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Fri, Jul 05, 2024 07:39 AM All times are UTC

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Inflation decelerates in Euro zone

Feb 19, 2015 09:55 am UTC| Insights & Views

Today one of the measures for euro area inflation was published at 7.45 am GMT. Todays Consumer Price Index (CPI) for January came at -1.1% mom and -0.4% YoY basis. Euro did not move much, as expected since market was...

Key points of latest Greek proposal

Feb 19, 2015 08:53 am UTC| Insights & Views

In the latest stand off between the Greek government and the Euro zone creditors continue. The Greeks have proposed a draft. Important points in the proposal- Greek government challenges the role of TROIKA (ECB, IMF,...

Awaiting first ever ECB minutes

Feb 19, 2015 07:26 am UTC| Insights & Views

Today European Central Bank (ECB) is going to publish the accounts of the January governing council meet at 12:30 pm GMT. In the January meet, ECB governing council announced Quantitative easing (QE) of 60 billion a...

FOMC minutes ahead, where is the dollar standing

Feb 18, 2015 17:04 pm UTC| Insights & Views

The minutes of last FOMC meeting will be published today at 7 pm GMT. Dollar so far has not moved much for the day as market awaits the release. Several notes- Evaluating the scenarios it seems, for todays reaction,...

UK & Europe may take larger hit on oil taxes

Feb 18, 2015 15:55 pm UTC| Insights & Views

Oil has been down near about 50% since the summer of 2014. The reduction in oil price, we believe will be positive for the global growth- Oil deficit countries will be better off and have better balance of payments....

Business leaders are positive over the US growth

Feb 18, 2015 14:57 pm UTC| Insights & Views

The latest February Business Leaders Survey has been released. Overall the business leaders are very positive on the continuation of the US growth. We present some key data points- 48% of the respondents see better...

US PPI remains strong despite the negative headline number

Feb 18, 2015 14:00 pm UTC| Insights & Views

Today the PPI number was released which showed that the headline number turned negative mom. US headline PPI fell for 3 consecutive months to -0.8% highest deceleration since December 2012. Despite such number our view...

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Economy

Busan Designated as Special Financial Opportunity Zone, Heralding a New Financial Ecosystem

Busans Munhyeon Financial District and the second phase of the North Port redevelopment area have been designated as a Financial Opportunity Advancement Zone. Companies relocating to this special zone will receive...

People are spending hours clicking on a banana to (maybe) make some money

In the ever-evolving online gaming landscape, one seemingly simple online game has captivated players. The free-to-play clicker Banana has amassed more than 850,000 concurrent players on the gaming platform Steam. The...

Dutton goes nuclear, proposing seven government-owned generators with the first starting in 2030s

Opposition leader Peter Dutton has announced seven sites for reactors, unveiling his long-awaited and highly-controversial policy for nuclear power with the claim it could start operating from the 2030s. The locations...

Please stop obsessing over words. It’s quite simple: the RBA thinks inflation is too high

These days every word of every statement from the Reserve Bank Governor Michele Bullock is pored over in minute detail as is every word uttered at her press conference after each Reserve Bank board meeting. Desperate...

G7 overcomes internal wrangling and ‘irrelevance’ barbs to strike US$50 deal to support Ukraine

In the 26 months since Russia invaded Ukraine in February 2022, the west has been riven with disagreement about how much and what support it will provide for Volodymyr Zelenskys government. There are two main reasons for...

Politics

Democratic Congressman Calls for Joe Biden to End Campaign After Debate Performance Stirs Party Concerns

Representative Lloyd Doggett has made history by being the first member of Congress to endorse the idea that President Joe Biden should step down from his re-election bid. This development has caused a stir inside the...

Amal Clooney Pressures George Clooney to Cut Ties with Joe Biden Over Israel Policy, Insider Claims

It is possible that George Clooney and his wife, Amal, are in a difficult situation because the Democrat has indicated his support for President Joe Bidens bid for reelection. This is because the beauty, who was born...

Joe Biden's 2024 Campaign Exit Seen as Imminent; Kamala Harris Likely to Step In, Source Claims

A few within President Joe Bidens team anticipate his withdrawal from the 2024 presidential run shortly due to his abysmal performance in the debate, a new report claimed. TMZ reported that an unidentified high-ranking...

Michelle Obama Leads Donald Trump by Double Digits in Hypothetical 2024 Race; Joe Biden's Future in Question

A recent poll has determined that Michelle Obama would emerge victorious in a hypothetical 2024 presidential election against Donald Trump, although all other probable candidates to replace Joe Biden would be...

Joe Biden Admits Struggles in Candidacy as Debate Performance Falters; Kamala Harris Emerges as Leading Successor

US President Joe Biden is reportedly aware that he may lose his candidacy after his worrying performance in the debates caused his allies to be concerned and question his chances of defeating Donald Trump in the November...

Science

SpaceX to Help NASA Deorbit ISS; Starlink Lands Major Comcast Business Partnership

SpaceX will develop the U.S. Deorbit Vehicle so that NASA can safely deorbit the ISS by 2030. Meanwhile, SpaceX Starlink secures a significant partnership with Comcast Business to enhance rural connectivity. NASA Taps...

Japan Discovers 230 Million Ton Manganese Deposits, Boosting EV Battery Industry

Japan has discovered 230 million tonnes of manganese deposits near Minami-Torishima Island, potentially transforming its EV battery industry by significantly reducing reliance on imports and providing enough cobalt and...

Keeping astronauts healthy in space isn’t easy − new training programs will prepare students to perform medicine while thousands of miles away from Earth

In the coming decade, more people will go to space than ever before as human spaceflight enters a new era. NASA, the European Space Agency and other governmental agencies are partnering to develop crewed missions beyond...

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...

Some of Earth’s most ancient lifeforms can live on hydrogen – and we can learn from their chemical powers

Three-quarters of all matter in the universe is made up of hydrogen. The young Earth was also rich in hydrogen, thanks to fierce geological and volcanic activity. Just as stars burn hydrogen to produce heat and light...

Technology

Tesla Model 3 in Quicksilver Now Available, Model Y Joins China's NEV Procurement Catalog

The re-engineered Tesla Model 3 in Quicksilver paint is now available for Giga Shanghai-supplied locations, showcasing a striking new look. Additionally, the Tesla Model Y has made it to Chinas local government NEV...

41.5 Million Dogecoin Liquidated in 24 Hours, Price Drops Nearly 8%

In a stunning turn of events, 41.5 million Dogecoin were liquidated within 24 hours, causing the meme cryptocurrencys price to plummet by 7.89% to $0.1121. This significant liquidation reflects the broader volatility...

Samsung Galaxy AI Features Free Until 2025; Paid Access Begins in 2026

Samsung announced that its popular Galaxy AI features, showcased in the S24 lineup, will be free until the end of 2025, after which users must pay for access. The change highlights a shift towards premium AI service...

Bitcoin Falls Below $54K Amid $222M Liquidation, Crypto Market Sees $664M Wiped Out

Since February, Bitcoin hit its lowest point, dropping to $53,499 on Coinbase and triggering $222 million in long-position liquidations. The broader crypto market saw $664 million wiped out in the past 24 hours, signaling...

Panic Selling Engulfs Ethereum, Altcoin Market Following Bitcoin Crash

Panic selling has gripped the altcoin market, with Ethereum prices falling by 10-20% after Bitcoins plunge to $55,000. Liquidations hit record highs, impacting traders. Altcoin Market in Turmoil The altcoin markets...