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Sat, May 18, 2024 01:53 PM All times are UTC

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MXN following global markets gyrations

Jun 15, 2015 11:00 am UTC| Commentary

The Mexican peso traded on Friday losing around 0.35% vs. the USD to USD-MXN 15.40. The MXN failed to rally even as PEMEX (state owned oil company) announced the discovery of new oil deposits in the Gulf of Mexico that...

CBR may go for another rate cut today

Jun 15, 2015 10:56 am UTC| Commentary

The CBR has been quite effective in preventing the RUB from strengthening since it reached the 50 mark versus the USD in mid-May.Indeed, with its daily FX purchasing auctions and the reduction of its FX repos, the CBR has...

Schulz fuels fears for a Grexit

Jun 15, 2015 10:43 am UTC| Commentary

In May EUR-USD ranged between 1.0819 and 1.1468 (according to EBS). At the current level of 1.1216 the exchange rate remains in the upper end of this range - despite the fact that the risk of a Grexit has no doubt risen....

Indonesia posted trade surplus of USD950mn in May

Jun 15, 2015 10:33 am UTC| Commentary

Indonesias trade surplus reached USD950mn in May, much larger than expected. The larger trade surplus is result of sharply weaker imports, even as the export contraction remained wide.The improvement in imports was...

Singapore's retail sales shows recovery in April

Jun 15, 2015 10:23 am UTC| Commentary

April retail sales of Singapore came in slightly weaker than expectations, with ex-autos sales remaining in negative territory on a y/y basis - albeit easing to -0.7% from -3.2% in March. Car sales remained strong, up...

Expectation of high availability pushes soybean price to 5-year low

Jun 15, 2015 10:02 am UTC| Commentary

Soybeans in a front-month contract are trading at below $9 per bushel this morning for the first time since July 2010. The changes made to the US Department of Agriculture forecasts last Wednesday offer little in the way...

ICO forecasts deficit of 8 million bags on the global coffee market in 2014/15

Jun 15, 2015 09:57 am UTC| Commentary

The International Coffee Organization (ICO) is now predicting a deficit of at least 8 million bags on the global coffee market in 2014/15, which is somewhat higher than its previously published estimates. Weeks ago, the...

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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...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

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...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Technology

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...

Crucial SHIB Warning Goes Out: Fake Airdrop Scams Targeting Community, Here's Reason

The Shiba Inu team has delivered a crucial warning to its community, highlighting the presence of fake SHIB airdrop scams and the importance of safeguarding cryptocurrency assets. Shiba Inu Team Warns Community Against...

Altcoins a ‘Relatively Huge’ Risk as Big Returns Fade, Analysts Warn Investors

Analysts caution that altcoins now represent a relatively huge risk, with the days of massive returns fading. Markus Thielen of 10xResearch suggests the high-reward era is over as crypto market narratives...