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New Zealand bonds gain at close as investors eye RBNZ policy decision, Gov Wheeler’s speech

Aug 07, 2017 06:25 am UTC| Commentary Economy

The New Zealand bonds gained at the time of closing Monday as investors wait to watch the Reserve Bank of New Zealands (RBZN) monetary policy decision scheduled to be unveiled on August 9. Further, the central bank...

JGBs remain flat ahead of 30-year auction amid silent trading session

Aug 07, 2017 06:04 am UTC| Commentary Economy

The Japanese government bonds traded flat at the start of the trading week Monday as investors wait to watch the countrys 30-year auction, scheduled to be held on August 8 amid a silent week that will witness no data of...

Australian bonds extend sell-off following higher risk appetite, firmer equities

Aug 07, 2017 04:19 am UTC| Commentary Economy

The Australian extended their sell-off Monday, tracking asimilar trend in U.S. Treasuries after the latters labour market report showcased some relief to the otherwise uninspiring set of economic data that weighed on the...

FxWirePro: The Day Ahead- 7th August 2017

Aug 07, 2017 04:11 am UTC| Commentary

Not many economic data and events scheduled for today but some with high volatility risks associated. Data released so far: Australia: ANZ job advertisements grew by 1.5 percent in...

U.K. industrial production growth likely remained flat sequentially in June

Aug 04, 2017 23:00 pm UTC| Commentary

Recently, the U.K. economy has softened slightly even if any downturns is unlikely anytime soon, noted Wells Fargo in a research report. The industrial production report is set to be released next Thursday that will show...

German industrial production growth likely to have slowed in June

Aug 04, 2017 22:59 pm UTC| Commentary

German Markit/BME manufacturing PMI slowed down slightly in July to 58.1 after reaching a series high of 59.6 in June 2017. The July print reversed a seven-month upward trend for the index. But, the index stayed solid and...

U.S. consumer credit growth likely to have slowed in June

Aug 04, 2017 22:40 pm UTC| Commentary

U.S. consumer credit growth is expected to have slowed in June after rising in May. Consumer credit in the month had risen USD 18.4 billion in May which was the largest rise seen so far this year. Revolving credit, which...

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Economy

U.S. and EU Strengthen Critical Minerals Partnership to Reduce China Dependence

The United States and the European Union have taken a major step toward strengthening their supply chains for critical minerals, aiming to reduce reliance on China and boost advanced manufacturing capabilities. On Friday,...

Global PCB Prices Surge Amid Middle East Conflict and Supply Chain Disruptions

The ongoing conflict in the Middle East is sending shockwaves through the global electronics industry, driving up prices of printed circuit boards (PCBs) and disrupting the supply of critical raw materials. PCBs are...

Asian Currencies Rise Ahead of BOJ and Fed Meetings as Dollar Softens

Asian currencies strengthened on Monday while the U.S. dollar edged lower, as investors shifted focus to upcoming policy meetings by the Bank of Japan (BOJ) and the Federal Reserve. Market sentiment remained cautious due...

BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance

The Bank of Japan (BOJ) is widely expected to keep interest rates unchanged at its April 28 policy meeting, maintaining the benchmark short-term rate at 0.75%. This would mark the third consecutive pause following a 25...

Asian Stock Markets Rally as Japan and South Korea Hit Record Highs Amid Oil Price Concerns

Asian stock markets opened the week on a positive note, with major indices in Japan and South Korea reaching record highs, supported by strong momentum from U.S. equities. However, gains across the region were tempered by...

Politics

US Envoy Urges Taiwan to Approve Defense Budget Amid Rising China Tensions

The United States top diplomat in Taiwan has called on the islands opposition-led parliament to approve a comprehensive defense budget, emphasizing the urgent need for advanced military systems such as integrated air and...

Erdogan Condemns White House Correspondents’ Dinner Shooting, Voices Support for Trump

Turkish President Recep Tayyip Erdogan expressed strong support for former U.S. President Donald Trump following a shocking shooting incident at the White House Correspondents Association dinner. According to an official...

Trump Gala Security Scare: Suspect Arrested After Attempted Attack on U.S. Officials

A dramatic security incident at a high-profile Washington gala has raised serious concerns about the safety of U.S. officials and the growing threat of political violence. Authorities arrested a 31-year-old suspect,...

Bennett and Lapid Form Alliance to Challenge Netanyahu in Upcoming Israel Election

Former Israeli prime ministers Naftali Bennett and Yair Lapid have announced a political alliance aimed at unseating Prime Minister Benjamin Netanyahu in the upcoming election expected later this year. The two rivals...

DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects

The U.S. Department of Justice has officially ended its investigation into Federal Reserve Chair Jerome Powell, a decision announced by U.S. Attorney Jeanine Pirro that could significantly impact the future leadership of...

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

DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals

Chinese artificial intelligence startup DeepSeek has significantly reduced pricing for its latest AI models, signaling a more aggressive push in the rapidly evolving AI services market. The company announced that it has...

Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case

A Taiwan court has imposed a significant penalty on the local subsidiary of Japan-based Tokyo Electron, highlighting the islands strict stance on protecting critical semiconductor technologies. The court fined the company...

DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips

DeepSeek, a fast-rising Chinese AI startup, has unveiled a preview of its highly anticipated V4 model, marking a major step toward Chinas technological independence. The new model, optimized for Huaweis Ascend chips,...

U.S. Warns Allies Over Alleged Chinese AI IP Theft Linked to DeepSeek

The U.S. State Department has launched a global diplomatic effort to highlight concerns over alleged intellectual property theft by Chinese artificial intelligence companies, including startup DeepSeek. According to a...

Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations

A U.S. federal judge has dismissed key fraud claims brought by Elon Musk in his high-profile lawsuit against OpenAI and its co-founder Sam Altman, marking a significant development in the ongoing legal battle. The ruling,...