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Currency snapshot (major pairs)

Nov 24, 2016 13:37 pm UTC| Commentary

Dollar index trading at 101.76 (-0.06%) Strength meter (today so far) Euro +0.08%, Franc +0.06%, Yen -0.58%, GBP +0.10% Strength meter (since last week) Euro -0.33%, Franc -0.82%, Yen -2.18%, GBP +0.97% EUR/USD...

Briferendum Aftermath Series

Briferendum Aftermath Series: OBR’s estimated cost of Brexit

Nov 24, 2016 12:54 pm UTC| Commentary Economy

The Office for Budget Responsibilities (OBR) has released its latest estimate of the cost of the Brexit on the UK economy in the autumn statement, which was read out before the House of Commons yesterday by the chancellor...

Canadian bonds sag on firm energy prices

Nov 24, 2016 12:50 pm UTC| Commentary

The Canadian government bonds slumped Thursday following firm crude oil prices. The yield on the benchmark 10-year bond, which moves inversely to its price, rose 4 basis points to 1.57 percent and the yield on short-term...

Brazil consumer confidence drops in November on concerns over labor market deterioration

Nov 24, 2016 12:41 pm UTC| Commentary Economy

Consumer confidence in Brazil dropped during the month of November, owing to concerns over the countrys deteriorating labor market. Also, the indicator ended a cycle of six consecutive months of increases. Brazils main...

Central Banking Series

Central Bank of Turkey hikes repo rate for first time since early 2014

Nov 24, 2016 12:25 pm UTC| Commentary Central Banks

The Turkish central bank, Central Bank of the Republic of Turkey (CBRT) hiked its repo rate during its monetary policy meeting today for the first time since early 2014. The CBRT raised the interest rate by 50 basis points...

Key takeaways from UK autumn statement

Nov 24, 2016 12:16 pm UTC| Commentary Economy

United Kingdoms chancellor of exchequer Phillip Hammond delivered the much-awaited autumn budget statement yesterday. In case you have missed it, here are the key takeaways from the statement, UKs economic growth is...

USD/RUB likely to trade around 64 by end-2016 and 62 by end-2017, says Lloyds Bank

Nov 24, 2016 12:08 pm UTC| Commentary

The USD/RUB currency pair continues to stay within its multi-month range; however, recently, the pair has tested both the upper and lower bounds, noted Lloyds Bank in a research report. As crude prices rose, after the...

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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...