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Tue, May 21, 2024 10:02 AM All times are UTC

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European companies most pessimistic on China

Jun 11, 2015 06:36 am UTC| Insights & Views

According to a survey by European Chambers of Commerce pessimism are highest among foreign investors in China. Chinese slowdown has gathered pace in 2015, not seen in prior years. Latest report showed imports dropped...

WTI Crude Inventory signifies Demand/Supply equation

Jun 11, 2015 06:16 am UTC| Insights & Views

US benchmark West Texas Intermediate for July delivery advanced USD 1.29 to USD 61.43 a barrel on the New York Mercantile Exchange.The US Department of Energys inventory report for the week ending June 5 showed US crude...

RBNZ delivers, Kiwi hangs on to 0.7 against dollar

Jun 11, 2015 05:05 am UTC| Insights & Views

Reserve bank of New Zealand (RBNZ) has delivered a rate cut as promised. Kiwi dropped sharply, in spite of unanimous expectation of a cut today among market participants. Key highlights - RBNZ has reduced rates by 25...

Guide to today’s important data and events

Jun 11, 2015 05:01 am UTC| Insights & Views

Not many economic dockets scheduled for today with moderate to high risk associated. Data released so far - Australia - unemployment rate dropped to 6%, with 42,000 added to payroll in May. Consumer inflation...

Currency snapshot (commodity pairs)

Jun 10, 2015 15:20 pm UTC| Insights & Views

Dollar index trading at 94.76 (-0.45%) Strength meter (today so far) - Aussie +0.92%, Kiwi +0.74%, Loonie +0.63%. Strength meter (since last week) - Aussie +1.92%, Kiwi +2.22%, Loonie +1.40%. AUD/USD - Trading at...

Currency snapshot (major pairs)

Jun 10, 2015 14:55 pm UTC| Insights & Views

Dollar index trading at 94.8 (-0.4%). Strength meter (today so far) - Euro -0.08%, Franc +0.06%, Yen +1.26%, GBP +0.81% Strength meter (since last week) - Euro +1.58%, Franc +1.10%, Yen +2.29%, GBP +1.70% EUR/USD...

Commodities snapshot (precious & industrial)

Jun 10, 2015 14:18 pm UTC| Insights & Views

Metals are gaining today over weakness in Dollar. Performance this week at a glance in chart table - Gold - Gold bounced back above $1180, traded as high as $1192. Todays range $1192-1175. Price suggests larger...

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Economy

Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon

Central banks in Europe are discovering an old dilemma: when they lower interest rates because inflation is slowing down, its likely to weaken their currencies. This in turn may delay the fall in inflation towards their...

Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity

Some believe that the war in Ukraine has fundamentally changed Europe, giving birth to a different kind of European order. That is, it appears to be driving structural shifts in the way Europe is run and organised that...

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal...

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...

Politics

Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act

At the end of April 2024, a long and peaceful process of national dialogue in Gabon between the military junta, presided over by coup leader General Brice Oligui Nguema, and civil society, represented by 580 civilians,...

How German media attention idealises female Ukrainian refugees

According to the latest available data, around 3.7 million Ukrainians are internally displaced, while nearly 6.5 million have registered as refugees globally. With 1.13 million, Germany has taken in the largest...

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africas 2024 national and provincial general elections, set for 29 May. The countrys social grants system is one...

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...

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

Tron Founder Justin Sun's $2.5 Billion Ethereum Stash Sparks Investor Interest

Tron founder Justin Suns $2.5 billion Ethereum investment is stirring significant market interest, highlighting his confidence in the cryptocurrencys future. Justin Suns Ethereum Holdings Explained Tron founder...

Ethereum Price Target Reaches $4,000; Altcoins Gain 20% Amid Market Rally

Ethereums price target has climbed to $4,000, reflecting market momentum. Meanwhile, altcoins have gained 20%, contributing to the market rally. SEC Decision Could Propel Ethereum Price Beyond $4,000 On Monday, the...

Shibarium BONE Token Set for Potential Binance Listing, Price Up by 5%

Binances recent request for project proposals has ignited the Shiba Inu community, fueling a 5% surge in BONE token price amid speculation of a potential listing. Binances New Strategy Supports Small-to-Medium...

Wendy’s Launches $3 Breakfast Deal as McDonald’s Tests Limited $5 Value Meal in June

Wendys will offer a $3 breakfast deal starting May 20, while McDonalds plans a $5 value meal for June, reflecting a strategic push to attract budget-conscious consumers amid high inflation. Wendys $3 Breakfast Deal...

Ethereum Trends Amid SEC ETH ETF Speculation and $341M Whale Purchases

Ethereum has become the top trending asset, driven by SEC ETH ETF speculation and massive whale purchases totaling $341 million in the past 24 hours. Ethereum Whales Boost Holdings by $341M as SEC ETH ETF Decision...