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Fri, Jun 07, 2024 10:01 AM All times are UTC

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Frontend KRW swap rates no longer pricing in further easing

Dec 08, 2015 03:06 am UTC| Commentary

Frontend KRW swap rates are now trading above the 3M CD rate (which serves as the floating leg fixing for KRW swaps). This marks a change from 3Q when the market was speculating on further easing by the Bank of Korea...

Commodity currencies hurt by oil, Asian currencies by disappointing data

Dec 08, 2015 02:57 am UTC| Commentary

Commodity currencies retreated on oil prices hitting a new low for the year. WTI crude oil prices slipped to $37.65/barrel yesterday, its worst level since Feb 2009. OPEC did not limit production and will keep oversupply...

Final euro area GDP numbers on the tap

Dec 08, 2015 02:48 am UTC| Commentary

The final and second reading of the 3Q GDP estimate is due today, along with the sector breakdown. The pace is likely to remain close to the advance estimates, as growth slowed to 0.3% (QoQ, sa) from 2Qs 0.4%. This...

Dollar may have eased back a bit after the ECB left QE unchanged last week

Dec 08, 2015 02:43 am UTC| Commentary

The dollar may have eased back a bit after the ECB left QE unchanged last week but its still strong and exports are still languishing. The Feds tradeweighted dollar index is up by 18% since mid-2014 and the market-based...

External balance stays healthy in Philippines

Dec 08, 2015 02:35 am UTC| Commentary Economy

Several things to note about the external balance. Goods exports are likely to plunge 6% this year, while import growth may come in around 4%. No surprise then that the trade deficit widens to USD 10bn this year. Yet, this...

Uneven but gradual recovery in store in India

Dec 08, 2015 02:34 am UTC| Commentary Economy

The narrative on the Indian economy has been positive on the back of a reform-oriented government, macro-stability and easing inflation. Beyond the headline, markets are turning to ground realities. In contrast to the...

Sluggish exports weigh on Taiwan's 4Q GDP

Dec 08, 2015 02:11 am UTC| Commentary Economy

The trade data out yesterday were far weaker than expected. Contrary to the consensus forecast of an improvement, exports fell further by -16.9% (YoY) in Nov15, a deeper decline compared to -11.0% in Oct15. On the...

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Economy

The UK has a growing food black market – and it’s making the cost of living crisis worse

The UK food sector has faced its fair share of challenges, and issues around supply are not uncommon. In the year to January 2024, overall food prices rose by 7%. To compound this, last year, the UKs Competition and...

Why do we need a Net Zero Economy Authority? And how can it fulfil its promise?

To support its climate agenda, the Albanese government is building new institutions. One of the most important will be the Net Zero Economy Authority. The proposed laws to create this authority are currently before the...

African countries could unlock billions in local and global trade – what’s working and what’s not

Africas share of global trade remains disproportionately small, hovering around 2%-3%. Countries on the continent trade more with the rest of the world than they do among themselves. Africa needs to improve its share of...

Race still divides South Africa – study shows little transformation in new suburbs in country’s economic hub

As South Africa reflects on 30 years of democracy, its important to ask whether its cities have changed for the better when it comes to racial mixing. During apartheid, South Africas residential development was...

Does the US have a planned economy? You might be surprised

During the Cold War, a heated debate arose over the role of economic planning. Did the planned economy of the USSR or the free market economy of the U.S. allocate resources more productively? Arguments against planned...

Politics

TSMC Weighed Leaving Taiwan Amid China Tensions, Deemed Move Infeasible

TSMC disclosed it had considered relocating its chip factories from Taiwan amid escalating China tensions but decided the move was impractical. TSMCs Relocation Discussions Tensions between Taiwan and China have been...

Mexico: Sheinbaum faces uphill task to buck the trend and curtail spiralling violence

Mexico has reached a political milestone. According to a quick count by the countrys electoral commission, Mexican voters have just elected their first female president. In a society that has long treated its women...

Shein Engages with Labour Party Ahead of UK Election, Potential Listing

In anticipation of the upcoming election, the Labour Party met with Shein to discuss the fast-fashion companys potential listing on the London Stock Exchange. Labours Mission for Growth In anticipation of its...

Outside Supreme Court justice’s home, a Revolution-era flag, now a call for Christian nationalism

Homes owned by Supreme Court Justice Samuel Alito have flown flags linked to the Jan. 6, 2021, insurrection and the general effort of Donald Trump and his supporters to overturn the results of the 2020 presidential...

Election 2024: up to 8 million people are not properly registered to vote

The general election is to take place on July 4 but up to 8 million people may not be correctly registered to vote. The deadline for registering to vote is 11.59pm on Tuesday, June 18 less than a month after the...

Science

Eye exercises to improve sight – is there any science behind them? An ophthalmologist explains why you shouldn’t buy the hype

You may have seen advertisements claiming to eliminate the need for eyeglasses through vision therapy or vision training basically, eye exercises. These exercises include putting pressure on or palming the eye; eye...

The universe’s biggest explosions made some of the elements we are composed of. But there’s another mystery source out there

After its birth in the Big Bang, the universe consisted mainly of hydrogen and a few helium atoms. These are the lightest elements in the periodic table. More-or-less all elements heavier than helium were produced in the...

Engineering cells to broadcast their behavior can help scientists study their inner workings

Waves are ubiquitous in nature and technology. Whether its the rise and fall of ocean tides or the swinging of a clocks pendulum, the predictable rhythms of waves create a signal that is easy to track and distinguish from...

If an asteroid hit Earth and all the humans died, would the dinosaurs come back?

Many, many years ago dinosaurs roamed the Earth. Six-year-old Aga knows that a meteorite wiped them out… but could another meteorite bring them back? You can read a print version of this story...

Ancient DNA from an extinct native duck reveals how far birds flew to make New Zealand home

Ask a bird lover if they have heard of the extinct giant moa or its ancient predator, Haasts eagle, and the answer will likely be yes. The same cant be said of New Zealands extinct, but equally unique, mergansers a group...

Technology

Rivian Unveils Next-Gen R1T and R1S, Enhancing Flagship EV Performance

Rivian has unveiled its next-generation R1T and R1S, boasting enhanced performance, range, and new features. These flagship electric vehicles aim to redefine the EV market with advanced drivetrains and improved user...

Telegram Launches ‘Stars’ In-App Currency for Effortless Digital Transactions

Telegram has launched Stars, a new in-app currency designed for digital purchases. Users can buy digital products and services on the platform, and developers can exchange Stars for Toncoin, enhancing the economic...

Ethereum ETFs in Turmoil as SEC Hamstrings Market Progress

The SECs cautious approach to licensing Ethereum ETFs has stirred turmoil in the crypto market. Chairman Gary Genslers recent comments highlight regulatory concerns, delaying the approval process and causing uncertainty...

Shiba Inu Burn Rate Soars 3900% as Whales Buy, SHIB Price Set to Climb

Shiba Inus burn rate surged 3900% on June 6, fueled by a $35 million whale buying spree. This dramatic increase and renewed optimism could potentially drive the SHIB price toward $0.0001. Shiba Inu Burn Rate Skyrockets...

Cardano, Shiba Inu, Jasmy Attract Whale Investors, Triggering Buy Signals

As a result of the current recovery in the cryptocurrency market, certain alternative cryptocurrencies are now inside the purchasing zone. Whales have even begun to accumulate these cryptocurrencies before prices...