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U.S. sector PMI data hints at growth in several sectors in September

Oct 05, 2020 17:43 pm UTC| Commentary

U.S. sector PMI data for the month of September hinted at a growth in several sectors indicating contraction to two, as basic materials saw a renewed fall in output. However, the rate of contraction was just marginal....

National Bank of Poland likely to stand pat in October, inflation to remain above 2.5 pct target until end-2020

Oct 05, 2020 16:55 pm UTC| Commentary

The National Bank of Poland is set to meet this week for interest rate decision. According to an Erste Group Research report, the central bank is expected to keep the target rate on hold at 0.1 percent and maintain its...

U.S. service sector’s business activity continues to rise in September, PMI index at 54.6

Oct 05, 2020 14:11 pm UTC| Commentary

The U.S. service sectors business activity has seen a strong upturn, according to the September PMI data. The seasonally adjusted final Services PMI index came in at 54.6 in September, slightly down from Augusts 55. The...

Thai consumer price inflation falls in September, likely to rise modestly in coming months

Oct 05, 2020 13:04 pm UTC| Commentary

Thai headline inflation softened in the month of September after recording improvement for three consecutive months. Raw food and energy inflation mainly drove the weakness, although core inflation eased as well. On a...

Gold consolidates as investors await news on Trump's health

Oct 05, 2020 09:48 am UTC| Commentary

Gold prices consolidated within narrow ranges, as investors sought more clarity on developments in U.S. President Donald Trumps health after he was tested positive for COVID-19 last week. Spot gold was trading flat at...

Canadian economic growth accelerates sequentially in July

Sep 30, 2020 15:19 pm UTC| Commentary

The Canadian economic growth continued to accelerate. On a month-on-month basis, the GDP grew 3 percent in July. The rise was historically elevated, but the rebound phase seems to be coming to an end, noted TD Economics in...

Australian building approvals fall in August on softness in unit approvals

Sep 30, 2020 14:26 pm UTC| Commentary

Australian building approvals fell 1.6 percent sequentially in August after rising 12.2 percent in the prior month. Unit approvals mainly drove the weakness, falling 12.9 percent, but house approvals continued to go up,...

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Economy

Ukraine Faces $56 Billion Budget Gap as War Costs Soar

Ukraine is confronting a deepening budget crisis as Russian attacks cripple major industries, reduce tax revenues and drive the cost of fighting the war sharply higher. Kryvyi Rih, the hometown of President Volodymyr...

Thailand Plans Dual-Class Shares to Revive IPO Market

Thailands Stock Exchange plans to introduce a dual-class share structure by 2027, aiming to attract more companies to the countrys struggling IPO market while allowing founders to retain greater control over their...

India-US Trade Deal Talks Hit Plateau, Sitharaman Says

India and the United States have reached a difficult stage in negotiations over a long-awaited trade agreement, with little room left for either side to make additional concessions, Indian Finance Minister Nirmala...

Europe EV Sales Hit Record as Affordable Models Boost Demand

Europes electric vehicle market is accelerating in 2026, with record sales and a growing range of affordable models helping automakers meet stricter European Union emissions targets, according to a new study. Electric...

RBI Rate Hike Bets Surge as Inflation Rises

Investors are increasingly betting that the Reserve Bank of India will raise interest rates this week as inflation accelerates, economic growth remains strong and major global central banks adopt more hawkish policies. A...

Politics

Ukraine to Intensify Strikes on Russian Oil Refineries

Ukrainian President Volodymyr Zelenskiy said Kyiv will intensify attacks on Russian oil refineries in response to Moscows expanding air campaign against Ukrainian cities, while stressing that Ukraine will not deliberately...

Takaichi Pledges to Control Japan Bond Issuance

Japanese Prime Minister Sanae Takaichi pledged Monday to control government bond issuance and respond quickly to market volatility as rising yields intensify concerns over Japans public finances. In a policy speech to...

Australia Probes Flydubai Co-Pilot’s Links After FZ1073 Hijack Attempt

Australian counterterrorism authorities are investigating the local connections of the flydubai co-pilot accused of attacking the captain and attempting to seize control of flight FZ1073. The Victorian Joint Counter...

OPEC+ Keeps November Oil Output Targets Steady

OPEC+ has agreed to maintain its existing oil production targets for November, keeping supply policy unchanged as Middle East disruptions continue to limit actual output from several major producers. Seven core OPEC+...

Yemen Launches Major Offensive to Retake Houthi-Held Areas

Yemens Saudi-backed government announced Sunday a major military campaign aimed at recapturing territory controlled by the Iran-aligned Houthis, escalating a conflict increasingly linked to the wider Middle East war....

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

Huawei, Qualcomm Sign Multi-Year AI and 5G Patent Deal

Chinas Huawei Technologies has reached a broad multi-year patent licensing agreement with Qualcomm covering key technologies including artificial intelligence, 5G, computing and networking, strengthening the companies...

Zcash NU7 Testnet Cuts Block Time to 25 Seconds

Zcash has activated its NU7 network upgrade on the public testnet, reducing the targeted time between transaction blocks from 75 seconds to 25 seconds as developers prepare for a potential November mainnet launch. NU7 went...

Firmus Grid IPO Draws Strong Demand, Nvidia and Blackstone Could Raise Stakes

Australian data centre operator Firmus Grid plans to reserve roughly half of the shares in its initial public offering for existing investors, potentially giving Nvidia and Blackstone an opportunity to increase their...

UK Warned Over Growing Reliance on US Cloud Providers

Britains increasing dependence on U.S. cloud computing companies for critical government services could create a major strategic and economic vulnerability, lawmakers have warned, raising concerns about data sovereignty...

AI Agents Could Disrupt Financial Services, Bernstein Says

Consumer AI agents could reshape financial services by reducing customer inertia and making it easier to switch between financial products, although trust, data access and regulatory hurdles may slow adoption, according to...
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