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Wed, May 08, 2024 08:13 PM All times are UTC

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Mexican economy continues to grow strongly; Banxico to hike rates to offset peso depreciation

Jul 08, 2016 07:21 am UTC| Commentary Economy Central Banks

The Mexican economy continues to grow at a stronger rate in a challenging environment. In the first quarter of this year, the growth accelerated to 2.6 percent year-on-year. Also, the economic growth accelerated further by...

BoC likely to keep rates unchanged as market holds back post Brexit

Jul 08, 2016 07:00 am UTC| Commentary Central Banks

The Bank of Canada is expected to keep policy rates unchanged at its monetary policy meeting that is scheduled to take place on July 13, following depressing market movements post UKs exit from the European...

China's June forex reserves grow by $20 billion

Jul 07, 2016 15:38 pm UTC| Commentary Central Banks

Data released by the Peoples Bank of China (PBoC) showed on Thursday that Chinas foreign exchange reserves in June unexpectedly rose by $20 billion to $3.21 trillion, rebounding from a 5-year low in May. Reserves...

Polish central bank holds fire, sends a moderately hawkish message

Jul 07, 2016 15:04 pm UTC| Central Banks

Polands central bank kept interest rates on hold and sent a moderately hawkish message at its first meeting under new governor Adam Glapinski. He said Britains exit would not affect the Polish economy significantly, and...

FxWirePro: BoJ and Abenomics to cushion USD/JPY slumps – Leverage benefits through 2m vols

Jul 07, 2016 13:05 pm UTC| Insights & Views Central Banks

As per the Abenomics, which eyes on fresh fiscal easing, made possible by the fact that the BOJ has already bought a decent chunk of the governments debt. That edges Japan closer to central-bank financed fiscal policy and...

July FOMC meeting certainly off the table, even upbeat labour data may not convince the Fed

Jul 07, 2016 11:29 am UTC| Insights & Views Central Banks Economy

The FOMC minutes of the June meeting provide little insight as the meeting took place before the EU referendum. Most participants noted that the upcoming British referendum on membership in the European Union could...

FOMC meet's minutes signal delay in rate hike on labor market concerns

Jul 07, 2016 09:23 am UTC| Commentary Economy Central Banks

The minutes from the Federal Open Market Committee meeting held during June 14-15, signaled a delay in rate hike, on mounting concern over the countrys labor market, with the non-farm payrolls data in May, shocking...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

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...

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

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

Shiba Inu Insider Drops Major Shiba Eternity Update; Community Anticipates Enhancements

Shiba Eternity: Lucies Tease Unveils Play-to-Earn Features and Breeding Mechanics The Shiba Inu community is buzzing with excitement following a recent announcement from a critical team member about Shiba Eternity, as...

Crypto Market Selloff: BTC, ETH, SOL, XRP, SHIB Prices Plummet, Crash Fears Grow

The cryptocurrency market shows new symptoms of weakness as bulls and bears battle for supremacy. Investors have recently lost about $150 billion, with the cryptocurrency market valuation falling from $2.42 trillion to...

BYD Shark Debuts in Mexico, Rivals Tesla Cybertruck and Ford F-150 Lightning

This month, the streets of Mexico will showcase the BYD Sharks debut, an advanced hybrid electric pickup set to rival the Tesla Cybertruck and highlight BYDs cutting-edge hybrid technology. BYD Shark: A New Hybrid...

South Korea Secures Competitive Edge With US Tax Credit Extension on EVs

South Korea has positively received the U.S. extension of tax credits for electric vehicles (EVs) incorporating Chinese graphite. This critical decision supports Seouls strategy to dominate the American EV market. This...

SHIB Exec Connects Shiba Inu to Bitcoin; Open Interest Falls 7%

SHIBs marketing officer, Lucie, emphasized similarities between Shiba Inu and Bitcoin, highlighting both projects foundational anonymity and community-driven development. Meanwhile, a 7% drop in open interest raises...