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Sun, May 05, 2024 09:58 AM All times are UTC

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Japanese manufacturing starts the year in positive tone

Jan 22, 2016 09:52 am UTC| Commentary

Japanese manufacturing sector probably started the year on a positive note according to purchasing managers report from Nikkei/Market economics. While the growth has been less than expected, it is important to note...

French public deficit likely to reach 3.5% of GDP in 2016, 3.2% in 2017

Jan 22, 2016 09:31 am UTC| Commentary

Frances public deficit has improved in the first three quarters of 2015. The main reasons for the improvement are a sharper drop in public investment and a lower debt servicing costs. Both the factors are likely to drop by...

France’s GDP likely contracted 0.1% q/q in Q4 2015

Jan 22, 2016 09:17 am UTC| Commentary

Frances Q4 2015 GDP is expected to have entered the contraction territory at -0.1% q/q after growing modestly by 0.25% q/q in Q3 2015. The nations 2015 annual GDP growth is likely to slow from 1.2% to 1%. Although we...

Philadelphia Fed manufacturing index continues to be negative

Jan 22, 2016 08:43 am UTC| Commentary

The Philadelphia Fed manufacturing index for January rose to -3.5 from -10.2, as compared with Barclays forecast of -10 and consensus projection of -5.9. On a monthly basis, shipments surged to 9.6 from -2.1, while new...

Business investment and contagion – a deadly combination for CAD

Jan 22, 2016 08:14 am UTC| Commentary Economy

Lower oil price, Canadas most important export and source of revenue is leading to lower business investment in the country, which now stands at lowest since the great recession of 2008/09. Lower oil price is having its...

RUB likely driven by volatility in oil prices

Jan 22, 2016 07:55 am UTC| Commentary

The RUB is in line with the oil market trend, however, in the previous sessions it surpassed the commodity market. Speculation against the RUB is seen increasing as risk- off sentiments continues to prevail in the markets....

Currency War Series

Danmarks Nationalbank likely to lower interest rate on certificates of deposit to -0.75%

Jan 22, 2016 07:24 am UTC| Commentary Central Banks

The European Central Bank is likely to lower deposit rate by 10bp to -0.40% during its March meeting. Danmarks Nationalbank (DN) is expected to follow the ECBs rate cut and lower the interest rate on certificates of...

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Economy

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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

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...

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...

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

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...

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,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

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...

Bitcoin's Next Bull Run Hinges on Key Trading Pattern Confirmation: Analysts

Cryptocurrency traders are eyeing a potential bullish reversal for Bitcoin, with analysts suggesting that validating an inverse head and shoulders pattern could propel the next leg up for the leading cryptocurrency....

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...

Tesla Cybertruck 'Odyssey' Roars into Europe, Berlin Display Kicks Off Tour

Teslas futuristic Cybertruck made a striking debut at Berlins Mall of Berlin, marking the launch of its European tour. The event, part of the Cyber Odyssey, precedes the electric pickups journey through 24 cities as Tesla...

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...