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Australian bonds witness sharp rally on growing global uncertainties amid muted trading session

Jun 22, 2017 05:05 am UTC| Commentary Economy

The Australian bonds witnessed a sharp rally Thursday, owing to ongoing global uncertainties amid a muted trading session that witnessed data of little economic significance. The yield on the benchmark 10-year Treasury...

MSCI to include Mainland Chinese stocks to its emerging-market indexes in 2018

Jun 21, 2017 21:16 pm UTC| Commentary Economy

MSCI decided to include mainland Chinese stocks to its Emerging-market indexes next year. The change took place following several years of monitoring closely Chinas reforms in the stock markets. In the earlier years, one...

When – and why – did people first start using money?

Jun 21, 2017 16:52 pm UTC| Insights & Views Economy

Sometimes you run across a grimy, tattered dollar bill that seems like its been around since the beginning of time. Assuredly it hasnt, but the history of human beings using cash currency does go back a long time 40,000...

Corrupt state owned enterprises lie at the heart of South Africa's economic woes

Jun 21, 2017 16:25 pm UTC| Insights & Views Economy Business

The prevailing economic crisis sweeping through South Africa is a direct result of economic mismanagement largely shaped by the looting of state owned enterprises. Many are in deep trouble. Sheer incompetence and...

Digital Currency Revolution

Price hikes in Ether and Bitcoin aren't the signs of a bubble

Jun 21, 2017 16:09 pm UTC| Insights & Views Economy Investing

When there is a rapid growth in any of the crypto-currencies and assets such as Bitcoin, Ether, Zcash and others, many will call it out as a bubble. Indeed, on a relatively short time scale it clearly looks like a...

U.S. Treasuries remain flat ahead of 30-year auction, initial jobless claims

Jun 21, 2017 11:50 am UTC| Commentary Economy

The U.S. Treasuries remained flat Wednesday as investors remain geared up to witness a host of speeches by the Federal Open Market Committee (FOMC) members by the end of this week. Further, the countrys 30-year auction,...

UK gilts rally on unstable political situation; investors await super-long 30-year auction

Jun 21, 2017 10:08 am UTC| Commentary Economy

The UK gilts rallied Wednesday ahead of the Brexit negotiations in Brussels with an unstable political situation. Also, the countrys 30-year auction, due on June 22, will provide detailed direction to the debt...

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Economy

South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom

South Africa is keen to make use of potential new European Central Bank (ECB) repo liquidity lines, according to central bank governor Lesetja Kganyago, as the country continues to navigate easing inflation and a gradual...

Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength

Russian stocks finished the latest trading session on a mixed note, with the MOEX Russia Index closing flat as gains in select blue-chip shares were offset by losses in others. At the close of trading in Moscow, the...

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

Politics

Sydney Braces for Pro-Palestine Protests During Israeli President Isaac Herzog’s Visit

Sydney is preparing for large-scale pro-Palestine protests as Israeli President Isaac Herzog visits Australia, prompting authorities to declare the trip a major event and deploy thousands of police across the city....

Anutin’s Bhumjaithai Party Wins Thai Election, Signals Shift Toward Political Stability

Thailands political landscape may be entering a more stable phase after Prime Minister Anutin Charnvirakuls Bhumjaithai Party secured a decisive victory in Sundays general election. Preliminary results from the Election...

Israel Approves West Bank Measures Expanding Settler Land Access

Israels security cabinet has approved a new set of measures that could significantly reshape governance and land ownership in the occupied West Bank, according to Israeli media reports. The decisions, approved on Sunday,...

Bosnian Serb Presidential Rerun Confirms Victory for Dodik Ally Amid Allegations of Irregularities

A close ally of Bosnian Serb separatist leader Milorad Dodik has claimed victory following a partial rerun of the Republika Srpska presidential election held on Sunday, a vote ordered due to irregularities in the original...

Nicaragua Ends Visa-Free Entry for Cubans, Disrupting Key Migration Route to the U.S.

Nicaragua has officially ended visa-free entry for Cuban citizens, a policy change that took effect on Sunday and marks a major shift in regional migration dynamics. The decision brings to a close a policy that, for...

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....
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