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Why thinking beyond money is vital for solving the poverty puzzle

May 23, 2017 09:23 am UTC| Insights & Views Economy

According to the OECD, development aid recently reached a new peak of $US142.6 billion a year. But international assistance that aims to alleviate poverty can have undesirable, and often unintended consequences on both...

US under Trump Series

US under Trump Series: Few highlights of Trump’s budget proposals from briefing

May 23, 2017 08:22 am UTC| Commentary Economy

The director of the Office of Management and Budget (OMB) Mick Mulvaney introduced President Donald Trumps first budget proposal. He briefed the reporters from the White House on the budget, for which the actual document...

FxWirePro: The Day Ahead- 23rd May 2017

May 23, 2017 05:30 am UTC| Commentary Economy Central Banks

Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: Japan: Flash Nikkei manufacturing PMI came at 52 for May. All industry activity index...

Australian labor costs growth likely bottomed, may rebound slightly in 2017 - ANZ

May 22, 2017 23:21 pm UTC| Commentary Economy

The ANZ wage gauge, which is a survey-based measure of Australias wage costs rose in April. The rise in the gauge was driven by a rebound in the companies component as Australian businesses appear to expect marginally...

Do Australian banks have double the return on equity of banks in other developed economies?

May 22, 2017 13:03 pm UTC| Insights & Views Economy

The banks in Australia have a return on equity which is about twice, if not more than that, what you see particularly in other parts of the advanced developed economies of the world. Treasurer Scott Morrison, ABC Insiders,...

How UKIP’s decline could provide a major boost for Theresa May

May 22, 2017 12:55 pm UTC| Insights & Views Economy Politics

The British prime minister Theresa May called a snap general election in the expectation that it will deliver her a substantially increased parliamentary majority. This in turn would give her the strong and stable...

Vital Signs Series

Dismal wages growth makes a joke of budget forecasts

May 22, 2017 12:51 pm UTC| Insights & Views Economy

Vital Signs is a weekly economic wrap from UNSW economics professor and Harvard PhD Richard Holden (@profholden). Vital Signs aims to contextualise weekly economic events and cut through the noise of the data affecting...

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Economy

Japan's underlying inflationary pressures remain subdued, highlight difficult task ahead for the BoJ

In Japan, data from the Internal Affairs Ministry showed on Friday that Japans core consumer inflation gauge rose for a fourth month in April, the longest run of gains since mid-2015, but remains far below the central...

U.S. Treasuries gain ahead of Q1 GDP data; slightly higher initial jobless claims lend support

The U.S. Treasuries gained Friday as investors await the countrys first-quarter gross domestic product (GDP), scheduled to be released later in the day. Further, the slightly higher reading of the initial jobless claims,...

EUR/HUF likely to remain steadily higher over the coming year, says Commerzbank

MNB remained dovish at its May Monetary Policy Committee (MPC) meeting this week, but there was the absence of any fresh dovish signals, which made markets wonder whether or not MNB was going to reconsider its ultra-dovish...

FxWirePro: The Day Ahead- 26th May 2017

Not many economic data and events scheduled for today and some with high volatility risks associated. Upcoming: The 43rd G7 summit begins today in Italy. United States: Feds Bullard is scheduled to speak at...

UK's Q1 GDP growth unexpectedly revised down in 2nd estimate, BoE policy unlikely to see significant impact

The second estimate of UK GDP for Q1 2017 released earlier today saw an unexpected revision down to 0.2 percent from the previous estimate of 0.3 percent. Todays data follows growth of 0.7 percent in Q4 of 2016 and means...

Politics

How World War I changed the weather for good

Culture has rarely tired of speaking about the weather. Pastoral poems detail the seasonal variations in weather ad nauseam, while the term pathetic fallacy is often taken to refer to a Romantic poets wilful translation of...

Beyond Brexit: ‘Global Britain’ looks to the emerging Anglosphere for new opportunities

What lies beyond Brexit? This is not just a question for the United Kingdom and the European Union, but also one that will reverberate around the world. One answer is the Anglosphere. Often spoken of as an...

Electioneering in the social media age

Britain is engaged in a General Election contest and once again political parties are investing money, time and energy in their online presence. The Tories are ploughing cash into Instagram adverts and Labour is doing its...

How UKIP’s decline could provide a major boost for Theresa May

The British prime minister Theresa May called a snap general election in the expectation that it will deliver her a substantially increased parliamentary majority. This in turn would give her the strong and stable...

US under Trump Series: Appointment of Mueller as special counsel is good news for policies

Last week, the US deputy attorney general Rod Rosenstein appointed the former FBI director Robert Mueller as a special counsel to the investigation to Russias meddling with the US election and alleged collusion between the...

Science

There Are Now Tattoos That Can Say It Was Stupid To Get A Tattoo Out Loud

Humans have had a long history with tattoos, going back to the hunter-gatherer days when primitive tribes would mark themselves after a successful hunt or winning a war. These days, tattoos have become a fashion statement,...

Gas Station On The Moon Planned, Mars Mission Jump Point

There are several developments in the space sector right now, one of which is the effort to colonize Mars. However, this project has quite a few obstacles with energy burnout being a major factor. This is where a Caltech...

Arms Early Impressions Favorable, Nintendo Switch Motion Control Seems Good

When it was announced that Nintendo was going to be released a fighting game with motion controls called Arms, many were concerned that the response wouldnt be up to par. Based on early impressions, however, both the game...

Scientific Proof That Vegans Are Right, Going Meatless Will Save The World

In developed communities, particularly in the US, Vegans have earned unfortunate reputations for being a little annoying. However, new scientific research suggests that they may actually have the right standpoint on the...

Inoculation theory: Using misinformation to fight misinformation

As a psychologist researching misinformation, I focus on reducing its influence. Essentially, my goal is to put myself out of a job. Recent developments indicate that I havent been doing a very good job of it....

Technology

Another Private Rocket Company Competes With SpaceX, Successful Test Reaches Space

Theres no denying that Elon Musks SpaceX is the most popular private space company in the business right now. However, its not the only one. Another American company successfully launched a rocket from a New Zealand site,...

Free ‘The Witcher’ Game Available To Players Of ‘Gwent’ Closed Beta

CD Projekt Red has opened the doors to the open beta of the Gwent: The Witcher Card Game, so everyone can finally try out the spin-off card game found in The Witcher 3: Wild Hunt title. This isnt the end of the surprises,...

Fallout 4 Is Free-To-Play This Weekend, But Only This Weekend

Theres no doubt that Bethesdas Fallout 4 video game has been a financial success, but it seems the company wants to increase the exposure of the title years after its release. This weekend, players will be able to download...

Far Cry 5 Details Revealed; Cults And Inbred Characters?

After confirming a few details about Far Cry 5 last week, Ubisoft promised that it will do the official announcement of the game in a few days. In the meantime, the company released an official artwork for the game that...

DJI Introduces ‘Spark’ Its Smallest Drone Yet, Only $499

Chinese tech company DJI is undeniably dominating the drone market, but in order to stay on top, it needs to provide more variety to its lineup. Introducing the new Spark, the companys smallest drone that comes with an...
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Market-moving news and views, 24 hours a day >

May 26 13:00 UTC Released

MXJobless Rate SA

Actual

3.6 %

Forecast

Previous

3.50 %

May 26 13:00 UTC Released

MXJobless Rate

Actual

3.5 %

Forecast

3.32 %

Previous

3.20 %

May 26 14:00 UTC 5656m

USU Mich Sentiment Final

Actual

Forecast

97.5 %

Previous

97.7 %

May 26 14:00 UTC 5656m

USU Mich Conditions Final

Actual

Forecast

112.5 bln $

Previous

112.7 bln $

May 26 14:00 UTC 5656m

USU Mich Expectations Final

Actual

Forecast

87.9 bln $

Previous

88.1 bln $

May 26 14:00 UTC 5656m

USU Mich 1Yr Inf Final

Actual

Forecast

Previous

2.6 %

May 26 14:00 UTC 5656m

USU Mich 5-Yr Inf Final

Actual

Forecast

Previous

2.3 %

May 26 14:30 UTC 8686m

USECRI Weekly Index*

Actual

Forecast

Previous

144.5 %

May 26 14:30 UTC 8686m

USECRI Weekly Annualized*

Actual

Forecast

Previous

5.0 %

May 26 14:30 UTC 8686m

BRPrimary Budget Surplus*

Actual

Forecast

5.000 bln BRL

Previous

-11.047 bln BRL

Close

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