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BoJ likely to stand pat in March and ease in July

Mar 08, 2016 07:47 am UTC| Commentary Central Banks

The Bank of Japan is expected to highlight that rate cuts are not aimed at competitive devaluation of the JPY. In a short period, multiple cuts might be difficult. It appears to have become less urgent and more difficult...

Renminbi Series

China manages to ease outflows but CNY likely to weaken against USD in 2017

Mar 08, 2016 05:57 am UTC| Commentary Central Banks

Chinas capital outflows have alleviated significantly based on the countrys currency reserve data. Chinas reserves in February declined just USD28.6bn. This is widely similar in valuation-adjusted terms as currencies did...

BOJ offers dollar supply operation for 3/10 - 3/17 (EST)

Mar 08, 2016 01:41 am UTC| Central Banks

The Bank of Japan said it offered dollar supply operation in an agreement starting on 3/10 and ending on 3/17 (EST) with loan rate at 0.870 percent. Amount of BOJs dollar supply operation is unlimited within the amount of...

Taiwan faces the longest slump in exports since 2008

Mar 08, 2016 01:01 am UTC| Commentary Central Banks

Trade data out yesterday showed that exports continued to contract sharply in Feb16, by -11.9% (YoY). Combining Jan-Feb16, exports fell -12.4% on average, a slightly smaller rate compared to -13.9% in 4Q15. But this was...

ECB to lower projections for growth and inflation at March 10th meet and take further action

Mar 07, 2016 10:18 am UTC| Insights & Views Central Banks

Euroarea headline inflation in February slipped back into negative territory, came in at -0.2% from +0.5% in January. Core inflation unexpectedly plunged 0.3pp to +0.7%, just above the all-time low (+0.6%) reached in...

How stolen treasure kick-started the Bank of England

Mar 04, 2016 17:03 pm UTC| Central Banks Research & Analysis

Most people think that the Bank of England has always been there, a national institution set in stone. The truth is much stranger. It began with the fortunes of a treasure hunter and the scheming of a get-rich-quick...

Currency War Series

BoC will probably leave interest rates unchanged next week

Mar 04, 2016 16:33 pm UTC| Commentary Central Banks

The Loonie tumbled more than 12% against the USD from the middle of October 2015 through the middle of January 2016 in a more or less one-way move. Import prices are rising on the back of the weaker currency, thus also...

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Economy

Impact of Iran-Israel conflict on Stocks, Gold and Bitcoin

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation,...

Japan Posts 7.7% Growth in Machinery Orders

In a striking development that looks set to invigorate Japans economic prospects, a key gauge of capital spending in the country has seen its most significant jump in over a year. According to Cabinet Office data released...

How cuts to marginal income tax could boost the UK’s stagnant economic growth

The British prime minister recently claimed the UK economy has turned a corner. Rishi Sunak said inflation figures were encouraging, and proclaimed that 2024 would be the year Britain bounces back. According to his...

A sustainable future begins at ground level

In 2015, the United Nations adopted the Sustainable Development Goals (SDGs) as a call to action in global partnership. By 2023 it appears that our progress has been far from satisfactory in achieving these...

Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing

In February 2024, African heads of states adopted a draft protocol to regulate digital trade within the continent. This significant yet challenging course for Africas digital economy fits into the broader trade agreement,...

Politics

Putin’s Russia: first arrests under new anti-LGBT laws mark new era of repression

Just over three decades after Russia decriminalised homosexuality in 1993, three people have been arrested and charged under the countrys harsh new anti-LGBT laws and could face ten years in prison for membership of an...

Nvidia RTX 4090D Embroiled in US-China Tech Rivalry; South Korea Navigates Chip Export Dilemma

The U.S. government has tightened export restrictions on high-performance semiconductor chips to China, including the Nvidia RTX 4090D, and is urging South Korea to enforce similar curbs, marking a significant escalation...

Canada needs a national strategy for homeless refugee claimants

One year after the federal government closed Roxham Road, refugee claims in Canada continue to increase: there were 143,785 in 2023 compared to 91,730 in 2022. The surprise announcement in March 2023 to modify Canadas...

Who will Trump pick as his running mate?

Being second in line for leadership of the most powerful country in the world is not an easy job. But for Mike Pence, vice president under Donald Trump, things were even harder than usual. As insurrectionists descended...

US and Japan Boost AI, Semiconductor Alliance; EU Eyes Reduction in China Dependence

Japan and the United States are poised to deepen ties in the high-tech sector, signaling a strategic move to enhance their global partnership with a focus on artificial intelligence and semiconductor...

Science

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...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

An eclipse for everyone – how visually impaired students can ‘get a feel for’ eclipses

Many people in the U.S. will have an opportunity to witness nearly four minutes of a total solar eclipse on Monday, April 8, 2024, as it moves from southern Texas to Maine. But in the U.S., over 7 million people are blind...

Technology

Apple Adds Eight Chinese Companies to Its Supply Chain After Axing Four

Apple Inc. reportedly expanded its supply chain by adding eight new Chinese companies. This move made it apparent that the iPhone maker would be relying on a China-based network of companies for the future production and...

China Secures Banned Nvidia Chips Amid U.S. Export Restrictions, Tenders Reveal

A Reuters investigation shows that despite U.S. sanctions restricting exports of advanced Nvidia AI chips, several Chinese educational and research institutions have acquired these through Super Micro and Dell...

OpenAI Likely to Launch GPT-4.5 in 2023 Amid Surging AI Development Costs

As the race in generative AI heats up, OpenAI may opt for an incremental update with GPT-4.5 this year, sidestepping the substantial resource demands a full leap to GPT-5 would entail. Resource Constraints May Steer...

Venezuela Embraces Cryptocurrency for Oil Exports to Circumvent US Sanctions

Venezuelas state oil company, PDVSA, is facing renewed US sanctions. To secure its oil trade revenues, it is increasingly turning to cryptocurrency, specifically USDT. This shift is aimed at sidestepping restrictions that...

Tesla Expands in Thailand: New Interest Rate Program and Land Acquisition Talks

Tesla Thailand announces a competitive interest rate initiative for Model 3 and Model Y purchasers, paired with discussions for substantial land acquisition to establish a Gigafactory, marking a strategic move in the...