USD/CNY unlikely to show big movement for the time being, says Commerzbank
Feb 12, 2020 08:24 am UTC| Commentary Economy
The USD/CNY currency pair is not expected to show any big movement for the time being given the spreading Coronavirus epidemic that largely affected various parts of the country, bringing trade and business to a...
Australian bonds slump tracking recovery in Coronavirus situation, Fed Chair Powell’s speech
Feb 12, 2020 04:50 am UTC| Commentary Economy
The Australian bonds slumped during early trading hours Wednesday, as investors started to find some mid-week respite following the improvement in Coronavirus situation, further affirmed by Federal Reserve Chair Jerome...
RBA seems under less pressure to cut rates amid rebound in domestic demand, says Capital Economics
Feb 11, 2020 09:55 am UTC| Commentary Central Banks Economy
The Reserve Bank of Australia (RBA) may yet cut rates to 0.25% in response to the drag on economic activity from the bushfires and the coronavirus. But with domestic demand rebounding as the housing slump has turned to...
Australia’s ANZ-Roy Morgan consumer confidence falls last week, well below average
Feb 11, 2020 08:25 am UTC| Commentary Economy
Australias ANZ-Roy Morgan consumer confidence fell 0.6 percent last week, reversing a bit over half the prior weeks increase. This continues the recent sawtooth pattern. Confidence remains well below average. In a...
TWD likely to prop up in weeks ahead, together with early signs of stabilization: Scotiabank
Feb 11, 2020 06:14 am UTC| Commentary Economy
The TWD is expected to prop up in weeks ahead owing to renewed equity inflows and continued repatriation of investment, together with early signs of stabilizing and improving coronavirus situation in China, according to...
3 ways coronavirus will affect the US economy – and 1 silver lining
Feb 10, 2020 23:54 pm UTC| Insights & Views Economy
As the new coronavirus spreads around the world, and confirmed cases and deaths mount, economists are increasingly concerned about the impact on the U.S. economy. In a recent report to Congress, the Federal Reserve...
Go local: how to keep the power on when disaster hits
Feb 10, 2020 23:51 pm UTC| Insights & Views Economy
Bushfires, storms and floods regularly leave thousands of Australian homes and businesses without power. Sydneys wettest weekend in three decades left more than 130,000 households without power on Sunday. South...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects