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Tue, May 14, 2024 09:23 AM All times are UTC

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Commodities snapshot (precious & industrial)

May 19, 2016 12:30 pm UTC| Commentary

Metal pack is down today. Performance this week at a glance in chart table - Gold Gold is down over stronger Dollar, on hawkish FOMC. Todays range $1247-1261 Gold is currently trading at $1248/troy...

Bank Indonesia leaves key reference rate unchanged, revises down 2016 growth outlook

May 19, 2016 12:23 pm UTC| Commentary

Bank Indonesia has kept its policy instruments on hold, while stating that the transmission of monetary policy is rebounding. The Indonesian central bank kept the reference rate unchanged at 6.75%, the deposit facility at...

Currency snapshot (commodity pairs)

May 19, 2016 12:21 pm UTC| Commentary

Dollar index trading at 95.26 (+0.13%) Strength meter (today so far) Aussie -0.34%, Kiwi -0.19%, Loonie -0.57% Strength meter (since last week) Aussie -0.95%, Kiwi -0.24%, Loonie -1.30% AUD/USD Trading at...

U.S Treasuries gain on weak crude

May 19, 2016 12:13 pm UTC| Commentary

The U.S. Treasuries strengthened Thursday as crude oil prices fell more than 2 pct intra-day on rising US crude inventories, a stronger dollar and surging output from Iran to Europe and Asia. The yield on the benchmark...

EUR/NOK likely to trend downwards in medium to long term

May 19, 2016 12:02 pm UTC| Commentary

The Norwegian krone is expected to be on weaker levels against the US dollar and the euro in short term. This is because of the fact that the central bank considers the exchange rate as part of monetary policy and that the...

Poland’s economic growth to accelerate slightly in Q2, NBP likely to lower key rate to 1% in 2016

May 19, 2016 11:36 am UTC| Commentary

In the past quarter, Polands economic indicators have become weaker; however, they continue to be stable. The PMI dropped to 51 in the first quarter from 54. Also, uncertainty about demand from external trading partner...

Portugal still expected to recover moderately on robust external demand, new ECB measures

May 19, 2016 11:35 am UTC| Commentary

Portugal is still expected to moderately recover from the lows of its economy in the coming quarters, despite the poor economic performance the country has shown in the recent past. The growth forecast for 2016-17, has...

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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...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

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

President Joe Biden Orders Removal of Chinese-Owned Crypto Miner Near Wyoming Missile Base

President Joe Biden has ordered the removal of a Chinese-owned cryptocurrency mining company from land near a Wyoming missile base, citing national security concerns. The directive targets MineOne Cloud Computing...

Shiba Inu (SHIB) May Skyrocket 20% If This Happens, Analysts Warn of Risks

Shiba Inu (SHIB) may skyrocket 20% if it breaches a critical resistance level, analysts suggest. The cryptocurrency is currently hanging from the edge, facing pivotal support levels that will determine its next...

Hong Kong Bitcoin and Ether ETFs Experience Highest Net Outflows Since Launch

Hong Kongs Bitcoin and Ether ETFs have experienced record net outflows since launch, marking a significant downturn in investor sentiment and fund performance. Hong Kongs Bitcoin and Ether ETFs Face Unprecedented $52.5M...

Subaru and Toyota Collaborate on 3 New Electric SUVs, Citing ‘Huge Risk’ of Solo EVs

Subaru and Toyota are expanding their partnership to produce three new electric SUVs, with Subarus CEO citing the huge risk of developing EVs independently. Subaru Partners with Toyota to Reduce Risks in EV Development,...

First Look: Tesla Cybertruck's New Tactical Grey Interior Spotted in Forum Images

Tesla enthusiasts got a first look at the new Tactical Grey interior for the Cybertruck, revealed through leaked images on the Cybertruck Owners Club Forum. Cybertruck Owners Forum Unveils Tactical Grey Interior Last...