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Oil in Global Economy Series

Oil benchmarks rise as non-OPEC reaches agreement

Dec 12, 2016 04:13 am UTC| Commentary

The global oil benchmarks, the North Sea Brent (Brent) and the West Texas Intermediate (WTI) have reached the highest level in more than 16 months as non-OPEC countries officially reached a production cut agreement over...

FxWirePro: The Day Ahead- 12th December, 2016

Dec 12, 2016 03:33 am UTC| Commentary

Few economic dockets and events scheduled for today and all with low to medium volatility risks associated. Data released so far: United Kingdom: Right move house prices declined by 2.1 percent on a monthly basis,...

Chart of the Day Series

Chart of the day: Trumpflation in Mexico

Dec 09, 2016 18:49 pm UTC| Commentary Economy

Since Donald Trump won the US Presidential election in 2016 November, Mexico, which has been a major target of Mr. trump throughout the campaign got hit by Trumpflation effects. According to this chart from Bloomberg, the...

German SME business sentiment declines slightly in November - KfW

Dec 09, 2016 17:27 pm UTC| Commentary

The mood among broad parts of the large enterprise sector is nearly identical. In November their expectations dropped by 2.6 points to 9.8 balance points. Both the magnitude of the decline and the level of the expectation...

Bank of England survey shows sharp rise in 2017 UK inflation expectations

Dec 09, 2016 16:05 pm UTC| Commentary Economy

A Bank of England (BoE) survey published on Friday showed that Britons expected to see higher inflation and interest rates in 2017. Slump in the value of sterling after Britains vote to leave the European Union is seen as...

UK Q3 construction output revised to show less sharp decline, little impact seen on Q3 GDP

Dec 09, 2016 15:31 pm UTC| Commentary

The UK construction industry suffered a surprise slowdown in October, data from the Office for National Statistics showed on Friday. Construction figures showed output in the sector dropped by 0.6 percent in October...

European indices on track for best weekly rally since Feb, surprising dovish ECB taper buoys

Dec 09, 2016 15:04 pm UTC| Commentary Central Banks

ECBs surprising dovish taper announcement on Thursday triggered rally across European equity markets. The European indices remain on track for its best week since February, having reached its highest level in 11 months...

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Economy

Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe

Disruptions to global oil supplies linked to the Iran conflict are driving a sharp increase in jet fuel prices, adding significant costs to air travel across Europe. According to analysis from campaign group Transport ...

UK Wage Growth Slows to 3.6% as Inflation Pressures Complicate Bank of England Outlook

British wage growth showed signs of cooling, though not as sharply as analysts had anticipated, according to the latest data from the Office for National Statistics (ONS). Regular pay, which excludes bonuses, rose by 3.6%...

US-Iran Peace Talks Fuel Market Optimism Amid Ongoing Tensions

The United States has expressed renewed confidence that peace talks with Iran could resume soon in Pakistan, raising hopes of easing geopolitical tensions that have disrupted global energy markets. A senior Iranian...

Asian Currencies Stay Range-Bound as Dollar Holds Steady Ahead of Fed Nominee Hearing

Asian currencies traded within a narrow range on Tuesday as geopolitical uncertainty surrounding potential U.S.-Iran peace talks kept investors cautious. With a temporary ceasefire set to expire later this week, traders...

Gold Prices Slip Amid Iran Tensions and Fed Chair Uncertainty

Gold prices edged lower during Asian trading on Tuesday as investors weighed geopolitical risks and monetary policy uncertainty. The precious metal remains range-bound, with traders closely monitoring developments...

Politics

Pakistan Halts $1.5 Billion Sudan Arms Deal After Saudi Arabia Withdraws Support

Pakistan has reportedly paused a $1.5 billion defense deal to supply weapons and fighter jets to Sudan after Saudi Arabia withdrew financial backing and urged Islamabad to abandon the agreement. According to Pakistani...

UN Secretary-General Race 2027: Key Candidates Competing to Replace Antonio Guterres

The race to select the next United Nations Secretary-General is gaining momentum as global leaders position themselves for the top diplomatic role. The 10th UN chief will assume office on January 1, 2027, for a five-year...

Philippines Says U.S. Access to EDCA Bases Limited by Land Issues and Delays

Philippine Defense Secretary Gilberto Teodoro has revealed that the use of military bases accessible to the United States under the Enhanced Defense Cooperation Agreement (EDCA) remains limited, citing unresolved land...

Trump Maintains Iran Naval Blockade as Ceasefire Deadline Nears

U.S. President Donald Trump announced that the naval blockade against Iran will remain in force until a formal agreement is reached with Tehran, adding uncertainty ahead of a looming ceasefire deadline later this week. In...

Gaza Violence Continues Despite Ceasefire as Israeli Strikes and Clashes Escalate

Israeli airstrikes in the Gaza Strip killed at least five Palestinians on Monday, according to Palestinian health officials, highlighting ongoing violence despite a fragile ceasefire agreement. The incidents occurred in...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows

SpaceX President and Chief Operating Officer Gwynne Shotwell earned $85.8 million in total compensation last year, according to details from the companys S-1 filing, positioning her among the highest-paid executives in the...

John Ternus Signals Apple’s Future with Product-First AI Strategy

Apples incoming CEO John Ternus is already shaping expectations for the companys future, and his stance on artificial intelligence reveals a clear direction. Unlike competitors such as Microsoft and Google, which are...

Jeff Bezos Eyes $10 Billion Funding Round for AI Venture Project Prometheus

Jeff Bezos is reportedly closing in on a massive fundraising deal for his artificial intelligence startup, signaling a major move in the rapidly expanding AI industry. According to a Financial Times report citing sources...

Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO

Apple (NASDAQ: AAPL) shares slipped more than 1% in after-hours trading Monday following a surprising leadership transition announcement. The tech giant revealed that longtime CEO Tim Cook will move into the role of...

Amazon Expands AI Bet with Up to $25 Billion Investment in Anthropic

Amazon is significantly deepening its artificial intelligence strategy by announcing a new investment of $5 billion in AI firm Anthropic, with the potential to reach up to $25 billion based on performance milestones. This...