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Sun, May 12, 2024 08:04 AM All times are UTC

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Singapore’s NODX drops unexpectedly in September, likely to average 5.5 pct in 2017

Oct 17, 2017 13:58 pm UTC| Commentary Economy

Singapores non-oil domestic exports surprisingly dropped in the month of September. The NODX fell 10 percent sequentially. This was the first year-on-year contraction since April 2017. Electronics exports were the main...

Oil in Global Economy Series: Kuwaiti oil minister sees no need to extend supply cut agreement

Oct 17, 2017 11:33 am UTC| Commentary Economy

Kuwaiti oil minister Essam al-Marzouk said that OPEC and its non-OPEC partners may not need to extend that supply cut agreement beyond the current deadline of March 2018, which is aimed at reducing global oil supplies by...

U.S. Treasuries flat in timid session ahead of FOMC member Harker’s speech

Oct 17, 2017 10:52 am UTC| Commentary Economy

The U.S. Treasuries traded range-bound Tuesday as investors await FOMC member Harkers speech, scheduled to be held today by 17:00GMT. The yield on the benchmark 10-year Treasury flat at 2.31 percent, the super-long...

UK gilts steady after September consumer inflation matches expectations; investors eye BoE Governor Carney’s speech

Oct 17, 2017 09:30 am UTC| Commentary Economy

The UK gilts slumped Tuesday after the countrys consumer price-led inflation index for the month of September met market expectations, and coming in higher than the previous reading in August. The yield on the benchmark...

Bank of Korea likely to hold rates at 1.25 pct, keep economic outlook assessment unchanged: DBS Group Research

Oct 17, 2017 06:53 am UTC| Commentary Central Banks Economy

The Bank of Korea (BoK) is expected to keep its benchmark policy rate unchanged at 1.25 percent at its monetary policy meeting, scheduled to be held on October 19. Also, it is seen to keep the assessment of economic...

New Zealand bonds end tad lower after Q3 CPI tops expectations; eyes on GDT price auction

Oct 17, 2017 06:03 am UTC| Commentary Economy

The New Zealand bonds ended Tuesdays session lower after the countrys third-quarter consumer price inflation (CPI) beat market expectations. Further, investors are now closely eyeing the GlobalDairyTrade price auction,...

USD/INR likely to consolidate between 65-66 range in near-term, says Commerzbank

Oct 17, 2017 05:12 am UTC| Commentary Economy

The USDINR currency pair is expected to consolidate between a range of 65-66 over the near-term, according to reports from Commerzbank. There was some good news for the Modi government after the latest inflation figures...

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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...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

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...

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...

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,...

Technology

Ex-PayPal CEO Touts Bitcoin Lightning as Corporate Transaction Future

David Marcus, former PayPal CEO, endorses the Bitcoin Lightning Network as the future norm for corporate transactions worldwide, forecasting a transformative shift in global payment systems. David Marcus Champions...

DogeCoin and Shiba Inu Poised for Over 100% Market Rally

As the crypto market braces for recovery, Dogecoin and Shiba Inu show signs of a potent rebound. Technical indicators and market dynamics suggest a potential surge exceeding 100%, attracting keen investor...

FED Quietly Initiates Money Printing, Sparks Bitcoin Price Surge Speculation

One chart stands out as a beacon of optimism for Bitcoin and its peers in the complex landscape of cryptocurrencies. With the revival of the US money supply, investors face a critical moment. As the printing machines...

Ethereum ETFs: All Pending SEC Applications in a Bid for Regulatory Approval

Following the historic approval of 11 spot Bitcoin exchange-traded funds in January, industry analysts are asking when the US Securities and Exchange Commission (SEC) will approve an Ethereum counterpart. For those who...

Tron Founder Justin Sun Bags 2M Tokens From EigenLayer Airdrop, Boosting Crypto Clout

Justin Sun, the founder and CEO of Tron (TRX), stands to benefit significantly from the EigenLayer token airdrop. He received over $2 million in EIGEN tokens as part of EigenLayers Phase 1 airdrop. acquiring a staggering...