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After several years of extremely loose monetary policy, the U.S. Federal Reserve intends to start tightening, for clear reasons, markets will remain focused on the crucial event, which is set to have a major impact on almost all asset classes. Economic data releases will provide clues to the robustness of economies- some of which are vulnerable to investment outflows as higher rates make U.S. assets more attractive. Emerging economies are already struggling to support currencies hit by Fed rate hike expectations and will lead to intensified currency wars further. In this exclusive series we will provide insightful analysis and views on central banks decisions, emerging markets currencies, Fed's tools for managing monetary cycle, investment outflows, including direct government intervention, the imposition of capital controls, and, indirectly, quantitative easing.

Currency War Series

Brexit: UK pound has not crashed yet, but here's why it will probably suffer in years to come

Jan 14, 2021 04:56 am UTC| Investing

The Brexit deal has failed to have any major effect on the exchange rate of the pound since January 1. The pound has held steady against the US dollar at US$1.36 and has strengthened slightly against the euro to 1.12. This...

Currency War Series

Korean Won Weakens Sharply Due to Speculations About Kim Jong Un's Health

Apr 22, 2020 10:40 am UTC| Economy

The Korean won had fallen to a low of 1,241.15 against the US dollar Tuesday following unconfirmed reports that North Korean leader Kim Jong Un is gravely ill. The Korean won last fell to 1,229.59 per dollar. CNN...

Currency War Series

Currency manipulation and why Trump is picking on Brazil and Argentina

Dec 04, 2019 11:24 am UTC| Insights & Views Economy

President Donald Trump slapped new tariffs on Brazil and Argentina after accusing them of manipulating their currencies to boost exports. It wasnt the first time Trump has labeled another country a currency manipulator...

Currency War Series

Turkey’s homemade currency crisis has truly global implications

Aug 16, 2018 19:57 pm UTC| Insights & Views

Turkeys recently reelected president, Recep Tayyip Erdoğan, is blaming the sudden and dramatic decline of the Turkish lira on an international conspiracy, variously railing against an economic war and a currency plot. On...

Currency War Series

Brazilian central bank likely to cut key rate by 100 bps, says Commerzbank

Apr 12, 2017 07:02 am UTC| Commentary Central Banks Economy

The Brazilian central bank is expected to cut its key rate by an impressive 100 basis points tonight; that is certainly what a poll amongst analysts would suggest. Some are even expecting 125bp. The development of the rate...

Currency War Series

Northeast Asian nations undertake efforts to avoid being named 'currency manipulator', says Scotiabank

Feb 13, 2017 06:02 am UTC| Commentary

China, Japan and Korea and another three major trading partners of the U.S. were placed on the Monitoring List in the semi-annual report on International Economic and Exchange Rate Policies released by U.S. Treasury...

Currency War Series

Brazilian central bank slashes interest rate, citing Trump-related global uncertainties

Dec 01, 2016 06:07 am UTC| Commentary Central Banks Economy

The central bank of Brazil has slashed interest rates in the monetary policy meeting held Wednesday, as was widely expected by market participants, citing US President-elect Trump-related global uncertainties that are...

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Economy

McDonald's in Russia will re-open under a new name and it could be called 'Fun and Tasty'

McDonalds has formally stopped its operations in Russia this month after temporarily suspending its business in March. With its exit, the fast-food chain has sold its restaurants to a local operator, and now it will be...

POSCO Chemical, GM announce Quebec as chosen site for joint cathode plant

POSCO Chemical revealed on Friday, May 27, that it is building a new facility for the production of cathode worth $327 million. It has partnered with General Motors for this project, and they have picked Quebec, Canada, as...

Kakao's founder Kim Beom Su vacates chairman position at Brian Impact Foundation

Kakaos founder and former chief executive officer, Kim Beom Su, has stepped down as chairman of the Brian Impact Foundation, a private charity foundation that was launched last year to help innovators in technology and...

Mastercard to expand in Latin America, Southeast Asia after Russia exit and India ban

Mastercard is changing its target and will be focusing on Southeast Asia and Latin America for its expansion after withdrawing from Russia and getting banned from issuing new cards in India last year. The company also sees...

NFT Artwork on LG Display’s OLED screen auctioned off for US$6.2 million

The non-fungible token artwork created on LG Display Co.s transparent OLED screen in collaboration with Turkish media arts designer and director Refik Anadol was auctioned off for US$6.2 million. The NFT art collection...

Politics

Afghanistan: Taliban's restrictions look to make women, girls 'invisible', UN expert says

The Taliban has increasingly imposed restrictive policies on Afghan women and girls months since retaking control of Afghanistan. A UN expert who visited the country said the restrictive policies by the insurgent group...

Iran: Incident at Parchin military complex leaves one killed, one wounded

An incident occurred at Irans Parchin military complex this week, leaving two casualties. One was killed, and another was wounded in the incident, according to the countrys defense ministry. Irans defense ministry...

US Justice Department targeting Trump attorneys, advisers in fake electors investigation

The US Justice Department has mostly kept silent about its ongoing investigations, particularly probes related to the attempt by Donald Trump and his allies to overturn the 2020 elections and stay in power. With the focus...

US GOP Rep. Jim Jordan demands to see all evidence against him before complying to Jan. 6 panel subpoena

The Jan. 6 congressional committee investigating the Capitol insurrection moved to issue subpoenas to a handful of sitting Republican lawmakers in Congress. Republican Rep. Jim Jordan recently demanded that he view all the...

Science

S. Korean scientists develop magnet-based soil purification tech

The Korea Atomic Energy Research Institute had developed a method for purifying radioactively contaminated soil by using magnets to separate radioactive cesium from the soil. Cesium is most frequently found in...

Hyundai Mobis’ monitoring system reduces drowsy driving risks by 30%

Hyundai Mobis Co. has come up with an in-house brainwave-based driver monitoring system that can reduce the risk of drowsy driving by up to one-third. The system, dubbed M.Brain, is a wearable earpiece that continuously...

California start-up Bionaut Labs to send tiny robots on voyage into brains

California start-up Bionaut Labs will conduct its first clinical trials on sending miniature robots deep inside the human skull to treat brain disorders The tiny injectable robots can be guided through the brain using...

Kirin, Meiji University develop electric chopsticks that make low-salt food taste salty

Food producer Kirin and Meiji University have developed a pair of chopsticks that stimulate the taste of salt in foods with low salt content through extensive research. This technology, which has yet to be named,...

Japanese researchers develop plastic with self-repairing powers

Japanese researchers have found a way to create self-repairing plastics that can be used in many products and reduce the amount of waste now polluting the planet. It might have practical applications for home...

Technology

Blizzard reveals global release times for ‘Diablo Immortal’

The free-to-play Diablo Immortal is launching in a few days, and Blizzard Entertainment has announced at exactly what time the game will go live. PC gamers can also start preparing for its arrival and start to pre-load the...

FromSoftware suggests ‘Dark Souls’ online servers are coming back soon

The long wait may be over soon for avid fans of Dark Souls. Developer FromSoftware has recently provided an update on the status of the games online servers more than four months after they were taken down...

Pixel 7 series will have the same Samsung panels used on Pixel 6, report says

Google has continued a familiar approach to avoid leaks from spoiling its surprises by unveiling the Pixel 7 series months before it arrives in stores. While Google still left the technical specifications under wraps,...

iPhone 14 Pro redesign appears in allegedly leaked Apple Pay ad

Apple is not expected to confirm details about the iPhone 14 series until its launch. However, there have been various reports from multiple sources that claim the next Pro models will sport notable design changes. An...

‘Returnal’ Steam listing hints at an upcoming PC port

Sony has previously stated its plan to release more first-party PlayStation games on PC. It appears that another game is headed to PC, thanks to a new leak. A new game was recently spotted on a Steam listing codenamed...
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