Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Central Banks

Fri, May 03, 2024 12:59 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Currency War Series

China's policymakers need to ease monetary policy further to support growth

Dec 14, 2015 09:22 am UTC| Commentary Central Banks

Chinese Yuan has slowly dropped against US dollar over last month. Novembers PBoC FX reserve data indicates active intervention to smooth out CNY depreciation pressures. This depreciation bias is expected to persist in...

BoJ likely to stand pat on Friday

Dec 14, 2015 07:48 am UTC| Commentary Central Banks

Divergence is seen between Japans data, soft and hard data in relation to inventories. This gap will remain intact, which reflects the adjustments to the perceptions about inventory levels since the earthquake in Great...

Currency War Series

Policy divergence between Fed and RBNZ likely to push NZD/USD towards 0.63

Dec 14, 2015 07:34 am UTC| Commentary Central Banks

In New Zealand, the key data releases are Q3 balance of payments and Q3 GDP. The latter is likely to rise, a payback for a soft H1. Business Confidence index and GT Dairy Auction are also due to release this week, the...

Currency War Series

RBA likely concerned by relative currency strength

Dec 14, 2015 07:06 am UTC| Commentary Central Banks

Reserve Bank of Australia board meeting minutes likely to show that the board is encouraged by stronger activity signs and more signals that the housing market is being cooled by the recent round of macro-prudential...

Currency War Series

Norges bank likely stand pat at December meeting despite oil price drop

Dec 14, 2015 06:55 am UTC| Commentary Central Banks

Norways inflation surprised the markets to the upside recently, and despite the long held hypothesis that the central bank is willing to bear a slight inflation shoot-up, it will not desire to fuel the weaker currency and...

Riksbank likely to stand pat in December meeting

Dec 14, 2015 06:46 am UTC| Commentary Central Banks

Swedens Riksbank is expected widely to keep its policy rate on hold in its upcoming policy meeting tomorrow, but retain an easing bias. Disappointing ECB meeting and higher-lower-bound prospects in EA rates, have abated...

Better Tankan survey means BOJ to stay put

Dec 14, 2015 06:41 am UTC| Commentary Central Banks

Today released, Tankan survey is likely to provide more ammunitions to Bank of Japan (BOJ) hawks (less dove actually) to argue for staying put and not increase stimulus from Current level. After European Central Banks...

671 672 673 674 675 676 677 678 679 680

Economy

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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

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...

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...

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

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...

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,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Technology

Hyundai Motor Scales Up Hydrogen EV Truck Business in the US

Hyundai Motor Company is expanding its hydrogen EV truck operations in the United States to take the lead in this line of business in the region. As part of the initiative, South Korean vehicle manufacturers are offering...

Kakao Enhances AI Focus, Merges Kakao Brain Into Core Operations

South Koreas Kakao Corporation finally decided to absorb Kakao Brains AI unit. The tech and internet giant is taking over its AI research and development (RD) business, which will include all of the departments staff and...

Shiba Inu (SHIB) Team Insider Unravels Key Burn Mystery: Exclusive Details

In a revealing discussion, Lucie, a member of the Shiba Inu team, sheds light on the enigmatic key burns orchestrated by the projects founder, Ryoshi. Lucies insights, shared in response to community inquiries, clarify...

World's Largest Electric Container Ship Sets Sail with 50,000 kWh Battery Power

COSCO Shipping, a Chinese state-owned firm, has unveiled what it calls the worlds largest river-to-sea electric container vessel. The Green Water 01 is a 10,000-ton+ electric vessel that sets a new standard for...

Tesla Drivers Get $4k Off 2024 Chevy Blazer EV; Costco Auto Slashes Prices on New EVs

Tesla owners rejoice as Chevrolet rolls out an unprecedented $4,000 discount on the 2024 Blazer EV, open to Tesla drivers and a quirky list of EV owners. The electric vehicle market got more enticing with incentives...