Germany's general applicability of collective agreements unlikely to be declared in 2015
Jul 16, 2015 06:57 am UTC| Commentary
Since January 2015, it has been much easier for the German government to declare wage agreements generally binding, compelling even businesses that are not covered by collective agreements to apply them. The government was...
Costs of minimum wage in Germany to rise in 2015/16
Jul 16, 2015 06:40 am UTC| Commentary
The situation in Germany has changed least where the general statutory minimum wage is concerned. At the start of the year, the introduction of the minimum wage would mean additional."Based on a new analysis of the...
June to be a softer quarter for Australian CPI
Jul 16, 2015 06:22 am UTC| Commentary
June seems historically a softer quarter for the Australian CPI, in part due to the Pharmaceutical Benefit Scheme resetting, the discounting of domestic holiday travel and falling fruit vegetable prices.The core measures,...
Financial liberalization in China may cause massive capital outflow
Jul 16, 2015 06:10 am UTC| Commentary
China is running a current account deficit, indicates China buys more from the rest of the world than the world buys from it.China, which built its success as a mercantilist export engine, would need to morph into being a...
ECB tone EUR negative, but no sustained impact
Jul 16, 2015 05:41 am UTC| Commentary
The ECBs dovish tone would be expected to be negative for the Euro, but should not have a sustained impact. The current level of EUR/USD is consistent with data and fundamentals. Market positions in G10 FX are relatively...
EUR front-end remains mispriced
Jul 16, 2015 05:33 am UTC| Commentary
For the EUR front-end, Draghis dovish tone and the reiteration that "if anything, the ECB could do more" is likely to keep curves well supported. While shorter dated forwards have repriced lower, longer dated forwards...
RBNZ to cut even further on plunging dairy prices
Jul 16, 2015 05:27 am UTC| Commentary
At todays GlobalDairyTrade auction, dairy prices fell 10.7%. Fonterras milk payment to farmers is forecasted to $4.30 /kg, which is lower than last seasons $4.40. A few hours later inflation figures were, once again,...
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’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects