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Sun, Apr 26, 2026 05:56 PM All times are UTC

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USD/KRW likely to trade around 1200 by end-2017, says Scotiabank

May 11, 2017 22:31 pm UTC| Commentary

The South Korean economy is one of the most open economies amongst its regional peers, and thus the South Korean won might continue to remain greatly volatile in the near term due to the shifts in global investor...

South Korean economy likely to expand 2.8 pct in 2017, BoK to remain on hold until Q2 2018 - Scotiabank

May 11, 2017 22:20 pm UTC| Commentary

The South Korean economy is indicating resilience to political and geopolitical turmoil. In the first quarter, the real GDP expanded 2.7 percent after a 2.4 percent growth in the fourth quarter of 2016. The nations output...

USD/ZAR likely to trade around 14.20 by end-2017, says Lloyds Bank

May 11, 2017 20:01 pm UTC| Commentary

The South African rand has been the most volatile emerging market currency pair in the last month as political risk continues to be high in South Africa. The USD/ZAR currency pair has moved between a wide range of 13.30...

Canadian new housing price index rises sequentially in March

May 11, 2017 19:53 pm UTC| Commentary

Canadas new housing price index rose sequentially in March, led by higher new house prices in Toronto and Vancouver. New house prices rose 0.2 percent sequentially in March and 3.3 percent on a year-on-year basis. On a...

Swedish inflation accelerates above central bank’s forecast in April

May 11, 2017 19:19 pm UTC| Commentary

Swedish inflation came in above the central banks projection for the month of April. The CPIF-inflation came in at 2 percent year-on-year, 0.2 percentage point above the central banks forecast. But there is no reason to...

Norway revises government budget, structural budget deficit estimated to be NOK 221 billion

May 11, 2017 18:35 pm UTC| Commentary Economy

As widely expected, Norway revised government budget. The revised government budget is expansionary and a bit more than assumed in the budget from last autumn, noted Nordea Bank in a research report. However, this is right...

German economy likely grew 0.7 pct sequentially in Q1, GDP to expand 2 pct this year

May 11, 2017 18:00 pm UTC| Commentary

The German economic growth data for the first quarter of 2017 is set to come out tomorrow. The GDP is expected to have expanded 0.7 percent sequentially in the March quarter, according to a Nordea Bank research report....

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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...