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FxWirePro: PNB/Modi scandal unravels in India; PMO failed to take action despite warning

Feb 16, 2018 05:05 am UTC| Commentary

A major financial scandal is unraveling in India involving the countrys second biggest state-owned lender Punjab National Bank and businessman Nirav Modi, as well as Gitanjali Gems. The scandal came to highlight earlier...

JGBs rise in muted trading as Asian markets remain shut on eve of Chinese Lunar New Year holidays

Feb 16, 2018 04:58 am UTC| Commentary Economy

Japanese government bonds rose during early Asian session Friday amid a silent trading day that witnessed no data of any primary economic significance, following a shutdown in major Asian markets on the occasion of Chinese...

FxWirePro: The Day Ahead- 16th February 2018

Feb 16, 2018 04:02 am UTC| Commentary

Not many economic data and events scheduled for today, and all with low to medium volatility risks associated. Upcoming: Germany: Wholesale price inflation report will be released at 7:00 GMT. United Kingdom:...

Australian bond yields surge following weakness in U.S. Treasuries; RBA February meeting minutes in focus

Feb 16, 2018 03:31 am UTC| Commentary Economy

Australian bonds slumped on the last trading day of the weekFridayfollowing weakness in the U.S. Treasuries, which hovers around 4-year high. Also, investors remain optimistic ahead of the Reserve Bank of Australia (RBA)...

U.S. homebuilder confidence remains stable at 70 in January, housing activity to trend upwards

Feb 15, 2018 21:35 pm UTC| Commentary

The U.S. homebuilder confidence remains stable in February. The NAHB housing market index remained stable at 72 in February, coming in above the expected 70. The present expectation of single-family home sales dropped...

U.S. Philadelphia Fed Manufacturing index rises in February, sentiment remains strong in region

Feb 15, 2018 21:34 pm UTC| Commentary

The Philadelphia Feds Manufacturing Index rose in the month of February. The index rose from 22.2 to 25.8, coming in above the consensus expectations of 20. The rebound was mainly driven by an increase in new orders,...

U.S. jobless claims rise slightly, but labor market conditions remain strong

Feb 15, 2018 21:33 pm UTC| Commentary

U.S. weekly jobless claims rose slightly. In the week ended 10 February, jobless claims rose to 230k from 223k, as compared with consensus expectations of 228k. In spite of the rise, the four-week moving average came in at...

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Economy

Wall Street Surges to Record Highs Amid Strong Earnings and Economic Stability

U.S. stock markets closed sharply higher on Thursday, driven by solid corporate earnings, easing oil prices, and steady economic data that boosted investor confidence. The SP 500 rose 1% to a record-breaking 7,210.24,...

Oil Prices Surge Amid U.S.-Iran Tensions and Supply Disruption Fears

Global oil prices climbed sharply on Thursday as escalating geopolitical tensions between the United States and Iran fueled concerns about further supply disruptions in the Middle East. Brent crude oil prices surged by as...

Asian Stocks Slip as Oil Prices Surge and Fed Signals Inflation Risks

Asian stock markets declined on Thursday as investors reacted to a sharp rise in oil prices, mixed corporate earnings, and a cautious outlook from the U.S. Federal Reserve. The combination of geopolitical tensions, energy...

Dollar Holds Near Two-Week High as Fed Hawkish Shift Lifts Yields, Yen Near Intervention Zone

The U.S. dollar remained close to its strongest level in more than two weeks on Thursday, supported by a hawkish shift from Federal Reserve policymakers that pushed Treasury yields to a one-month high. Currency markets are...

US Stock Futures Mixed as Fed Holds Rates, Oil Prices Surge, and Big Tech Earnings Drive Market Moves

U.S. stock index futures traded mixed on Wednesday evening as investors reacted to the Federal Reserves latest policy decision, rising oil prices, and a fresh round of earnings from major technology companies. Market...

Politics

King Charles Wraps U.S. Visit with Trump Meeting and Virginia Tour

Britains King Charles III and Queen Camilla concluded their four-day state visit to the United States with a brief stop at the White House, where they said goodbye to U.S. President Donald Trump. The visit, which...

US Adds European Union to Section 301 Watchlist Amid Trade Concerns

The United States Trade Representative (USTR) has added the European Union (EU) to its Section 301 watchlist, signaling rising concerns over trade practices and intellectual property protections. The decision, announced...

Comey Faces Charges Over Instagram Post as Free Speech Debate Intensifies

Former FBI Director James Comey is facing new criminal charges tied to a controversial Instagram post, but legal experts argue the case is unlikely to succeed due to strong First Amendment protections. The charges stem...

Aung San Suu Kyi Moved to House Arrest Amid Myanmar Political Crisis

Myanmars detained former leader Aung San Suu Kyi is set to be transferred to house arrest, according to state media reports, marking a significant development more than five years after the military coup that removed her...

Israel Expands Gaza Restricted Zones, Raising Concerns for Civilians and Aid Access

Israels newly updated Gaza maps have significantly expanded restricted military zones, placing thousands of displaced Palestinians at increased risk and limiting humanitarian access. The revised maps, quietly shared with...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

Taiwan Activates Backup Communications After Undersea Cable Break on Dongyin Island

Taiwan has activated emergency backup communications for Dongyin, its northernmost and strategically important island, after an undersea cable was damaged due to shifting shipwreck debris caused by severe weather. The...

Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings

Meta Platforms has increased its full-year capital expenditure guidance for 2026, signaling continued aggressive investment in artificial intelligence infrastructure despite rising costs and market concerns. The company...

Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges

Amazon (AMZN) shares slipped 2.6% in after-hours trading on Wednesday, even after the company delivered record-breaking quarterly earnings that exceeded Wall Street expectations. The decline reflects investor concerns over...

Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance

Alphabet Inc. delivered an impressive first-quarter performance, surpassing Wall Street expectations with strong growth driven by its Cloud division and core Search business. The tech giant reported adjusted earnings per...

Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat

Qualcomm Inc. (NASDAQ: QCOM) shares climbed sharply on Wednesday, closing up 9% after a volatile trading session triggered by its fiscal second-quarter 2026 earnings report and softer-than-expected forward guidance. The...