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Global Geopolitical Series: Russia finds ‘Soybeans’ opportunity amid Sino-American trade war

Nov 09, 2018 09:26 am UTC| Commentary Economy

The ongoing Sino-American trade war, where so far, both the parties have refused to give in, is creating an opportunity to Russia farmers looking to replace U.S. Soybeans import by China. American and China have imposed...

USD/MYR likely to consolidate between 4.12-4.20 in near term, says Commerzbank

Nov 09, 2018 08:29 am UTC| Commentary Economy

The USD/MYR currency pair is expected to consolidate between 4.12-4.20 in the near term, according to the latest report from Commerzbank, besides, the Bank Negara Malaysia (BNM) staying on hold for at least the first half...

Australian September housing finance falls in line with expectations, further weakness likely

Nov 09, 2018 06:46 am UTC| Commentary Economy

Australias housing finance for the month of September fell in line with expectations in September, with declines across all segments. The recent fall in owner-occupier finance suggests that weaker sentiment is now also...

Trump-Xi Summit likely to deescalate trade tensions as Republicans prepare for US Presidential Election 2020, says Scotiabank

Nov 09, 2018 05:40 am UTC| Commentary Economy

The Trump-Xi Summit is expected to deescalate the two nations trade tensions to some extent as Republicans are set to prepare for the US Presidential Election of 2020 after losing control of the House, according to the...

Australian long-term bonds gains after RBA says no strong case for near-term policy change

Nov 09, 2018 03:52 am UTC| Commentary Economy

Australian long-term government bonds gained during Asian session on Friday after the Reserve Bank of Australia (RBA) Board said there is no strong case for any near-term policy change in its November Statement on Monetary...

Why we should worry less about retirement - and leave super at 9.5%

Nov 08, 2018 17:29 pm UTC| Insights & Views Economy

Its conventional wisdom that Australians dont save enough for retirement. Most workers themselves think they wont have enough to retire on, and their concerns are rising. But the conventional wisdom is wrong. Our new...

2 economic policies likely to change with Democrats in control of House

Nov 08, 2018 17:23 pm UTC| Insights & Views Economy

Perhaps the biggest surprise in the midterm elections was that, unlike 2016, there wasnt one. Polls and pundits expected Democrats would take control of the House and Republicans would keep the Senate, and thats exactly...

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Economy

China Revises 2024 GDP Lower After Final Review, Eyes Growth in 2025

Chinas economy in 2024 was officially revised downward following a final verification by the countrys statistics bureau, highlighting ongoing adjustments in the worlds second-largest economy. According to the latest...

U.S. Stock Futures Edge Higher as Holiday-Thinned Trading Persists

U.S. stock futures moved modestly higher on Thursday evening following the Christmas holiday, as subdued activity and thin trading volumes continued to shape market behavior ahead of a shortened New Years trading week....

Oil Prices Rise on Venezuela Sanctions and Nigeria Airstrikes Despite Annual Losses

Global oil prices edged higher on Friday as geopolitical tensions intensified following new U.S. actions targeting Venezuelan oil shipments and military airstrikes against Islamic State militants in Nigeria. These...

Japan Approves Record ¥122.3 Trillion Budget as Takaichi Seeks Fiscal Balance

Japans government, led by Prime Minister Sanae Takaichi, has approved a record-breaking budget worth 122.3 trillion yen ($785 billion) for the next fiscal year starting in April, underscoring its attempt to balance...

Tokyo Core Inflation Stays Above BOJ Target, Strengthening Case for Further Rate Hikes

Core consumer prices in Tokyo, Japans capital, rose 2.3% in December compared with the same period a year earlier, reinforcing expectations that the Bank of Japan (BOJ) may continue raising interest rates in the coming...

Politics

White House East Wing Ballroom Plans Face Scrutiny Ahead of January Hearing

The White House is set to reveal new details about President Donald Trumps proposed East Wing ballroom during a federal commission hearing scheduled for early next month, according to official notices. The project, which...

Zelenskiy Discusses Ukraine Peace Efforts With Trump Envoys

Ukrainian President Volodymyr Zelenskiy said on Thursday that he held an extensive discussion with U.S. President Donald Trumps special envoy Steve Witkoff and Trumps son-in-law Jared Kushner, focusing on possible ways to...

Kim Jong Un Signals Continued Missile Development as North Korea Plans Five-Year Military Modernization

North Korean leader Kim Jong Un has signaled that the country will continue to advance its missile capabilities over the next five years, underscoring Pyongyangs ongoing focus on strengthening its military deterrence....

US Airstrikes Target Islamic State Militants in Northwest Nigeria Amid Rising Security Concerns

The United States has carried out airstrikes against Islamic State militants operating in northwest Nigeria, according to a statement made by U.S. President Donald Trump on Thursday. The strikes were described as a direct...

U.S. Judge Blocks Deportation of British Anti-Disinformation Campaigner Imran Ahmed Amid Free Speech Dispute

A U.S. federal judge has temporarily blocked the Trump administration from detaining or deporting Imran Ahmed, a British anti-disinformation campaigner and U.S. permanent resident, following a legal challenge over an entry...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...