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Philippines economy likely to grow at 6.4 pct in 2017, says DBS Bank

Jan 19, 2017 04:53 am UTC| Economy Commentary

Philippines economy is expected to grow annualised around 7 percent in 2016. National Statistical Coordination Board will release the gross domestic product (GDP) data for the last-quarter of 2016 on January 26. If the...

FxWirePro: The Day Ahead- 19th January 2017

Jan 19, 2017 04:22 am UTC| Commentary Economy Central Banks

Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Consumer inflation expectations rose to 4.3 percent in January. Unemployment...

UK economy likely to slow progressively throughout 2017

Jan 18, 2017 16:03 pm UTC| Commentary Economy

The UK economy has started 2017 with decent momentum in activity and continues to expand at a trend pace. The recent PMI surveys are in expansion territory and the quarterly pace of GDP growth is in line with trend. The...

China likely to maintain steady economic growth at 6.7 percent in Q4

Jan 18, 2017 14:54 pm UTC| Commentary Economy

China reports GDP data for the fourth quarter on Friday, 20th January. Higher government spending and record bank lending is likely to see stable growth in China in the fourth quarter. Massive fiscal and credit stimulus...

Global Geopolitics Series

How the City of London is preparing for a hard Brexit

Jan 18, 2017 13:24 pm UTC| Insights & Views Economy Politics

Theresa May has made clear that the UK governments Brexit strategy is to leave the single market and customs union. It ends months of speculation over whether or not it will be a hard or soft Brexit. The one audience...

FxWirePro: Indian rupee likely to trade with weakening bias in January ahead of Union Budget

Jan 18, 2017 12:41 pm UTC| Economy Commentary

The Indian rupee is expected to trade with a weakening bias this month given ongoing portfolio outflows, ahead of the presentation of Union Budget FY2017-18 on 1 February and the Reserve Bank of Indias (RBI) next MPC...

China's measures to deflate potential housing bubble likely taking effect

Jan 18, 2017 12:35 pm UTC| Insights & Views Economy

Property is a fundamental driver for Chinas economy and the nation has become over-reliant on the property market for economic growth over the past decade. Despite series of government measures aimed at stemming...

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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

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...

Antonio José Seguro Poised for Landslide Win in Portugal Presidential Runoff

Moderate socialist Antonio José Seguro appeared on track for a decisive victory in Portugals presidential runoff election on Sunday, according to exit polls that projected a commanding win over his far-right rival,...

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

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....