 5.5% vs forecast 5.7%, last...

Americas Roundup: Dollar bounces back from 7-month lows after Fed lifts rates as expected, Wall Street dips, Treasury yields edge up, Oil sinks to November lows on shock U.S. gasoline build-June 15th, 2017

Jun 14, 2017 21:51 pm UTC| Market Roundups

Market Roundup Fed raises target interest rate to 1.00-1.25%, sees one more rate hike in 2017. US CPI YY, NSA 1.9% v 2.0% forecast, 2.2% -previous. US Core CPI YY, NSA 1.7% v 1.9% forecast, 1.9% --previous. ...

Europe Roundup: Sterling declines following downbeat UK earning data, dollar steadies as Fed rate hike decision looms, European shares rally - Wednesday, June 14th, 2017

Jun 14, 2017 12:18 pm UTC| Market Roundups

Market Roundup EUR/USD -0.09%, USD/JPY +0.23%, GBP/USD -0.11%, EUR/GBP +0.08% DXY +0.06%, DAX +0.74%, FTSE +0.43%, Brent -1.05%, Gold +0.13% Some dead, at least 50 taken to hospital, as fire engulfs London...

Asia Roundup: Antipodeans gain on mixed Chinese data, dollar range-bound ahead of FOMC decision, markets eye UK employment report - Wednesday, June 14th, 2017

Jun 14, 2017 06:14 am UTC| Market Roundups

Market Roundup China May retail sales y/y, +10.7% vs forecast +10.6%, last +10.7% China Jan-May fixed asset inv y/y, +8.6% vsforecast+8.8%, last +8.9% China May industrial output y/y, +6.5% vsforecast+6.3%,...

Americas Roundup: Dollar slips, hits 2-month low vs loonie, Sterling recovers ground, Wall Street up, Oil prices edge up as Saudis limit exports to Asia, U.S-June 14th,2017

Jun 13, 2017 20:20 pm UTC| Market Roundups

Market Roundup US PPI Final demand YY 2.4% v 2.3 forecast, 2.5% -previous. US NFIB Business Optimism 104.5, 104.50 - previous. US Redbook YY 2.1%, 2.5% forecast. Bank of Canadas Poloz: Rate cuts have...

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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...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

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...

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

KT Innovates Media, Content Business Through AI

KT Group is transforming its media and content business through artificial intelligence (AI). The company is innovating the mentioned units as part of its acceleration strategy. According to Yonhap News Agency, KT said...

Musk Engages China: Baidu’s Data Deal and High-Stakes Hotel Meet with CATL

Tesla CEO Elon Musk is making headlines with a double play in China: securing critical navigation data from Baidu and engaging in strategic talks with CATL. These moves underline Teslas push to lead in global tech and...

Elon Musk Injects $10 Billion Into Tesla AI, Eyes Autonomous Robotaxi

Elon Musk has declared a monumental $10 billion investment in Teslas artificial intelligence, setting the stage for advanced autonomous driving and a potential Robotaxi service. Tesla to Invest $10 Billion in AI for...

OpenAI and Worldcoin Eye Strategic Partnership Amid Regulatory Gaze

Amid escalating regulatory scrutiny, OpenAI, led by Sam Altman, is reportedly discussing a potential partnership with Worldcoin, another venture Altman co-founded. As detailed by Bloomberg, these talks could lead to...

Traders Forecast Best Altseason Since 2017 as Bitcoin Momentum Cools

As Bitcoin stabilizes above $64,000, traders forecast a burgeoning altcoin market that may mirror the explosive growth last seen in 2017. Bitcoin Rebounds Over Weekend, Traders Anticipate Potential Altcoin...