Greece after the referendum: a semi-stable outcome at best
Jul 03, 2015 14:25 pm UTC| Commentary
The referendum announced by PM Tsipras for Sunday 5 July is now almost certain to go ahead. With the Yes and No votes neck and neck in recent polls, the outcome remains uncertain. It is believed that there is a 60%...
ICAC expects higher cotton price despite inventory sales in China
Jul 03, 2015 10:35 am UTC| Commentary
The International Cotton Advisory Committee (ICAC) expressed concern yesterday about the situation on the cotton market, explaining that this was due to Chinas announcement that it intends to sell some of its high...
ARA gasoil stocks still at high level despite drop
Jul 03, 2015 10:33 am UTC| Commentary
This week saw ARA gasoil stocks fall by 112,000 tons after they had risen a week earlier to their highest level since the data series began in early 2008.Stocks are still well above last years level and 30% above the...
Decline in US drilling activity stopped
Jul 03, 2015 10:30 am UTC| Commentary
Oil prices shed their early gains again and closed trading more or less unchanged. They find themselves under renewed pressure this morning. Brent has fallen to below $62 per barrel, putting it at the bottom end of the...
US economy appears to be back on track
Jul 03, 2015 10:07 am UTC| Commentary
The US economy appears to be back on track following the growth slowdown in Q1. Economic indicators, particularly from the labour market and consumer data, have improvedmarkedly of late. The Vice Chairman of the Federal...
US sold more gold coins again in June
Jul 03, 2015 09:52 am UTC| Commentary
US labour market data which were somewhat weaker than expected caused the US dollar to depreciate yesterday, lending support to the gold price. After initially falling to a 3½-month low of $1,157 per troy ounce, it...
RBA to keep interest rate at 2%
Jul 03, 2015 09:46 am UTC| Commentary
The RBA lowered its key interest rate in February and May to 2% in a move to ease the structural adjustment of the economy to cope with the end of the mining boom. Although the weaker AUD is also helping, as it improves...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects