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Wed, Jul 02, 2025 02:26 AM All times are UTC

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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

Former RBNZ Acting Governor Grant Spencer Appointed to Board

Grant Spencer, former Acting Governor of the Reserve Bank of New Zealand (RBNZ), has been appointed to the central banks board for a five-year term starting July 1, Finance Minister Nicola Willis announced on Tuesday....

U.S. Dollar Hits Multi-Year Low Amid Fed Easing Bets and Trump’s Spending Push

The U.S. dollar slumped to its lowest level against the euro since September 2021, as President Trumps $3.3 trillion tax-and-spending bill stirred fiscal concerns and weighed on investor sentiment. The euro surged to...

India Nears Interim Trade Deal with U.S. to Boost Economic Ties

India is reportedly close to finalizing an interim trade agreement with the United States, according to sources cited by the Financial Times. The deal could be announced as early as this week, marking a significant step...

GOP Pushes Trump’s $3.3T Tax and Spending Bill Amid Debt Concerns

U.S. Senate Republicans are scrambling to pass President Donald Trumps sweeping $3.3 trillion tax-cut and spending bill, despite deep internal divisions over its impact on the nations $36.2 trillion debt. In a high-stakes...

Asian Markets Mixed as Trump’s Tariff Deadline Looms; South Korea Rallies, Japan Slips

Asian stock markets traded mostly higher on Tuesday, buoyed by Wall Streets record-breaking performance, with South Koreas KOSPI surging 1.6% to lead regional gains. Investor sentiment was lifted by optimism around trade...

Politics

U.S. Senate Overwhelmingly Votes to End Federal AI Regulation Ban

The Republican-led U.S. Senate voted 99-1 on Tuesday to eliminate a 10-year federal moratorium on state-level regulation of artificial intelligence (AI), marking a major shift in the ongoing debate over AI governance. The...

Trump Threatens to Cut Tesla, SpaceX Subsidies Amid Feud With Elon Musk

U.S. President Donald Trump has threatened to revoke government subsidies for Tesla and SpaceX, escalating a public feud with Elon Musk over a controversial tax and spending bill. In a post on Truth Social Monday night,...

Thai PM Paetongtarn Faces Suspension Threat Amid Leaked Call Scandal and Thaksin Legal Woes

Thailands Prime Minister Paetongtarn Shinawatra is under mounting pressure as the Constitutional Court reviews a petition filed by 36 senators seeking her dismissal over a leaked phone call with Cambodias former leader Hun...

Trump Eyes Quick Trade Deals Ahead of July Tariff Deadline

The U.S. is pursuing fast-track trade agreements with key partners as President Donald Trumps July 9 tariff deadline looms, according to the Financial Times. These narrow deals aim to avoid tougher reciprocal tariffs by...

Quad Ministers Meet Amid Rising Tensions with China and Internal Strains

U.S. Secretary of State Marco Rubio convened his Australian, Indian, and Japanese counterparts on Tuesday to strengthen the Quad alliance and counter Chinas growing influence in the Indo-Pacific. Despite a shared strategic...

Science

FDA Lifts REMS Requirement for CAR-T Cell Cancer Therapies

The U.S. Food and Drug Administration (FDA) has removed the Risk Evaluation and Mitigation Strategies (REMS) requirement for all currently approved CAR-T cell therapies, a move expected to improve patient access to these...

Neuren Pharmaceuticals Surges on U.S. Patent Win for Rare Disorder Drug

Shares of Neuren Pharmaceuticals Ltd (ASX:NEU) jumped over 10% on Thursday after the company announced a key development in its rare disease pipeline. The U.S. Patent and Trademark Office has approved Neurens patent...

CDC Vaccine Review Sparks Controversy Over Thimerosal Study Citation

A presentation on thimerosal, a mercury-based vaccine preservative, set to be delivered to the CDCs advisory committee has come under scrutiny for referencing a non-existent study. The report, Thimerosal as a Vaccine...

SpaceX Starship Explodes in Texas During Test, Citing Nitrogen Tank Failure

SpaceXs Starship spacecraft exploded in a dramatic fireball during a late-night test at the companys Starbase facility in Brownsville, Texas, on June 18, 2025. The 400-foot Mars-bound rocket, a key part of Elon Musks...

NASA Astronauts Wilmore and Williams Recover After Boeing Starliner Delay

NASA astronauts Butch Wilmore and Suni Williams are steadily recovering after spending nine unexpected months aboard the International Space Station (ISS) due to issues with Boeings Starliner capsule. Initially intended...

Technology

Meta Launches Superintelligence Labs to Accelerate AGI Push

Meta CEO Mark Zuckerberg has unveiled a major restructuring of the companys AI division by launching Meta Superintelligence Labs, a new unit focused on advancing artificial general intelligence (AGI). Leading the...

TSMC’s AI Revenue Forecast Raised to $90B by 2029, Says Needham

Needham Company has raised its price target for Taiwan Semiconductor Manufacturing Co. (TSMC) to $270 from $225, reaffirming a Buy rating based on a bullish long-term AI growth outlook. In a new note, the firm projects...

Google Challenges EU Tech Rules Over Innovation Concerns

Alphabets Google (NASDAQ:GOOGL) is set to warn EU regulators on Tuesday that the European Unions Digital Markets Act (DMA) is stifling innovation and negatively affecting European users and businesses. The tech giant plans...

Elon Musk’s xAI Raises $10B for Supercomputer, Grok AI Expansion

Elon Musks artificial intelligence venture, xAI, has secured $10 billion in funding to fuel its rapid growth in the competitive AI sector, according to Morgan Stanley. The funding consists of $5 billion from secured notes...

Iran-Linked Hackers Threaten New Leak of Trump-Related Emails After Cyberattack

Iran-affiliated hackers, operating under the alias Robert, have threatened to release more stolen emails tied to U.S. President Donald Trump and his inner circle. This follows a previous leak during the 2024 U.S. election,...