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Oil in Global Economy Series

Oil in Global Economy Series: OPEC defector Ecuador to increase ceiling by 20,000 barrels per day

Aug 18, 2017 07:47 am UTC| Commentary

Last month Ecuador became the first country to move out of the OPEC agreement that was reached in November last year and was extended at a May OPEC/N-OPEC meeting until March next year with an aim to bring down the...

Oil in Global Economy Series

Oil in Global Economy Series: Saudi exports drop to 33-month low in June

Aug 18, 2017 07:22 am UTC| Commentary

According to data compiled by JODI, the crude oil exports of Saudi Arabia, which is the de-facto leader of OPEC and the biggest producer in the cartel has declined to the lowest level in 33 months in June. In June, Saudi...

US under Trump Series

US under Trump Series: Missouri Democratic senator hopes ‘Trump is assassinated’

Aug 18, 2017 05:40 am UTC| Commentary

It will not be an understatement to say that American politics have gone crazier than ever after the election of Donald Trump and the humiliating defeat of the Democratic Party, as well as the mainstream media houses, who...

Asian markets in red, gold slightly up

Aug 18, 2017 05:09 am UTC| Commentary

All the major Asian indices were trading on a lower note on last trading day of the week. Gold was trading around $1,287 mark while silver was trading around $16.96 mark. Japans Nikkei was trading 1.31 pct lower at...

FxWirePro: The Day Ahead- 18th August 2017

Aug 18, 2017 04:04 am UTC| Commentary

Not many economic data and events scheduled for today and all with low to medium volatility risks associated. Data released so far: China: House price index up 9.7 percent in July. Upcoming: Germany:...

USD/MXN likely to trade around 18.10 by end-2017, says Lloyds Bank

Aug 17, 2017 22:58 pm UTC| Commentary

The USD/MXN pair dropped below 18 for the first time since last August, noted Lloyds Bank in a research report. Yet there are indications that the currency pair is prepared to settle within its recent trading range of...

AUD/USD likely to pullback moderately in short term, pair to trade around 0.80 by end-2017 – Lloyds Bank

Aug 17, 2017 22:42 pm UTC| Commentary

The Australian dollar has gained positive momentum in the past month, briefly trading above 0.80, its highest level since May 2015, noted Lloyds Bank in a research report. The solid performance of global equity markets,...

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Economy

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...

Yen Strengthens as BOJ Signals Rate Hikes; Asian Currencies Slip Ahead of Fed Meeting

The Japanese yen strengthened on Tuesday after the Bank of Japan (BOJ) maintained its interest rates but hinted at potential rate hikes amid rising inflation risks. The USD/JPY pair declined by 0.2%, hovering near the 159...

Asian Stocks Mixed as BOJ Holds Rates, Oil Prices and Fed Outlook Weigh on Markets

Asian stock markets delivered a mixed performance on Tuesday as investors reacted to elevated oil prices, ongoing geopolitical tensions, and the Bank of Japans decision to keep interest rates unchanged. Market sentiment...

Oil Prices Rise Amid U.S.-Iran Tensions and Strait of Hormuz Deadlock

Oil prices moved higher during Asian trading on Tuesday as geopolitical tensions between the United States and Iran continued to weigh on global energy markets. The ongoing stalemate over the Strait of Hormuz, a critical...

Wall Street Futures Rise as Trump Discusses Iran’s Hormuz Strait Proposal and Tech Earnings Loom

Wall Street futures moved slightly higher on Monday evening after major U.S. stock indexes reached new record highs, reflecting cautious optimism among investors. SP 500 Futures climbed 0.2% to 7,217.0 points, while Nasdaq...

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...