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Wed, Jun 26, 2024 05:16 AM All times are UTC

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SNB supports EUR-CHF exchange rate

Jun 30, 2015 07:14 am UTC| Commentary

The initial reaction of the FX market to the news surrounding Greece wore off quickly in the other currencies as well, with the exception of EUR-CHF. Even though the exchange rate was initially able to gain some ground...

EUR-USD recovers within short span of time following Greece shock

Jun 30, 2015 07:04 am UTC| Commentary

The Greek government has already announced, is unlikely to be able to make the EUR 1.6bn repayment to the IMF. Even though the major rating agencies had signalled before that this would not be seen as a default as the IMF...

EUR/NOK to be unchanged by end of 2015

Jun 30, 2015 06:57 am UTC| Commentary

Despite the dovish Norway rate path, there is more positivity than the Central Bank on the Norwegian economy ahead and that the June cut was the last in this cycle. NOK will gradually strengthen again vs EUR in...

Bank of Israel easing on hold for now

Jun 30, 2015 06:53 am UTC| Commentary

The ILS is at historical highs but is experiencing fundamental appreciation pressures.According to Bank of America, the BoI is likely to continue with small FX interventions to try to keep it at current levels in nominal...

Norway Norges rate cuts to be very dovish

Jun 30, 2015 06:50 am UTC| Commentary

Norges Bank cut rates at the June meeting by 25bp to 1.0%, but signalled that another cut may be needed in September. Indeed rates markets are currently pricing in ~40% chance of a cut for the September meeting.This was...

Global growth rate likely to slowdown

Jun 30, 2015 06:23 am UTC| Commentary

Global growth was expected to be mildly supportive in 2015. The global growth rate is expected slow to 3.3% in 2015 after 3.4% in 2014 as GDP growth seemed to be normalizing to 2.0% in 2015 after just 1.5% in 2014 and to...

SNB playing the long game

Jun 30, 2015 06:22 am UTC| Commentary

EUR/CHF has remained anchored within its recent 1.03/1.06 trading range but began to drift lower during the second half of the month. The SNB maintained its policy stance at its quarterly meeting and delivered its by now...

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Economy

Space arms race may be underway

As conflict rages on Earth, an arms race may be underway in outer space. On May 30, a US diplomat warned that Russia had launched a weapon into orbit, something Russias deputy foreign minister, Sergey Ryabkov, branded as...

Mauritius’ next growth phase: a new plan is needed as the tax haven era fades

Mauritians will head to the polls by November 2024 and politicians are considering the economic direction of the island country. For the last two decades, the countrys economic growth has depended heavily on its...

Canadians are feeling increasingly powerless amid economic struggles and rising inequality

If you feel like youre being pushed around in life, youre not alone. Our recent research has found that Canadians are increasingly feeling a sense of powerlessness in their lives. This sentiment has been steadily...

Myth: How the US manipulates global markets for economic supremacy

US president, Joe Biden, raised tariffs on Chinese-made goods sharply in May, claiming that the Chinese government has cheated by pouring money into Chinese companies … hurting competitors who play by the rules. The...

The world no longer needs fossil fuels – and the UK could lead the way in making them taboo

North Sea oil and gas has become a battleground issue in the UK general election. The Labour partys manifesto promises an end to issuing new licenses for finding oil and gas. The Conservative party meanwhile proposes a...

Politics

Microsoft-G42 Deal Forces Huawei Exit, White House Hails Move

The White House praised Microsofts $1.5 billion investment in G42, emphasizing the positive impact of ending relations with Huawei on AI security. White House Sees Positive Shift in UAE Tech Alliances According to...

Three ways politicians always promise to raise money without increasing taxes – and why they rarely deliver

After weeks of controversy over Labour and Conservative costings in which each side accused the other of dishonesty the manifestos show that both parties had wildly exaggerated their rivals plans. But there has been...

Election 2024: migrants aren’t to blame for Britain’s housing crisis

Migration has become the most toxic issue in British politics, driving intensely emotional debates that are often based on prejudice and misunderstanding. Similarly emotional is housing a finite resource in high demand at...

How Vladimir Putin projects his image as a modern-day Peter the Great

Russian energy giant Gazprom is reported to have been hit particularly hard by sanctions imposed as a result of the war with Ukraine. An internal report obtained and published by the Financial Times has forecast that the...

Another election, another round of Nigel Farage hype, with no lessons learned

Nigel Farage, a man who has never been elected to the House of Commons despite years of trying, has again been allowed to set the agenda in the UK. Ten years after Ukip won the European parliament elections, throwing...

Science

Nations realise they need to take risks or lose the race to the Moon

The Nasa-led Artemis-3 mission will place the first human boots on the surface of the Moon since Apollo 17s Gene Cernan and Harrison Schmitt left the lunar surface in December 1972. The goal of the Artemis programme is...

Eye exercises to improve sight – is there any science behind them? An ophthalmologist explains why you shouldn’t buy the hype

You may have seen advertisements claiming to eliminate the need for eyeglasses through vision therapy or vision training basically, eye exercises. These exercises include putting pressure on or palming the eye; eye...

The universe’s biggest explosions made some of the elements we are composed of. But there’s another mystery source out there

After its birth in the Big Bang, the universe consisted mainly of hydrogen and a few helium atoms. These are the lightest elements in the periodic table. More-or-less all elements heavier than helium were produced in the...

Engineering cells to broadcast their behavior can help scientists study their inner workings

Waves are ubiquitous in nature and technology. Whether its the rise and fall of ocean tides or the swinging of a clocks pendulum, the predictable rhythms of waves create a signal that is easy to track and distinguish from...

If an asteroid hit Earth and all the humans died, would the dinosaurs come back?

Many, many years ago dinosaurs roamed the Earth. Six-year-old Aga knows that a meteorite wiped them out… but could another meteorite bring them back? You can read a print version of this story...

Technology

Tesla Model 3 Lease Costs Less Than New Toyota Camry Lease

Teslas latest lease offer makes the 2024 Model 3 more affordable than the redesigned Toyota Camry. Leasing the base Model 3 Standard Range RWD costs $299 monthly, significantly lower than the Camrys lease rate, making it a...

Blast Network's June 26 Airdrop: Early Users to Get 17% Token Allocation

Blast network, an Ethereum layer-2 solution, will commence its airdrop on June 26, distributing 17% of the token supply to early users. Early Users Set to Benefit from Blasts Airdrop The Ethereum layer-2 Blast...

Shiba Inu Whale Moves Trillions of SHIB to Binance Amid Market Volatility

While the rest of the cryptocurrency market experienced tremendous volatility over the past few days, Shiba Inu experienced the same. The meme currency is currently selling at about $0.00001734, a decrease of 3.6% over...

Shiba Inu Team Hints at Major Developments: 'Future Is Bright,' Lucie Says

On behalf of the Shiba Inu team, the official marketing head, Lucie, has sent out a tweet in which she provides a hint about the development currently taking place behind the scenes. Although she did not disclose any...

VanEck Submits Form 8-A for Spot Ethereum ETF, Anticipates SEC Approval Soon

VanEck, a leading crypto asset management firm, has filed Form 8-A for its spot Ethereum ETF, moving closer to potential SEC approval and market debut. VanEcks Form 8-A Filing Advances Spot Ethereum ETF, Awaiting SECs...