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Singapore industrial production rises for 3rd straight month in October, albeit at a slower pace

Nov 25, 2016 07:14 am UTC| Commentary Economy

Industrial production in Singapore rose for the third straight month during the period of October, although at a much slower pace, compared to a year-ago period. However, it remained above what markets had initially...

Canada’s corporate profits rise sequentially in Q3 after four straight quarters of decline, likely to grow ahead

Nov 25, 2016 07:05 am UTC| Commentary

Canadas corporate profits rose in the September quarter after declining for four straight quarters. Profits were up 14 percent sequentially, whereas they continued to decline in year-on-year terms, falling 1.1 percent. The...

FxWirePro: The Day Ahead- 25th November, 2016

Nov 25, 2016 06:52 am UTC| Commentary Economy

Not many economic dockets and events scheduled for today but some with high volatility risks associated. Upcoming: United Kingdom: Nationwide house prices for November will be released at 7:00 GMT. Third quarter...

Swedish economic growth likely to have stayed flat at 0.5 pct sequentially in Q3, says Nordea Bank

Nov 25, 2016 06:48 am UTC| Commentary

Swedish economy stated off the third quarter with weak export and production readings; however, the hard data slowly improved and trends have been quite decent. The overall scenario is one of the increasing private...

Japanese 10-year bond yields hit highest in 9 months, following weakness in U.S. debt market

Nov 25, 2016 06:25 am UTC| Commentary

The Japanese 10-year bond yields hit highest in 9 months on Friday following a heavy sell-off in U.S. Treasuries. The benchmark 10-year bond yield, which moves inversely to its price, rose 2 basis points to 0.048...

Japan’s consumer inflation extends fall for 8th straight month, BoJ expects it to drop further

Nov 25, 2016 06:07 am UTC| Commentary Economy

The consumer inflation in Japan extended it fall for the eight consecutive month this year, declining for the longest streak since 2011 amid the Bank of Japans expectations for the crucial indicator to drop further in the...

New Zealand bonds close tad higher in quiet trading; OPEC decision to mould market movements

Nov 25, 2016 05:47 am UTC| Commentary

The New Zealand government bonds closed modestly firmer Friday, succumbing to thin trading activity during a relatively quiet session that witnessed data of little significance. The yield on the benchmark 10-year bond,...

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Economy

Iran Closes Strait of Hormuz Again After Brief Reopening, Rattling Global Energy Markets

Hopes for a restoration of normal energy shipping through the Strait of Hormuz collapsed within hours on Saturday after Iran reimposed tight restrictions on the vital maritime corridor, just a day after declaring it open....

Uranium Bull Market Gains Momentum Amid Supply Deficits and Geopolitical Tensions

The uranium market is entering a powerful new phase, with structural supply shortfalls and rising energy security concerns driving long-term bullish momentum. A recent special report from BCA Research confirms that the...

Energy Price Spike Won't Trigger Lasting Inflation, Analysts Say

A new report from BCA Research suggests that the recent surge in energy prices, driven by ongoing Middle East tensions, is unlikely to spark a prolonged period of runaway inflation in major global economies. According to...

Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions

Australia has extended its temporary easing of fuel-quality standards through September, as ongoing disruptions from the Iran war continue to strain the countrys fuel supply chains. Energy Minister Chris Bowen confirmed...

IMF Warns Middle East War to Deepen Economic Divide Across Latin America and Caribbean

The ongoing Middle East conflict is expected to widen economic inequality across Latin America and the Caribbean, according to the International Monetary Fund. While oil-exporting nations stand to gain short-term...

Politics

North Korea Fires Multiple Ballistic Missiles Amid Growing Nuclear Ambitions

North Korea launched several ballistic missiles toward the sea off its eastern coast on Sunday, according to South Korea and Japan, marking Pyongyangs seventh ballistic missile test this year and its fourth in April alone....

North Korea Fires Ballistic Missile Eastward Amid Rising Global Tensions

South Koreas Yonhap news agency reported on Saturday that North Korea launched an unidentified ballistic missile in an easterly direction. Military officials in Seoul are still analyzing the missiles type and flight...

U.S.-Iran Tensions Escalate as Hormuz Crisis Deepens Amid Ceasefire Strains

Fragile ceasefire negotiations between the United States and Iran are facing serious pressure after a dramatic weekend of escalating confrontations in and around the Strait of Hormuz. New reporting from the Wall Street...

Brazil, Spain, and Mexico Unite to Support Cuba Amid U.S. Blockade

During a high-profile international summit held in Barcelona, the leaders of Brazil, Spain, and Mexico came together to announce a strengthened commitment to providing coordinated humanitarian aid to Cuba. The meeting,...

UNICEF Condemns Killing of Aid Workers Delivering Water in Gaza

The United Nations childrens agency UNICEF has expressed outrage following the fatal shooting of two contracted truck drivers who were delivering clean water to families in the Gaza Strip. The deadly incident occurred on...

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

NVIDIA Acquisition Rumors Dismissed by Morgan Stanley as Strategically Flawed

Morgan Stanley analysts have moved to cool speculation that NVIDIA Corporation (NASDAQ: NVDA) is plotting a major acquisition of a U.S. PC original equipment manufacturer (OEM). According to the investment bank, such a...

Iran’s AI memes are reaching people who don’t follow the news – and winning the propaganda war

A Lego-style Iranian military commander raps over a gangster beat: Our inbox is flooded with Americans saying they dont watch the news. They listen to our songs instead since your media is full of shit. This is the opening...

OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push

OpenAI is reportedly set to spend over $20 billion with AI chip startup Cerebras over the next three years, marking a significant expansion of an already substantial computing partnership. According to The Information, the...

Tesla's Terafab: AI Chip Factory Eyes Taiwan's Semiconductor Talent

Tesla is actively recruiting semiconductor engineers in Taiwan for its ambitious Terafab project a fully vertically integrated AI chip manufacturing facility that aims to consolidate logic, memory, packaging, testing, and...

Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million

The Japanese government has announced plans to provide Sony with subsidies of up to 60 billion yen, equivalent to approximately $380 million, to support the construction of an image sensor manufacturing facility in...