Kim Dotcom strides on stage at a Wellington nightclub, turning a late-night dance party into a political rally. “Are you ready for a re-vo-lu-tion!” the Internet tycoon, who faces extradition to the U.S. on piracy charges, booms to the 200 partygoers. “Don’t let your parents decide who rules this…
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Dotcom Plots New Zealand Grab With Dance-Party Politics
It appears – judging from FX markets this evening – that consensus is Yellen was more hawkish and Draghi & Kuroda more dovish than consensus. The USD is pushing on towards one-year highs as EUR is down 50 pips (not helped by a dovish FT article on deflation fears) to 11-month lows, and USDJPY broke…
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CME Delays Futures Opens Due To "Glitch", USD Jumps On EUR, JPY Weakness
Bank of Canada Governor Stephen Poloz wants to make something perfectly clear: When the Federal Reserve starts raising interest rates, Canada’s central bank won’t necessarily follow immediately. “The main thing people should understand is that our policy is quite capable of being fully independen…
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Bank of Canada won’t follow Fed’s lead on interest rates, Poloz says
The euro zone’s growing fears of deflation will be stirred again on Friday when preliminary consumer price data for August is issued, with signs the European Central Bank could be looking at bolder steps to help the region’s stagnant economy. Analyst polled by Reuters forecast the annual inflatio…
Britain’s slow wage growth is not certain to pick up any time soon, despite signs of skills shortages, Bank of England deputy governor Ben Broadbent said in a speech on Saturday, helping to ease fears that a rise in UK interest rates might come sooner than expected. …
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Wage growth not certain to pick up any time soon, says BoE deputy governor Broadbent, easing rate hike fears again
The New Zealand dollar has tumbled to six-month lows in the past month and may fall further, giving the Reserve Bank of New Zealand (RBNZ) room to raise interest rates again before year end. The kiwi dollar has fallen around 5.0 percent to around $0.8400 against the U.S. dollar over the past mont…
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NZ dollar may fall further, accelerate rate hikes
ressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the U.S. economy and lay the groundwork for the central bank’s first interest rate hike in nearly a decade. According to some U.S. central bankers and their clos…
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Pressure builds within Fed to signal new policy course
ressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the U.S. economy and lay the groundwork for the central bank’s first interest rate hike in nearly a decade. According to some U.S. central bankers and their clos…
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Pressure builds within Fed to signal new policy course
To find out where the silent majority at the Federal Reserve stands on an issue, it is a good idea to see what Dennis Lockhart, the president of the Atlanta Fed. Lockhart describes himself as a “pragmatic moderate” at the central bank, looking to balance the views of the inflation-fearing hawks and…
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Fed’s Lockhart not convinced economy ready to lift off
To find out where the silent majority at the Federal Reserve stands on an issue, it is a good idea to see what Dennis Lockhart, the president of the Atlanta Fed. Lockhart describes himself as a “pragmatic moderate” at the central bank, looking to balance the views of the inflation-fearing hawks and…
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Fed’s Lockhart not convinced economy ready to lift off
Global central bankers led by Federal Reserve Chair Janet Yellen said labor markets still have further to heal before their economies can weather higher interest rates. Even as they signaled international monetary policies are set to diverge as economic recoveries increasingly differ, officials m…
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Jackson Hole Message Is Labor Markets Don’t Justify Higher Rates
Global central bankers led by Federal Reserve Chair Janet Yellen said labor markets still have further to heal before their economies can weather higher interest rates. Even as they signaled international monetary policies are set to diverge as economic recoveries increasingly differ, officials m…
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Jackson Hole Message Is Labor Markets Don’t Justify Higher Rates
First a drought, then a plague, now an earthquake: if these three aren’t enough to help boost California’s GDP, then it may be time for Krugman to resign. Oh and prepare for wine prices to become the latest participant in Janet Yellen’s inflationary “noise” parade. The reason – images such as this…
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San Francisco Bay Area Hit By Strongest Earthquake In 25 Years; Wine Country Shakes
A seemingly unstoppable London housing market, powering activity that ripples out through the south-east; select boroughs in the capital seeing prices soar by a third in a year – it could all have come to a stuttering halt in August. Seven years to the month since the credit crunch hit, triggerin…
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London falling? The capital’s housing boom may not be finished yet
British dairy farmers are threatening to take matters into their own hands as fears grow that volatile markets for their milk, butter and cheese products could jeopardise their livelihoods. Some larger dairy farmers are said to have incurred debts of more than £1m since milk prices first began to…
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UK Farmers in debt and despair as dairy market collapses
EUR/USD suffered for yet another week, dropping to an 11 month low and dipping below long term downtrend support. What’s next for the common currency? A key German survey and all important inflation figures are the highlights of this week. Here is an outlook on the highlights of this week and an…
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EUR/USD Forecast August 25-29
Japan is gradually escaping a prolonged period of deflation that has impeded economic growth, stifled investment and put downward pressure on wages, Bank of Japan Gov. Haruhiko Kuroda said Saturday. Speaking at the Kansas City Federal Reserve’s Jackson Hole, Wyo., conference, Mr. Kuroda said that…
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Japan Escaping Deflation Trap, Central Bank Chief Says
Austerity measures being pursued by France and elsewhere in the euro zone are quashing growth, French Economy Minister Arnaud Montebourg was quoted saying on Saturday, renewing his attacks on policies he sees as negative for the economy. Montebourg’s interview with Le Monde daily came days after …
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French economy minister says austerity measures sapping growth
There are potential “coordination issues” between the Bank of England’s (BoE) new financial stability committee and other bank functions, a senior BoE official said on Saturday, adding that these issues can be resolved. “There is not a first-mover advantage to any of the bodies. They meet pretty…
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BoE can resolve financial stability coordination issues: Broadbent
A “Yes” vote for Scottish independence represents a “high risk” event according to Citi’s Michael Saunders. With the so-called ‘neverendum’ now less than a month away, Citi continues to highlight three particular concerns if Scotland does vote for independence: Scotland’s relatively weak fiscal…
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Scottish Independence ‘Yes’ Vote Is A "High Risk" Event, Citi Warns
