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Tue, Feb 10, 2026 03:33 PM All times are UTC

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FxWirePro: Asian markets in green, gold back above $1,310 mark

May 10, 2018 04:05 am UTC| Commentary

All the major Asian indices were trading on a higher note on Thursday. Gold was trading around $1,313 mark while silver was trading around $16.50 mark. Japans Nikkei was trading 0.35 pct higher at 22,488.55...

Australian bonds edge slightly higher on weaker-than-expected Chinese CPI data; markets await employment report

May 10, 2018 03:51 am UTC| Commentary Economy

Australian government bonds edged slightly higheron Thursdaytracking weaker-than-expected Chinese consumer inflation data. Now, markets await next weeks employment report which might set a tone for the Reserve Bank of...

Swedish CPIF inflation rises in April, Riksbank unlikely to hike rate

May 09, 2018 18:30 pm UTC| Commentary Economy

Swedish CPIF-inflation excluding energy came in at 1.4 percent year-on-year in April, the lowest reading for over a year but consistent with the central banks view. Service inflation decelerated. Looking at the details,...

U.S. producer prices rise slightly below expectations

May 09, 2018 15:39 pm UTC| Commentary

U.S. producer prices rose slightly below consensus expectations in April. On a sequential basis, producer prices grew 0.1 percent, as compared with consensus expectation of 0.2 percent, nudging the annual rate of growth...

Norwegian inflation rises slightly in April, but remains below Nordea Bank’s forecast

May 09, 2018 13:58 pm UTC| Commentary

Norwegian inflation rose a bit in April but continues to be below Nordea Banks forecast. Therefore, there is uncertainty regarding the September hike. Core inflation came in at 1.3 percent year-on-year, a rise from 1.2...

Hungarian headline inflation accelerates in April, likely to reach 3 pct by end-2018

May 09, 2018 13:01 pm UTC| Commentary

The Hungarian headline inflation accelerated in the month of April. On a year-on-year basis, the consumer price index rose to 2.3 percent, consistent with expectations. The rise in fuel price, depreciation of the Hungarian...

New Zealand retail card spending remains weak in April, following decline in nominal fuel spending

May 09, 2018 08:26 am UTC| Commentary Economy

After solid nominal spending growth in the first quarter, New Zealands retail card spending was weak in April. Retail spending fell 2.2 percent m/m, while core retail fell 2.3 percent. These data can be volatile, and the...

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Economy

India–US Trade Deal: Digital Tax Removal and $500 Billion Purchase Commitment Signal Major Policy Shift

India has agreed to remove its digital services tax and committed to purchasing more than $500 billion worth of American goods under a recent trade agreement with the United States, according to a White House fact sheet...

Asian Currencies Edge Higher as Dollar Retreats Ahead of Key U.S. Data

Most Asian currencies strengthened on Tuesday, tracking an overnight pullback in the U.S. dollar as its recent rebound lost momentum ahead of a busy week of key American economic data. While regional foreign exchange...

Japan Weighs Using Foreign Exchange Reserve Surplus to Fund Food Tax Cuts

Japans government is considering whether surplus funds from its massive foreign exchange reserves could be used to help finance planned cuts to the food sales tax, according to comments made Tuesday by Japanese Minister of...

Russia Condemns U.S. Sanctions as Cuba Faces Critical Fuel Crisis

Russia has warned that Cubas fuel situation has reached a critical point, blaming intensified U.S. sanctions for deepening the islands economic crisis and pledging continued solidarity with Havana and Caracas. Moscow also...

U.S. Stock Futures Steady as Investors Await Key Jobs and Inflation Data

U.S. stock futures were little changed on Monday evening as investors grew cautious ahead of key economic data releases later this week, following a mostly positive close on Wall Street. Futures tied to the SP 500 slipped...

Politics

Trump Administration Moves to Repeal EPA Climate Endangerment Finding

The administration of U.S. President Donald Trump is reportedly preparing to repeal a key Obama-era scientific determination that has long served as the legal foundation for federal regulation of greenhouse-gas emissions....

U.S. Issues New Shipping Guidance for Strait of Hormuz Amid Rising Iran Tensions

The United States has issued new guidance for commercial vessels navigating the Strait of Hormuz, one of the worlds most critical maritime chokepoints for global oil and gas shipments, as tensions persist between...

Hong Kong Leader Defends 20-Year Sentence for Jimmy Lai

Hong Kong Chief Executive John Lee said on Tuesday that media tycoon and prominent democracy campaigner Jimmy Lai deserved the 20-year prison sentence imposed by a court earlier this week, arguing that the punishment...

Trump Administration Plans Chip Tariff Exemptions for Big Tech Amid AI Data Center Push

The administration of U.S. President Donald Trump is reportedly planning to exempt major technology companies such as Amazon, Google, and Microsoft from upcoming tariffs on semiconductor chips, a move aimed at supporting...

U.S. Appeals Court Allows Trump Administration to End TPS for Honduras, Nepal, Nicaragua Migrants

A U.S. appeals court in California on Monday temporarily lifted a federal judges order that had blocked the Trump administration from ending Temporary Protected Status (TPS) for nearly 89,000 migrants from Honduras, Nepal...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

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...

Technology

Salesforce Workforce Reduction Affects Fewer Than 1,000 Roles Amid Ongoing Restructuring

Salesforce has reportedly reduced its workforce by fewer than 1,000 employees earlier this month, according to a Business Insider report published on Monday. The report cited a person familiar with the matter, though...

Alphabet Plans Rare 100-Year Sterling Bond to Fund AI Expansion

Alphabet is preparing to issue a rare 100-year sterling bond as part of a broader multi-currency debt offering, marking a notable move to expand its long-term borrowing strategy to support growing investments in artificial...

Amazon Explores AI Content Marketplace With Media Publishers

Amazon (NASDAQ: AMZN) is reportedly in discussions with media publishers about launching a new artificial intelligence content marketplace designed to connect news organizations and digital content creators with companies...

Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible

Taiwan has firmly rejected calls from the United States to relocate a large portion of its semiconductor manufacturing capacity, with senior officials stressing that the islands chip industry cannot be uprooted. Taiwan...

Samsung Electronics Shares Jump on HBM4 Mass Production Report

Samsung Electronics shares surged on Monday following reports that the South Korean tech giant is set to begin mass production of its next-generation HBM4 memory chips, a key component in artificial intelligence hardware....