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Oil in Global Economy Series

Oil in Global Economy Series: OPEC April deal compliance review

May 17, 2017 11:12 am UTC| Commentary

In November last year, when OPEC members agreed to cut production for the first time since the Great Recession, it was welcomed with great optimism and oil price jumped more than 20 percent, from $45 per barrel to as high...

FxWirePro call review: FTSE100 reaches target at 7500; next target 8100

May 17, 2017 10:36 am UTC| Commentary

In April last year, we at FxWirePro suggested to our readers that the UKs benchmark stock index, FTSE100 which was then trading at 6320 that it might be aiming for 7000 mark in an article named, FxWirePro: FTSE may be...

Global Geopolitics Series

Global Geo-political Series: Trump-Erdogan hints at new era of relations

May 17, 2017 10:27 am UTC| Commentary

The US President Donald Trump met with his Turkish counterpart Recep Tayyip Erdogan in the White House on Tuesday and held meetings on a broad range of issues from terrorism to trade. Mr. Erdogan who was eager to find...

UK gilts bounce despite fall in March unemployment rate; investors eye April retail sales

May 17, 2017 10:26 am UTC| Commentary Economy

The UK gilts sharply bounced Wednesday despite a fall in the countrys unemployment rate for the month of March. Further, the release of retail sales, due on May 18, will provide further direction to the debt market. The...

German bunds gain slightly after Eurozone’s April core CPI matches expectations; ECB President Draghi’s speech in focus

May 17, 2017 09:33 am UTC| Commentary Economy

The German bunds slightly gained on Wednesday after reading the Eurozones consumer price inflation index (CPI) for the month of April, released today that matched consensus estimates. Investors are all looking forward to...

FxWirePro: Havens in demand as Trump administration struggles to fight media’s Russia allegations

May 17, 2017 09:28 am UTC| Commentary

As the Trump administration continues to fight media allegations of collusion with Russia or passing on sensitive information to Russia, the financial markets became jittery of the latest allegations. The Washington Times...

ECB likely to keep policy rates on hold until second half of 2018, says Lloyds Bank

May 17, 2017 08:51 am UTC| Commentary Central Banks Economy

The European Central Bank (ECB) is expected to continue with its current pace of asset purchases until the end of the year. It is further likely to communicate a reduction in asset purchases in 2018 at the September...

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Economy

U.S.-Iran Tensions Escalate as Strait of Hormuz Crisis Disrupts Global Oil Markets

Geopolitical tensions between the United States and Iran continue to intensify, significantly impacting global energy markets and international diplomacy. U.S. naval forces recently intercepted a sanctioned vessel, the M/V...

Canadian Dollar Outlook: Resilient Performance Driven by Oil Prices and Market Dynamics

The Canadian dollar (CAD) has demonstrated notable resilience among G10 currencies in recent weeks, even as domestic economic data shows signs of softness. According to Goldman Sachs, this strength comes despite...

U.S.-Iran Conflict Stalls as Diplomatic Efforts Collapse and Global Oil Tensions Rise

Hopes for a diplomatic breakthrough in the ongoing U.S.-Israel conflict with Iran have faded as negotiations remain stalled, prolonging uncertainty in global markets and geopolitics. Efforts to end the two-month conflict...

U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases

The U.S. Treasury Department has imposed new sanctions on Hengli Petrochemical (Dalian) Refinery Co., a major Chinese independent refinery, over its large-scale purchases of Iranian crude oil and petroleum products. The...

US Dollar Weakens as Iran Talks Boost Risk Appetite in Forex Market

The U.S. dollar edged lower on Friday as global investors shifted toward riskier assets, encouraged by renewed diplomatic signals between the United States and Iran. This movement in the forex market reflects growing...

Politics

Starmer Faces Political Pressure as Mandelson Appointment Controversy Impacts UK Markets

UK Prime Minister Keir Starmer has taken a firm stance amid growing backlash over his controversial decision to appoint Peter Mandelson as U.S. ambassador. Despite increasing political pressure and calls for resignation,...

White House Correspondents’ Dinner Shooting Raises New Security Concerns for U.S. Leaders

A shooting incident during the White House Correspondents Association dinner on Saturday night has reignited concerns about the safety and security of Americas top political figures amid rising political violence. The...

Taiwan Minister Visits Eswatini Amid Airspace Dispute and China Pressure Claims

Taiwans Foreign Minister Lin Chia-lung has arrived in Eswatini, reaffirming Taipeis determination to expand its global presence despite alleged interference from China. His visit comes shortly after Taiwan accused Beijing...

Russian Drone and Missile Strikes Devastate Dnipro, Killing 10 and Injuring Dozens

Russian forces launched a series of intense drone and missile attacks on the southeastern Ukrainian city of Dnipro, killing at least 10 people and injuring dozens in one of the most prolonged assaults in recent months. The...

Ukraine Marks 40 Years Since Chornobyl Disaster Amid Ongoing War Risks

Ukraine is commemorating the 40th anniversary of the Chornobyl nuclear disaster under the shadow of continued conflict with Russia, raising fresh concerns about nuclear safety in the region. The 1986 explosion at reactor...

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

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,...

$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion

Related Digital, a major data center developer, announced on Friday that it has secured $16 billion in financing to support the construction of a large-scale data center campus in Michigan. This significant investment...

U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation

The U.S. State Department has launched a global diplomatic effort to highlight what it describes as large-scale intellectual property theft by Chinese artificial intelligence companies. According to a diplomatic cable...

DeepSeek Launches V4 AI Models with Enhanced Reasoning and 1M Token Context Window

DeepSeek has unveiled preview versions of its latest open-source artificial intelligence models, marking a significant step forward in AI performance and reasoning capabilities. The new releases, DeepSeek-V4-Pro and...

Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure

Amazon (NASDAQ: AMZN) shares climbed around 2% শুক্রবার morning after Meta revealed a major expansion of its partnership with Amazon Web Services (AWS), signaling strong momentum in the growing artificial intelligence...