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Sun, May 12, 2024 02:45 AM All times are UTC

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European indices on track for best weekly rally since Feb, surprising dovish ECB taper buoys

Dec 09, 2016 15:04 pm UTC| Commentary Central Banks

ECBs surprising dovish taper announcement on Thursday triggered rally across European equity markets. The European indices remain on track for its best week since February, having reached its highest level in 11 months...

Renminbi Series

Direct trading between Yuan and 7 other currencies to commence from Dec 12: PBOC

Dec 09, 2016 14:41 pm UTC| Commentary Economy Central Banks

The Chinese central bank, PBOC, has agreed to establish direct trading between its yuan currency and seven foreign currencies. In an announcement made on its website earlier today, the central bank noted that China will...

Central Banking Series

BoK likely to remain on hold next week, inflation in 2017 to reach target band, says ANZ

Dec 09, 2016 11:55 am UTC| Commentary Central Banks Economy

The Bank of Korea (BoK) is expected to remain on hold at the monetary policy meeting scheduled to be held next week, with headline inflation making a gradual and slow rise. Also, consumer prices in the country are expected...

Central Banking Series

ECB kick starts tapering but in a dovish disguise

Dec 09, 2016 11:11 am UTC| Commentary Central Banks

The European Central Bank (ECB) yesterday announced the extension of its current bond-buying program while the interest rates at thecurrent level. Under the current program, ECB is set to buy public sector bonds at the...

Central Banking Series

UK gilts witness heavy sell-off as BoE raises inflation expectations, ECB’s tapering lends support

Dec 09, 2016 10:44 am UTC| Commentary Central Banks

The UK gilts witnessed a heavy sell-off on Friday as the Bank of England (BoE) in its latest inflation survey raised its expectations for inflation and interest rates. Also, the European Central Bank announced yesterday...

FxWirePro Poll: India's next week inflation data likely to remain subdued, to pressurize RBI for rate cut in February

Dec 09, 2016 10:33 am UTC| Commentary Central Banks Economy

Indias inflation data, due to be released next week is expected to have remained subdued during the month of November, exerting deeper pressure on the Reserve Bank of India (RBI) to undertake easing policy in the next...

Central Banking Series

ECB extends QE purchases till December 2017, likely to adopt further expansion

Dec 09, 2016 05:23 am UTC| Commentary Economy Central Banks

The European Central Bank, at the monetary policy meeting held Thursday, extended the QE purchases by nine months to December 2017, but reduced the monthly purchases to EUR60bn from EUR80 billion. The lower pace of...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

FED Quietly Initiates Money Printing, Sparks Bitcoin Price Surge Speculation

One chart stands out as a beacon of optimism for Bitcoin and its peers in the complex landscape of cryptocurrencies. With the revival of the US money supply, investors face a critical moment. As the printing machines...

Ethereum ETFs: All Pending SEC Applications in a Bid for Regulatory Approval

Following the historic approval of 11 spot Bitcoin exchange-traded funds in January, industry analysts are asking when the US Securities and Exchange Commission (SEC) will approve an Ethereum counterpart. For those who...

Tron Founder Justin Sun Bags 2M Tokens From EigenLayer Airdrop, Boosting Crypto Clout

Justin Sun, the founder and CEO of Tron (TRX), stands to benefit significantly from the EigenLayer token airdrop. He received over $2 million in EIGEN tokens as part of EigenLayers Phase 1 airdrop. acquiring a staggering...

Apple Nearing OpenAI Deal, Bringing ChatGPT to iPhone in iOS 18

Apple Inc. is on the brink of a breakthrough agreement with OpenAI, as sources reveal plans to incorporate the latters ChatGPT technology into the upcoming iOS 18. This move signals Apples robust stride into artificial...

Starlink Satellites Withstand 2024's Strongest Geomagnetic Storm

Starlinks satellite service withstood the most intense geomagnetic storm observed since 2003, maintaining connectivity amid widespread service disruptions. Starlinks Robust Network Tested by Geomagnetic...