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Sat, May 18, 2024 06:26 PM All times are UTC

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MOODY'S ASSIGNS AAA TO $816M STATE OF CALIFORNIA VARIOUS PURPOSE GO BONDS

May 26, 2016 22:44 pm UTC| Research & Analysis

MOODYS ON STATE OF CALIFORNIA - RATING ACTION AFFECTS $815,790,000 OF AGGREGATE DEBT REFUNDED PURSUANT TO THE APRIL 28, 2016 ESCROW AGREEMENT MOODYS ASSIGNS AAA TO $816M STATE OF CALIFORNIA VARIOUS PURPOSE GO...

FITCH ON DISTRICT OF COLUMBIA - ANTICIPATES ANOTHER GENERAL FUND OPERATING SURPLUS IN FISCAL 2016

May 26, 2016 21:03 pm UTC| Research & Analysis

FITCH RATES DISTRICT OF COLUMBIAS $422MM GOS AA OUTLOOK STABLE FITCH - AFFIRMS RATING ON DISTRICTS OUTSTANDING GO BONDS AT AA AND DISTRICTS ISSUER DEFAULT RATING (IDR) AT AA FITCH OF DISTRICT OF COLUMBIA - AA IDR...

FITCH AFFIRMS ALBEMARLE'S IDR AT 'BBB-'; OUTLOOK STABLE

May 26, 2016 20:17 pm UTC| Research & Analysis

Fitch Ratings has affirmed Albemarle Corporations (NYSE: ALB, Albemarle) Issuer Default Rating (IDR) at BBB-. A complete list of ratings actions follows at the end of this release. Albemarles ratings reflect the...

FxWirePro: USD/CAD put ladders on competitive advantage as IVs to shrink in long tenors (1M-6M)

May 26, 2016 13:38 pm UTC| Research & Analysis Insights & Views

We cannot appreciate why CAD has been appreciating against USD as Bank of Canadas has decided to maintain status quo in its monetary policy, overnight rates are kept unchanged at 0.50% which is in line with...

FX Hedging Strategy Series

FxWirePro: Yellow metal futures drift on 7-week lows amid sheer optimism on Fed - Optimize 3-way straddle vs Call using OTM

May 26, 2016 11:34 am UTC| Research & Analysis

Market players will pay close attention to comments from a pair of Fed officials later in the day for further hints on the timing of a U.S. rate hike. At present the expectation of a Fed hike in June is rising notably....

FX Hedging Strategy Series

FxWirePro: Many reasons that drive NZD depreciation and stagnant IVs

May 26, 2016 08:27 am UTC| Research & Analysis

NZ Treasury, budget, RBNZ and Fed hint on weakness in NZDUSD. We still expect NZD/USD to weaken as NZ/US monetary policy diverges. Furthermore, RBNZ doesnt really seem to have eased their economy by reducing 25 bps...

FX Hedging Strategy Series

FxWirePro: Load up weights in NZD/USD option strips with gamma instruments as Kiwis produce healthy trade balance and budget sensations

May 26, 2016 08:00 am UTC| Research & Analysis

Markets have been focused on the NZ trade balance and budget. NZ April 2016 Merchandise Trade prints positive numbers that drives NZDs strength for the moment. Balance: $292m (Market f/c: $117m) Exports : $4,300m...

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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...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

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...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Technology

Altcoins Expected to Yield 2x-5x Gains by May End: Fetch.AI, Floki, AAVE, ENA

The latest climb in Bitcoins price beyond $65,000 on Wednesday sparked a new relief rally in the cryptocurrency market. Top altcoins are also profiting from the upward momentum, recovering from recent downturn tendencies....

US Orthodontic Leader Accepts Shiba Inu, Embracing Cryptocurrency for Payments

Shiba Inu, the popular meme coin, is experiencing a period of growth and increased utility. Amoré Orthodontic Aligners, a company that specializes in orthodontic care, recently announced that it will now accept SHIB...

Crypto Lender Genesis to Return $3 Billion in Bankruptcy Wind-Down Amid Rising Creditor Haircuts

Crypto lender Genesis Global received court approval to return nearly $3 billion to customers, while a report highlights a significant increase in creditor haircuts in bankruptcy cases to 73% in FY24. Judge Approves...

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...