Briferendum Series: Soros warns worse devaluation of sterling than on Black Monday
Jun 21, 2016 05:51 am UTC| Commentary
Billionaire investor and philanthropist George Soros, best known as the Man who broke Bank of England warned that the devaluation of the British sterling could be much worse than that on Black Monday when the pound dropped...
Taiwan May export orders improve, decline less than expected
Jun 21, 2016 05:49 am UTC| Commentary
Taiwans export orders for the month of May improved, though they still declinedat a paceless than what the market had expected. The improvement can be largely attributed to low base effects, given that export orders are...
RBA meeting minutes suggest only mild easing bias; August rate cut a close call
Jun 21, 2016 05:38 am UTC| Commentary Central Banks
The Reserve Bank of Australia released its June meeting minutes that provided the same message that the bank delivered in its post-meeting statement. It implied a slight easing bias. Indeed, the strong economic activity...
Australian bonds plunge as recent poll supports Bremain
Jun 21, 2016 05:27 am UTC| Commentary
The Australian government bonds plunged Tuesday as the latest polls by various corporate bodies in the United Kingdom on the June 23 Brexit referendum have reversed, with the percentage of citizens in favour of staying in...
Australia consumer confidence surges on optimism in economic outlook
Jun 21, 2016 05:12 am UTC| Commentary Economy
Consumer confidence in Australia rose in the week ending June 19, reaching the highest level since November 2013 on growing optimism over the economic outlook of the country. Also, a reviving Australian labor market and...
Guide to today’s important data and events
Jun 21, 2016 04:35 am UTC| Commentary
Few economic dockets scheduled for today and all with low to medium volatility risks associated. Data released so far Australia House price index declined by -0.2 percent in first quarter, still up 6.8 percent...
Asian markets continue to trade higher, gold hovers around $1,290
Jun 21, 2016 03:30 am UTC| Commentary
Most Asian indices are trading on the positive note on Tuesday. Japanese Yen gains in early hours on the back of upbeat meeting minutes. On the other side, gold remains well supported above $1,280 marks and trading around...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects