Menu

Search

Central Banking Series

Game of Loans: the Reserve Bank of Australia loses its heir apparent to Fortescue's green fund

Mar 12, 2022 11:20 am UTC| Economy Central Banks

The Reserve Bank of Australia was roiled today by the resignation of its Deputy Governor Guy Debelle, who is leaving with only six days notice. Dr Debelle said that he was resigning to become chief financial officer of...

Central Banking Series

Stock markets have been a one-way bet for many years thanks to the 'Fed put' – but those days are over

Feb 23, 2022 22:38 pm UTC| Economy Central Banks

The prospect of a Russian invasion of Ukraine have sent the markets into a tailspin, compounding fears around inflation that have been building over the past few months. The SP 500 is trading at 10% below its recent...

Central Banking Series

Top economists expect RBA to hold interest rates low in 2022, as real wages fall

Feb 02, 2022 09:26 am UTC| Economy Central Banks

Australias leading forecasters expect the Reserve Bank to resist pressure to lift interest rates all year, despite rising interest rates overseas, much higher inflation, plunging unemployment, and financial market traders...

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...

1 2 3 4 5 6 7 8 9 10   

Economy

McDonald's, Wendy's slapped with 'deceptive ads' lawsuit for alleged untrue size of beef patties

McDonalds and Wendys fast-food chains have been sued, and the lawsuit has already been filed at a court in New York. The suit stemmed from complaints that said the burger joints are misleading the customers by falsely...

Mastercard launches ‘wave to pay’ biometric allowing customers to pay using the face or hand gesture in stores

Mastercard introduces an innovative and unique to pay in this era of robots and advanced automation. The American financial service company is piloting its Biometric Checkout Program that allows customers to pay just using...

Amorepacific apologizes for employees’ ₩3 billion heist

AmorePacific, a South Korean beauty, and cosmetics chaebol issued an apology on Tuesday, May 17, after it was revealed that three of its staff stole money from the company. The employees were said to have embezzled a total...

Reebok stores in Russia up for sale, Turkish retailer FLO Magazacilik reportedly in talks to take over

Reebok is selling over 100 of its stores in Russia and Turkeys retail company, FLO Magazacilik, is currently in discussion for the acquisition of the properties. The talks were reportedly confirmed by the latters chairman,...

Samsung reportedly raising prices of its semiconductor products

Samsung Electronics Co. is reportedly mulling on hiking prices for its chips. It is considering up to a 20% increase, and this was first reported on Friday. The company is said to be currently in talks with foundry...

Politics

UN calls on Iran to stop execution of Swedish-Iranian national

Iran is set to execute a Swedish-Iranian national who is being charged with espionage against the country. The United Nations Human Rights office is now calling on Tehran to stop the execution from taking place. Reuters...

Myanmar coup: Shadow government defense chief urges West to provide arms to resistance in fight against junta

It has been more than a year since the Myanmar military seized control of the country and ousted its democratically-elected government. The defense chief of the countrys shadow government has now urged the West to provide...

North Korea: UN warns COVID outbreak may lead to 'devastating' consequences for human rights

The isolated nation of North Korea is tackling an outbreak of COVID-19 infections in the country, resulting in a nationwide lockdown. With the measures in place, the United Nations warned that the consequences of the...

Kevin McCarthy has 'nowhere to run' following subpoena from Jan. 6 committee, says former federal prosecutor

The congressional committee investigating the January 6 insurrection has moved towards issuing subpoenas to several sitting Republican members of Congress in recent weeks. According to a former federal prosecutor, House...

Science

Hyundai Mobis’ monitoring system reduces drowsy driving risks by 30%

Hyundai Mobis Co. has come up with an in-house brainwave-based driver monitoring system that can reduce the risk of drowsy driving by up to one-third. The system, dubbed M.Brain, is a wearable earpiece that continuously...

California start-up Bionaut Labs to send tiny robots on voyage into brains

California start-up Bionaut Labs will conduct its first clinical trials on sending miniature robots deep inside the human skull to treat brain disorders The tiny injectable robots can be guided through the brain using...

Kirin, Meiji University develop electric chopsticks that make low-salt food taste salty

Food producer Kirin and Meiji University have developed a pair of chopsticks that stimulate the taste of salt in foods with low salt content through extensive research. This technology, which has yet to be named,...

Japanese researchers develop plastic with self-repairing powers

Japanese researchers have found a way to create self-repairing plastics that can be used in many products and reduce the amount of waste now polluting the planet. It might have practical applications for home...

Osaka University team proves safety of iPS-based cornea transplant

An Osaka University research team has concluded that the worlds first clinical trial, transplanting corneal tissues derived from induced pluripotent stem cells, or iPS cells, was safe and effective. According to the...

Technology

‘Fall Guys’ shifts to a free-to-play model next month

Fall Guys will be the next multiplayer game that will shift to a free-to-play model. The change will take place along with its launch on other consoles, along with its move from Steam to Epic Games Store next month. The...

Spotify tests in-app NFT previews on some artist pages

Spotify is exploring NFT opportunities, starting with providing in-app previews of digital media on select artist pages. But the company might have more in store as it recently asked subscribers to answer a survey that...

‘Cyberpunk Edgerunners’ trailer to be revealed at Netflix’s ‘Geeked Week’ event in June

Fans of Cyberpunk 2077 will finally see the first trailer for the animated series Cyberpunk Edgerunners. Nearly two years after the project was announced, the show is confirmed to be one of the titles to be featured in the...

Pixel Watch is reportedly powered by the 4-year-old Exynos 9110

While Google has officially announced its first Pixel Watch, the wearable device is not slated to arrive in stores until later this year. But new details have emerged in the rumor mill regarding its technical...

‘GTA V’ sales surpass 165 million after the next-gen version’s launch

The nearly decade-old GTA V continues to prove as one of the best-selling IPs for publisher Take-Two Interactive. The company confirmed that the game has sold another five million copies in the last quarter. During...
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.