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Traders continue to pile into the Japanese yen
It’s tough being a central banker in this day and age, particularly if you fail to deliver on lofty market expectations. Haruhiko Kuroda, governor of the Bank of Japan, is one man who likely...
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It looks like 2010 all over again, but ANZ doesn't think the rebound in...
What a start to the year it’s been.Turbulence and turmoil has been replaced by tranquility in just a few months, boosted by monetary policy easing, significantly reduced expectations for US rate hikes...
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China manufacturing PMI misses in April
The first set of Chinese economic data for April has just been released, and it’s come in below forecast.The government’s manufacturing purchasing managers’ index (PMI) fell by 0.1 points to 50.1,...
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Craig Wright claims he created Bitcoin
The Australian IT executive who late last year was engulfed by rumours that he invented Bitcoin has claimed he really is behind the digital currency.Craig Steven Wright came to prominence as a strong...
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The incredible career of Craig Steven Wright — the Australian scientist who...
In the early 1990s, long before he was suspected of being the elusive creator of the cryptocurrency Bitcoin, Brisbane-raised Craig Steven Wright worked as a saute chef, having trained in French...
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China's manufacturing sector continues to splutter
Like the government’s official reading before it, the Caixin-Markit China manufacturing purchasing manager’s index (PMI) for April has come in below expectations, casting further doubt on the...
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Goldman Sachs: The Bank of Japan made a 'fateful miscalculation' leaving...
For the second time in three months the Bank of Japan (BOJ) stunned financial markets last week, this time for holding monetary policy settings steady when most were expecting either an increase in...
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Reserve Bank of Australia cuts cash rate to record low 1.75%
The Reserve Bank of Australia has cut the official cash rate to 1.75%, an historic low.In the accompanying monetary policy statement, the board presented a mixed picture on the state of the Australian...
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The St. Louis Fed has the best explanation so far of why negative interest...
Negative interest rates are an experiment that just won’t work.That's the clear takeaway from the latest blog post by Christopher J. Waller, executive vice president and director of research at the St...
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Here's proof FX traders have turned bearish towards the US dollar
For the first time in nearly two years FX traders, collectively, are short the US dollar.According to latest figures released by the US Commodity Futures Trading Commission, net short positions in the...
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Everyone's talking about this insane chart that shows the percentage of bonds...
The adoption of negative interest rate policy by the likes of the European Central Bank and Bank of Japan, among others, has had a dramatic impact on bond markets.Great swathes of bonds now trade with...
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April was a horrible month for the global manufacturing sector
While markets have become excited about the acceleration in China’s industrial sector in recent months, helping to boost commodity prices and sentiment towards the outlook for the broader economy, that...
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China's all-important services sector slowed down last month
The great hope for China’s economic transition — the nation’s services sector — saw activity levels slow modestly last month, according to the latest Caixin-Markit China services purchasing managers...
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This one key indicator suggests global economic growth is weakening
Global growth in 2016 is not looking good if the amount of cargo being whizzed around the world in planes is an indicator.According to the International Air Transport Association (IATA), global air...
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KFC has created an edible nail polish that tastes like fried chicken
KFC has just made its catch cry, “Finger Lickin’ Good”, literal, creating two edible nail polish flavours using natural ingredients and based on the fast food brand’s all-time favourite recipes –...
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A company culture expert who has worked with Google and Intel shares her best...
Katie Burke knows what makes great company culture.Throughout her career she has established culture-building initiatives for corporate giants including Google, Intel and MIT.Now VP for culture and...
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BAML: We're revising our Fed rate-hike call because of a 'loss of momentum'...
Friday’s release of the April nonfarm payrolls data in the US was a big miss, with a print of just 160,000 jobs and a negative revision to the previous month's results.That's indicative of a recent...
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Chinese CPI has missed expectations
Chinese consumer price inflation rose less than expected in the 12 months to April, increasing 2.3%. The figure, below the 2.4% increase expected, saw the annual rate hold steady for a third...
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Why China's spectacular industrial resurgence could cause huge problems down...
The rebound in China’s industrial sectors in recent months has really created a stir.After years of weakness, plagued by acute overcapacity and heavy levels of indebtedness, suddenly these sectors have...
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Striking new images show how far London has come since the Blitz 75 years ago
Lest we forget.It’s been 75 years since Nazi Germany attacked England at its heart. For 267 days between September 1940 and May 1941, the German Luftwaffe bombed 16 British cities in “The Blitz”.London...
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