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Oil in Global Economy Series

Oil in Global Economy Series: Oil forward curve review

Jan 19, 2017 06:13 am UTC| Commentary

In a previous article, named, Oil in Global Economy Series: Watch the contango and backwardation in oil market dated 10th December and available at http://www.econotimes.com, we suggested to our readers that the...

New Zealand bonds close marginally higher on short covering, December CPI data in focus

Jan 19, 2017 05:58 am UTC| Commentary

The New Zealand government bonds closed modestly higher Thursday as investors covered previous short positions. Also, investors await the release of the fourth-quarter consumer price inflation data, scheduled to be...

U.S. inflation reaches above 2 pct in December, energy prices to mainly drive inflation in 2017

Jan 19, 2017 05:49 am UTC| Commentary

The U.S. inflation reached a two-and-a-half year high in December. The consumer price index rose more than 2 percent for the first time since 2014 as consumers paid more for gasoline and shelter. The year-on-year rate came...

Australian bonds sag on Yellen’s hawkish comments, 10-year yields hit 2-week high

Jan 19, 2017 05:28 am UTC| Commentary

The Australian government bonds sunk Thursday, following overnight hawkish comments from the Federal Reserve Chair Janet Yellen, with the 10-year benchmark yields hitting 2-week high. However, investors remained unnerved...

Chinese economic growth likely to stabilize, Trump’s trade policies pose concern

Jan 19, 2017 05:22 am UTC| Economy Commentary

China will release its gross domestic product (GDP) figure for the last quarter of 2016 and fiscal year 2016 (FY16) on Friday. We expect that the worlds second-largest economy will maintain its economic growth at 6.7...

Philippines economy likely to grow at 6.4 pct in 2017, says DBS Bank

Jan 19, 2017 04:53 am UTC| Economy Commentary

Philippines economy is expected to grow annualised around 7 percent in 2016. National Statistical Coordination Board will release the gross domestic product (GDP) data for the last-quarter of 2016 on January 26. If the...

FxWirePro: The Day Ahead- 19th January 2017

Jan 19, 2017 04:22 am UTC| Commentary Economy Central Banks

Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Consumer inflation expectations rose to 4.3 percent in January. Unemployment...

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Economy

Scope Warns US Debt Could Hit 160% of GDP

Scope Ratings warned that the United States is becoming increasingly vulnerable to shifts in investor sentiment as persistent budget deficits drive government debt and interest costs higher. The European credit ratings...

Bank of America Sees EUR/USD at 1.15 by Year-End

Bank of America expects the euro to strengthen against the U.S. dollar over the coming year, forecasting EUR/USD will reach 1.15 by the end of this year before climbing to 1.20 by the end of 2027, according to a research...

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...

Politics

Flydubai FZ1073 Co-Pilot Accused of Terror Attack

The co-pilot of flydubai flight FZ1073 attempted to carry out a terrorist attack with a crash axe while the aircraft was flying to Israel, the United Arab Emirates prosecutor general said Saturday. The co-pilot was...

Merz to Meet ECB Frontrunners Knot and De Cos

German Chancellor Friedrich Merz is preparing to meet the two leading candidates to succeed European Central Bank President Christine Lagarde as negotiations over the ECBs future leadership gather pace, Bloomberg reported,...

Xi Rest Breaks Cut Trump Summit Schedule, WSJ Reports

Chinese President Xi Jinpings delegation requested extended rest periods during his recent Washington summit with U.S. President Donald Trump, reducing the time available for meetings between the two leaders, according to...

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....

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...