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FxWirePro: Asian markets mixed, gold trades flat at $1,476 mark

Dec 18, 2019 04:14 am UTC| Commentary

All the major Asian indices were trading on a mixed note on Wednesday. Gold was trading around $1,476 mark while silver was trading around $16.99 mark. Japans Nikkei was trading 0.42 pct lower at 23,965.20...

Canadian headline inflation likely accelerated in November

Dec 17, 2019 18:15 pm UTC| Commentary

Canadian inflation data for November is set to release tomorrow. According to a TD Economics research report, the headline inflation is likely to have firmed to 2.2 percent, owing to a considerable tailwind from...

Polish industrial production growth likely contracted in November

Dec 17, 2019 18:14 pm UTC| Commentary

The Polish industrial production data is set to release this week. According to an Erste Group Research report, the industrial production output is likely to have contracted in November. The PMI holding well below the...

Polish wage growth likely to have eased in November

Dec 17, 2019 17:16 pm UTC| Commentary

Polish wage data is set to release tomorrow. According to an Erste Group Research report, wage growth is likely to have eased to 4.7 percent year-on-year in November. Consensus expectations are at 6 percent. Meanwhile,...

Canadian manufacturing sales fall in October

Dec 17, 2019 16:22 pm UTC| Commentary

Canadas manufacturing sales dropped in October. On a sequential basis, the manufacturing sales fell 0.7 percent after falling 0.2 percent in the prior month. Consensus expectations were for a flat print. Excluding price...

U.S. housing starts rise in November, residential investment likely to support growth over 2020

Dec 17, 2019 15:12 pm UTC| Commentary

U.S. housing starts rose 3.2 percent to 1.365 million units in November from an upwardly revised 1.323 million units in October. Market expectations were for a slightly lower rise of 2.4 percent. The revision reflected...

Italian exports rise in October, trade surplus widens

Dec 17, 2019 13:05 pm UTC| Commentary

Italian seasonally adjusted data showed that exports rose 3.1 percent, whereas imports dropped 2.3 percent. Exports for both non-EU nations and EU nations rose 6.1 percent and 0.7 percent, respectively. Imports dropped 3.9...

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Economy

Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth

Australias labour market delivered mixed signals in August as employment growth comfortably exceeded expectations, while the unemployment rate climbed to its highest level in nearly five years amid increased participation...

Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit

Asian stocks mostly declined on Thursday as surging global bond yields weighed on risk appetite, while investors awaited a closely watched meeting between U.S. President Donald Trump and Chinese President Xi Jinping....

Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets

Gold prices edged lower on Thursday, extending pressure from the previous session as rising Treasury yields, stronger oil prices and a firm U.S. dollar fueled expectations that the Federal Reserve may continue raising...

Asian Currencies Mixed as Dollar Holds Near Two-Month High

Asian currencies traded mixed on Thursday as the U.S. dollar hovered near a two-month high, supported by stronger U.S. economic data, renewed inflation concerns and growing expectations for another Federal Reserve rate...

RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity

The Reserve Bank of India has conducted at least $10 billion worth of currency swaps in recent weeks as it moves to absorb excess liquidity from the countrys financial system and contain potential inflation risks,...

Politics

Taiwan Thanks US for Support Ahead of Trump-Xi Summit

Taiwans government on Thursday expressed gratitude for continued US support and said it remains in close communication with Washington as President Donald Trump prepares to meet Chinese President Xi Jinping in the US...

Netanyahu Takes Aim at Mamdani as Israel Election Nears

Israeli Prime Minister Benjamin Netanyahu is expected to use his United Nations address on Thursday to criticize New York Mayor Zohran Mamdani, as the Israeli leader faces international pressure and a closely watched...

Russian Missile and Drone Attack on Kyiv Kills Two, Damages Maternity Hospital

Russia launched a major missile and drone attack on Kyiv early Thursday, killing two people and damaging residential buildings, medical facilities and other infrastructure across the Ukrainian capital, according to...

Judge Orders Trump to Restore White House Access for CNN, MS NOW and Politico

A federal judge on Thursday ordered President Donald Trumps administration to temporarily restore White House press access for journalists from CNN, MS NOW and Politico, ruling that the administrations ban on the three...

Ghana Says Western Support Growing for Slave Trade Reparations

Ghana says Western support is increasing for its campaign seeking reparations for the trans-Atlantic slave trade, with the initial effort focused on securing the return of African artifacts taken during the colonial era....

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

Tencent Launches TenPayGo Payment App for Foreign Tourists in China

Tencent has launched TenPayGo, a new mobile payment app designed to make digital transactions easier for international travelers visiting China, as the technology giant looks to benefit from growing inbound tourism ahead...

China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts

Chinas livestream shopping industry is entering a slower phase, but Li Jiaqi, the influential presenter known as the Lipstick King, believes artificial intelligence will complement rather than replace human hosts. Li, who...

Meta Unveils Muse Charm AI Device, Expands Smart Glasses Lineup

Meta Platforms (NASDAQ: META) unveiled a palm-sized device designed specifically for its Muse artificial intelligence agent on Wednesday, alongside an expanded lineup of smart glasses and new AI capabilities. CEO Mark...

SoftBank Raises $11.1 Billion in Bond Sale to Fund OpenAI Investment

SoftBank Group has raised $11.1 billion through a major dollar- and euro-denominated bond offering as the Japanese technology investment giant builds up cash to finance its expanding artificial intelligence investments,...

Meta Connect Spotlights Camera-Free Smart Glasses Amid Privacy Concerns

Meta Platforms opened its annual Connect conference on Wednesday, with the technology giant expected to introduce new smart glasses as it seeks to expand its lead in AI-powered wearable devices while addressing mounting...