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Oil in Global Economy Series

Oil prices surprise by sudden rebound

Jan 22, 2016 12:33 pm UTC| Commentary

Despite massive oversupply of US inventory, the oil prices have soared more than $3 to $31 per barrel since yesterday afternoon. US crude oil stocks advanced nearly 4 million barrels in the previous week and are at 130...

FxWirePro: Short term outlook – Yen could retreat to 119.8 against Dollar

Jan 22, 2016 12:24 pm UTC| Commentary

Dovish commentaries from European Central Bank (ECB) has successfully paused recent selloff that has wiped out more than $15 trillion from global stock market in valuation. While Nikkei, which is up almost 6%, benefitting...

Currency Peg Series

Possible ECB monetary policy easing in March to benefit gold in euros

Jan 22, 2016 12:02 pm UTC| Commentary Central Banks

Appreciation in US dollar and stock markets, along with rebound in oil prices led the gold prices to drop below the $1,100 per troy ounce at the end of this trading week. However, gold in euro terms touched a 2-week high...

Eurozone’s PMI to recover in 2016

Jan 22, 2016 11:28 am UTC| Commentary

Eurozones January composite PMI declined from 54.3 to 53.5, falling to its lowest level since last February. The fall was larger than expected and it is likely to deteriorate further suggesting a slow growth in the...

Eurozone’s HICP inflation likely to average +0.1% in 2016

Jan 22, 2016 10:46 am UTC| Commentary

The eurozone economy has witnessed deteriorating inflation over the past years; however, the disinflationary period is seen fading away as core inflation started stabilizing in 2015, although at a very low...

Probability rises for Japan’s consumption tax hike in April 2017

Jan 22, 2016 10:28 am UTC| Commentary Economy

According to latest estimates from the Council on Economic and Fiscal Policy (CEFP), Japan is expected to have a 9.2 trillion yen deficit (1.7% of GDP) in the fiscal accounts of the central and local governments in FY18,...

Oil in Global Economy Series

Saudi Aramco calls $30/barrel oil irrational

Jan 22, 2016 10:18 am UTC| Commentary

Saudi Arabia since the oil price rout has been pursuing overproduction strategy and to push prices to such extend that high cost producers are forced to get out of the market. However, situation might be getting tense even...

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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

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...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

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

Bitfinex CTO Deems Database Breach Claims 'Fake' Amidst Hacker Allegations

Bitfinexs Chief Technology Officer Paolo Ardoino has cast doubts on claims of a database breach by hacker organization FSOCIETY, branding the allegations as fake. Ardoino refuted the purported leak of 22,500 user emails...

Walmart Spotted with Tesla Semi in California as True Launch Date Revealed

Walmarts adoption of a Tesla Semi hit the California highways, signaling the electric trucks expanding reach. The sighting follows Teslas revelation of a late 2025 and early 2026 launch window for the highly anticipated...

Altcoin Market Rally Predicted, Analysts Forecast $4 Trillion Market Cap Surge

Analysts are predicting a substantial rally in the altcoin market, with projections indicating a surge that could drive the market cap to an impressive $4 trillion. This optimistic outlook is supported by positive economic...

Shiba Inu's Remarkable 12% Surge Fueled by Record SHIB Burns, Community Momentum

Shiba Inus ascent reaches new heights as the cryptocurrency experiences a remarkable 12% surge, fueled by record-breaking SHIB burns. The surge reflects robust community engagement and underscores the dynamic nature of the...

Leak: Huawei's Kirin PC Chip, Qingyun Notebooks to Launch Next Month

Leaked information hinting at the imminent debut of the highly anticipated Kirin PC chip alongside the release of new Qingyun notebooks. The introduction of this computer-dedicated CPU marks a significant milestone for...