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South Korean manufacturing conditions deteriorate at sharper pace in September

Sep 30, 2016 06:10 am UTC| Commentary

South Koreas manufacturing conditions declined at quite a sharper rate in September. The headline Nikkei South Korea Manufacturing PMI dropped to 47.6 in the month from the previous months 48.6, indicating a sharper...

Australia new home sales rebound in September, likely to decline over next two years

Sep 30, 2016 06:01 am UTC| Commentary Economy

New home sales in Australia rebounded during the month of September, although the underlying pace of movement indicates a likely decline over the next two years or so. Australias monthly survey of large-volume builders...

New Zealand 10-year bond yields likely to touch 2 pct mark, ideal time to go long

Sep 30, 2016 05:55 am UTC| Commentary

The New Zealand government bonds closed higher Friday as investors speculated that the Reserve Bank of New Zealand (RBNZ) will lower its key interest rate in its November monetary policy decision. Also, we foresee that the...

South Korea’s industrial production falls more than expected in August

Sep 30, 2016 05:43 am UTC| Commentary Economy

Industrial production in South Korea fell more than market expectations during the month of August, following a strike by auto workers and fewer working days due to the holiday season that reduced production. Industrial...

New Zealand’s residential building consents fall for second straight month in August

Sep 30, 2016 05:42 am UTC| Commentary

The total number of residential building consents in New Zealand dropped for the second straight month in August. The consent issuance fell 1 percent in the month; however, the level is still quite above the level seen in...

U.S. goods trade deficit narrows in August, manufacturing unlikely to decline significantly in 2016

Sep 30, 2016 05:27 am UTC| Commentary

The nominal merchandise goods trade deficit of the U.S. narrowed a bit in August from July, against market projections of a widening of the deficit. The goods trade deficit declined to USD 58.4 billion from USD 58.8...

FxWirePro: The Day Ahead- 30th September, 2016

Sep 30, 2016 05:10 am UTC| Commentary Economy

Lots of economic data releases and events scheduled today and some are with high risks associated. Data released so far: New Zealand: ANZ business confidence grew to 27.9 in August from 15.5 before. ANZ activity...

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Economy

Asian Currencies Hold Steady Amid U.S.-Iran Ceasefire Hopes and Soft U.S. Inflation Data

Asian currencies traded within a narrow range on Wednesday as investors awaited further developments in U.S.-Iran ceasefire negotiations, while softer-than-expected U.S. inflation data offered modest relief to markets. The...

Gold Prices Ease From One-Month High Amid Iran Ceasefire Uncertainty

Gold prices slipped slightly from a one-month peak during Asian trading on Wednesday, with investors closely watching developments between the United States and Iran as a fragile ceasefire deadline approaches next week....

Strait of Hormuz Oil Shipments Resume Amid U.S.-Iran War Tensions

Global energy markets remain on edge as the U.S. blockade on Iranian ports continues to disrupt shipping through the Strait of Hormuz, a critical chokepoint that normally handles roughly one-fifth of worldwide oil and gas...

Asian Stocks Rally on Tech Gains and U.S.-Iran Diplomacy Hopes

Asian equity markets extended their winning streak on Wednesday, buoyed by strong performances in technology stocks and growing optimism surrounding potential U.S.-Iran diplomatic talks. The positive momentum followed a...

Iran War Drives Asia's Plastic Crisis — and a Green Packaging Boom

The ongoing Iran conflict is reshaping the global packaging industry in ways environmental advocates never anticipated. By disrupting Middle Eastern oil and petrochemical supplies, the war has driven plastic prices to...

Politics

Federal Agencies Secretly Test Anthropic's AI Despite Trump Administration Ban

Despite a formal directive from President Donald Trump ordering federal agencies to stop using Anthropics artificial intelligence technology, multiple U.S. government bodies have been quietly evaluating the companys latest...

Iran's Secret Use of Chinese Spy Satellite to Target U.S. Military Bases Revealed

A explosive new report from the Financial Times has uncovered that Iran covertly leveraged a Chinese spy satellite during a recent regional conflict, granting the Islamic Republic an unprecedented ability to surveil and...

Trump Warns Against Iranian Nuclear Weapons, Criticizes Pope Leo

President Donald Trump renewed his sharp criticism of Pope Leo on Tuesday, taking to his Truth Social platform to issue a stern warning about Irans nuclear ambitions while highlighting what he described as a severe human...

Japan Opens Arms Export Floodgates: New Policy Draws Global Defense Interest

Japan is preparing to significantly loosen its arms export restrictions, and allies from Europe to Southeast Asia are already lining up. Prime Minister Sanae Takaichis ruling party has approved the sweeping policy changes,...

U.S. Blockade on Iran Tightens Amid Ceasefire Uncertainty

United States military forces have fully enacted a naval blockade against Iran, halting all sea-based economic trade flowing in and out of the country, according to a statement released Tuesday by U.S. Central Command. The...

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

ASML Raises 2026 Revenue Outlook as AI Chip Demand Surges

ASML Holding N.V. lifted its full-year 2026 revenue forecast after the Dutch semiconductor equipment giant surpassed first-quarter profit and sales expectations. The results were fueled by accelerating AI-driven chip...

KKR's $820M Investment Fuels Samsung SDS AI Expansion, Sending Group Shares Soaring

Samsung Group stocks rallied sharply on Wednesday following KKRs announcement of a major strategic partnership with Samsung SDS, reigniting investor confidence in the conglomerates artificial intelligence and digital...

DEEPX Partners with Hyundai to Power Next-Gen AI Robots Ahead of IPO

South Korean AI chip startup DEEPX is deepening its collaboration with Hyundai Motor Group to build a cutting-edge computing platform for generative AI-powered robots. The initiative will be driven by the companys upcoming...

Anthropic Nears $800 Billion Valuation as Investor Confidence Surges

Anthropic, the artificial intelligence startup behind the Claude AI assistant, is reportedly fielding investment offers that could value the company at up to $800 billion. According to Business Insider, multiple venture...

SK Hynix Shares Hit Record High Amid AI Memory Demand Surge

SK Hynix shares soared to an all-time high on Tuesday, riding a wave of renewed investor confidence in artificial intelligence infrastructure and fresh momentum from developments tied to fellow memory chipmaker SanDisk....