Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Economy

Sun, Apr 28, 2024 10:04 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

USD likely to strengthen more by end 2017, says BofAML

Nov 07, 2017 04:07 am UTC| Commentary Economy

The US dollar is expected to strengthen more by the end of this year, according to a recent report from Bank of America Merill Lynch (BofAML). While EURUSD was testing levels above 1.20, a drop to 1.15 is projected by the...

Australian bonds slump on expectations of hawkish policy statement; no change in rates expected

Nov 07, 2017 02:26 am UTC| Commentary Economy

Australian bonds slumpedTuesdayon expectations of a hawkish monetary policy statement from the Reserve Bank of Australia (RBA) while keeping its benchmark interest rate unchanged at 1.50 percent. The yield on the...

U.S. Treasuries plummet ahead of FOMC member Dudley’s speech, 3-year auction

Nov 06, 2017 11:25 am UTC| Commentary Economy

The U.S. Treasuries plummeted Monday as investors wait to watch the Federal Open Market Committee (FOMC) member Dudleys speech, scheduled for later in the day. Also, the countrys 3-year note auction, due on November 7 by...

German bunds surge after composite, services PMI disappoints in October

Nov 06, 2017 10:25 am UTC| Commentary Economy

The German bunds surged Monday after the countrys composite as well as services PMI disappointed during the month of October. However, the upside was limited by the rise in Eurozone composite PMI for the same...

EM Asian currencies likely to weaken vs greenback amid declined speculative dollar-short positions, says Scotiabank

Nov 06, 2017 09:22 am UTC| Commentary Economy

The emerging market Asian currencies are expected to weaken against the greenback amid declined speculative dollar-short positions. Also, the geopolitical situation n the Korean Peninsula during US President Donald Trumps...

New Zealand bonds jump sharply at close ahead of GDT price auction, RBNZ monetary policy meeting

Nov 06, 2017 06:05 am UTC| Commentary Economy

The New Zealand bonds sharply jumped at the time of closing Monday as investors poured into safe-haven assets ahead of the GlobalDairyTrade (GDT) price auction, scheduled to be held on November 7. Of utmost importance is...

Japanese bonds gain after BoJ Governor Kuroda recommits to policy easing, dovish September meeting minutes

Nov 06, 2017 04:34 am UTC| Commentary Economy

Japanese government bonds gainedon Mondayas Bank of Japan Governor Haruhiko Kuroda spoke on its recommitment to the ultra-loose monetary policy until 2 percent inflation is achieved. Also, dovish September monetary policy...

1921 1922 1923 1924 1925 1926 1927 1928 1929 1930

Economy

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...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

Politics

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...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

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...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Ethereum Surges 6%, Outshines Bitcoin as Consensys Sues SEC Over Security Status

Ethereums price has surged by over 6% to $3,320, outperforming Bitcoin amidst ongoing legal challenges. Consensys, backing Ethereum, has initiated a lawsuit against the SEC, contesting its attempt to classify ETH as a...

DOJ Counters Dismissal Bid in Tornado Cash Co-founder's Legal Battle

In a recent legal development, the DOJ firmly opposed a motion to dismiss charges against Roman Semenov, co-founder of Tornado Cash, highlighting potential jury issues over the crypto mixers operations and sanction...

Shiba Inu on Edge: 69 Trillion Coins Test Market's Resolve as Prices Wobble

Shiba Inu (SHIB) confronts a critical juncture as its price teeters, driven by a broader market downturn and intense scrutiny over its ability to maintain crucial support levels amid a 69 trillion SHIB battle. Shiba Inu...

Huawei Leaks: Next-Gen Kirin CPU to Rival Apple's M3 Processor

Huaweis chip development team is rumored to be working on a next-generation Kirin CPU that could give Apples M3 a run for its money. The chip is expected to leverage the innovative Taishan V130 architecture, focusing on...

SHIB Burn Rate Soars 88% Following Major Shibarium Upgrade Announcement

Following a crucial upgrade announcement for Shibarium, Shibburn reports a dramatic 88.32% increase in the SHIB burn rate, removing millions from circulation and significantly boosting Shiba Inu coin holders. SHIB...