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Catalonia Crisis: Five-day ultimatum unlikely to solve gridlock between Puigdemont and Rajoy

Oct 12, 2017 10:39 am UTC| Commentary

After having a consultation with the Cabinet, Spanish Prime Minister Mariano Rajoy issued a five-day deadline to the Catalan Independence leader Carles Puigdemont on Wednesday to clarify his position on Independence. It...

Oil in Global Economy Series: U.S. oil exports now beat majority of OPEC members

Oct 12, 2017 10:06 am UTC| Commentary

The crude oil exports from the United States are quickly becoming a key influencing factor in the global oil market, which even after more than three years of price decline remains oversupplied. According to data from the...

Oil in Global Economy Series: Libya unlikely to join supply cut agreement as production struggles

Oct 12, 2017 09:49 am UTC| Commentary

While Nigeria is expected to be pressured to join the OPEC supply reduction initiative by both OPEC members and non-OPEC participating countries like Russia when they meet to discuss the future of the agreement in Vienna...

UK gilts gain momentum following scant progress in fifth round of Brexit talks

Oct 12, 2017 08:40 am UTC| Commentary Economy

The UK gilts gained momentum Thursday as investors poured into safe-haven assets, following timid progress over the fifth round of Brexit negotiations that cast a shadow over the fate of the British economy. The yield...

Oil in Global Economy Series: Iraq continues to cheat OPEC agreement more than any other country

Oct 12, 2017 08:28 am UTC| Commentary

Data from OPECs monthly oil market report shows that Iraq remains the biggest cheater within OPEC when it comes to complying with the agreement. The chart, which is based on production data from secondary sources for the...

Taiwan’s export sector likely to receive support in near-term on rising demand for iPhone, says DBS Group Research

Oct 12, 2017 07:59 am UTC| Commentary Economy

Taiwans export sector is expected to receive support in the near-term on rising demand in the iPhone supply chains and synchronous recovery across the major markets. From the technical perspective, exports growth should...

Oil in Global Economy Series: Non-OPEC supplies expected to grow in 2017 and 2018

Oct 12, 2017 07:23 am UTC| Commentary

According to OPECs monthly oil market report, published this week, the oil supplies from major non-OPEC producers who are not part of the current supply-reduction agreement joined by non-OPEC countries like Russia are set...

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Economy

Nasdaq Futures Jump as Micron Earnings Boost AI Trade

U.S. stock futures climbed Thursday, led by a sharp rise in Nasdaq futures after strong earnings and guidance from Micron Technology reinforced investor confidence in artificial intelligence-driven chip demand. Wall Street...

Dollar Hits Three-Month High as US Treasury Yields Surge

The US dollar climbed to its highest level in more than three months on Thursday as rising Treasury yields supported the greenback, with investors weighing persistent global inflation risks linked to the US-Israeli war on...

US Treasury Bond Buybacks Fall Short Despite Expanded $6 Billion Cap

The US Treasury is buying fewer long-dated government bonds than investors expected under its expanded buyback program, prompting debate over the initiatives purpose and effectiveness. Treasury last month raised the...

India Manufacturing Growth Hits Seven-Month High in September

Indias manufacturing sector regained momentum in September, recording its strongest expansion in seven months as robust domestic and overseas demand boosted factory output, hiring and business confidence. The HSBC India...

South Korea Exports Surge 83.5% on AI Chip Boom

South Korean exports surged far more than expected in September, driving the countrys trade surplus higher as strong global demand for artificial intelligence chips and electronics continued to support Asias fourth-largest...

Politics

Israel Tightens Pilot Security After Flydubai Incident

Israel plans to strengthen security checks on pilots operating flights into the country after an alleged attempt by a flydubai co-pilot to crash a Tel Aviv-bound aircraft, according to a spokesperson for the Israeli prime...

Netanyahu Vows Probe Into Foiled Flydubai Crash Attempt

Israeli Prime Minister Benjamin Netanyahu said Israel intends to determine the full circumstances surrounding an alleged attempt by a co-pilot to crash a flydubai flight bound for Tel Aviv, including whether the incident...

California Leads Lawsuit Over Trump’s $810 Million Funding Cuts

California and six other states have sued the Trump administration over its attempt to withhold roughly $810 million in federal funding already approved by Congress, escalating a legal battle over presidential authority...

Trump Praises Boeing 737 Max After Flydubai Crash Attempt

U.S. President Donald Trump praised Boeings 737 Max on Thursday, highlighting the aircrafts durability after the model survived an attempted crash involving a Flydubai flight bound for Tel Aviv. Trump said the Boeing 737...

US Officials See China Taiwan Invasion Before 2028 as Less Likely

U.S. officials increasingly believe China is unlikely to invade Taiwan before 2028, despite Chinese President Xi Jinpings reported directive for the Peoples Liberation Army to be capable of taking the island by force by...

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

DogeOS Launches Testnet to Bring DeFi Apps to Dogecoin

DogeOS has launched a public testnet designed to bring Ethereum-style decentralized finance applications to Dogecoin, potentially expanding DOGEs utility beyond payments and price speculation. The Ethereum-compatible...

Tencent Signs $7 Billion Oracle AI Chip Lease Deal

Tencent has signed a $7 billion agreement with Oracle to access roughly 100,000 advanced artificial intelligence chips, marking a major expansion of the Chinese technology giants AI infrastructure, according to the...

Micron Forecast Tops Estimates as AI Memory Demand Stays Strong

Micron Technology delivered a stronger-than-expected fiscal first-quarter 2027 outlook, supported by robust demand for memory chips used in artificial intelligence infrastructure, although signs of slowing earnings growth...

DeepSeek, Huawei Partner on Ascend AI Chip Programming Tools

DeepSeek has partnered with Huawei Technologies to develop new programming tools for Huaweis Ascend AI chips, strengthening Chinas efforts to build domestic alternatives to Nvidia hardware. DeepSeek said Wednesday in a...

Apple iPhone 18 Pro Sales Jump 12% in China

Apples iPhone 18 Pro series delivered a strong debut in China, with first-week sales rising 12% from a year earlier and helping the technology giant secure the top position in the countrys smartphone market, according to...
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