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Tue, May 14, 2024 12:41 PM All times are UTC

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Currency snapshot (commodity pairs)

May 18, 2016 12:19 pm UTC| Commentary

Dollar index trading at 94.71 (+0.14%) Strength meter (today so far) Aussie +0.60%, Kiwi -0.36%, Loonie -0.47% Strength meter (since last week) Aussie +0.88%, Kiwi +0.64%, Loonie -0.05% AUD/USD Trading at...

Bank Indonesia to stand pat, unlikely to change policy rate until August

May 18, 2016 12:12 pm UTC| Commentary

Bank Indonesia is likely to keep the policy on hold this week, said Societe Generale in a research report. In August of this year, the BI rate will no longer be the policy rate. It will be replaced by the 7-day reverse...

Currency snapshot (major pairs)

May 18, 2016 12:02 pm UTC| Commentary

Dollar index trading at 94.74 (+0.18%) Strength meter (today so far) Euro -0.29%, Franc -0.25%, Yen -0.28%, GBP +0.55% Strength meter (since last week) Euro -0.13%, Franc -0.97%, Yen -0.77%, GBP +1.23% EUR/USD...

After Yesterday’s CPI, rates market turns hawkish in hike expectations

May 18, 2016 11:46 am UTC| Commentary

After inflation readings from April released yesterday and two prominent members of FOMC warned that market is underestimating June hike possibility, rates market has turned a bit more hawkish in their expectations. In...

UK’s financial well-being hits 22 month low

May 18, 2016 11:35 am UTC| Commentary Economy

According to survey conducted by Markiteconomics, UK Household finance index (HFI), which is a perceptive measure of financial wellbeing has dropped to 22 month low, ahead of Britains referendum over EU. According to...

Australia’s job creation rate likely eased in April, jobless rate to have risen to 5.8 pct

May 18, 2016 11:30 am UTC| Commentary

Recoil after a strong employment data in Q4 2015 mainly drove the employment data for the first quarter of 2016. In the last quarter of 2014 employment increased at an average of 41k or at an annualized rate of 4.2%....

Koruna remains firm on better-than-expected Czech GDP, Zloty under pressure

May 18, 2016 11:30 am UTC| Commentary

The Koruna remained on a notably good track, gluing to the Czech National Banks intervention threshold, after Q1 gross domestic product confirmed that the Czech economy remains on a good track. At the time being, there...

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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

OKX Expands to Australia, Introduces BTC, ETH, SOL Trading Options

OKX, a leading worldwide cryptocurrency exchange and Web3 technology business, has officially launched its crypto exchange services in Australia. This expansion is a big milestone for OKX, since it now provides spot (buy...

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,...