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UK gilts recover as investors seek safe-haven assets amid rising risk of trade war

Jan 27, 2017 10:34 am UTC| Commentary

The UK gilts recovered Friday as investors sought safe-haven assets amid rising worries of a trade war, initiated by the United States, after President Donald Trump took office from January 20. Also, investors are now...

Sweden’s Economic Tendency Indicator shows confidence remains strong in January

Jan 27, 2017 09:51 am UTC| Commentary

Swedens confidence continues to stay high. The Economic Tendency Indicator continues to indicate towards a buoyant mood amongst both companies and consumers. The indicator dropped to 112 in January from 113.7 in December,...

German bunds rise modestly on subdued risk sentiments, investors eye Q4 GDP

Jan 27, 2017 09:24 am UTC| Commentary

The German government bunds traded modestly higher Friday as investors remain sidelined in any trading activity amid a calm and quiet session amid slight fall in equities. Also, markets are eyeing the release of fourth...

Germany’s December annual import price index rises to highest level since February 2012

Jan 27, 2017 09:07 am UTC| Commentary

Germanys import price index rose in December, coming in above consensus expectations. On a year-on-year basis, the index of import prices rose 3.5 percent in December, as compared with Novembers rise of 0.3 percent, noted...

Indian investors eye Union Budget’s scale of public capex spending, says DBS Bank

Jan 27, 2017 08:51 am UTC| Economy Commentary

Indian investors eye next week Union Budgets 2017-18 scale of public capex spending. On the other hand, with private sector investments still largely subdued, public spending needs to pick up part of the slack. Weak...

US under Trump Series

Mexican President Cancels Trump Meeting Following Border Wall “Bill”; US Will Initially Pay For Construction

Jan 27, 2017 07:50 am UTC| Commentary

On Thursday, Mexican President Enrique Pena Nieto canceled his plans to meet Donald Trump next week. BBC said Nieto made plans to meet the US president when Trump was still a presidential candidate. Nieto was supposed to...

Australia’s producer prices rise in Q4 2016

Jan 27, 2017 07:20 am UTC| Commentary

Australias prices continue to remain weak, showed the Australian Bureau of Statistics. In the fourth quarter of 2016, Australias producer price index was up 0.5 percent sequentially, as compared with the prior reading of...

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Economy

G20 Divided Over US Push to Curb Industrial Overcapacity

A U.S.-led effort to tackle excess industrial capacity and non-market economic policies failed to secure unanimous support from Group of 20 trade ministers, highlighting persistent divisions among the worlds major...

Fed’s Hammack Says More Data Needed Before Next Rate Move

Federal Reserve Bank of Cleveland President Beth Hammack said policymakers have time to review additional economic data before determining their next move on U.S. interest rates, signaling that the latest weak jobs report...

AI Agents Could Disrupt Financial Services, Bernstein Says

Consumer AI agents could reshape financial services by reducing customer inertia and making it easier to switch between financial products, although trust, data access and regulatory hurdles may slow adoption, according to...

Middle East Oil Exports Recover as Tanker Costs Surge

Middle East oil exports are moving closer to pre-war levels, but record tanker rates, vessel shortages and disruptions around major shipping routes continue to put pressure on global energy markets, according to PVM Oil...

Fed’s Logan Signals 50 Basis Points More in Rate Hikes

Dallas Federal Reserve President Lorie Logan said Thursday that U.S. interest rates may need to rise by at least another 50 basis points as inflation remains above the Federal Reserves 2% target, although surging Treasury...

Politics

Iran Faces Rising Pressure as U.S. Builds Military Presence

Iran is coming under intensifying economic and military pressure as the United States strengthens its forces in the Middle East while regional oil exports recover toward pre-war levels, according to Bloomberg. The Trump...

Trump Heads to Ohio to Boost Husted in Tight Senate Race

U.S. President Donald Trump will campaign in Ohio on Saturday as Republicans fight to retain their narrow congressional majority, with the states closely contested U.S. Senate race emerging as a key midterm battleground....

Trump Says Iran War Could End Soon After Midterms

U.S. President Donald Trump said the Iran war could end very soon, possibly shortly after the November midterm elections, as fighting intensified in Yemen and security threats persisted around the Strait of Hormuz....

US Waives Egypt Military Aid Conditions Over Iran War Role

The United States has waived human rights conditions tied to $320 million in military aid for Egypt, citing Cairos security cooperation and its role following the start of the US-led war against Iran. Secretary of State...

Tsai Ing-wen to Visit US for Stanford Security Conference

Former Taiwan President Tsai Ing-wen will travel to the United States next week to speak at a Stanford University technology and national security conference, marking her first U.S. visit since leaving office in 2024. Tsai...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

SoftBank Shares Fall After $10 Billion OpenAI Investment

SoftBank Group shares dropped sharply on Friday after the Japanese technology conglomerate completed the final portion of its latest OpenAI investment, lifting its total investment in the artificial intelligence company to...

Amazon Eyes $8 Billion Nvidia Chip Spinoff to Fund AI Expansion

Amazon is exploring a plan to transfer roughly $8 billion worth of advanced Nvidia artificial intelligence chips to outside investors as the technology giant looks for new ways to finance its rapidly expanding AI...

California AG Subpoenas OpenAI Over AI Cybersecurity Incidents

California Attorney General Rob Bonta served OpenAI with an investigative subpoena Wednesday, escalating a state investigation into cybersecurity incidents involving the artificial intelligence company and its models. The...

WordPress Malware Uses Ethereum to Evade Removal

Security researchers have uncovered a persistent WordPress malware strain that uses Ethereum infrastructure for command-and-control communications, making infected websites unusually difficult to clean. According to...

DogeOS Launches Testnet to Bring DeFi Apps to Dogecoin

DogeOS has launched a public testnet designed to bring Ethereum-style decentralized finance applications to Dogecoin, potentially expanding DOGEs utility beyond payments and price speculation. The Ethereum-compatible...