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Central Bank of Turkey likely to hike rate in December - Barclays

Dec 11, 2017 19:13 pm UTC| Commentary

The Central Bank of Turkey is set to meet during this week. According to a Barclays research report, the Turkish central bank is expected to hike the Late Liquidity Window O/N lending rate by 100 basis point on Thursday....

Russian central bank likely to cut policy rate in December on softer inflation

Dec 11, 2017 18:35 pm UTC| Commentary

The Russian central bank is set to meet this week for its policy rate decision meeting. According to a Scotiabank research report, the Central Bank of Russia is likely to lower its policy rate. The lower inflation rate is...

U.S. job openings drop in October, pace of hiring to moderate further in months ahead

Dec 11, 2017 17:37 pm UTC| Commentary

U.S. job openings dropped in the month of October, but it continued to hover near the record highs. Job openings fell 181,000 to 6 million in the month. On a year-on-year basis, it rose 7.3 percent. The leveling off of...

U.S. Fed likely to hike rates by 25 bps, to maintain expectation of three hikes in 2018 – Nordea Bank

Dec 11, 2017 17:13 pm UTC| Commentary

The U.S. Fed is set to meet this week for its interest rate decision. According to a Nordea Bank research report, the Fed is likely to hike the fed funds rate by 25 basis points to a range of 1.25-1.50 percent. This would...

Danish inflation slows in November, likely to accelerate in 2018 on higher housing rents

Dec 11, 2017 17:12 pm UTC| Commentary Economy

Denmarks inflation dropped in the month of November, coming in below consensus expectations. Consumer prices fell 0.3 percent sequentially, while on a year-on-year basis inflation slowed to 1.3 percent from 1.5 percent. On...

Chinese PPI inflation likely to moderate in months ahead - Commerzbank

Dec 11, 2017 13:40 pm UTC| Commentary Economy

The Chinese inflation figures released on Saturday for the month of November had a few surprises. The headline rate rose 1.7 percent year-on-year, coming is slightly below the consensus expectations of 1.8 percent....

Commodities snapshot (precious & industrial)

Dec 11, 2017 13:39 pm UTC| Commentary

The metal pack is up today. Performance this week at a glance in chart table - Gold: Gold is heading lower amid lack of risk aversion. Todays range $1246-1251 Gold is currently trading at $1248/troy ounce....

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Economy

US-Iran Conflict Escalates Amid Oil Blockade and Rising Global Tensions

The United States-Iran conflict continues to intensify as President Donald Trump engages with oil executives to address the potential long-term impact of a U.S. naval blockade targeting Irans oil exports. The blockade,...

Gold Prices Dip Ahead of Fed Decision Amid Rising Middle East Tensions

Gold prices slipped on Wednesday as investors weighed ongoing geopolitical risks in the Middle East alongside expectations surrounding the Federal Reserves upcoming interest rate decision. Spot gold declined by 0.5% to...

Kevin Warsh Advances Toward Fed Chair Role Amid Political Tensions

Kevin Warsh, former Federal Reserve governor and U.S. President Donald Trumps nominee to lead the Federal Reserve, is expected to clear a critical step in the confirmation process as the Senate Banking Committee prepares...

Trump Urges Iran to Sign Nuclear Deal Amid Ongoing Conflict and Port Blockade

U.S. President Donald Trump has intensified pressure on Iran, urging its leadership to get smart soon and agree to a deal as tensions remain high following weeks of stalled negotiations. In a recent Truth Social post,...

Asian Markets Mixed as Fed Decision, Iran Tensions, and Inflation Data Weigh on Sentiment

Asian stock markets showed mixed performance on Wednesday as investors remained cautious ahead of the U.S. Federal Reserves policy decision and ongoing geopolitical tensions between the United States and Iran. Market...

Politics

NYC Mayor Urges King Charles to Return Koh-i-Noor Diamond During U.S. Visit

New York City Mayor Zohran Mamdani has called on Britains King Charles III to return the historic Koh-i-Noor diamond to India, bringing renewed attention to long-standing debates over colonial-era artifacts. His remarks...

King Charles and Queen Camilla Honor 9/11 Victims During New York Visit Amid US-UK Tensions

King Charles III and Queen Camilla paid tribute to the victims of the September 11, 2001 terrorist attacks during a solemn visit to the 9/11 Memorial in New York City. The royal couple laid a floral arrangement at the site...

Israel Intercepts Gaza-Bound Aid Ships Far from Its Shores Amid Ongoing Blockade

Israel has reportedly begun taking control of humanitarian aid ships bound for Gaza at locations far from its own coastline, according to Israeli army radio, which cited an unnamed Israeli source on Wednesday. While the...

US-Iran War Costs Hit $25 Billion as Political Pressure Mounts

The United States ongoing conflict with Iran has already cost an estimated $25 billion, according to a senior Pentagon official, marking the first official figure tied to the wars growing financial burden. The disclosure...

Sinaloa Governor Ruben Rocha Denies U.S. Cartel Allegations, Calls Charges Political

Mexicos Sinaloa State Governor Ruben Rocha has strongly denied recent allegations from the U.S. Department of Justice linking him to the powerful Sinaloa Cartel, describing the claims as politically motivated and without...

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

TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has officially divested its remaining stake in Arm Holdings, marking the end of its investment in the UK-based chip designer....

T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth

T-Mobile US Inc. (NASDAQ: TMUS) delivered a strong first-quarter performance, surpassing analyst expectations thanks to robust postpaid subscriber growth and rising service revenues. The wireless carrier reported adjusted...

Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook

Seagate Technology PLC (NASDAQ: STX) delivered impressive third-quarter results that surpassed Wall Street expectations, driving a sharp rise in its stock price. The data storage leader reported adjusted earnings per share...

Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal

The Australian government has announced a new plan that could impose multimillion-dollar charges on major tech platforms like Meta, Google, and TikTok if they fail to compensate local media companies for news content...

Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand

Shares of Lightelligence, the Shanghai-based optical computing company formerly known as Shanghai Xizhi Technology, delivered an explosive performance during their Hong Kong stock market debut, underscoring strong investor...