BoK likely to leave benchmark interest rate at 1.25 pct until Q2 2018, says Scotiabank
May 11, 2017 08:25 am UTC| Commentary Economy
The Bank of Korea (BoK) is expected to leave the benchmark interest rate at its current level of 1.25 percent at least until the second half of 2018 when a cautious monetary tightening phase will commence. Further, the...
May 11, 2017 06:50 am UTC| Commentary Economy
Since the European Union referendum in June 2016, EUR/GBP has been caught in no mans land trading within the 0.84-0.88 range most of the time. As such, we do not see the upcoming UK general election as a major game changer...
New Zealand bonds end higher post RBNZ maintains neutral policy stance
May 11, 2017 06:10 am UTC| Commentary Economy
The New Zealand bonds ended Thursdays session on a higher note after reading the Reserve Bank of New Zealands (RBNZ) neutral monetary policy stance, wherein the central bank maintained its official cash rate (OCR) at a...
Australian bonds rally on short-covering, tracking U.S. Treasuries
May 11, 2017 05:39 am UTC| Commentary Economy
The Australian government bonds rallied Thursday as investors covered previous short positions before the end of the trading week and also tracking U.S. Treasuries. However, gains in equities amid a neutral Federal Budget...
FxWirePro: The Day Ahead- 11th May 2017
May 11, 2017 04:37 am UTC| Commentary Economy Central Banks
Lots of economic data and events scheduled for today and some with high volatility risks associated. Upcoming: Japan: Eco-Watchers survey report will be released at 5:00 GMT. Germany: Wholesale inflation...
Budget bank levy: too big to fail, not too big to take a hit
May 11, 2017 00:26 am UTC| Insights & Views Economy
The budget announcement of a 0.06% levy on a subset of bank liabilities looks arbitrary, and is certainly politically opportunistic. But it could be rationalised as a response, albeit probably not the best response, to...
These three firms own corporate America
May 11, 2017 00:15 am UTC| Insights & Views Economy Investing
A fundamental change is underway in stock market investing, and the spin-off effects are poised to dramatically impact corporate America. In the past, individuals and large institutions mostly invested in actively...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects