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Wed, May 15, 2024 04:04 PM All times are UTC

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Asia Roundup: Antipodeans on track for weekly losses, dollar supported by Fed rate hike view, crude oil gains on output cut expectations - Friday, May 12th, 2017

May 12, 2017 06:22 am UTC| Market Roundups

Market Roundup China c.bank injects 66.5 bln yuan via 6-mth MLF and 392.5 bln yuan via 1-yr MLF - statement China launches emergency probe on banks to check risky lending - sources U.S., China reach deals...

Americas Roundup: Dollar weakens but outlook stays positive on Fed hike view, Wall Street dips, Oil gains on more support for OPEC cuts, optimism about U.S. crude draw-May 12th, 2017

May 11, 2017 20:47 pm UTC| Market Roundups

Market Roundup US Initial jobless claims 236k v 245k forecast, 238k previous. US Jobless claims 4-wk Avg 243.5k, 243k - previous. US PPI final demand YY 2.5% v 2.2% forecast, 2.3% - previous. US PPI final...

Europe Roundup: Sterling slides on downbeat economic data, dollar off 8-week peak against yen, European shares trade in red - Thursday, May 11th, 2017

May 11, 2017 11:38 am UTC| Market Roundups

Market Roundup EUR/USD +0.05%, USD/JPY -0.1%, GBP/USD -0.15%, EUR/GBP +0.2% DXY -0.1%, DAX flat, Silver +1.4%, Copper +1.8%, Brent +1.6% Sterling dips after UK output data disappoints, trade gap...

Asia Roundup: Kiwi hits 11-month low as RBNZ stands pat, dollar touches 8-week peak against yen, sterling consolidates ahead of BoE policy meeting - Thursday, May 11th, 2017

May 11, 2017 05:59 am UTC| Market Roundups

Market Roundup RBNZ holds rates at 1.75%, retains neutral bias RBNZ gov: Need to see pick-up in inflation to consider tightening RBNZ assistant gov: Inflation expectations unchanged, rate bias...

Americas Roundup: Dollar steadies against euro as risk appetite boosts greenback, Gold eases, Oil jumps on drop in U.S. crude stocks, possible OPEC cut extension-May 11th, 2017

May 10, 2017 20:53 pm UTC| Market Roundups

Market Roundup US Import prices MM 0.5% v 0.2% forecast, 0.1% -previous. US Export prices MM 0.2% v 0.1% forecast, 0.1% - previous. Morgan Stanley pares U.S. recession view to 25% from 30%. Republican...

Europe Roundup: Sterling hits 3-week high against euro ahead of BoE decision, dollar eases versus yen on geo-political tensions, European shares off 21-month peak - Wednesday, May 10th, 2017

May 10, 2017 11:37 am UTC| Market Roundups

Market Roundup EUR/USD -0.1%, USD/JPY -0.1%, GBP/USD +0.1%, EUR/GBP -0.2% DXY -0.1%, FTSE +0.2%, DAX flat, Gold +0.1%, Copper -0.3% EUR/USD hits 2-week low of 1.0858 Dollar slips initially after Comey...

Asia Roundup: Aussie steadies on mixed Chinese data, dollar off highs after Trump fires FBI Director Comey, crude oil edges up on supply cut expectations - Wednesday, May 10th, 2017

May 10, 2017 05:56 am UTC| Market Roundups

Market Roundup BoJ Gov Kuroda Not thinking now of changes to policy mix, YCC main focus. Too early to talk on specific exit strategies, monitoring FX impact on economy. BoJ Apr 26-27 Policy Board meeting...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

If the RBA’s right, interest rates may not fall for another year. Here’s why.

The Reserve Bank is now assuming Australians will see no interest rate cuts this year and quite possibly none before the next federal election, due next May. Thats a big change compared to just three months ago. Back...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

Science

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

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...

Technology

Spot Bitcoin ETF: Vanguard Might Join BlackRock in Major Market Shift

With the appointment of new CEO Salim Ramji, Vanguard may soon enter the spot Bitcoin ETF market, potentially joining industry leader BlackRock and marking a significant shift in the investment landscape. Vanguards New...

FLOKI Price Soars 14% After Revolut Listing, Market Rally Anticipated

The price of FLOKI surged over 14% today following its listing on Revolut Business, Europes largest neobank, driving investor enthusiasm and market optimism for continued gains. FLOKIs 14% Surge Follows Revolut Listing...

GameStop, AMC Stocks Soar as 'Roaring Kitty' Returns, Sparking Meme Stock Frenzy

Shares of retail investor favorites GameStop and AMC Entertainment surged on Tuesday, fueled by social media posts from Keith Gill, also known as Roaring Kitty, the key figure behind the 2021 meme stock...

ECB Calls for Monitoring and Possible Regulation of AI in Finance

The European Central Bank (ECB) has highlighted the need for careful monitoring and potential regulation of artificial intelligence (AI) in the financial sector to prevent harm to consumers and ensure market stability....

BYD Launches Shark Hybrid Pickup in Mexico, Eyes New Factory Amid US Tariff Hike

BYD has introduced its Shark hybrid pickup truck to the Mexican market, with plans for a new factory, aiming to bolster its North American footprint despite recent U.S. tariff hikes on Chinese electric vehicles. BYDs...