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U.S. industrial production grows considerably above expectations in April

May 16, 2017 15:12 pm UTC| Commentary

The U.S. industrial production grew considerable in April, coming in above consensus expectations. Industrial production rose 1 percent sequentially, as compared with consensus projections of 0.4 percent. There were strong...

Singapore April NODX likely to register robust expansion of 14.8 pct y/y, says DBS Bank

May 16, 2017 10:42 am UTC| Commentary Economy

The headline non-oil domestic exports figure for April is likely to register a robust expansion of 14.8 percent y/y. While this is a moderation from the average pace of about 19 percent in February-March period, it is a...

UK gilts decline after reading higher-than-expected April CPI; investors await April retail sales

May 16, 2017 09:57 am UTC| Commentary Economy

The UK gilts declined Tuesday after reading the countrys higher-than-expected consumer price inflation (CPI), for the month of April. Further, the release of retail sales, due on May 18, will provide further direction to...

German bunds continue downtrend after Eurozone Q1 GDP matches expectations; all eyes on April CPI

May 16, 2017 09:29 am UTC| Commentary Economy

The German bunds continued to fall Tuesday after Eurozones first quarter gross domestic product (GDP), released today, matched consensus estimates. Investors are all looking forward to the Eurozones April consumer price...

EUR/CZK likely to gradually decline to 25.50 by the end-2017, says Commerzbank

May 16, 2017 08:18 am UTC| Commentary Economy

The EUR-CZK spot exchange rate has declined sharply over the past week, breaking below the 26.50 low it set on 10 April, a few days after CNB abandoned its FX floor. A few factors were responsible. First, the Czech...

Australia weekly consumer confidence resumes downtrend on weakness in long-term economic expectations

May 16, 2017 06:26 am UTC| Commentary Economy

Australias weekly consumer confidence index started to decline again, following a downbeat view from households on their long-term economic expectations. The latest headline consumer confidence index dropped sharply,...

New Zealand bonds gain at close tracking U.S. Treasuries ahead of GDT price auction

May 16, 2017 05:50 am UTC| Commentary Economy

The New Zealand bonds closed on the upside Tuesday tracking firmness in the United States counterparts as investors wait to watch the GlobalDairyTrade (GDT) price auction, scheduled to be held later today for further...

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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

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 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...
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