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Americas Roundup: Dollar declines on views of dovish Fed after BoJ move, weak data, Gold climbs to 3-month high –February 2nd, 2016

Feb 01, 2016 23:03 pm UTC| Market Roundups

Market Roundup U.S. cons spending flat; savings at three-year high may hint at growth in near-term. Markit Mfg PMI revised down to 52.4 from 52.7. U.S. construction spending up slightly (0.1%) in Dec from -0.6% in...

Europe Roundup: European shares slip on weaker Euro Zone and China data, Sterling struggles on Brexit poll - Monday, February 1st, 2016

Feb 01, 2016 12:14 pm UTC| Market Roundups

Market Roundup EUR/USD bid in Europe. Trading from 1.0843 to 1.0867 levels. USD/JPY off Fridays 121.70 peak. Plays in between 121.00 to 121.49 levels. GBP/USD knee-jerk 1.5322 high after higher-than-expected...

Asia Roundup: Yen nurses broad based losses, poor China data fails to support, Antipodeans edge lower - Monday, February 1st, 2016

Feb 01, 2016 06:45 am UTC| Market Roundups

Market Roundup Japan Jan PMI mfg - final 52.3, flash 52.4, December 52.6. China Jan Caixin PMI mfg 48.4, 48.0 eyed, Dec 48.2, 11th straight shrinkage but new orders sub-index 48.5, highest in 7 months. China Jan...

Americas Roundup: Dollar rises After US GDP data, Yen falls on BoJ move, oil rises on hopes for production deal -January 30th, 2016

Jan 29, 2016 23:10 pm UTC| Market Roundups

Market Roundup US Q4 GDP rises 0.7% vs 0.8% forecast. US Q4 employment costs rise 0.6 as per forecast. Chicago PMI beats 55.6 vs forecast.45.0; high estimate WAS 48.5. Canada producer prices fall in Dec as cheap...

Europe Roundup: World shares rise on BoJ's stunt, Yen slumps, Oil drives Sterling lower - Friday, January 29th, 2016

Jan 29, 2016 12:29 pm UTC| Market Roundups

Market Roundup BOJ stuns markets with surprise move to negative interest rates. USD/JPY initially jumps 2%, later trims gains. Trading in between 118.38 to 121.49 range. Brent gives up 2.5% early gains and back to...

Asia Roundup: Yen slumps after BoJ surprised with negative rate policy, markets await US prelim Q4 GDP data - Friday, January 29th, 2016

Jan 29, 2016 06:53 am UTC| Market Roundups

Market Roundup Japan Dec industrial output -1.4% m/m, -0.3% eyed, fall biggest since May 15, Jan forecast at +7.6% (prev +6.0%), Feb -4.1%. Japan Dec nationwide core CPI +0.1% y/y, Tokyo Jan core -0.1%, +0.1% forecast...

Americas Roundup: Dollar falls as weak U.S. data suggests gradual rate hike view, gold retreats from 12-week high-January 29th, 2016

Jan 28, 2016 23:13 pm UTC| Market Roundups

Market Roundup US Mfg weakening as job market firms, Durable goods orders tumble 5.1% in Dec, core capital goods orders fall 4.3%. US jobless claims fell in latest week, 278k vs 282k forecast, 4-wk avg 283k. US...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

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...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

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...

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,...

Technology

Crypto.com's F1 Sponsorship Expansion Sparks Global Visibility Drive

Crypto.com, one of the top exchanges in the digital currency ecosystem, is set to expand its sporting ad budget. Notably, the trading platform is looking to expand its dominance in its push for global...

Stablecoins Set to Overtake Visa, Ripple CEO Affirms XRP and ETH Not Securities

Stablecoins are poised to challenge Visas dominance in payment volume, marking a significant shift in the crypto landscape. Meanwhile, Ripple CEO Brad Garlinghouse asserts that XRP and Ethereum (ETH) are not securities,...

Justin Sun Dominates Swell L2 with 46% of Deposits in eETH

Justin Sun, founder of Tron, has again surged into the limelight, this time for his colossal cryptocurrency deposits. The crypto tycoon, utilizing the pseudonymous address 0x7a9…3095, recently funneled a staggering...

Leaked: New Huawei Luxeed SUV Images Fuel Anticipation for Tech Upgrades

Recently leaked photos allegedly showcasing the Huawei Luxeed SUV have ignited speculation over the vehicles advanced features and smart technology, potentially setting a new benchmark in the automotive...

Bitfinex CTO Deems Database Breach Claims 'Fake' Amidst Hacker Allegations

Bitfinexs Chief Technology Officer Paolo Ardoino has cast doubts on claims of a database breach by hacker organization FSOCIETY, branding the allegations as fake. Ardoino refuted the purported leak of 22,500 user emails...