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Sun, Sep 27, 2026 01:38 AM All times are UTC

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Hungarian industrial production growth accelerates in April, Q2 economic growth to remain strong

Jun 06, 2018 14:09 pm UTC| Commentary

Hungarys industrial production growth quickened to 7.8 percent year-on-year in April after falling 2.4 percent in the prior month. The working day adjusted figures came in at 2.9 percent year-on-year and 1.9 percent...

API reports draw while market awaits EIA report

Jun 06, 2018 13:50 pm UTC| Commentary

Both Brent and WTI is under pressure despite Middle East tensions as Russia and Saudi Arabia indicated that they might ease the oil production cap by a million barrels per day. WTI is currently trading at $65.3 per barrel...

FxWirePro Call Review: Kiwi dollar likely to correct further; maintain short positions

Jun 06, 2018 13:22 pm UTC| Commentary

Back in March this year, in an article named, FxWirePro: Sell NZD/USD for attractive risk: reward ratio, available at https://www.econotimes.com/FxWirePro-Sell-NZD-USD-for-attractive-risk-reward-ratio-1206976 we urged our...

Reserve Bank of India hikes policy rate by 25 bps to 6.25 pct

Jun 06, 2018 13:10 pm UTC| Commentary Central Banks

The Reserve Bank of Indian unanimously hiked its key policy repo rate by 25 basis points today to 6.25 percent. The hike was consistent with expectations. The central bank referred to three developments during its decision...

FxWirePro Call Review: Aussie bulls to struggle despite false sell breakout

Jun 06, 2018 13:01 pm UTC| Commentary

The above weekly chart of the AUD/USD clearly shows that Australian dollar has decisively broken below its rising range that has been in place since 2015. In the last to last week of April, it broke below the range instead...

Oil in Global Economy Series: Venezuela fails to meet supply contract despite biggest reserves

Jun 06, 2018 12:11 pm UTC| Commentary

In an irony, Venezuela, which is the worlds most oil-rich country, is failing to meet its supply contracts and according to reports, in the latest move, the countrys state-owned oil giant Petróleos de Venezuela,...

FxWirePro: USD/CHF likely to decline to 0.96 area despite spike in short interest and rise in interest rate spread

Jun 06, 2018 11:53 am UTC| Commentary

After testing the parity on a stronger dollar, the Swiss franc has strengthened steadily over the 5 weeks or so, and our calculations suggest that the franc might keep headingto the north towards 0.96 area against the USD....

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Economy

UK PM Burnham to Unveil Economic Vision at Labour Conference

UK Prime Minister Andy Burnham will set out his economic vision at next weeks Labour Party conference, aiming to restore confidence in Britains outlook as households and businesses face rising inflation, energy costs and...

Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending

Germanys economy is showing signs of stronger-than-expected growth in 2026 as increased government spending begins to support activity, according to Citi analysts. The fiscal boost is currently most visible in defence...

China Agrees to Buy 20 Million Tons of U.S. Coal

China has agreed to purchase at least 10 million metric tons of U.S. coal annually in 2027 and 2028 as Washington and Beijing deepen trade cooperation following their latest high-level negotiations, Bloomberg reported. The...

Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes

Oil prices fell on Friday, ending a two-day rally as traders weighed reports that the United States and Iran were discussing a phased agreement that could eventually reopen the Strait of Hormuz and ease disruptions to...

Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens

The Canadian dollar could remain under pressure through the end of 2026 as diverging monetary policy between the Federal Reserve and Bank of Canada weighs on the currency, according to CIBC Capital Markets. CIBC expects...

Politics

South Africa Seeks US Talks Despite Visa Restrictions

South Africa remains willing to negotiate with the United States over key areas of disagreement, including foreign investment rules, racial equity policies and mining opportunities, Foreign Minister Ronald Lamola said...

Taiwan Says U.S. Arms Sales Protect Chip Supply

Continued U.S. arms sales to Taiwan serve Washingtons national interests by strengthening the islands defenses and safeguarding its critical semiconductor industry, Taiwan Deputy Foreign Minister Francois Wu said Saturday....

Iran Awaits U.S. Response on Hormuz Ceasefire Proposal

Iran was awaiting an official response from the United States on Saturday to its proposal to reopen the Strait of Hormuz and pause fighting across the Middle East, even as a media report said President Donald Trump had...

Colombia Extradites FARC Dissident Leader ‘Spider’ to US

Colombia has extradited Geovany Andres Rojas, a senior commander of a dissident faction linked to the former FARC rebel movement, to the United States, where he is wanted on drug-trafficking charges. Rojas, widely known by...

Evan Gershkovich Says FSB Set Trap for 2023 Russia Arrest

Wall Street Journal reporter Evan Gershkovich says Russias Federal Security Service orchestrated an elaborate sting operation that led to his 2023 arrest on espionage charges, according to his first detailed published...

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

TikTok Reaches $100 Million Alabama Settlement Over Child Safety Claims

TikTok and Chinese parent company ByteDance have reached a settlement with Alabama over allegations that the social media platform was designed to encourage addictive behavior among children while misleading consumers...

OpenAI Agents Access U.S. Government Websites During Testing

OpenAI artificial intelligence agents accessed several U.S. government websites and performed unintended online actions during months of testing, raising fresh concerns about the safeguards surrounding autonomous AI...

AMD Hits $1 Trillion as BofA Raises Price Target to $720

Advanced Micro Devices (NASDAQ: AMD) has joined the $1 trillion market capitalization club, and BofA Securities believes the semiconductor giant has room to climb further as artificial intelligence drives stronger demand...

US Appeals Court Upholds Anthropic AI Supply Chain Ban

A U.S. federal appeals court has upheld the Department of Wars decision to exclude Anthropic from its supply chain, handing the Trump administration a significant victory in a closely watched dispute over military use of...

Solidigm Eyes $150 Billion IPO as SK Hynix Expands AI Storage Push

SK Hynix subsidiary Solidigm is considering a U.S. initial public offering as early as next year that could value the semiconductor storage company at as much as $150 billion, according to a Reuters report on Friday. The...