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Canadian employment likely to have dropped in November

Dec 05, 2019 16:45 pm UTC| Commentary

Canadian employment report for the month of November is set to release tomorrow. According to a TD Economics research report, the labor market is expected to underwhelm with a 10,000 decline in employment for November,...

German industrial new orders fall in October, manufacturing likely to slow down economic growth in months ahead

Dec 05, 2019 13:05 pm UTC| Commentary

German industrial new orders dropped in October. On a sequential basis, industrial new orders fell 0.4 percent, as compared to the expectations of a rise of 0.4 percent. Excluding the always very volatile orders for other...

Reserve Bank of Indian keeps key interest rate on hold, cuts FY20 GDP forecast sharply

Dec 05, 2019 12:03 pm UTC| Commentary Central Banks

The Reserve Bank of India kept the policy repo rate on hold today, an unexpected unanimous decision after five straight rate cuts in 2019. The decision was based on the recent rise in inflation as well as the prospects...

Philippine headline inflation accelerates in November

Dec 05, 2019 11:06 am UTC| Commentary

Philippine headline inflation accelerated in the month of November, on rise in housing and utilities prices and the waning of supportive base effects. On a year-on-year basis, the consumer price inflation accelerated to...

Cryptocurrency Derivatives Series: OKEx Schedules ‘Go-Live’ date For USDT Perpetual Swap Trading, Unveils Ethereum Classic and XRP Futures

Dec 05, 2019 07:20 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

Malta-based worlds largest cryptocurrency derivatives exchange by daily trading volume, OKEx has announced that it will soon be launching USDT-margined perpetual swap trading feature on its platform. As per the...

Regulatory Series on Cryptocurrencies: Bakkt Chief in US Senate, What's The Impact on Crypto?

Dec 05, 2019 06:23 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

Kelly Loeffler, the CEO of ICE-backed crypto exchange Bakkt, has been appointed to serve in theUSSenate, Georgia Governor, Brian Kemp officially made the announcement. As per thesourcesof ICE, Loeffler is stepping down...

Philippine peso likely to continue to appreciate, USD/PHP to reach 50 by end-2020

Dec 04, 2019 18:51 pm UTC| Commentary

The evolution of the Philippine pesos fundamentals signifies that its trajectory requires a rethink, noted ANZ in a research report. The fiscal spending-led widening of the current account deficit needs to be given a...

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Economy

India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures

Indias central government is set to present its annual budget on Sunday, a closely watched event as Prime Minister Narendra Modis administration seeks to accelerate domestic reforms while navigating rising global...

China Home Prices Rise in January as Government Signals Stronger Support for Property Market

Average prices of new homes across 100 major Chinese cities recorded an increase in January, while price declines in the secondary housing market continued to narrow, according to a private survey. The data suggests early...

South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years

South Koreas exports recorded a strong start to the year, rising for an eighth consecutive month in January and posting their fastest growth in four and a half years, driven largely by booming global demand for AI servers...

Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals

Russian stocks finished Saturdays trading session slightly lower overall, with the benchmark MOEX Russia Index closing unchanged at 0.00% in Moscow. Market sentiment remained cautious as investors weighed mixed...

China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook

Chinas factory activity contracted at the start of the year, highlighting persistent pressure from weak domestic demand despite continued policy support from Beijing. An official survey released on Saturday showed that...

Politics

Trump Says Fed Pick Kevin Warsh Could Win Democratic Support in Senate Confirmation

U.S. President Donald Trump has expressed confidence that his nominee to lead the Federal Reserve, Kevin Warsh, could secure votes from Senate Democrats during what is expected to be a closely watched and potentially...

Christian Menefee Wins Texas Special Election, Narrowing GOP House Majority

Democrat Christian Menefee has won a Texas special election for the U.S. House of Representatives, according to the Associated Press, a result that further tightens Republicans slim majority in the chamber. Menefees...

Trump’s Iraq Envoy Mark Savaya Ousted Amid U.S.-Iraq Tensions Over Iran Influence

Mark Savaya, who was named by U.S. President Donald Trump as special envoy for Iraq in October, is no longer serving in that role, according to multiple sources familiar with the decision. The reported removal comes at a...

Keir Starmer Urges Prince Andrew to Testify in U.S. Epstein Investigation

British Prime Minister Keir Starmer has called for former Prince Andrew to testify before a U.S. congressional committee following new revelations about his long-standing links to disgraced financier and convicted sex...

U.S. Government Enters Brief Shutdown as Congress Delays Funding Deal

The U.S. government entered a partial shutdown early Saturday after Congress failed to finalize a funding agreement before a midnight deadline, temporarily halting a range of federal operations. The shutdown officially...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate

Speculation around a potential Musk Inc has resurfaced as Elon Musks companiesSpaceX, Tesla, and xAIexplore closer ties amid rapid advances in artificial intelligence and automation. With SpaceX expected to go public later...

SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz

SpaceX delivered a strong financial performance last year, generating an estimated $8 billion in profit on revenues between $15 billion and $16 billion, according to people familiar with the companys results. The figures,...

SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom

SpaceX has revised its Starlink privacy policy to allow customer data to be used for artificial intelligence training, a move that could significantly support Elon Musks broader AI ambitions. The policy change comes as...

Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says

Nvidias ambitious plan to invest up to $100 billion in OpenAI, aimed at supporting the training and operation of next-generation artificial intelligence models, has reportedly hit a roadblock. According to a report...

Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI

A U.S. federal judge has signaled she may dismiss a high-profile lawsuit filed by Elon Musks artificial intelligence startup, xAI, against rival OpenAI, dealing a potential setback to Musk in an escalating legal battle...