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Thu, Sep 29, 2022 08:56 PM All times are UTC Edition :

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Central Banking Series

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This series is dedicated to providing accurate and timely news about central banking, with a focus on monetary policy, financial stability and regulation for anyone looking to understand the policy of central banks and what central bankers think about the global economy.

Central Banking Series

Why does the RBA keep hiking interest rates? It's scared it can't contain inflation

Aug 03, 2022 00:55 am UTC| Economy Central Banks

There are signs inflation pressures are easing. Oil prices are down almost 20% on their peak in March. Theyve been falling consistently for a month. The average capital city unleaded price is down from A$2.11 per litre...

Central Banking Series

June jobs report suggests Fed could avoid a recession – but room for error is minuscule

Jul 11, 2022 05:50 am UTC| Economy

The U.S. economy added more jobs than expected in June, signaling the labor market remains strong even as the Federal Reserve tries to weaken it to tame inflation. The July 8, 2022, jobs report also showed the unemployment...

Central Banking Series

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation

Jul 07, 2022 16:12 pm UTC| Economy Central Banks

There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a regular increase of 25 basis points? Or a double-whammy of...

Central Banking Series

The latest Bank of England rate rise won't do much to tackle inflation - here's what could work

Jun 21, 2022 22:54 pm UTC| Economy Central Banks

There wasnt much dramatic tension as markets waited for the Bank of Englands latest decision on interest rates. The fifth monthly quarter-point hike in a row was largely expected, taking the base rate to 1.25% in June...

Central Banking Series

5 things to know about the Fed's interest rate increase and how it will affect you

Jun 15, 2022 07:37 am UTC| Economy Central Banks

The Federal Reserve is raising interest rates for the third time this year, on June 15, 2022, as it seeks to counter inflation running at the fastest pace in over 40 years. The big question is how much it will lift rates....

Central Banking Series

Game of Loans: the Reserve Bank of Australia loses its heir apparent to Fortescue's green fund

Mar 12, 2022 11:20 am UTC| Economy Central Banks

The Reserve Bank of Australia was roiled today by the resignation of its Deputy Governor Guy Debelle, who is leaving with only six days notice. Dr Debelle said that he was resigning to become chief financial officer of...

Central Banking Series

Stock markets have been a one-way bet for many years thanks to the 'Fed put' – but those days are over

Feb 23, 2022 22:38 pm UTC| Economy Central Banks

The prospect of a Russian invasion of Ukraine have sent the markets into a tailspin, compounding fears around inflation that have been building over the past few months. The SP 500 is trading at 10% below its recent...

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Economy

Tesla announces the addition of Airbnb's Joseph Gebbia to its Board.

Tesla Inc. announced on Wednesday, Sept. 28, that Joseph Gebbia had joined the companys board. The newcomer is the co-founder of Airbnb vacation rental firm based in San Francisco, California. As per Reuters, Gebbias...

Lotte Chemical finally decided to buy Iljin Materials to expand in the global EV sector.

Lotte Chemicals is buying Iljin Materials copper foil company for KRW2.7 trillion or around $1.9 billion. This is a strategic acquisition deal as the Songpa-gu, Seoul-headquartered chemical company is aiming to become a...

Biogen is ending its kickback lawsuit with a settlement that will cost the company $900 million.

Biogen is set to pay a total of $900 million to settle a long-running lawsuit related to allegations of illegal payments to doctors. The biotech company based in Cambridge, Massachusetts, was said to have paid physicians...

Hertz, BP oil company sign a deal for the installation of EV chargers around the U.S.

Hertz car rental firm based in Estero, Florida, has teamed up with BP plc oil company to build electric vehicle charging stations across the United States. The plan is to install thousands of chargers as the number of EVs...

Samsung launches its credit cards in India with the aim of encouraging repeat purchases and increase sales.

Samsung Electronics introduced two new credit cards in India even when this line of business is already crowded in the country. It was reported that the South Korean conglomerate has entered the credit card scene in the...

Politics

The Austrian foreign ministry said the referendums in occupied territories are illegitimate and will not be recognized along with Russia's annexation.

The Austrian government has condemned the annexation referendums of the partially-occupied Ukrainian territories. This follows reports by Russian-installed officials of so-called majority votes for the territories to...

Opposition leader Keir Starmer calls for the government to recall parliament and scrap plans for tax breaks.

The British opposition Labor Party leader Keir Starmer has called for the government to recall parliament and scrap plans to cut taxes and increase borrowing. Starmer said that the government should recall parliament...

The White House announced during its summit on hunger, nutrition, and health that the private sector has made $8 billion in pledges to combat the issue.

US President Joe Biden announced this week that the private sector had pledged $8 billion to fight hunger in the country. Hundreds of millions of dollars would be spent on ensuring meals after lawmakers failed to extend...

US-based Iranian journalist Masih Alinejad said the ongoing protests are a "result of 40 years of women fighting back."

Protests continue in Iran following the death of 22-year-old Mahsa Amini in the custody of the countrys Morality Police. A US-based Iranian journalist said Aminis death marks a tipping point for Iran. Speaking with...

The acting Afghan commerce and industry minister said Russia will supply Afghanistan with gasoline, gas, diesel, and wheat as part of its provisional deal.

Afghanistans acting Commerce and Industry Minister said the insurgent group has signed a provisional deal with Russia to supply gas, diesel, and wheat. This comes as the ministry is looking to diversify its trading...

Science

Celltrion will receive US$10 million in milestone payments after successfully passing key stages of the development and approval cycle.

South Koreas Celltrion Inc. will jointly develop and work on the market release with Abpro Corp. of the US on a breast cancer treatment candidate ABP 10 Under the deal, Celltrion will receive US$10 million in milestone...

Current Canadian and American management efforts do not go far enough to decrease entanglement hazards and encourage the recovery of the North Atlantic right whale.

The Monterey Bay Aquariums Seafood Watch program added the American red lobster, caught in both US and Canada to its red list. Other species also added to the list are the snow crab, Atlantic rock crab, and others that...

The microscope unit, which also manufactures industrial endoscopes and x-ray analyzers, will be transferred to Bain on January 4, subject to antitrust regulatory approvals in Japan and elsewhere.

Olympus had agreed to sell its microscope unit to private equity firm Bain Capital for $3.1 billion as it speeds up the overhaul of its business portfolio to focus solely on medical technology The microscope unit, which...

The research team discovered that steamed mealworms emit a strong, corn-like odor, and when grilled or fried, they gave off a shrimp and frying oil-like scent.

South Korean researchers from Wonkwang University have developed a new process that uses edible insects to create meat-flavored seasoning. The research team came up with 98 volatile compounds with varying amounts of...

The resulting thermoplastic resin could be purified through a distillation process to make food-grade potassium lactate.

Wind turbine blades could eventually be recycled into gummies according to a Michigan State University professor, This was discussed during the American Chemical Societys fall conference, which kicked off in Chicago...

Technology

Samsung could be removing the camera bump on all Galaxy S23 models

Samsung is still a few months away from launching its next lineup of flagship Galaxy phones. But it is not too early for Galaxy S23 leaks to start appearing online. A series of image renders were released recently,...

Ubisoft delays ‘Skull and Bones’ launch to March 2023

The saga of Skull and Bones getting delayed continues even though Ubisoft said its development is already completed. Instead of launching this year, the pirate game will now arrive in early 2023. Ubisoft ended the Skull...

CD Projekt Red announced it had already sold 20 million copies of ‘Cyberpunk 2077’

The string of good news for the developers of Cyberpunk 2077 continues as CD Projekt Red announced a major milestone on Wednesday. In under two years, 20 million copies of the game had been sold worldwide. Over 20...

Amazon launches Kindle Scribe, its first e-reader with reading and writing functionality

Amazon held its fall product launch event on Wednesday, where the company announced its first e-reader with notetaking functionality. Aptly named Kindle Scribe, the device will also ship with a stylus pen that never needs...

Netflix subscribers can now set up a unique username for their games

Netflix Games gained a new feature on Wednesday that allows subscribers to create a unique username that will be displayed in their games. The streaming giant also appears to be adding social features to multiplayer games...

Digital Currency