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The multi-billion-dollar subsidy for private health insurance isn't worth it

Apr 27, 2017 06:40 am UTC| Insights & Views Economy

Almost 20 years after the 30% subsidy for private health insurance was introduced, premiums continue to rise every year. This comes at a cost to the federal budget which was forecast at A$6.5 billion in the 2016 federal...

Singapore industrial output delivers solid performance in March driven by gains in electronics

Apr 27, 2017 06:10 am UTC| Commentary Economy

Industrial output in Singapore delivered a solid performance during the month of March, as electronics continued to remain in the driving seat. Headline industrial output for the month expanded by 10.2 percent y/y. This...

USD/INR likely to rise modestly between May and June FOMC meeting, says Scotiabank

Apr 27, 2017 05:42 am UTC| Commentary Economy

The USD/INR currency pair is expected to modestly rise between May and Junes Federal Open Market Committee (FOMC) meeting, particularly if the Federal Reserve releases a hawkish hold decision next Thursday...

FxWirePro: The Day Ahead- 27th April 2017

Apr 27, 2017 05:01 am UTC| Commentary Economy Central Banks

Lots of economic dockets and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Export prices grew by 9.4 percent in the first quarter, while import prices...

Australian bonds jump on safe-haven demand; investors eye RBA Governor Lowe’s speech

Apr 27, 2017 04:54 am UTC| Commentary Economy

The Australian government bonds jumped Thursday as investors poured into safe-haven assets post the unveiling of the United States tax reform by President Donald Trump on Wednesday. Also, investors are eyeing the Reserve...

New Zealand likely to see decent migrant arrivals figures in coming months, says ANZ

Apr 26, 2017 23:03 pm UTC| Commentary Economy

Monthly net migrant arrivals to New Zealand remained strong in March near all-time highs. This scenario is unlikely to change much for some time, noted ANZ in a research report. Even if migration is increasingly in...

US under Trump Series

US under Trump Series: Lumber crash between Trudeau and Trump

Apr 26, 2017 12:25 pm UTC| Commentary Economy

The relations between the two biggest neighbors in North America deteriorated after the Trump administration in the United States decided to impose countervailing duties ranging from 3-24 percent on five Canadian lumber...

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Economy

Mexico Pushes for US Trade Deal Before Midterms

Mexican President Claudia Sheinbaum said Friday that her government is working to secure a trade agreement with the United States as quickly as possible, following what she described as a productive conversation with U.S....

Bolivia Approves $1.9 Billion IMF Financing Deal

Bolivian lawmakers have approved a $1.9 billion financing agreement with the International Monetary Fund (IMF), advancing President Rodrigo Pazs efforts to stabilize the countrys economy amid foreign currency shortages,...

Wall Street Mixed as Treasury Yields Rise After Fed Hike

Wall Street traded mixed on Friday as investors paused after the strongest session in more than a month, while rising U.S. Treasury yields and quadruple witching kept market volatility in focus. Quadruple witching marks...

Bessent Presses Japan on Fiscal Policy as Yen Struggles

U.S. Treasury Secretary Scott Bessent has pushed Japan to tighten fiscal policy and support higher interest rates as Washington and Tokyo work to stabilize the yen and limit risks in global bond markets. Japanese Finance...

Yen Slides After BOJ Rate Hike as Dollar Holds Near Seven-Week High

Asian currencies traded mixed on Friday, with the Japanese yen weakening despite a Bank of Japan interest rate hike, while a hawkish Federal Reserve outlook kept the U.S. dollar supported near a seven-week high. The U.S....

Politics

Russian Attack on Balakliia Kills Two, Injures Two

Russian forces struck the northeastern Ukrainian city of Balakliia on Friday, killing two people and injuring two others as the war continues to affect communities across the Kharkiv region. Vitali Karabanov, head of the...

NATO Commander Joins US Review of Troop Deployments in Europe

NATOs top military commander, U.S. Air Force General Alexus Grynkewich, participated in a virtual briefing Friday as the Pentagon weighs possible changes to the deployment of U.S. troops across Europe. The briefing was...

Appeals Court Rejects Trump Third-Country Deportation Policy

A U.S. federal appeals court on Friday rejected a Trump administration policy that allowed immigration authorities to rapidly deport migrants to countries other than their nations of origin without giving them an adequate...

Trump Bans CNN, MS NOW and Politico From White House

President Donald Trump said Friday that CNN, MS NOW and Politico would be banned from the White House, escalating his administrations long-running dispute with major news organizations over their coverage. Trump announced...

Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed

Venezuelas government and opposition are nearing an agreement to transfer roughly $4 billion worth of the countrys gold reserves from the Bank of England to the Federal Reserve Bank of New York, potentially ending a...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Westinghouse Targets $50 Billion Valuation in U.S. IPO

Westinghouse Electric Co. is seeking a valuation of more than $50 billion for its planned U.S. initial public offering, as the nuclear technology company moves closer to a public market debut amid growing interest in...

NASA, Boeing Discuss Expanding Starliner Missions

NASA is holding discussions with Boeing about expanding the use of its Starliner spacecraft for future missions, potentially giving the troubled vehicle a larger role in U.S. human spaceflight plans. The space agency and...

Apple Pay Set for India Launch With Axis Bank

Apple is preparing to launch Apple Pay in India next month, initially partnering with Axis Bank to support the lenders credit cards, according to three people familiar with the plans. The rollout would bring Apples digital...

Hyundai CEO Warns Chinese Automakers Could Disrupt US Market

Hyundai Motor CEO Jose Munoz warned that Chinese automakers could eventually reshape the US auto market as they have in Europe unless Washington maintains tariffs and other market-access protections. Speaking in San Jose,...

US Federal Register Drops Alibaba Qwen AI Search Tool

A U.S. government website used an artificial intelligence model developed by Chinas Alibaba to help users search federal regulatory information, despite recent U.S. concerns about Chinese AI companies and their use of...