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Sun, Aug 16, 2026 04:00 AM All times are UTC

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Deeming rates explained. What is deeming, how does it cut pensions, and why do we have it?

Jul 14, 2019 13:14 pm UTC| Insights & Views Central Banks

Now its the Coalition thats being accused of a retiree tax. As interest rates have come down over the past four years, the rate that retirees are deemed to have earned for the purpose of the pension income test hasnt...

FxWirePro: ECB sets to act – 3-way straddles to hedge EUR/GBP topsy-turvy trend

Jul 11, 2019 14:41 pm UTC| Research & Analysis Central Banks

The account of the last ECB Council meeting in early June, published today, confirms that the central is ready to ease the monetary policy stance further, without giving any hint how exactly a package of new measures might...

FxWirePro: ECB Policy Meeting Preview, EUR/JPY OTC Outlook and Options Strategy

Jul 11, 2019 10:20 am UTC| Research & Analysis Central Banks

In theeuroarea, the ECB minutes from the June meeting are set to be released today. Policy meeting would be scoured for confirmation that officials are moving towards the further stimulus. TheECBpushed out its rates...

BOC monetary policy decision: Assessing future bias

Jul 11, 2019 08:46 am UTC| Commentary Central Banks

Bank of Canada (BOC) at yesterdays meeting kept policy rate unchanged at 175 bps. The central bank recently signaled pause after increased rates five times since 2017 of 25 bps each. The overnight lending rate is at 175...

FxWirePro: Can CAD Continue to Appreciate on BoC Today? Deploy Options Strips to Hedge GBP/CAD

Jul 10, 2019 09:41 am UTC| Research & Analysis Central Banks

The Bank of Canada will leave its key rate unchanged today. What will be more interesting, however, is whether it will comment on the level of the Canadian dollar - the top performer in the G10 universe this year. The...

FxWirePro: Turkish lira’s vulnerability on removal of CBT chief - ‘Debit Call Spreads’ conducive for USD/TRY hedging

Jul 09, 2019 14:56 pm UTC| Research & Analysis Central Banks

Following the news of CBT chief Murat Cetinkaya being removed by Presidential decree, yesterday we revised forecasts for the Turkish economy and the lira sharply lower. Analysts now foresee USDTRY at 7.75 by Q1 2020. There...

Bank Negara Malaysia keeps interest rate on hold, likely to stand pat through 2019

Jul 09, 2019 13:16 pm UTC| Commentary Central Banks

Bank Negara Malaysia today kept its Overnight Policy Rate on hold at 3 percent, as was widely expected. Mays rate cut was intended to preserve the degree of monetary accommodativeness in the midst of some signs of...

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Economy

Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals

U.S. equities have delivered strong gains in 2026, but Barclays analysts warn that the stock market rally may be increasingly disconnected from underlying fundamentals as investors continue chasing higher prices. The SP...

Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets

Gold prices edged higher on Friday and headed for a weekly gain as weaker-than-expected U.S. retail sales further reduced expectations for a Federal Reserve interest rate hike in September. Spot gold rose 0.5% to $4,374.30...

S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint

The SP 500 closed lower on Friday, retreating from its latest record high as weakness in AI-related stocks and disappointing U.S. retail sales weighed on investor sentiment. The SP 500 fell 0.17% to 7,785.76, while the...

Trump Imposes New Tariffs on Drone Imports Over US Security Concerns

President Donald Trump has announced new tariffs on imported drones and drone components, citing national security concerns and the United States heavy dependence on foreign suppliers. Under a proclamation signed by Trump,...

Strait of Hormuz Shipping Near Standstill After New Vessel Attacks

Shipping through the Strait of Hormuz slowed to a near standstill on Friday after two more vessels were attacked, while the United States signaled it could maintain its naval blockade of Iran indefinitely. The disruption...

Politics

US Admiral Visits USS Abraham Lincoln as Carrier Prepares to End Deployment

The US admiral overseeing military operations involving Iran visited the USS Abraham Lincoln on Saturday as the aircraft carrier prepared to return home after a demanding nine-month deployment, according to a report by the...

AMLO’s Son Says U.S. Revoked His Visa

Andres Manuel Lopez Beltran, the son of former Mexican President Andres Manuel Lopez Obrador, said the United States has revoked his visa in what he described as a politically motivated decision. Lopez Beltran, widely...

DNC Makes South Carolina First in 2028 Democratic Primaries

The Democratic National Committee has officially selected South Carolina as the first state to vote in the 2028 Democratic presidential primaries, cementing a new nominating calendar designed to reflect the partys diverse...

Israeli Troops Enter Qusra Homes as Settler Siege Intensifies

Israeli troops took up positions inside Palestinian homes in the occupied West Bank village of Qusra on Thursday, according to local officials and residents, as a settler siege that has trapped several Palestinian families...

U.S. Pressures Nations to Choose Sides in AI Race

The United States is preparing to pressure dozens of countries to choose between joining a U.S.-led artificial intelligence alliance or supporting Chinas competing AI framework, according to a U.S. official and an internal...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says

Alphabet is increasingly shifting its artificial intelligence strategy toward commercialization, scale and long-term revenue growth, according to Goldman Sachs analysts. The investment bank said recent management changes,...

Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center

Nvidia is reportedly in discussions to invest up to $3 billion in SB Energy, a SoftBank Group-backed company developing a major AI data center campus in Ohio for OpenAI. According to a report by The Information, the...

Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion

Alphabets early investment in SpaceX has delivered extraordinary returns, with the Google parents stake valued at roughly $94.2 billion at the end of June. The company originally invested $900 million in Elon Musks rocket...

Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover

Stripe and private equity firm Advent International reportedly offered to acquire PayPal for $60.50 per share in July, valuing the payments company at roughly $53 billion. PayPal rejected the proposal as too low, but...

J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth

J.P. Morgan upgraded SanDisk to Overweight from Not Rated and set a December 2027 price target of $2,250, citing stronger long-term growth prospects following the flash memory companys 2026 Investor Day in New York....