Reuters blog archive
By Swaha Pattanaik
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
The case of the euro zone’s vanishing inflation rate has so far stumped European Central Bank President Mario Draghi. Quite rightly, investors’ faith in his ability to do anything about the problem is also evaporating.
The clearest sign is a sharp decline in the ECB’s preferred barometer of market inflation expectations, which tracks how investors see inflation behaving over a five-year period beginning five years from now. At first glance, the measure’s modest drop - from 2.12 percent at the end of July to this week’s 1.94 percent low - doesn’t seem to reflect scepticism in the ECB’s ability to lift inflation back up to its 2 percent medium-term target. But things aren’t that simple.
Immune to the blips and dips of monthly data, the “five year/five-year forward” gauge rarely moves much. Yet it has just suffered its biggest four-week decline since 2012, and is now at its lowest since 2011, according to Credit Agricole. More sensitive indicators of inflation expectations have fallen even lower.
from Claire Milhench:
LONDON, Aug 22 (Reuters) - Britain's oil industry is facing
the threat of a cascade of North Sea rig closures, unless ageing
platforms can urgently source more gas to help squeeze out the
The potential threat to oil revenues looms as Scotland
prepares to vote in September's independence referendum -- a
debate in which oil production forecasts have become a political
from Photographers' Blog:
By Luke MacGregor
How does one illustrate the centenary of a war that changed global history?
There is no way to truly relive or re-experience what people went through a whole century ago. The only thing I could think of was to try and draw a revealing comparison between people’s lives then and now.
I contacted a group of historical re-enactors who recreate the lives of soldiers in the Great War and attended some museum open days with them, watching as they publicly demonstrated various drills and period artifacts. But I wanted to go further than just seeing their uniforms. I wanted to show an interesting similarity between these men and the soldiers from 100 years before.
from India Insight:
A new exhibition in India’s capital showcases some of the earliest photographs from South Asia, taken between 1850 and 1910 when the region was under British rule.
Around 250 images from India, Sri Lanka, Myanmar and Nepal are on display at the “Drawn from Light: Early Photography and the Indian Sub-continent” exhibition in New Delhi.
By Peter Thal Larsen
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
The election of a fresh, charismatic leader fuels hopes for overdue change. After Japan and India, Asia’s reform spotlight has swung to Indonesia. Joko Widodo’s rise to the presidency invites comparisons with Narendra Modi in India and even Japan’s Shinzo Abe. The challenges facing Widodo – widely known as Jokowi - are more daunting. But the rewards for faster reform could be large.
from Claire Milhench:
LONDON, Aug 22 (Reuters) - Brent crude oil futures drifted
lower on Friday, further below $103 a barrel, as a strong dollar
and plentiful supplies continued to pressure prices.
October Brent crude was down 16 cents to $102.47 a
barrel by 0829 GMT. U.S. crude was down 34 cents at
$93.62 a barrel.