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Central Banks

Wed, May 15, 2024 07:22 AM All times are UTC

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Fed Hike Aftermath Series

Timing of future Fed rate hikes gets murkier

Jan 14, 2016 17:04 pm UTC| Commentary Central Banks

Further interest rate hikes by the U.S. Federal Reserve should be gradual or they risk hurting already fragile emerging economies. Specifically, if oil prices remain at current levels or fall even lower, it is doubtful the...

Currency War Series

Banxico unlikely to increase intervention amount at this stage

Jan 14, 2016 16:01 pm UTC| Commentary Central Banks

Banxico, as of today, sells 200mn USDMXN at a minimum price of +1.0% above the previous-day FIX and an additional 200m at +1.5%. The Central Bank is likely to fine-tune its FX interventions, will likely make operational...

Currency War Series

Sharp rise in real interest rates could negate need for additional BCB tightening

Jan 14, 2016 15:23 pm UTC| Commentary Central Banks

The Brazilian real moved back above the 4.00 threshold and stabilised within the 4.00 and 4.07 over the last couple of weeks. Data last week showed that Brazils inflation rate closed 2015 at the highest level in more than...

BCB to resume interest rate hike, Societe Generale's model supports higher Selic rate

Jan 14, 2016 14:48 pm UTC| Commentary Central Banks

Selling pressures in emerging market currencies will likely remain in the near future. The current political chaos will maintain the pressure on Brazils economy and, as a consequence on the real. The BCB has been on the...

Currency War Series

What will RBI respond to – weak inflation or weak Rupee?

Jan 14, 2016 13:30 pm UTC| Commentary Central Banks

Raghuram Rajan took charge of Reserve Bank of India in September, 2013 at a time when Indian economy and Rupee was facing massive turmoil. His arrival, followed by landslide election by reform promising Bhartiya Janata...

FxWirePro: GBP seems weaker ahead of BoE’s interest decision – cable drifting along sloping trend line

Jan 14, 2016 11:32 am UTC| Technicals Central Banks

Amid plotting both weekly and monthly charts we have encountered with enough bearish swings with mammoth volumes show the tendency to confer trend line. The Bank of England is on center of attention as monetary decision...

Currency War Series

Reserve Bank of Australia unlikely to ease policy in 2016

Jan 14, 2016 11:08 am UTC| Commentary Central Banks

In order to aid the Australian economys adjustment and keep the AUD from declining, the Reserve Bank of Australia cut the cash rate twice last year. Policy easing in 2016 is not expected by analysts as officials stated...

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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

El Salvador Mined Nearly 474 Bitcoins, Adding to State Crypto Holdings Over 3 Years

El Salvador mined nearly 474 bitcoins over the last three years using a volcano-fueled geothermal plant, boosting its state crypto holdings to 5,750 BTC. El Salvador Mines 474 Bitcoins Using Volcano Power, Boosting...

China's BYD Launches Hybrid Pickup in Mexico, Boosts Presence in North America as US Hikes EV Tariffs

Chinas BYD launches the Shark hybrid pickup truck in Mexico on May 14, countering US EV tariffs and boosting its presence in North America. BYDs New Shark Pickup Enters Mexican Market as US Hikes Tariffs on Chinese...

Important Shiba Inu Metric Explodes by 2,300% as SHIB Price Rises: Details Inside

Important Shiba Inu metric explodes by 2,300% as the SHIB price rises. Shiba Inu adoption continues to grow, with users now able to book Airbnb and buy Nike clothes via SHIB. Shiba Inus Daily Volume Surges 2,300%,...

GPT-4o Isn't Going to Kill Teaching or Customer Service, Experts Say

On May 13, OpenAI unveiled GPT-4o, showcasing its advanced speech and emotion detection, stirring debates on AIs impact on jobs. OpenAIs GPT-4o Uses Real-Time Cameras, Raising Concerns About Job Security in Various...

Joe Biden Hikes Tariffs on Chinese EVs, Solar Cells, Steel, Aluminum, and Snipes at Donald Trump

On May 14, President Joe Biden announced new tariffs on Chinese EVs, solar cells, and steel, intensifying U.S.-China trade tensions and taking a jab at Donald Trump. Biden Criticizes Chinese Government Subsidies,...