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Wed, May 01, 2024 08:36 AM All times are UTC

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FxWirePro: Take a look on relative values in Sterling and Swedish Krona

Jun 29, 2020 15:52 pm UTC| Research & Analysis Central Banks

GBP is one of the currencies most vulnerable to COVID -19, not only because the damage to public finances is larger than most other countries (a 2020 fiscal deficit of 16% of GDP). This reliance on inflows renders GBP more...

Regulatory Series on Cryptocurrencies: BIS Sheds Some Light on Evolution of CBDC Amid Pandemic Covid-19

Jun 29, 2020 08:32 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views

Amid the widening of outbreak of Covid-19, various central banks across the globe seem to be inclined for the digital currency system. Day by day the total number of confirmed cases and reported casualties of the deadly...

FxWirePro: CBT Stuns Markets, Turkish Lira Drifts In Sideways – Uphold Call Spread To Hedge USD/TRY

Jun 26, 2020 13:38 pm UTC| Research & Analysis Central Banks Insights & Views

The Central Bank of Turkey (CBT) maintained status quo during its June meeting, kept benchmark one-week repo at 8.25 percent surprising markets that had forecast of a 25 bps rate cut, saying that pandemic-related rise in...

Philippine central bank surprisingly lowers interest rate by 50 bps, unlikely to cut again in August

Jun 25, 2020 11:47 am UTC| Commentary Central Banks

Philippine central bank unexpectedly lowered its overnight reverse repurchase rate today by 50 basis points to 2.25 percent. The BSP policy rate is now at a historic low. Governor Benjamin Djokno noted that low interest...

FxWirePro: Deploy Directional Structures For USD/BRL On Hopes Of Further BCB Cuts

Jun 24, 2020 14:33 pm UTC| Research & Analysis Central Banks Insights & Views

Last week, the Brazilian central bank cut its key interest rate by 75 bps to 2.25%. Remarkably, it left the door open for another small cut in its accompanying statement. And this despite the fact that in May there was...

Bank of Thailand keeps interest rate on hold at 0.50 pct, lowers 2020 growth forecast to -8.1 pct

Jun 24, 2020 13:20 pm UTC| Commentary Central Banks

The Bank of Thailand maintained its key policy rate at 0.50 percent during its meeting today. The decision to keep the interest rate on hold was unanimous. Meanwhile, the central bank revised its 2020 growth projections to...

BoE extends asset purchase program by further GDP 100 billion

Jun 18, 2020 15:24 pm UTC| Commentary Central Banks

The Bank of Englands Monetary Policy Committee agreed to extend its asset purchase program by a further GBP 100 billion, beyond the GBP 200 billion of purchases sanctioned back in March. The outcome was not unexpected...

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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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

The Mattei Plan: why Giorgia Meloni is looking to Africa

Since coming to power, Giorgia Melonis government has been remarkably orthodox in its foreign policy. Unwavering support for Ukraine, loyalty to the Atlantic Alliance and full participation in the European Union - these...

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,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

The 50th anniversary of Portugal’s Carnation Revolution

Across Portugal, a number of photography exhibitions are currently on display that commemorate the ousting of the Estado Novo, the dictatorial, authoritarian and corporatist political regime that had ruled the country...

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

BYD Profits Drop 47%, Tesla Launches Cybertruck Off-Road Guide Amid EV Price War

Amid a fierce EV price war in China, BYDs profits plummeted by 47% in the first quarter of 2024. This contrasts sharply with Teslas proactive approach, which includes releasing a detailed off-road guide for Cybertruck...

US Court Sets May Hearing for Terraform Labs, Do Kwon Remedies

On May 22, the U.S. District Court for the Southern District of New York is set to consider proposed financial remedies from Terraform Labs and its co-founder, Do Kwon, following a fraud verdict. The court will hear...

Bitcoin Traders Unfazed by 20% Drop: 'Pretty Ordinary Stuff'

As Bitcoin endures its fourth 20% correction in 12 months, dropping to $59,730, market veterans see it as nothing unusual. Leaders in the crypto industry, like Raoul Pal and Thomas Fahrer, reassure that such fluctuations...

Elon Musk Fires EV Supercharger Staff, Explains Reason for the Team’s Disbandment

Elon Musk disbanded Teslas EV Supercharger team amid company-wide layoffs affecting employees worldwide. The 52-year-old Tesla chief also terminated senior executives. The CEO demolished part of the unit responsible for...

Tesla Expands Semi Trials to Sysco After PepsiCo Success

Teslas Semi has once again exceeded expectations with food distribution giant Sysco, marking a significant step beyond its initial partnership with PepsiCo. Photographed in California, the Tesla Semis trial demonstrates...