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Spanish retail sales jump in November at fastest pace in three months

Dec 28, 2016 10:06 am UTC| Commentary Economy

Retail sales in Spain jumped during the month of November, at the fastest pace in three months and broadly beating what markets had initially anticipated. Spanish retail sales growth was faster-than-expected pace in...

U.S. pending home sales likely to rise in November, recovery to continue into 2017

Dec 28, 2016 09:27 am UTC| Commentary Economy

Pending home sales in the United States are expected to have risen during the month of November, as consumers showcase positive reaction to the sharp changes in the value of real estate assets. Also, households have...

German bunds rise as investors cover previous short positions

Dec 28, 2016 08:52 am UTC| Commentary

The German bunds gained Wednesday as investors covered short positions, booked after the Federal Reserve raised interest rates for the first time this year and signalled at a faster hike in borrowing costs next...

JGBs narrowly mixed on disparate economic data; BoJ balances daily money market operations

Dec 28, 2016 07:16 am UTC| Commentary

The Japanese government bonds traded narrowly mixed Wednesday following stronger-than-expected retail sales, contrasted by a decline in consumer inflation and household spending. Also, long-term bonds traded marginally...

Japan retail sales post first gain in almost 9 months, widely beat market expectations

Dec 28, 2016 07:09 am UTC| Commentary Economy

Retail sales in Japan rebounded during the month of November, posting the first positive gain during the period and broadly beating what markets had initially anticipated. Retail sales in Japan were up a seasonally...

New Zealand bonds close flat in subdued trade, markets to resume from 2nd week of January

Dec 28, 2016 06:27 am UTC| Commentary

The New Zealand government bonds closed flat in thin Wednesday trading activity during a relatively quiet session that witnessed data of little significance. Also, trading activity to resume after New Year celebrations,...

Japan industrial production jumps to highest in five months, raise hopes of brighter Q4

Dec 28, 2016 06:01 am UTC| Commentary Economy

Industrial production in Japan jumped to its highest level in almost five months during the period of November, raising hopes of green shoots in the last quarter of this year. Broad expansion in the countrys export volumes...

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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...
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