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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

BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions

The Bank of Japan (BOJ) is widely expected to raise interest rates at its June 16 policy meeting, unless a major escalation in the Middle East conflict triggers severe market disruption, according to sources familiar with...

US Dollar Holds Near Two-Month High as Fed Rate Outlook and Middle East Tensions Boost Demand

The U.S. dollar remained close to a two-month high on Thursday after posting strong gains in the previous session, supported by escalating geopolitical tensions in the Middle East and growing expectations that the Federal...

Australia Passes Major Tax Reform Bill to Boost Housing Affordability and Cut Taxes for Workers

Australias House of Representatives has approved a landmark tax reform bill that represents the governments most significant overhaul of the tax system in decades. The legislation, designed to improve housing affordability...

Indonesia Passes New Central Bank Law, Raising Investor Concerns Over Policy Independence

Indonesias parliament has approved a sweeping new law that expands the role of Bank Indonesia in supporting economic growth while granting lawmakers greater authority to evaluate the countrys independent financial...

Asian Currencies Stabilize as U.S. Dollar Remains Strong Ahead of Key Jobs Data

Asian currencies steadied on Thursday after experiencing significant losses in the previous session, as the U.S. dollar remained close to a two-month high. Investors continued to monitor escalating Middle East tensions and...

Politics

Israeli Airstrikes in Gaza Kill Nine Palestinians as Ceasefire Efforts Remain Stalled

At least nine Palestinians, including five members of the same family, were killed in separate Israeli airstrikes across the Gaza Strip early Thursday, according to local health officials. The latest Gaza attacks highlight...

Netanyahu Faces Growing Voter Backlash in Northern Israel Ahead of 2026 Election

Israeli Prime Minister Benjamin Netanyahu is facing declining political support in northern Israel, a region heavily affected by Hezbollah rocket and drone attacks, according to a recent poll conducted by Agam Labs at the...

AMLO Accuses U.S. of Interference as Mexico-U.S. Tensions Escalate in 2026

Former Mexican President Andrés Manuel López Obrador has accused the United States of using interventionist and unscrupulous practices to strengthen Mexicos right-wing opposition and weaken the countrys...

Meta Challenges Australia’s Proposed Tech Tax, Citing U.S. Trade Agreement Concerns

Meta has intensified its opposition to Australias proposed tax on major technology companies, arguing that the measure could violate the Australia-United States Free Trade Agreement and create new tensions between the...

Taiwan Urges China to Acknowledge Tiananmen Square Crackdown on 37th Anniversary

Taiwan has called on China to confront the legacy of the 1989 Tiananmen Square crackdown as the world marked the 37th anniversary of the deadly pro-democracy protests in Beijing. The appeal came from Taiwan President Lai...

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

Jensen Huang Strengthens Nvidia’s South Korea Ties Amid AI Expansion

Nvidia CEO Jensen Huang is set to make his second visit to South Korea in just seven months, underscoring the countrys growing importance in the global artificial intelligence ecosystem. Beyond high-level business...

Meta Delays Release of New AI Model as API Rollout Remains Uncertain

Meta Platforms Inc. (NASDAQ: META) has reportedly postponed the release of its latest artificial intelligence model to developers several times, with no confirmed launch date currently in place. According to a Wall Street...

CrowdStrike Beats Q1 FY2027 Expectations, Raises Outlook Despite After-Hours Stock Decline

CrowdStrike Holdings (NASDAQ: CRWD) delivered stronger-than-expected first-quarter fiscal 2027 results, driven by accelerating demand for AI-powered cybersecurity solutions. The company reported robust revenue growth,...

Quantinuum Raises $1.68 Billion in Upsized Nasdaq IPO Amid Growing Quantum Computing Demand

Quantinuum, a leading quantum computing company backed by Honeywell (NASDAQ: HON), has successfully raised $1.68 billion through an upsized U.S. initial public offering (IPO), highlighting strong investor confidence in the...

Hyundai, Nvidia, and South Korea Near Deal for Major AI Technology Center

Hyundai Motor, Nvidia, and the South Korean government are reportedly in the final stages of negotiations to establish a major artificial intelligence (AI) technology center in South Korea, according to a report by the...
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