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New Zealand 10-year bond yields hit over 3-week low on safe-haven demand following global uncertainties

May 12, 2017 05:28 am UTC| Commentary Economy

The New Zealand 10-year bond yields hit over 3-week low on Friday as investors poured into safe-haven assets amid ongoing political and global financial uncertainties. At the time of closing, the yield on the benchmark...

Most Asian markets in red, gold stabilizes above $1,220 mark

May 12, 2017 05:21 am UTC| Commentary

All the major Asian indices were trading in a negative note on the last trading day of the week. Gold was trading around $1,226 mark while silver was trading around $16.38 marks. Japans Nikkei was trading 0.55 pct lower...

FxWirePro: The Day Ahead- 12th May 2017

May 12, 2017 04:54 am UTC| Commentary Economy Central Banks

Not many economic data and events scheduled for today but some with high volatility risks associated. Upcoming: Germany: HICP inflation readings for April will be released at 6:00 GMT, along with first quarter...

Australian bonds jump tracking firmness in U.S. Treasuries post rebound in producer prices

May 12, 2017 04:39 am UTC| Commentary Economy

The Australian government bonds jumped on the last trading day of the week, tracking U.S. Treasuries, following a positive rebound in the latters producer prices, released yesterday. Further, investors will be looking...

USD/BRL likely to trade at around 3.35 by end-2017

May 11, 2017 23:05 pm UTC| Commentary

The USD/BRL pair rose modestly in the past month given political uncertainty. In recent weeks, worries have increased that proposed pension legislation in Brazil might struggle in Congress. Other factors, such as lower...

New Zealand housing turnover softens in April, indicates easing housing market activity

May 11, 2017 22:57 pm UTC| Commentary

Certain of the latest REINZ figures elements appear pretty soft, but the broad take away is that New Zealands housing market activity is easing in a gradual fashion, noted ANZ in a research report. The seasonally adjusted...

BSP stands pat in May, likely to begin hiking rates in Q3 2017 - ANZ

May 11, 2017 22:45 pm UTC| Commentary Central Banks

As was anticipated, the Philippines central bank kept its interest rates on hold on Thursday. The interest rate corridor was also kept on hold at 2.50 percent, 3 percent and 3.5 percent since the formal adoption of the IRC...

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Economy

Gold Prices Surge at Start of 2026 as Weak Dollar and Rate-Cut Bets Fuel Demand

Gold prices jumped sharply during Asian trading on Friday, marking a strong start to 2026 after a historic rally last year. Renewed demand for bullion was driven by a weaker U.S. dollar and growing expectations that U.S....

Asian Currencies Trade Flat as Dollar Weakens in Thin New Year Trading

Most Asian currencies traded near flatline levels on Friday as the U.S. dollar edged lower in thin holiday trading at the start of the new year. Reduced market participation across the region kept trading volumes subdued,...

South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets

South Koreas won weakened on the first trading day of the year, slipping against the U.S. dollar despite renewed commitments from monetary and fiscal authorities to stabilize foreign exchange markets. The move highlights...

Asian Stock Markets Start New Year Higher as Tech and AI Shares Drive Gains

Asian stock markets opened the new year on a positive note on Friday, with technology and semiconductor stocks leading gains across the region, despite subdued trading volumes caused by holiday closures in major markets....

Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook

Oil prices edged slightly higher on Friday, marking a steadier start to 2026 after suffering their steepest annual decline since 2020. Investors are cautiously balancing renewed geopolitical tensions with expectations that...

Politics

Trump Warns U.S. Ready to Act if Iran Kills Protesters Amid Escalating Unrest

U.S. President Donald Trump on Friday issued a strong warning to Iran, saying the United States would intervene if Iranian authorities violently kill peaceful protesters during the countrys growing wave of unrest. In a...

Zohran Mamdani Sworn In as New York City Mayor, Pledges Bold Progressive Agenda

Democrat Zohran Mamdani was officially sworn in as New York Citys mayor on Thursday, marking the beginning of a new political era focused on affordability, social equity, and progressive reform in the nations largest city....

Xi Jinping to Host South Korean President Lee Jae Myung as China Seeks to Strengthen Seoul Ties

Chinese President Xi Jinping is set to host South Korean President Lee Jae Myung on a state visit beginning Sunday, highlighting Beijings strategic push to strengthen relations with Seoul amid heightened regional tensions...

Russia and Ukraine Trade Accusations Over New Year Attacks as Peace Talks Intensify

Russia and Ukraine accused each other of targeting civilians during New Year attacks, as the nearly four-year-old war continues amid renewed diplomatic efforts led by U.S. President Donald Trump. The latest exchange of...

Venezuela Frees More Detainees After 2024 Election Protests Amid Rising U.S. Pressure

Venezuelas government has released 88 additional people who were detained following protests that erupted after the countrys disputed July 2024 presidential election, marking the second large-scale release of detainees in...

Science

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Technology

Baidu Shares Surge as Company Plans Kunlunxin AI Chip Spin-Off and Hong Kong Listing

Baidu shares jumped sharply after the Chinese technology giant announced plans to spin off its artificial intelligence chip unit, Kunlunxin, and pursue a listing in Hong Kong. The move comes as domestic Chinese chipmakers...

Starlink Plans Satellite Orbit Reconfiguration in 2026 to Boost Space Safety

SpaceXs Starlink is preparing a major reconfiguration of its satellite constellation in an effort to improve space safety and reduce the risk of orbital collisions. According to Michael Nicolls, SpaceXs vice president of...

Samsung Signals Comeback With HBM4 Chips as AI Market Heats Up

Samsung Electronics is signaling a strong comeback in the high-bandwidth memory (HBM) market, as customers praise the competitiveness of its next-generation HBM4 chips. In a New Year address, co-CEO and head of the...

Google Accelerates AI Infrastructure With Ironwood TPU Expansion in 2026

Google (NASDAQ: GOOGL) is preparing for a major expansion of its AI infrastructure in 2026 as it moves its seventh-generation Tensor Processing Unit (TPU), known as Ironwood, into mass deployment. This next phase marks a...

Trump Administration Lifts Sanctions on Three Intellexa-Linked Executives

The administration of President Donald Trump has lifted U.S. sanctions on three executives previously linked to the controversial spyware consortium Intellexa, according to a notice published on the U.S. Treasury...