Significantly lower platinum group metal supply deficits anticipated in 2015
May 20, 2015 09:57 am UTC| Commentary
The situation on the global platinum and palladium markets will ease noticeably this year. Johnson Matthey, the worlds largest refiner of platinum and palladium, estimates that platinum supply will fall short of demand by...
UK minutes show MPC not too worried by deflation
May 20, 2015 09:32 am UTC| Commentary
The minutes of Mays MPC meeting dont tell us anything that we didnt already know from the Inflation Report. The key message is that the next move in interest rates will be up, but not for some time. Admittedly, while the...
Decline in oil prices hits Norway's economy
May 20, 2015 09:28 am UTC| Commentary
Q1s GDP data showed that the decline in oil prices hit the economy fairly hard. While policymakers have the tools to prevent a more severe downturn, growth is likely to remain slow by past standards. Overall GDP growth...
Norway posts stronger GDP growth
May 20, 2015 09:20 am UTC| Commentary
Mainland GDP in Q1 was stronger than expected with 0.5% q/q. There was solid growth in most production sectors apart from manufacturing were production fell strongly as expected. The figure was much stronger than expected...
Oil prices fall by more than 3% to 3-week lows
May 20, 2015 08:43 am UTC| Commentary
Oil prices fell by more than 3% yesterday. Brent dropped at its lowest point to $64 per barrel, its lowest level since the end of April.At $57 per barrel, WTI likewise recorded a three-week low. Following the contract...
China's NDRC could relax rules for bond sales
May 20, 2015 07:41 am UTC| Commentary
There are reports that Chinas NDRC (National Development and Reform Commission) could relax bond issuance requirements to boost investment funding and credit growth. This should make it easier for the local governments to...
CBT expected to keep policy unchanged today
May 20, 2015 07:30 am UTC| Commentary
A lira-neutral outcome is expected from todays CBT meeting: the CenBank will likely leave rates on hold for at least another month - this is because the previous inflation data had surprised to the upside, and lira...
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