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In this exclusive series, we cover on negative rates and its fallacies and implications on global economy. Two fundamental ideas underlying this series are (1) the world may have moved from a positive carry to a negative carry and (2) negative rates are contradictory.

Negative Rates Series

Negative interest rates may not boost UK economy – here's what the Bank of England should try first

Feb 09, 2021 11:44 am UTC| Economy

The Bank of England has given banks and building societies in the UK six months to prepare for the possible introduction of negative interest rates for the first time in its 327-year history. Savers may be starting to...

Negative Rates Series

Central Banking Series

The Reserve Bank could still go negative

Feb 02, 2021 13:10 pm UTC| Economy

Few people expected the Reserve Bank to adjust its cash rate at its first meeting of the year today, and for good reason. It has been saying loudly that it is not expecting to increase the cash rate for at least three...

Negative Rates Series

Sure, interest rates are negative, but so are some prices, and when you look around, they're everywhere

Dec 30, 2020 00:14 am UTC| Economy Investing

On December 10, it finally happened. Instead of demanding an interest payment from the government in return for lending it money, a group of investors offered to pay the government in order to lend it money. Naturally...

Negative Rates Series

Negative rates explained: how money for (less than) nothing is helping out the budget

Dec 17, 2020 11:07 am UTC| Economy

A week ahead of Thursdays budget update, it finally happened. Instead of the government paying to borrow in a way that would add to the burden on the budget (as has happened since time immemorial) it actually got paid...

Negative Rates Series

BoJ likely to keep negative interest rates, 10-year government bond yield target unchanged

Oct 28, 2016 10:49 am UTC| Insights & Views Economy Central Banks

At its two-day policy meeting which concludes Nov 1st, the Bank of Japan (BoJ) is widely expected to keep unchanged its minus 0.1 percent short-term interest rate target. In a quarterly evaluation of its forecasts also due...

Negative Rates Series

Low interest rate level, increase in residential construction support New Zealand economic growth

Oct 18, 2016 11:42 am UTC| Commentary

Growth rates recorded for the New Zealands economy are quite encouraging in principle. The nations central bank, Reserve Bank of New Zealand, is expecting the economy to expand 3.2 percent in this year and 3.6 percent in...

Negative Rates Series

Worrisome Signs Series

Un-shortable market will end in another big short

Sep 23, 2016 07:05 am UTC| Commentary Central Banks

This year, U.S. benchmark stock index is up around 5.67 percent and this is the eight year running; so it wont be anexaggeration to call it an un-shortable market. However, the biggest concern is not the consecutive rise...

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Economy

India to stop subsidizing mediocre EV firms

The Indian government will stop subsidizing electric vehicle companies that have received complaints, The government may also seek reimbursement from some of these firms. The Indian government has established an...

Nike, Adidas to cut order volumes by 40% as sales expected to drop

Nike and Adidas will reduce their order volumes by 30 percent to 40 percent beginning next summer due to pandemic-related hurdles in China and the pullout of Russia. Both companies have reportedly notified their...

Revised law allows use of plastic waste pyrolysis oil for producing petrochem products

The Ministry of Environment announced that a revision of the enforcement ordinances and regulations of the Waste Management Act came into effect on Tuesday allowing plastic waste pyrolysis oil to be recycled as a raw...

S. Korean petrochemical firms import more naphtha from UAE, India, Qatar, Bahrain, Pakistan amid Russia sanctions

South Korean petrochemical companies naphtha imports from Russia went down 67 percent on year at 1.92 million tons after they diversified sources following the Ukraine invasion. Meanwhile, imports of naphtha from the...

CNN starts job cuts after business review to reduce costs

CNN is one of the latest major companies in the United States to announce layoffs. Like the others, it also cited economic uncertainty and the need to reduce costs as the main basis for the decision. In the case of CNN,...

Politics

Myanmar: 2000 pro-democracy fighters killed by junta, says democracy leader

The leader of Myanmars shadow government has called on allies to provide military aid as around 2,000 pro-democracy fighters have been killed in the midst of resistance to the military junta. The appeal comes amidst...

Japan raises concerns over China, Russia joint air patrols

Japan has raised concerns with China and Russia about their joint air patrols. The concerns follow the recent incursions over Japans territory. Japanese Chief Cabinet Secretary Hirokazu Matsuno said Thursday that Tokyo...

EU chief 'confident' on Northern Ireland deal if UK shows political will

The president of the European Unions executive branch expressed confidence that there would be a deal reached with the United Kingdom on the Northern Ireland Protocol. The European Commission leader added that a deal could...

Russia-Ukraine war: US, France pledge to hold Russia accountable

The leaders of the United States and France have pledged to hold Russia accountable as the war it wages on Ukraine is in its tenth month. The European Union has also tentatively agreed on an oil price cap in order to...

Science

S. Korean scientists detect antibiotic material in spider venom using AI

South Korean scientists have developed an artificial intelligence (AI)-based peptide detection model that can predict the antibiotic functionality of peptides antibiotic for hay bacillus, colon bacillus, staphylococcus...

Scientists test mRNA technology for universal flu vaccine

An experimental vaccine was found to potentially open a pathway to a universal flu shot that might help prevent future pandemics, according to a US study. In initial tests in mice and ferrets, the two-dos vaccine...

Unilever explores the use of “cow-free” ingredients for ice creams

Unilever has begun looking at utilizing precision fermentation technology to create cow-free dairy products or use them within its ice cream portfolio A spokesperson for Unilever said that the companys RD team is in...

S. Korean researchers develop wearable OLED that can cure jaundice in infants

Researchers from the Korea Advanced Institute of Science and Technology (KAIST) have developed a wearable green organic light-emitting diode (OLED) with a 470-nanometer (nm) wavelength that can cure jaundice in...

It was the first time scientists confirmed that nitrous oxide increases if nitrogenous fertilizers are used excessively for rice farming.

The excessive use of nitrogenous fertilizers for rice farming results in a sharp increase in the emission of nitrous oxide, the major greenhouse gas contributor, according to study by the Gyeonggi-do Agricultural Research ...

Technology

PS Plus downloadable games for December includes remastered ‘Mass Effect’ trilogy

December is going to be a good month for PlayStation Plus members now that Sony announced the lineup of new downloadable games at no additional cost going live next week. The list is headlined by the collection of...

Livspace launches 3 experience centers in Singapore

Livspace has launched three new experience centers in Singapore as part of its expansion in Southeast Asia. The three centers of the omnichannel home interior and renovation platform are located in Suntec City,...

Pixel 7a design will be identical to the Pixel 7 series as renders appear in a new leak

Although the Pixel 7a is not expected to launch until 2023, alleged renders revealing its design have already leaked before this year ends. And as many expected, it will likely look identical to Googles flagship phones...

Microsoft and Activision Blizzard merger gets unconditional approval in Serbia, concessions ‘likely’ to be offered to EU regulators

Microsoft is still facing immense scrutiny from regulators in most countries where it needs to gain approval for its proposed acquisition of Activision Blizzard for nearly $69 billion. But the company has reportedly gained...

NEC to build ¥33 billion global innovation hub near Tokyo

NEC Corporation will be constructing a 12-story global base for innovation with a floor area of roughly 50,000 square meters near Tokyo in March 2023 at around 33 billion. The provisionally named NEC Innovation...
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