Markets

There is no doubt that Modi works hard and drives his government at a similar hectic pace. Midnight oil is burnt regularly in the Prime Minister’s Office, which now resembles an omnipotent and omnipresent command station. Under Modi, the economy...

The pre-Socratic Heraclitus was the philosopher of change.  He wrote, "no man steps in the same river twice; for it is not the same river and he is not the same man."  Truth that. The pre-Socratic Heraclitus was the philosopher...

The US dollar is mixed after making new multi-year highs against the yen near JPY124.30 in Asia, while month-end positioning appears to have helped fuel an extension of the euro's recovery that began in the North America yesterday.  The lack...

Something happens between the bubbles, bailouts, boom and bust cycles that we can’t afford to ignore, and it’s happening right now in the US and Europe. It is a kind of collective amnesia that lulls investors into forgetting exactly what...

The strong upside momentum for the US dollar seen last week is carrying into today's activity.  It was firm in the holiday-thinned trading yesterday but has jumped higher today. There are two chief drivers.  The strong upside momentum for the...

While the markets in the United States and parts of Europe were closed on Monday, four things took place that global investors need to know.  While the markets in the United States and parts of Europe were closed on Monday,...

Seldom has the death of a great Asian leader commanded as much appreciation in the West as the passing of Lee Kuan Yew. The mind numbs at the number of well-earned tributes to the man who led Singapore to become...

Emerging markets currencies are somewhat directionless at the moment, caught between an unclear trend for the dollar and oil prices in a broad yet volatile range since the start of the month. Moreover, the uncertainty about the timing of the...

As Australia moves away from a decade of resource-driven prosperity, it is even more important that it avoid mistakes that previously might have been papered over by the boom times. Yet there are loud voices calling for the mistakes of...

Australian federal government policymakers need to have broader and more robust consultations with business, consumers and state governments when it comes to trade treaties. As an open economy that is heavily dependent on trade for its well-being, it is important...

The US dollar had a good week. Indeed, the Dollar Index's 3.3% rise was its best weekly performance since last September.  After looking rather bleak, the divergence theme struck back with a vengeance. The US dollar had a good week....

1) Petrobras reported stronger than expected Q1 earnings, 2) A Colombian court ordered a delay to the sale of the government’s 57.6% stake in hydropower company Isagen, 3) The Mexican government cut its growth forecast for the year by a...

The die is cast: British people have voted for a government that has promised to hold a referendum on the UK’s EU membership by 2017. This week, business has intervened to liven up the debate. The country’s main industry lobby...

Grigvovan / Shutterstock.com Grigvovan / Shutterstock.com In recent years, Uyghur and Tibetan issues have captured most of the national and international attention granted to China’s minorities. Yet Uyghurs and Tibetans account for less than 15 per cent of China’s minority...

The US Dollar Index advanced in the first three days of the week but is under some pressure today.  The FOMC minutes confirmed what the market had already known, which is a rate hike next month is highly unlikely. Meanwhile...