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Japanese economic growth likely to have slowed down in Q2

Aug 08, 2019 18:33 pm UTC| Commentary

The Japanese second quarter GDP growth data is set to release tomorrow. According to a DBS Bank research report, the headline growth is likely to have slowed down to 0.6 percent on a quarter-on-quarter basis from 2.2...

Philippine central bank cuts interest rate by 25 bps to 4.25 pct, likely to cut further by 25 bps in Q4

Aug 08, 2019 16:14 pm UTC| Commentary Central Banks

The Philippine central bank, BSP, lowered its Overnight Repurchase Rate by 25 basis points to 4.25 percent today, as was widely anticipated. The BSP cited that prospects for global economic activity are likely to remain...

Singaporean retail sales fall more than expected in June, outlook remains soft in H2 2019

Aug 08, 2019 13:46 pm UTC| Commentary

Singaporean retail sales dropped more than anticipated in June. On a year-on-year basis, retail sales dropped 8.9 percent, owing to the drag from auto sales again. Sequentially, retail sales fell 2.2 percent. Auto sales...

Philippine economy grows below market expectations in Q2 2019, growth likely to bounce-back in H2

Aug 08, 2019 12:57 pm UTC| Commentary

Philippine economic growth came below market expectations in the second quarter. On a year-on-year basis, the GDP grew 5.5 percent, the softest since the first quarter of 2015. Domestic demand growth dropped to 2.6 percent...

USD/INR likely to consolidate around 71 on back of RBI smoothing excessive rupee movements, says Scotiabank

Aug 08, 2019 07:24 am UTC| Commentary Economy

The USD/INR currency pair is expected to consolidate around 71 for now, on the back of the RBI smoothing excessive rupee movements with fluctuating foreign reserves. In the medium term, the INR will likely recoup some of...

FxWirePro: Asian markets noticeably up, gold trades flat at $1,500 mark

Aug 08, 2019 04:37 am UTC| Commentary

All the major Asian indices were trading on a higher note on Thursday. Gold was trading around $1,500 mark while silver was trading around $17.12 mark. Japans Nikkei was trading 0.40 pct higher at 20,598.55...

RBI cuts policy repo rate by 35 bps to 5.40 pct, likely to cut further by 50 bps

Aug 07, 2019 11:37 am UTC| Commentary Central Banks

The Reserve Bank of India cut its policy repo rate by 35 basis points to 5.40 percent today, maintaining the accommodative stance. The MPCs vote was unanimous. However, it was split 4-2 in favour of a 35 basis points cut...

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Economy

Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors

Asian share markets opened the week on a cautious note, largely tracking weaker Wall Street futures, as extreme volatility in silver prices and a packed global economic calendar unsettled investors. The sharp moves in...

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...

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

Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand

Nvidia CEO Jensen Huang praised and gently pushed Taiwans leading technology suppliers to ramp up production, highlighting the intense global demand for artificial intelligence hardware during a high-profile visit to the...

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...