Tuesday, December 3, 2024

Taiwan Central b=Bank Likely to Announce Another mild Rate Hike: Reuters Poll

Taiwan central bank
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Taiwan's central bank is expected to raise its policy rate again this week at the same mild pace as before, according to economists polled by Reuters, but as exports and inflation slow it may hold that rate steady next year to support the economy....

BoJ Holds Ultra-Low Interest Rates, Raises 2022 Inflation Forecast

Interest Rates
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The Bank of Japan (BoJ) held interest rates at record lows as expected on Friday, and said inflation is likely to rise more in the near-term as the Japanese economy struggles with elevated raw material costs and supply chain issues The central bank held...

The Latest Twist in the Life-on-Venus Debate? Volcanoes

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Last fall, researchers said the presence of phosphine in the planet’s atmosphere could indicate life. But a new study says there could be a geological explanation. VENUS IS OFTEN called Earth’s sister planet, a neighboring twin of similar density and size. But the resemblance stops there....

Oil Prices Dip as Demand Outlook Worsens on China woes, OPEC Warning

Oil prices
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Oil prices fell in choppy trade on Tuesday and nursed steep losses this week as weak economic data from China brewed more concerns over worsening demand, although the prospect of smaller U.S. rate hikes and tightening supply helped limit losses. Crude markets plummeted at...

Japan Upgrades Q3 GDP as Global Recession, COVID Risks Linger

Japan Upgrades
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Japan's economy, the world's third-largest, shrank less than initially estimated in the third quarter, bolstering a view that it is slowly recovering from COVID-19 doldrums even as major export markets show further signs of weakening. Separate data showed the economy had recorded its first...

Yes, Donald Trump’s final days in office were even worse than we thought

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Donald Trump's final days as president were defined by near-total chaos as House Democrats moved to impeach him for his action (and inaction) during the January 6 riot at the US Capitol even as the soon-to-be-former president sought to use the power of his...

WhatsApp Has a Secure Fix for One of Its Biggest Drawbacks

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Starting with a beta that launches today, you’ll no longer have to route all your messages through your smartphone.   THE UBIQUITOUS END-TO-END encrypted messaging service WhatsApp melds security and convenience for 2 billion people around the world. But there's always been a big limitation: The service relies entirely on...

Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories

Oil Prices Dip
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Oil prices fell on Wednesday after industry data pointed to a large weekly build in U.S. crude stockpiles, although losses were limited by the prospect of strong demand this year and as the dollar softened on expectations of slower interest rate hikes. Data from...

Rising Interest Rates Have a Sting in The Tail For Europe’s Banks

Rising Interest Rates
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Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of rock-bottom interest rates as the U.S. Federal Reserve and then the European Central Bank moved...

US President Biden unveils plan to invest $555 bn on green energy

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President Joe Biden announced a framework to invest $555 billion in funding on clean energy programs he thinks can win approval from Congress, with investments in renewable power, electric vehicles, and resilience. If Congressional Democrats go along, the plan, part of a $1.75-trillion tax and spending blueprint,...