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Indonesia Q1 GDP growth disappoints as private consumption, investment remains broadly unchanged

May 05, 2017 06:58 am UTC| Commentary Economy

Indonesias first-quarter gross domestic product (GDP) disappointed markets with both private consumption and investment continuing to grow at the same pace as in the previous quarter. On the positive side, exports...

Global Geopolitics Series

Global Geo-political Series: Russia uses Theresa May’s EU meddling accusation to make mockery of accusation against itself

May 05, 2017 05:51 am UTC| Commentary

Earlier this week, the UK Prime Minister Theresa May accused the European Union of meddling in the UK general election. After leaks emerged from a high-profile meeting between the Prime Minister and the European Commission...

New Zealand bonds close lower following RBNZ’s upbeat inflation expectations

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

The New Zealand bonds ended Fridays session on a weaker note after the Reserve Bank of New Zealand (RBNZ) remained upbeat in its inflation expectations, released early in the day. Further, weakness in global debt market...

Australian bonds slide tracking U.S. Treasuries post upbeat economic data

May 05, 2017 05:39 am UTC| Commentary Economy

The Australian government bonds slid on the last trading day of the week, tracking weakness in the U.S. counterparts, following a series of strong economic data, released late Thursday. The fall in the number of initial...

FxWirePro call review: WTI downside target extended to $38 per barrel

May 05, 2017 05:37 am UTC| Commentary

In a previous article named, FxWirePro: Oil price might decline to $43 per barrel, available at http://www.econotimes.com/, we urged our readers to go short on crude on 25th of April at the then current rate of $49 per...

Asian markets in red ahead of NFP job data, gold slightly up $1,232

May 05, 2017 05:08 am UTC| Commentary

Most Asian indices were trading on a lower note on the last trading day of the week. The main event for the day is NFP job data. Gold was trading around $1,232 mark whilve silver was trading around $16.32 mark. Hong...

FxWirePro: The Day Ahead- 5th May 2017

May 05, 2017 04:37 am UTC| Commentary Central Banks Economy

Not many economic data and events scheduled for today but some with high volatility risks associated. Data released so far: New Zealand: RBNZ inflation expectation rose by 2.2 percent...

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Economy

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...

Asia Manufacturing PMI Rebounds as Exports and Tech Demand Drive Growth into 2026

Asias major manufacturing economies ended 2025 on a stronger note, as factory activity rebounded across several key markets, supported by rising export orders, renewed global demand, and new product launches. Purchasing...

Politics

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...

Bolsonaro Discharged From Hospital and Transferred to Prison After Medical Treatment

Former Brazilian President Jair Bolsonaro was discharged from a hospital in Brasília on Thursday and transferred back into custody to continue serving his prison sentence, according to local media and Reuters...

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

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...

Neuralink Plans Automated Brain Implant Surgeries and Mass Production by 2026

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