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Gold eases below $2,000 as greenback steadies ahead of FOMC minutes

Aug 19, 2020 06:58 am UTC| Commentary

Gold prices declined below $2,000 an ounce after rising to a 1-week peak in the previous session as the dollar steadied, while investors await minutes from the U.S. Federal Reserves last policy meeting. Spot gold was...

U.S. housing starts rise sharply above expectations in July

Aug 18, 2020 16:54 pm UTC| Commentary

U.S. housing starts rose sharply by 22.6 percent sequentially to 1.50 million units in July. The data for July succeeded market expectations of a rise of 5 percent to 1.24 million units. Furthermore, the data for June and...

Malaysian headline inflation strengthens slightly in July, BNM likely to cut OPR by 25 bps in September

Aug 18, 2020 13:10 pm UTC| Commentary

Malaysian headline inflation strengthened a bit on a sequential basis in the month of July. On a month-on-month basis, the consumer price inflation rose 0.7 percent, mainly driven by the Transport components, which...

Gold rallies to 1-week peak on weaker dollar

Aug 18, 2020 08:19 am UTC| Commentary

Gold prices rallied to a 1-week peak on the back of a weaker dollar, although a rally in U.S. equities and signs of a recovery in global economic activity limited upside. Spot gold was trading 1.1 percent higher at...

Gold nudges higher as investors remain cautious ahead of Fed minutes

Aug 17, 2020 07:38 am UTC| Commentary

Gold prices nudged higher, reversing some of its previous session losses as investors turned cautious ahead of the release of U.S. Federal Reserve minutes later this week. Spot gold was trading 0.3 percent higher at...

Polish GDP growth contracts in Q2 2020, economic growth likely to rebound q/q in Q3

Aug 14, 2020 18:36 pm UTC| Commentary

The Polish economy has fallen into its first technical recession since the beginning of its transition to a market economy in early nineties. Todays flash release of the GDP showed that the economy is estimated to have...

Canadian manufacturing sales rise sharply in June

Aug 14, 2020 17:53 pm UTC| Commentary

Canadas manufacturing sales rose 20.7 percent sequentially in June, coming in above the flash estimate of a rise of 16.8 percent. This follows a rise of 11.6 percent in May, but still leaves manufacturing sales levels 13.2...

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Economy

Gold Prices Rise as Oil Slump Eases Fed Rate Hike Fears

Gold prices climbed on Tuesday as a sharp decline in oil prices eased inflation concerns and reduced expectations for additional Federal Reserve interest rate hikes. A softer U.S. dollar and renewed hopes for diplomacy...

Oil Prices Rise as U.S.-Iran Talks Fuel Diplomacy Hopes

Oil prices moved higher in Asian trading on Tuesday, snapping a four-session losing streak as investors assessed the possibility of renewed U.S.-Iran talks during this weeks United Nations General Assembly in New York....

Vietnam, US Trade Deal Could Be Signed Soon, To Lam Says

Vietnam and the United States have made positive progress in negotiations toward a new trade agreement, with a deal potentially ready to be signed soon, Vietnamese leader To Lam said, according to a government statement...

Canada Unveils Bill to Fast-Track Major Resource Projects

Canada unveiled draft legislation on Monday aimed at accelerating approvals for major natural resource and infrastructure projects, as Prime Minister Mark Carney seeks to strengthen economic growth and reduce the countrys...

Yen Weakens as Dollar Gains on Widening US-Japan Rate Gap

The Japanese yen remained under pressure against a firm U.S. dollar on Tuesday as traders focused on the widening interest rate gap between Japan and other major economies following a hawkish shift among global central...

Politics

Macron, Trump Discuss Ukraine-Russia Energy Strike Moratorium

French President Emmanuel Macron said Monday that he discussed potential measures with U.S. President Donald Trump aimed at securing a moratorium on energy-related attacks between Ukraine and Russia, as diplomatic efforts...

Burnham Eyes UK Leadership Role in AI Ahead of Trump Meeting

British Prime Minister Andy Burnham will push for the UK to take a global leadership role in artificial intelligence on Tuesday as he makes his first major appearance on the international diplomatic stage at the United...

US Plans Two New Military Bases in Greenland Under Arctic Deal

The United States plans to expand its military presence in Greenland by reopening a Cold War-era base in the south and establishing operations at another site on the islands east coast, according to people familiar with a...

US, Denmark and Greenland Set to Sign Arctic Security Deal

Denmark, Greenland and the United States are set to sign a new Greenland security agreement on Tuesday that could expand the US military presence while placing broader Arctic security under NATO oversight. The signing is...

UK, Mauritius Seek Diego Garcia Base Deal

British Prime Minister Andy Burnham has pledged to work with Mauritius and the United States to resolve the dispute surrounding the strategically important Diego Garcia military base in the Indian Ocean. Burnham spoke with...

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

US Northeast Airports Resume Operations After Telecom Outage Disrupts Thousands of Flights

US airport operations across the Northeast began returning to normal on Monday after crews repaired telecommunications problems that had disrupted air traffic and contributed to thousands of flight delays and cancellations...

OpenAI Urges US-Led Global Standards for Frontier AI

OpenAI is calling for the United States to lead an international effort to establish technical standards for advanced artificial intelligence, as concerns grow over increasingly capable AI systems and the prospect of...

Meta Partners With Shopify to Bring Shop Pay Checkout to Muse AI

Meta Platforms CEO Mark Zuckerberg announced a new partnership with Shopify aimed at bringing agentic shopping and checkout capabilities to Metas recently launched Muse artificial intelligence platform. Zuckerberg said...

SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment

SoftBank Group Corp. has launched a major bond offering worth $10 billion and 1 billion to finance its latest investment in OpenAI, according to a term sheet released Monday. The Japanese technology investment group is...

Trump Plans Federal AI Force and AI Czar

U.S. President Donald Trump said Saturday that he plans to create a federal AI Force and appoint an artificial intelligence czar, outlining an effort to accelerate U.S. AI development while using existing laws to address...
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