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Asia Roundup: Aussie at 2-year peak as RBA expands bank funding scheme, greenback slumps on rate outlook, Asian shares surge following strong China manufacturing PMI - Tuesday, September 1st, 2020

Sep 01, 2020 06:06 am UTC| Market Roundups

Market Roundup Gold rises to 2-week high Oil prices rise on falling U.S. dollar Economic Data Ahead (0400 ET/0800 GMT) EZ Markit Manufacturing PMI(Aug) (0500 ET/0900 GMT) EZ Consumer Price...

America’s Roundup:Dollar hits two-year trough as Fed commits to easy policy, Wall Street ends mixed, Gold inches up, Oil dips as prices struggle to break through demand uncertainty-September 1st,2020

Sep 01, 2020 00:22 am UTC| Market Roundups

Market Roundup Canada Jul Building Permits (MoM) -3.0% , 5.7% previous Canada Jul IPPI (YoY) -2.3%,-3.3% previous Canada Jul RMPI (YoY) -12.1%,-13.5% previous Canada Jul RMPI (MoM) 3.0%,6.9% forecast, 7.5%...

Europe Roundup: Euro gains against dollar as dovish Fed lends support ,European shares dips, Gold dips, Oil hits five-month high on Abu Dhabi supply cuts, China data-August 31st,2020

Aug 31, 2020 13:55 pm UTC| Market Roundups

Market Roundup Swiss Jul Retail Sales (YoY) 4.1%,1.1% previous Spanish Aug HICP (YoY) -0.6%,-0.6% forecast,-0.7% previous Spanish Aug CPI (YoY) -0.5%, -0.6% forecast, -0.6% previous Spanish Aug CPI (MoM) 0.0%,...

Asia Roundup: Antipodeans at multi-month peaks, dollar recovers ground against yen as growth in China's services sector accelerates, Asian shares hit 2-year high - Monday, August 31st, 2020

Aug 31, 2020 06:18 am UTC| Market Roundups

Market Roundup Oil prices gain on stimulus support Gold hits near 2-week high on dollar weakness Economic Data Ahead (0500 ET/0900 GMT) Italy Consumer Price Index (YoY)(Aug) PREL (0500 ET/0900...

America’s Roundup: Dollar drops after shift in Fed policy, Wall Street gains, Gold surges over 2%, Oil prices dip as producers, refiners avoid worst of hurricane-August 29th,2020

Aug 29, 2020 01:47 am UTC| Market Roundups

Market Roundup Canada GDP Annualized (QoQ) (Q2) -38.7%, -39.6% forecast, -8.2% previous Canada GDP (QoQ) (Q2) -11.5%,-2.1% previous Canada GDP Implicit Price (QoQ) (Q2) -1.20%, 0.50% previous US Jul Personal...

Europe Roundup: Sterling hits 8-month high on weak dollar, European stocks dips,Gold jumps almost 2%, Oil edges lower as U.S. producers, refiners avoid worst of storm-August 28th,2020

Aug 28, 2020 13:03 pm UTC| Market Roundups

Market Roundup German Sep GfK Consumer Climate -1.8, 1.2 forecast, -0.3 previous German Jul Import Price Index (MoM) 0.3%,0.2% forecast, 0.6% previous German Jul German Import Price Index (YoY ) -4.6%,-4.7%...

Asia Roundup: Aussie at 1-1/2 year peak, dollar declines against yen as U.S. labour market recovery stalls, Asian shares volatile - Friday, August 28th, 2020

Aug 28, 2020 06:01 am UTC| Market Roundups

Market Roundup Gold steady on economic worries Oil steady as U.S. producers, refiners avoid worst of storm Economic Data Ahead (0500 ET/0900 GMT) EZ Services Sentiment(Aug) (0500...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

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...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

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

AI Protocol Render (RNDR) Soars 15% As Bitcoin Fights For Balance

As Bitcoin grapples with market volatility, altcoin Render (RNDR) stands out with a remarkable 15% surge, showcasing its resilience amid the crypto markets tumult. This surge comes as Bitcoin struggles to find stability,...

Huawei's Covert U.S. Funding Scheme Raises Eyebrows Amid Export Ban

The revelation of Huaweis discreet sponsorship of U.S. research through a Washington-based foundation has reignited concerns about the efficacy of the export ban. Despite regulatory hurdles, the tech giant managed to fund...

Crypto.com's F1 Sponsorship Expansion Sparks Global Visibility Drive

Crypto.com, one of the top exchanges in the digital currency ecosystem, is set to expand its sporting ad budget. Notably, the trading platform is looking to expand its dominance in its push for global...

Stablecoins Set to Overtake Visa, Ripple CEO Affirms XRP and ETH Not Securities

Stablecoins are poised to challenge Visas dominance in payment volume, marking a significant shift in the crypto landscape. Meanwhile, Ripple CEO Brad Garlinghouse asserts that XRP and Ethereum (ETH) are not securities,...

Justin Sun Dominates Swell L2 with 46% of Deposits in eETH

Justin Sun, founder of Tron, has again surged into the limelight, this time for his colossal cryptocurrency deposits. The crypto tycoon, utilizing the pseudonymous address 0x7a9…3095, recently funneled a staggering...