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Mon, Oct 05, 2026 08:56 PM All times are UTC

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Asian markets in red, gold slips below $1,270 mark

Oct 27, 2016 03:52 am UTC| Commentary

Most Asian indices were trading on a negative note on Thursday. Gold was trading around $1,266 mark and silver was trading around $17.57 marks. South Koreas Kospi was trading 0.24 percent higher at 2,018.36...

U.S. trade deficit narrows in September, but weak consumer goods imports pose downside risk to outlook

Oct 27, 2016 03:19 am UTC| Commentary

U.S. trade deficit narrowed in September, owing to weak imports. The nominal goods trade deficit narrowed sharply to USD 56.1 billion in September, as compared with projections of widening to USD 60.5 billion. In August,...

U.S. service sector activity improves significantly in October

Oct 27, 2016 03:18 am UTC| Commentary

The U.S. service sector improved significantly in the October, showed the survey data. The seasonally adjusted Markit Flash U.S. Services PMI rose to 54.8 in October from 52.3 in September. The business activity index...

Chart of the Day Series

Chart of the Day: OPEC production

Oct 26, 2016 16:09 pm UTC| Commentary

This chart from our own house shows the levels of OPEC production at members levels. Saudi Arabia is the leading producer with more than 31 percent share, followed by Iraq with a little more than 13 percent and Iran with a...

Norges Bank likely to stay pat, no change expected in rate path

Oct 26, 2016 15:12 pm UTC| Commentary

Norges Bank is set to publish its rate decision on Thursday, 27 October and it is widely expected to keep rates on hold at 0.5 percent. No change to the rate path is expected, and the press release will probably indicate...

Commodities snapshot (precious & industrial)

Oct 26, 2016 14:53 pm UTC| Commentary

Metal pack is down today. Performance this week at a glance in chart table - Gold: Gold is marginally down today as selling pressure remains. Todays range $1262-1272 We expect gold to reach $1520 Gold is...

Singapore’s robust industrial production data for September likely to boost 3Q16 GDP

Oct 26, 2016 14:35 pm UTC| Commentary

Singapores industrial production growth in September exceeded market expectations. September industrial production surprised on the upside, printing a robust 6.7 percent y/y (+3.3 percent m/m sa), beating consensus at +1.0...

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Economy

Oil Prices Fall as Middle East Exports Recover, G7 Eases Supply Fears

Oil prices fell in volatile Monday trading as recovering Middle East crude exports, a G7 emergency reserve release and renewed fighting in Yemen eased some concerns over global supply disruptions. Brent crude futures for...

Wall Street Rises as Oil Prices Ease, Nasdaq Hits Record

Wall Street closed higher Monday as easing oil prices and gains in materials and communication services helped stocks withstand another sharp sell-off in global bonds. The SP 500 gained 0.7% to 7,777.31, putting the...

China Shuts 670 Banks as Bitcoin Eyes Financial Risks

China is accelerating a sweeping cleanup of its banking sector, closing or absorbing a record 670 lenders in the latest yearly count as regulators target financially weak institutions. According to Fitch Ratings, China now...

Ukraine Faces $56 Billion Budget Gap as War Costs Soar

Ukraine is confronting a deepening budget crisis as Russian attacks cripple major industries, reduce tax revenues and drive the cost of fighting the war sharply higher. Kryvyi Rih, the hometown of President Volodymyr...

Thailand Plans Dual-Class Shares to Revive IPO Market

Thailands Stock Exchange plans to introduce a dual-class share structure by 2027, aiming to attract more companies to the countrys struggling IPO market while allowing founders to retain greater control over their...

Politics

ISIS Attack Near Kirkuk Kills Iraqi Policeman After US Withdrawal

At least one Iraqi federal police officer was killed and four others were wounded Monday after Islamic State militants attacked a security position southwest of Kirkuk, according to two security sources. The assault...

Trump Offers US Help to Russia After Plague Lab Worker Dies

US President Donald Trump said Monday that the United States is prepared to help Russia following the death of a laboratory worker at a plague research institute in Siberia, an incident that has triggered public health...

Cuba Says US Contacts Continue but Formal Talks Remain Stalled

Cuba and the United States continue to maintain communication channels, but no formal negotiations are currently underway as President Donald Trump intensifies pressure on Havana, according to Cubas top diplomat in...

Russian Bombs Kill Six, Injure Nearly 60 in Kharkiv

Russian bombs struck residential districts in Kharkiv on Monday, killing six people and injuring nearly 60 others as Moscow continued attacks across several Ukrainian cities, regional officials said. Oleh Syniehubov,...

US Army Tests Counter-Drone Technology Along Mexico Border

The US Army is testing advanced counter-drone technology along the US-Mexico border as it works to strengthen defenses against drones used by criminal cartels while drawing lessons from the Ukraine-Russia war. During the...

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

Meta and Microsoft Cut Internal Claude AI Use

Meta Platforms and Microsoft are reducing their internal reliance on Anthropics Claude AI models as both technology giants encourage employees to adopt proprietary artificial intelligence tools, according to a report from...

Huawei, Qualcomm Sign Multi-Year AI and 5G Patent Deal

Chinas Huawei Technologies has reached a broad multi-year patent licensing agreement with Qualcomm covering key technologies including artificial intelligence, 5G, computing and networking, strengthening the companies...

Zcash NU7 Testnet Cuts Block Time to 25 Seconds

Zcash has activated its NU7 network upgrade on the public testnet, reducing the targeted time between transaction blocks from 75 seconds to 25 seconds as developers prepare for a potential November mainnet launch. NU7 went...

Firmus Grid IPO Draws Strong Demand, Nvidia and Blackstone Could Raise Stakes

Australian data centre operator Firmus Grid plans to reserve roughly half of the shares in its initial public offering for existing investors, potentially giving Nvidia and Blackstone an opportunity to increase their...

UK Warned Over Growing Reliance on US Cloud Providers

Britains increasing dependence on U.S. cloud computing companies for critical government services could create a major strategic and economic vulnerability, lawmakers have warned, raising concerns about data sovereignty...