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Japan August machinery orders drop first in three months, sluggish growth continue to dominate

Oct 12, 2016 06:36 am UTC| Commentary Economy

Core machinery orders in Japan dropped for the first time in three months during the period of August amid an environment of sluggish economic growth both internal as well as external. Japans core machinery orders, a...

Malaysia’s industrial output expands in August, but misses expectations

Oct 12, 2016 06:24 am UTC| Commentary

Malaysias industrial output expanded in August from a year earlier. According to Malaysias Department of Statistics, the nations industrial production grew 4.9 percent year-on-year, driven by positive expansion in the...

Credit conditions remain weak in Asia-Pacific during Q3 2016, says S&P Global Ratings

Oct 12, 2016 06:07 am UTC| Commentary Economy

Asia-Pacifics credit conditions remain weak, SP Global Ratings said in a report published today titled, Weakness Continues In Asia-Pacific Despite Easier Financing; Eyes Remain On China. Credit trends in Asia-Pacific...

PHP continues to underperform on rising political concerns among foreign investors

Oct 12, 2016 05:56 am UTC| Commentary Economy

The Philippines peso has underperformed in comparison to its peers in the recent months. Part of this reflects increasing political concerns among foreign investors. There was also a spike in the 5Y credit default swap...

U.S. NFIB small business sentiment drops in September, improvement stalls in past two months

Oct 12, 2016 05:54 am UTC| Commentary

U.S. NFIB small business optimism index dropped in September, coming below market projections. The index fell 0.3 points to 94.1, against the market expectations of a recovery to 95 points. The decline continued to wear...

Rising producer prices, industrial profits cater to alleviate China’s bad loan pressures

Oct 12, 2016 05:37 am UTC| Commentary Economy

Downside pressures on the Chinese economy, concerning the countrys bad loans are likely to be alleviated by the improvement in producer prices and industrial profits. A further rate cut by the Peoples Bank of China (PBoC)...

Australia consumer confidence continues to rise for third straight month in October

Oct 12, 2016 05:02 am UTC| Commentary Economy

Consumer confidence in Australia continued to rise for the third straight month in October, in an attempt that showcases that the economy has remained resilient in wake of ongoing global instability. The...

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Economy

Nasdaq Hits Record High as Tech Stocks Lift Wall Street

Wall Street stocks advanced on Monday as gains in mega-cap technology shares offset pressure from elevated Treasury yields, while the US dollar strengthened and oil prices declined. The Dow Jones Industrial Average gained...

European Stocks Diverge as French Fiscal Crisis Hits CAC 40

European stocks ended mixed on Monday as Frances worsening fiscal concerns pushed the CAC 40 to a six-month low, while stronger Eurozone business activity and softer U.S. employment data supported other regional markets....

Trump Plans Diesel Tax Relief as Fuel Prices Hit Record Highs

US President Donald Trump is preparing an executive order aimed at expanding access to tax-exempt diesel as his administration seeks to ease record fuel costs ahead of the November 3 elections, according to two people...

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...

Politics

US DOT Ends Airline Privacy Review Without Enforcement

The U.S. Transportation Department has concluded a review of privacy practices at the nations 10 largest airlines without imposing fines or taking enforcement action, according to a department memo. The airline privacy...

New York Declares Measles Disaster Emergency as Cases Surge

New York Governor Kathy Hochul declared a statewide disaster emergency on Monday in response to a growing measles outbreak, marking the first such declaration by a U.S. state since measles cases began rising sharply in...

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...

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

Nvidia-Backed Reflection AI Launches Beam Open-Weight Model

Nvidia-backed startup Reflection AI has launched Beam, its first open-weight artificial intelligence model, as the U.S. company looks to challenge lower-cost Chinese AI models in coding and agentic tasks. Reflection AI...

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...