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Canadian retail sales remain unchanged in June, household debt levels likely to dampen consumer spending growth

Aug 23, 2019 14:11 pm UTC| Commentary

Canadas retail sales stayed almost the same in June. Sequentially, retail sales remained almost unchanged, following a 0.2 percent fall in May. The release came above consensus expectations of a fall of 0.3 percent. In...

New Zealand retail sales volumes rise slightly below expectations in Q2 2019

Aug 23, 2019 13:03 pm UTC| Commentary

New Zealand retail sales volumes rose in the second quarter, rising 0.2 percent quarter-on-quarter. This was below market expectations of 0.3 percent. On a year-on-year basis, retail sales eased to 2.9 percent. Core retail...

FxWirePro: Asian markets mixed, gold stabilizes below $1,500 mark

Aug 23, 2019 05:02 am UTC| Commentary

All the major Asian indices were trading on a mixed note on Friday. Gold was trading around $1,494 mark while silver was trading around $16.97 mark. Japans Nikkei was trading 0.25 pct higher at 20,680.50...

Norwegian Q3 oil investment show solid growth in oil investment in 2019 and moderate in 2020

Aug 22, 2019 16:54 pm UTC| Commentary

The Norwegian third quarter oil investment survey indicates towards solid oil investment growth this year and about flat in 2020. This is close to Norges Banks view. The third quarter oil investment surveys 2019 figures...

Swedish jobless rate rises above expectations in July, employment rate falls

Aug 22, 2019 14:19 pm UTC| Commentary

Swedish jobless rate, on a seasonally adjusted basis, came in at 7.1 percent in July, much higher than anticipated. Employment dropped on the month by 0.7 percent sequentially and fell 0.8 percent year-on-year. The...

Euro area’s flash PMIs rebound mildly in August, but economy remains weak

Aug 22, 2019 12:28 pm UTC| Commentary

The recovery in the euro area PMIs was mildly positive news; however, the details continue to be worrying. The economy is quite weak to generate significant inflation pressures, which means the ECB needs to do more. The...

Bank Indonesia cuts policy rate by 25 bps, likely to further lower rate by 50 bps by end-2019

Aug 22, 2019 11:30 am UTC| Commentary Central Banks

Bank Indonesia lowered its 7-day reverse repo rate today by 25 basis points to 5.50 percent, marking the second consecutive month it cut its policy rate. In spite of the rise in the USD/IDR in recent weeks, the central...

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Economy

India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations

Indias latest Union Budget placed manufacturing firmly at the center of its economic strategy, prioritizing key sectors such as semiconductors, biopharma, electronics, renewables, and capital goods. While the government...

Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry

British Prime Minister Keir Starmers recent visit to China underscores the complex balancing act Western middle powers are attempting as rivalry between Beijing and Washington intensifies. While the trip allowed China to...

U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data

U.S. stock futures edged lower on Sunday evening as investors adopted a cautious stance ahead of a busy week filled with major corporate earnings and crucial economic data. The pullback follows weakness in technology...

South Korea Factory Activity Hits 18-Month High as Export Demand Surges

South Koreas manufacturing sector showed its strongest momentum in nearly a year and a half in January, driven by a sharp rebound in export demand and improving business confidence, according to a private sector survey...

UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist

British businesses are most likely to raise employee pay by between 3% and 3.49% this year, according to a new survey, highlighting ongoing concerns for the Bank of England as it works to return inflation to its 2% target....

Politics

Peter Mandelson Resigns from Labour Party Amid Renewed Jeffrey Epstein Links

Former British government minister Peter Mandelson has resigned from Prime Minister Keir Starmers Labour Party following renewed media scrutiny over his past connections to disgraced U.S. financier Jeffrey Epstein. The...

Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns

Japans ruling Liberal Democratic Party (LDP), led by Prime Minister Sanae Takaichi, is poised for a decisive victory in the upcoming lower house election, according to a new opinion poll released by the Asahi newspaper....

U.S. Accuses Cuba of Harassing Top Diplomat Amid Rising Tensions

The United States has accused Cuba of interfering with the work of its senior diplomat in Havana after videos emerged showing small groups of Cubans verbally harassing him during visits outside the capital. The incident...

Democrats Score Surprise Texas State Senate Win, Fueling Momentum Ahead of 2026 Midterms

A Democratic candidate has won a closely watched Texas state senate special election by a double-digit margin, flipping a Republican-held seat for the first time in decades and adding to growing Democratic momentum ahead...

Trump Proposes Two-Year Shutdown of Kennedy Center Amid Ongoing Turmoil

President Donald Trump has proposed that the John F. Kennedy Memorial Center for the Performing Arts suspend all events for approximately two years, beginning July 4, as part of what he described as a major transformation...

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

Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure

Oracle has announced plans to raise between $45 billion and $50 billion in 2026 as it accelerates the expansion of its cloud infrastructure to meet surging demand from major technology and artificial intelligence clients....

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...