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Japanese bonds steady in lacklustre trade, inflation data in focus

Aug 23, 2017 04:12 am UTC| Commentary Economy

The Japanese bonds traded nearly flat Wednesday as market awaits inflation data scheduled for Thursday, August 24 at 23:30 GMT. Also, little trading activity is observed in the light of no important economic data or...

Australian bonds slump following weakness in U.S. treasuries, Jackson Hole in focus

Aug 23, 2017 03:18 am UTC| Commentary Economy

The Australian bonds slumped Wednesday tracking weakness in the U.S. treasuries as investors digest weak economic data ahead of the Federal Reserves Jackson Hole Economic Policy Symposium scheduled for this Friday in...

Bank of England likely to keep monetary policy on hold for now – Lloyds Bank

Aug 22, 2017 23:09 pm UTC| Commentary

The Bank of England kept its policy on hold during its August meeting, leaving the bank rate at 0.25 percent. Also, it made no changes to the Asset Purchase Scheme. The voting pattern indicated a less hawkish split of 6-2...

U.K. economic growth likely to be unrevised at 0.2 pct in Q2 – Lloyds Bank

Aug 22, 2017 22:56 pm UTC| Commentary

The first estimate by the ONS showed that the U.K. economic growth expanded 0.3 percent in the second quarter of this year. This is just modestly more rapid than the 0.2 percent recorded in the first quarter and below the...

Norwegian mainland economy likely grew 0.6 pct sequentially in Q2, says Nordea Bank

Aug 22, 2017 22:47 pm UTC| Commentary

The Norwegian mainland economic growth is expected to have remained solid in the second quarter. According to a Nordea Bank research report, the mainland GDP is expected to have expanded at 0.6 percent quarter-on-quarter...

Indian economy likely to grow 7.3 pct in 2017, inflation to remain below RBI’s medium-term target

Aug 22, 2017 22:32 pm UTC| Commentary

Indian economic growth is expected to accelerate to 7.3 percent this year and strengthen further to 7.5 percent in 2018, noted ANZ in a research report. Investment cycle is expected to stay subdued. The most marked...

U.K. manufacturing sector sentiment remains positive in August

Aug 22, 2017 21:34 pm UTC| Commentary Economy

The CBI Industrial Trends survey showed that confidence in the U.K. manufacturing sector continued to be positive in August, with the output index dropping slightly from its record reading of 31 percent in July to 30...

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Economy

BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build

The Bank of Japan (BOJ) held its interest rates steady on Tuesday, but growing internal support for tightening monetary policy highlights increasing concern over inflation pressures, particularly those linked to the...

European Stocks Slip as U.S.-Iran Tensions and Earnings Season Weigh on Markets

European stock markets edged lower on Tuesday as investors adopted a cautious stance ahead of key central bank meetings and a busy week of corporate earnings. Ongoing geopolitical tensions, particularly the stalled...

Ukraine Faces Pressure to Introduce VAT on Low-Value Imports to Secure IMF Funding

Ukraine is under increasing pressure to introduce a value-added tax (VAT) on low-value parcels from abroad as part of efforts to keep its $8.1 billion International Monetary Fund (IMF) program on track. The IMF review...

Gold Prices Drop Amid Iran War Concerns, Rising Oil Costs, and Hawkish Central Bank Signals

Gold prices declined sharply during Asian trading on Tuesday as rising oil prices and hawkish signals from the Bank of Japan (BOJ) heightened concerns about global inflation and interest rate policies. Spot gold fell by 1%...

China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.

The Beijing Auto Show is drawing global attention as it highlights a dramatic shift in the automotive market: electric vehicle (EV) prices in China are significantly lower than in the United States. Intense competition...

Politics

King Charles Addresses U.S. Congress, Emphasizes UK-US Alliance Amid Political Tensions

Britains King Charles III is set to deliver a historic address to the U.S. Congress on Tuesday, reinforcing the long-standing special relationship between the United Kingdom and the United States. The speech comes at a...

Trump Skeptical of Iran Hormuz Proposal as Nuclear Talks Stall

U.S. President Donald Trump and his national security team remain doubtful about Irans recent proposal to reopen the Strait of Hormuz while delaying discussions on its nuclear program, according to a Wall Street Journal...

White House Withdraws Trump’s National Park Service Nominee Amid Criticism

The White House has officially withdrawn President Donald Trumps nomination of Scott Socha to lead the National Park Service (NPS), more than two months after it was submitted to the U.S. Senate. The administration did not...

Trump Administration Dismisses Entire National Science Board, Sparking Debate Over Scientific Independence

The Trump administration has removed all members of the National Science Board, a major advisory group that oversees the National Science Foundation (NSF), according to statements from two former board members. The...

Trump Rejects Iran Proposal as War Tensions Push Oil Prices Higher

U.S. President Donald Trump has expressed dissatisfaction with Irans latest proposal aimed at resolving the ongoing two-month conflict, according to a U.S. official. The development has reduced hopes for a near-term...

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

Google Secures Pentagon AI Deal for Classified Projects

Alphabets Google has reportedly entered into an agreement with the U.S. Department of Defense to deploy its advanced artificial intelligence models for classified operations, according to a report by The Information citing...

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...

OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO

OpenAI is reportedly facing mounting pressure after missing key internal targets for both user growth and revenue, raising concerns about its ability to sustain aggressive spending plans. According to a Wall Street Journal...

Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results

Shares of Advantest Corp (TYO:6857) declined on Tuesday after the semiconductor equipment maker issued an annual outlook that fell short of market expectations, overshadowing its strong financial performance driven by...