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Mon, May 29, 2023 02:46 PM All times are UTC

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Currency War Series

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After several years of extremely loose monetary policy, the U.S. Federal Reserve intends to start tightening, for clear reasons, markets will remain focused on the crucial event, which is set to have a major impact on almost all asset classes. Economic data releases will provide clues to the robustness of economies- some of which are vulnerable to investment outflows as higher rates make U.S. assets more attractive. Emerging economies are already struggling to support currencies hit by Fed rate hike expectations and will lead to intensified currency wars further. In this exclusive series we will provide insightful analysis and views on central banks decisions, emerging markets currencies, Fed's tools for managing monetary cycle, investment outflows, including direct government intervention, the imposition of capital controls, and, indirectly, quantitative easing.

Currency War Series

Brexit: UK pound has not crashed yet, but here's why it will probably suffer in years to come

Jan 14, 2021 04:56 am UTC| Investing

The Brexit deal has failed to have any major effect on the exchange rate of the pound since January 1. The pound has held steady against the US dollar at US$1.36 and has strengthened slightly against the euro to 1.12. This...

Currency War Series

Korean Won Weakens Sharply Due to Speculations About Kim Jong Un's Health

Apr 22, 2020 10:40 am UTC| Economy

The Korean won had fallen to a low of 1,241.15 against the US dollar Tuesday following unconfirmed reports that North Korean leader Kim Jong Un is gravely ill. The Korean won last fell to 1,229.59 per dollar. CNN...

Currency War Series

Currency manipulation and why Trump is picking on Brazil and Argentina

Dec 04, 2019 11:24 am UTC| Insights & Views Economy

President Donald Trump slapped new tariffs on Brazil and Argentina after accusing them of manipulating their currencies to boost exports. It wasnt the first time Trump has labeled another country a currency manipulator...

Currency War Series

Turkey’s homemade currency crisis has truly global implications

Aug 16, 2018 19:57 pm UTC| Insights & Views

Turkeys recently reelected president, Recep Tayyip Erdoğan, is blaming the sudden and dramatic decline of the Turkish lira on an international conspiracy, variously railing against an economic war and a currency plot. On...

Currency War Series

Brazilian central bank likely to cut key rate by 100 bps, says Commerzbank

Apr 12, 2017 07:02 am UTC| Commentary Central Banks Economy

The Brazilian central bank is expected to cut its key rate by an impressive 100 basis points tonight; that is certainly what a poll amongst analysts would suggest. Some are even expecting 125bp. The development of the rate...

Currency War Series

Northeast Asian nations undertake efforts to avoid being named 'currency manipulator', says Scotiabank

Feb 13, 2017 06:02 am UTC| Commentary

China, Japan and Korea and another three major trading partners of the U.S. were placed on the Monitoring List in the semi-annual report on International Economic and Exchange Rate Policies released by U.S. Treasury...

Currency War Series

Brazilian central bank slashes interest rate, citing Trump-related global uncertainties

Dec 01, 2016 06:07 am UTC| Commentary Central Banks Economy

The central bank of Brazil has slashed interest rates in the monetary policy meeting held Wednesday, as was widely expected by market participants, citing US President-elect Trump-related global uncertainties that are...

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Economy

Pokémon Shirts Sale Ends as Original Stitch Shuts Down Its Business

Pokemon Shirts brand was only launched four years ago under the Original Stitch label. The new line of dress shirts was successful upon debut and offered many designs to customers. The brand also expanded its Pokemon...

Apple to Shutdown My Photo Stream Service in July

Apple Inc. is reportedly discontinuing its My Photo Stream service because it is no longer necessary. This is because the iPhone maker is already offering iCloud Photos, which provides the same function. According to PC...

Porsche Debuts Two New eBike in Collaboration With Rotwild

Porsche AG, a German vehicle maker that specializes in high-performance luxury sports cars, sedans, and SUVs, has expanded its business to include the production of eBikes. Now it has added two new models of electric bikes...

POSCO to Create Own ChatGPT AI Tool Alternative for Internal Use

POSCO Group, a leading steel manufacturer based in South Korea, revealed it will create its own AI tool thatll replace OpenAIs ChatGPT in the company. With this move, the company just joined LG Electronics and Samsung...

Mid-Flight Incident Leads Asiana Airlines to Suspend Sale of Emergency Exit Seats

Asiana Airlines made the decision to suspend the selling of tickets for seats near the aircrafts emergency exit doors. This comes after a passenger suddenly unlocked the hatch while the plane was in mid-air. As per The...

Politics

UK: Health Minister Says Government Will Not Negotiate on Pay With Nurses' Union Amidst Strikes

British health minister Steve Barclay said the government would not be negotiating with the nurses union on pay. The comment comes as the government faces further strike action by workers in key sectors. On Sunday,...

South Korea Court Issues Arrest Warrant for Man Who Opened Plane Door Mid-Air

A court in South Korea has reportedly issued an arrest warrant for the man aboard an Asiana Airlines flight who opened the plane door mid-air. The man was charged with violating the Aviation Security Act. South Koreas...

UK: Northern Ireland Police Charge Seven Men With Attempted Murder of Detective

The police in Northern Ireland have charged seven men with attempted murder following the shooting of a senior detective in the region. This comes as law enforcement has been sporadically attacked by fringe groups in the...

US: Biden, McCarthy Reach Deal to Raise Debt Ceiling

Following several rounds of talks, US President Joe Biden and Republican House Speaker Kevin McCarthy have reached a deal that would clear the way for Congress to raise the debt ceiling. The deal is likely going to draw...

Afghanistan: Three Killed in Clash at Iran-Afghanistan Border

A clash at the border Afghanistan shares with Iran has resulted in at least three people being killed. While the cause of the conflict was not determined, it also comes at a time when the neighboring countries are at odds...

Science

Astronomers detected two major targets with a single telescope – a mysterious signal and its source galaxy

Astronomers have been working to better understand the galactic environments of fast radio bursts (FRBs) intense, momentary bursts of energy occurring in mere milliseconds and with unknown cosmic origins. Now, a study...

Biodegradable plastic in clothing doesn't break down nearly as quickly as hoped – new research

Plastic pollution has emerged as one of the most pressing environmental challenges of our time. Over 100 million tonnes of plastic enters the environment each year, with more than 10 million tonnes ending up in our oceans....

Gravitational wave detector LIGO is back online after 3 years of upgrades – how the world's most sensitive yardstick reveals secrets of the universe

After a three-year hiatus, scientists in the U.S. have just turned on detectors capable of measuring gravitational waves - tiny ripples in space itself that travel through the universe. Unlike light waves, gravitational...

Why don't rocks burn?

While many rocks dont burn, some of them do. It depends on what the rocks are made of and thats related to how they were formed. There are three main rock types: igneous, sedimentary and metamorphic. These rocks are...

Quantum physics proposes a new way to study biology – and the results could revolutionize our understanding of how life works

Imagine using your cellphone to control the activity of your own cells to treat injuries and disease. It sounds like something from the imagination of an overly optimistic science fiction writer. But this may one day be a...

Technology

Bandai Namco Issues Apology for Unintentional 'Tekken 8' Bryan Fury Reveal

Japanese gaming giant Bandai Namco accidentally spills secret details of their highly anticipated game, Tekken 8, revealing a fresh addition to the games fighter roster. Bandai Namco admitted that it was responsible for...

Nexon announces $874 million investments in Bandai Namco, Konami, Hasbro, and Sega Sammy

US Solicitor General Backs Google in Supreme Court Song Lyrics Case

US Solicitor General Elizabeth Prelogar said that the US Supreme Court should not review a 2nd U.S. Circuit Court of Appeals ruling in favor of Alphabets Google LLC against song-lyric website Genius over alleged copying...

US Solicitor General Urges Supreme Court To Reject Appeal of Apple-Caltech Patent Case

US Solicitor General Elizabeth Prelogar urged the US Supreme Court to reject Apple Inc and Broadcom Incs appeal of their $1.1 billion trial loss to the California Institute of Technology in a patent infringement...

AI is helping us read ancient Mesopotamian literature

[… who s]aw the Deep, […] the country, [who] knew […], […] all […] [… who] saw the Deep, […] the country, [who] knew […], […] all...

What is 'ethical AI' and how can companies achieve it?

The rush to deploy powerful new generative AI technologies, such as ChatGPT, has raised alarms about potential harm and misuse. The laws glacial response to such threats has prompted demands that the companies developing...

Digital Currency