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UK gilts jump after BoE downgrades growth and inflation forecasts at its monetary policy meeting

Aug 03, 2017 11:29 am UTC| Commentary Economy

The UK gilts jumped Thursday after the Bank of England (BoE) downgraded its growth and inflation forecasts of the economy, while maintaining the Bank rate unchanged at 0.25 percent at its monetary policy meeting held...

Italy’s economic growth to remain at 1 pct in 2017, fall to 0.7 pct next year: NORD/LB Bank

Aug 03, 2017 10:39 am UTC| Commentary Economy

The leading universal bank in the north of Germany, NORD/LB in its latest report said that the Italian economy is still not exactly in the best of the condition. The relevant sentiment indicators polled by Italys National...

Pound firms ahead of BoE decision

Aug 03, 2017 10:10 am UTC| Commentary Central Banks

Its is a Thursday and its a super one, thanks to Bank of Englands (BOE), mega releases and events. Today Bank of England (BOE) will announce its regular monetary policy along with minutes. What makes today special is...

RBNZ likely keep official cash rate unchanged next week, hike by August 2018: Westpac Research

Aug 03, 2017 09:53 am UTC| Commentary Central Banks Economy

The Reserve Bank of New Zealand (RBNZ) is expected to hold its August interest rate setting meeting on Thursday, August 10, but it will be released on Wednesday at 2100 GMT. An Australian bank and financial-services...

Eurozone periphery bonds trade lower tracking higher-than-expected June retail sales

Aug 03, 2017 09:36 am UTC| Commentary Economy

The Eurozone periphery bonds traded lower Thursday tracking a higher-than-expected reading of the regions retail sales for the month of June. However, a 6-month low composite PMI for July cushioned deeper fall in bond...

Brazilian President survives prosecution vote

Aug 03, 2017 09:25 am UTC| Commentary

Brazilian President Michel Temer, who came to power after President Dilma Rousseff was impeached and removed from office in August 2016, has survived a crucial impeachment vote, which has threatened his Presidency since...

Key highlights from WGC’s gold demand trend report

Aug 03, 2017 09:01 am UTC| Commentary

World Gold Council (WGC) has published its quarterly demand trend report today and here are the key highlights from that report, Jewelry demand: Q2 gold demand of 953.4 tons was 10 percent lower than 2016, while...

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Economy

Oil Prices Surge as U.S.-Iran Tensions Fuel Supply Fears

Oil prices jumped on Thursday as escalating U.S.-Iran tensions revived concerns over Middle East supply disruptions, with reports suggesting Washington is preparing to deploy additional forces to the region. Brent crude...

Wall Street Edges Higher as Treasury Yields Retreat

Wall Street opened October with modest gains on Thursday as falling U.S. Treasury yields helped offset a sharp rise in oil prices and renewed concerns over inflation. The SP 500 gained 0.3% to close at 7,670.36, while the...

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...

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...

Oil Prices Steady as Middle East Crude Flows Recover

Oil prices were largely stable in Asian trading on Thursday as investors assessed recovering Middle East crude exports against persistent risks to regional supplies and uncertainty surrounding Iran-U.S. ceasefire talks....

Politics

US Waives $320M Egypt Military Aid Conditions After Iran War Role

The United States has waived human rights conditions tied to $320 million in military aid for Egypt, citing Cairos national security importance and its helpful role following the launch of the US-led military campaign...

TRUMP Memecoin Launches New Dinner Contest

TRUMP memecoin organizers have launched a new holder contest offering access to a gala dinner featuring U.S. President Donald Trump, marking the projects third event linking token ownership with presidential access. The...

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...

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

WordPress Malware Uses Ethereum to Evade Removal

Security researchers have uncovered a persistent WordPress malware strain that uses Ethereum infrastructure for command-and-control communications, making infected websites unusually difficult to clean. According to...

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...
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