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Thu, Sep 29, 2022 01:49 AM All times are UTC Edition :

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Central Banking Series

Why does the RBA keep hiking interest rates? It's scared it can't contain inflation

Aug 03, 2022 00:55 am UTC| Economy Central Banks

There are signs inflation pressures are easing. Oil prices are down almost 20% on their peak in March. Theyve been falling consistently for a month. The average capital city unleaded price is down from A$2.11 per litre...

ECB hikes key rates by 50 basis points, EUR/GBP spikes over 0.95%

Jul 21, 2022 12:33 pm UTC| Central Banks

Chart - Courtesy Trading View EUR/GBP spiked over 0.95% and was trading at 0.8575 at around 12:25 GMT. The single currency buoyed across the board after the European Central Bank (ECB) announced a 50 basis points...

Central Banking Series

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation

Jul 07, 2022 16:12 pm UTC| Economy Central Banks

There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a regular increase of 25 basis points? Or a double-whammy of...

Central Banking Series

The latest Bank of England rate rise won't do much to tackle inflation - here's what could work

Jun 21, 2022 22:54 pm UTC| Economy Central Banks

There wasnt much dramatic tension as markets waited for the Bank of Englands latest decision on interest rates. The fifth monthly quarter-point hike in a row was largely expected, taking the base rate to 1.25% in June...

Central Banking Series

5 things to know about the Fed's interest rate increase and how it will affect you

Jun 15, 2022 07:37 am UTC| Economy Central Banks

The Federal Reserve is raising interest rates for the third time this year, on June 15, 2022, as it seeks to counter inflation running at the fastest pace in over 40 years. The big question is how much it will lift rates....

Central Banking Series

Game of Loans: the Reserve Bank of Australia loses its heir apparent to Fortescue's green fund

Mar 12, 2022 11:20 am UTC| Economy Central Banks

The Reserve Bank of Australia was roiled today by the resignation of its Deputy Governor Guy Debelle, who is leaving with only six days notice. Dr Debelle said that he was resigning to become chief financial officer of...

Central Banking Series

Stock markets have been a one-way bet for many years thanks to the 'Fed put' – but those days are over

Feb 23, 2022 22:38 pm UTC| Economy Central Banks

The prospect of a Russian invasion of Ukraine have sent the markets into a tailspin, compounding fears around inflation that have been building over the past few months. The SP 500 is trading at 10% below its recent...

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Economy

Costco’s net income for the quarter was $1.868 billion,

Costco would want to forever keep the price of the hotdog and soda combo at $1.50, where it has been since 1985. On a recent call, the companys chief financial officer Richard Galanti stated the plan is to keep the...

IG will receive brand visibility at both venues of Tottenham Hotspur Stadium and Wembley in hosting games in London.

The National Football League (NFL) has tapped online trading and investments firm IG as its presenting partner for three regular-season games in London. The deal also includes the designation of IG as NFL UKs lead...

It's unclear how possible alliances for other NFT categories, like video and fantasy sports, are doing.

The Premier Leagues plans to launch non-fungible tokens (NFTs) have reportedly been derailed by the cryptocurrency crash, threatening a potential new revenue stream worth over US$427 million. Earlier this year, it was...

MonkeyLeague will release a fresh set of AC Milan-themed game materials, including characters, skins, and venues.

AC Milan has signed a new partnership deal designating the MonkeyLeague, a Web 3.0 soccer title, as their non-fungible token (NFT) gaming partner. MonkeyLeague, a platform built on the Solana blockchain, enables users...

The original Karaage-kun specialty whisky is made specifically by the Liquor Museum to pair with Lawson's flagship fried chicken.

The Liquor Museum bar will open at the Shinjuku Washington Hotel Building on October 6th offering a special whisky designed to pair with Lawson convenience stores Japanese fried chicken, Karaage-kun! The original...

Politics

Kyiv said personal sanctions are not enough to punish Russia for staging sham referendums to annex parts of Ukraine.

Ukraine has now called on the European Union to impose more economic sanctions on Russia over its move to annex portions of the country in the ongoing referendums. Kyiv added that Moscows actions on occupied territories...

The Labor Party has pledged to put up a publicly-owned energy firm if elected, to better solve rising energy bills.

The British opposition Labor Party has promised to set up a publicly-owned energy company if it wins the next election, according to party leader Keir Starmer. The move would help address the rising energy bills and it...

EU has urged the new Italian government to stick to its reform plans as the bloc's executive approved additional funding.

The European Union has called on the new government in Italy to adhere to its reform plans. This comes as the bloc has approved additional post-COVID-19 recovery funds. European Commission chief Ursula von der Leyen...

The agency has approved EV charging station plans for all 50 states, Washington DC, and Puerto Rico.

The United States Transportation Department has approved the plans for electric vehicle charging stations nationwide. All 50 states would have EV charging stations, including Washington DC and Puerto Rico. The...

Authorities searched a yacht in northern Germany as part of its probe on Russian billionaire Alisher Usmanov.

Law enforcement authorities in Germany searched the motor of a yacht as part of the probe on Russian billionaire Alisher Usmanov, officials announced this week. The search of the yacht was part of the efforts by officials...

Science

Celltrion will receive US$10 million in milestone payments after successfully passing key stages of the development and approval cycle.

South Koreas Celltrion Inc. will jointly develop and work on the market release with Abpro Corp. of the US on a breast cancer treatment candidate ABP 10 Under the deal, Celltrion will receive US$10 million in milestone...

Current Canadian and American management efforts do not go far enough to decrease entanglement hazards and encourage the recovery of the North Atlantic right whale.

The Monterey Bay Aquariums Seafood Watch program added the American red lobster, caught in both US and Canada to its red list. Other species also added to the list are the snow crab, Atlantic rock crab, and others that...

The microscope unit, which also manufactures industrial endoscopes and x-ray analyzers, will be transferred to Bain on January 4, subject to antitrust regulatory approvals in Japan and elsewhere.

Olympus had agreed to sell its microscope unit to private equity firm Bain Capital for $3.1 billion as it speeds up the overhaul of its business portfolio to focus solely on medical technology The microscope unit, which...

The research team discovered that steamed mealworms emit a strong, corn-like odor, and when grilled or fried, they gave off a shrimp and frying oil-like scent.

South Korean researchers from Wonkwang University have developed a new process that uses edible insects to create meat-flavored seasoning. The research team came up with 98 volatile compounds with varying amounts of...

The resulting thermoplastic resin could be purified through a distillation process to make food-grade potassium lactate.

Wind turbine blades could eventually be recycled into gummies according to a Michigan State University professor, This was discussed during the American Chemical Societys fall conference, which kicked off in Chicago...

Technology

The key selling point of this system is the ability to remotely manipulate digital avatars from a computer, camera, and microphone at home

Lawson plans to introduce digital avatars at register monitors that are controlled remotely by real humans at over 200 stores in the next three years. The digital avatars will start showing up at a few Lawson stores as...

New ‘Overwatch 2’ players will have to unlock original characters and game modes

New players joining Overwatch 2 next month will be introduced to the game differently. Blizzard designed the First Time User Experience (FTUE), so they could gradually become familiar with the playable characters and game...

EA’s new hunting game ‘Wild Hearts’ will reportedly launch in early 2023

EA and Koei Tecmo will release the first Wild Hearts trailer soon. But the games launch window may have been revealed already. The companies announced earlier this month that they have partnered to co-publish an all-new...

Amazon listing for Pixel 7 went live early revealing its release date and price

The closer Googles event is, the more leaks are appearing in the wild. An early listing of the Pixel 7 on Amazon was recently spotted that may have confirmed when the device will arrive in stores and how much it will...

Apple confirms downgraded version of Stage Manager for older iPad Pro models without M1 chip

Apple previously said Stage Manager on iPadOS 16 was only possible on newer iPads, specifically the models powered by the M1 chip. Now, the company shared some good news and confirmed that it found a workaround to bring...