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U.S. Treasuries surge ahead of 5-year auction, host of FOMC speeches

Aug 28, 2019 11:20 am UTC| Commentary Economy

The U.S. Treasuries surged during Wednesdays afternoon session ahead of the countrys medium-term 5-year auction, scheduled to be held today by 17:00GMT, besides, a host of speeches by Federal Open Market Committee (FOMC)...

German bunds gain ahead of August employment report, consumer price inflation

Aug 28, 2019 09:14 am UTC| Commentary Economy

The German bunds gained during European trading session Wednesday ahead of the countrys employment report for the month of August, scheduled to be released on August 29 by 09:40GMT and the consumer price inflation (CPI)...

BoK likely to leave policy rate unchanged at 1.50 pct, economic slowdown provide scope to cut rate again in October: Scotiabank

Aug 28, 2019 06:20 am UTC| Commentary Central Banks Economy

The Bank of Korea (BoK) is expected to leave its policy rate unchanged at 1.50 percent at its monetary policy meeting on Friday morning after delivering a 25 bp rate cut on July 18. However, South Koreas benign inflation...

FxWirePro: Asian markets slightly up, gold touches $1,544 mark in early Asia

Aug 28, 2019 04:15 am UTC| Commentary

All the major Asian indices were trading on a higher note on Wednesday. Gold was trading around $1,535 mark while silver was trading around $18.14 mark. Silver made intraday high at $18.32 mark and low at $18.04...

Australian construction work done falls for fourth consecutive quarter in Q2, likely to undermine GDP growth

Aug 28, 2019 04:01 am UTC| Commentary Economy

Australias construction work done fell for a fourth consecutive quarter in Q2. The contraction in residential activity accelerated, non-residential building activity dropped across both private and public sectors, and the...

Australian bonds jump amid trade war turmoil; U.S. Treasury yield curve continues inversion

Aug 28, 2019 03:54 am UTC| Commentary Economy

The Australian government bonds jumped during Asian session Wednesday amid turmoil of ongoing risks of trade war while the U.S. Treasury yield curve continued inversion, indicating red signals of plausible...

U.S. consumer sentiment index remains strong, likely to remain solid in coming months

Aug 27, 2019 19:17 pm UTC| Commentary

The U.S. Conference Boards index of consumer sentiment dropped just slightly to 135.1 in August from Julys 135.8. Consensus expectations were for the sentiment to fall to 129. The present situations index rose to the...

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Economy

India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures

Indias central government is set to present its annual budget on Sunday, a closely watched event as Prime Minister Narendra Modis administration seeks to accelerate domestic reforms while navigating rising global...

China Home Prices Rise in January as Government Signals Stronger Support for Property Market

Average prices of new homes across 100 major Chinese cities recorded an increase in January, while price declines in the secondary housing market continued to narrow, according to a private survey. The data suggests early...

South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years

South Koreas exports recorded a strong start to the year, rising for an eighth consecutive month in January and posting their fastest growth in four and a half years, driven largely by booming global demand for AI servers...

Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals

Russian stocks finished Saturdays trading session slightly lower overall, with the benchmark MOEX Russia Index closing unchanged at 0.00% in Moscow. Market sentiment remained cautious as investors weighed mixed...

China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook

Chinas factory activity contracted at the start of the year, highlighting persistent pressure from weak domestic demand despite continued policy support from Beijing. An official survey released on Saturday showed that...

Politics

Trump Says Fed Pick Kevin Warsh Could Win Democratic Support in Senate Confirmation

U.S. President Donald Trump has expressed confidence that his nominee to lead the Federal Reserve, Kevin Warsh, could secure votes from Senate Democrats during what is expected to be a closely watched and potentially...

Christian Menefee Wins Texas Special Election, Narrowing GOP House Majority

Democrat Christian Menefee has won a Texas special election for the U.S. House of Representatives, according to the Associated Press, a result that further tightens Republicans slim majority in the chamber. Menefees...

Trump’s Iraq Envoy Mark Savaya Ousted Amid U.S.-Iraq Tensions Over Iran Influence

Mark Savaya, who was named by U.S. President Donald Trump as special envoy for Iraq in October, is no longer serving in that role, according to multiple sources familiar with the decision. The reported removal comes at a...

Keir Starmer Urges Prince Andrew to Testify in U.S. Epstein Investigation

British Prime Minister Keir Starmer has called for former Prince Andrew to testify before a U.S. congressional committee following new revelations about his long-standing links to disgraced financier and convicted sex...

U.S. Government Enters Brief Shutdown as Congress Delays Funding Deal

The U.S. government entered a partial shutdown early Saturday after Congress failed to finalize a funding agreement before a midnight deadline, temporarily halting a range of federal operations. The shutdown officially...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

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...

Technology

Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate

Speculation around a potential Musk Inc has resurfaced as Elon Musks companiesSpaceX, Tesla, and xAIexplore closer ties amid rapid advances in artificial intelligence and automation. With SpaceX expected to go public later...

SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz

SpaceX delivered a strong financial performance last year, generating an estimated $8 billion in profit on revenues between $15 billion and $16 billion, according to people familiar with the companys results. The figures,...

SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom

SpaceX has revised its Starlink privacy policy to allow customer data to be used for artificial intelligence training, a move that could significantly support Elon Musks broader AI ambitions. The policy change comes as...

Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says

Nvidias ambitious plan to invest up to $100 billion in OpenAI, aimed at supporting the training and operation of next-generation artificial intelligence models, has reportedly hit a roadblock. According to a report...

Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI

A U.S. federal judge has signaled she may dismiss a high-profile lawsuit filed by Elon Musks artificial intelligence startup, xAI, against rival OpenAI, dealing a potential setback to Musk in an escalating legal battle...