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Sat, May 18, 2024 02:17 PM All times are UTC

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Further easing expected from BOC

Aug 05, 2015 21:17 pm UTC| Commentary

The BOC cut the overnight rate by another 25bp in July. Although the Bank continues to provide little guidance on the future direction of the policy, further policy easing is expected, with the base case scenario of yet...

Fed signals low bar for September hike

Aug 05, 2015 20:54 pm UTC| Commentary

The dollar extended its rally since the June FOMC meeting as the market priced increased chances of a September hike. The July FOMC statement highlighted the bar for hikes is not high with the Committee only needing to see...

Macro outlook should put US rate hikes on the horizon

Aug 05, 2015 20:42 pm UTC| Commentary

Greek issues have receded from the headlines, and the market focus is expected to return to core worries around the broader global macro outlook. In particular, the USD is expected to move higher as the July 29th FOMC...

US ISM non-manufacturing index rises to 60.3 in July

Aug 05, 2015 20:22 pm UTC| Commentary

The Institute of Supply Management (ISM) non-manufacturing index surged 4.3 points to 60.3 in July (from 56.0 in June), handsomely topping the consensus forecast for a modest uptick to 56.2. Details of the report were...

U.S. Economic data remains hot this summer

Aug 05, 2015 16:26 pm UTC| Commentary

Economic data is hot this summer. In the past weeks a flurry of housing, auto, and labor data has been released, proving that the U.S. economy is moving in the right direction. Existing home sales rose 3.2 percent to an 8...

U.S. Goods & Services trade deficit (June)

Aug 05, 2015 15:45 pm UTC| Commentary

The strong greenback continues to inflict pain on exporters. Exports slipped 0.1% in June and are down 3.6% y/y, falling for the 6th straight month, but it was the smallest decline in a year and a half. Imports grew for...

Canadian merchandise trade (June)

Aug 05, 2015 15:16 pm UTC| Commentary

Canadas merchandise trade deficit narrowed massively to $0.5 bln in June, far better than expected, while Mays shortfall was revised just slightly lower to $3.37 bln. Exports surged 6.3%, with three major sectors seeing...

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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...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

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...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Technology

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...

Crucial SHIB Warning Goes Out: Fake Airdrop Scams Targeting Community, Here's Reason

The Shiba Inu team has delivered a crucial warning to its community, highlighting the presence of fake SHIB airdrop scams and the importance of safeguarding cryptocurrency assets. Shiba Inu Team Warns Community Against...

Altcoins a ‘Relatively Huge’ Risk as Big Returns Fade, Analysts Warn Investors

Analysts caution that altcoins now represent a relatively huge risk, with the days of massive returns fading. Markus Thielen of 10xResearch suggests the high-reward era is over as crypto market narratives...