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Wed, Oct 07, 2026 04:39 PM All times are UTC

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European leaders gather this week to discuss the impact of the Brexit vote

Jun 27, 2016 14:53 pm UTC| Commentary

Meeting for emergency talks in Berlin, EU states have urged Britain to leave the union as soon as possible, however, there is little they could immediately do to force Britain to speed up the pace of its departure from the...

Swiss National Bank makes intentions clear to curb excessive franc appreciation

Jun 27, 2016 14:17 pm UTC| Commentary

The safe-haven franc rose to its highest level against the euro since August 2015 after UKs vote to leave the EU shook markets. It was the biggest one-day jump since the Swiss National Bank removed its franc peg to the...

Enormous US dollar gains prompt surprise yuan devaluation by PBoC

Jun 27, 2016 14:05 pm UTC| Commentary

A sudden Chinese yuan devaluation triggered sell-off in risky assets across markets today. PBOC sets USD/CNY at 6.6375 vs 6.5776, which translates into the weaker fix (-0.9%), lowest since the August 2015 devaluation of...

China’s growth momentum starting to fade, brings closer timing of a RRR cut

Jun 27, 2016 13:35 pm UTC| Commentary

After a strong rebound in March, recent data flow suggests that Chinas growth momentum has started to fade. Data released earlier today showed that industrial profits at large firms in China rose 3.7 percent year-on-year...

Canadian bonds gain as crude prices ease on Brexit win

Jun 27, 2016 12:55 pm UTC| Commentary

The Canadian government bonds gained on Monday after Britain voted to leave the European Union in a referendum after 43 years of membership in the bloc on Friday. Also, tumbling crude oil prices drove investors towards...

Danish trade surplus likely to be slightly lower in 2016, 2017

Jun 27, 2016 12:51 pm UTC| Commentary Economy

Denmark has been recording a decent current account surplus. This is partially due to quite a limited corporate investment appetite keeping imports low. But the sizeable surplus is also because of the countrys huge net...

US Treasuries gain as Fed seen to delay rate hike after Brexit vote

Jun 27, 2016 12:39 pm UTC| Commentary

The US Treasuries complex strengthened Monday on unexpected Brexit vote and it is set to hit 4-year intraday low of 1.40 percent. Also, the probability that the Federal Reserve will tighten this year has tumbled to 15...

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Economy

RBI Raises Repo Rate to 5.50% in Hawkish Shift on Inflation Risks

The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.50% on Wednesday, delivering its first interest rate hike since February 2023 as policymakers respond to rising inflation risks and...

European Stocks Fall as Oil Rises Ahead of Fed Minutes

European shares moved lower on Wednesday as investors took profits following recent gains, with rising crude oil prices and caution ahead of the Federal Reserves meeting minutes weighing on market sentiment. The...

US Stock Futures Flat as Fed Minutes, Earnings Loom

U.S. stock futures were largely unchanged in Asian trading Wednesday after the SP 500 and Nasdaq Composite reached record closing highs, with investors awaiting Federal Reserve meeting minutes and the upcoming...

Asian Currencies Mixed as Yen Weakens, Dollar Holds Firm

Asian currencies traded mixed on Wednesday as the U.S. dollar remained near recent highs, while the Japanese yen weakened toward 158 per dollar amid uncertainty over the Bank of Japans policy outlook and renewed concerns...

Indian Stocks Fall as RBI Hikes Rates to 5.50%

Indian stocks declined on Wednesday after the Reserve Bank of India raised interest rates for the first time since early 2023 and adopted a more hawkish policy stance as inflation remained elevated. The benchmark Nifty 50...

Politics

Houthis Strike Aden Airport as Yemen Fighting Escalates

Houthi forces launched ballistic missiles and explosive drones at Aden International Airport early Wednesday as fighting intensified between the Iran-aligned group and Yemens Saudi-backed government. Yemens Transport...

Rapidus Seeks Chip Customers as Japan Pushes 2nm Semiconductor Revival

Japans Rapidus is expanding partnerships with global chip design companies as the state-backed semiconductor manufacturer races to secure customers for its planned 2-nanometre production facility. Backed by roughly $15...

Vance Demands Iran Cut Nuclear Enrichment to End War

US Vice President JD Vance said Iran must significantly reduce its nuclear enrichment capacity before Washington will agree to end the seven-month US-Iran war, stressing that concrete action rather than diplomatic...

North Korea Slams US Taiwan Arms Sales, Reaffirms Russia Support

North Korea has criticized the United States for supplying weapons and military support to Taiwan, accusing Washington of increasing tensions across the Taiwan Strait as Pyongyang also reaffirmed its backing for Russia. In...

Iran Tanker Attacks Surge as Hormuz Oil Flows Near Prewar Levels

Iran has intensified attacks on tankers in the Strait of Hormuz even as oil shipments through the crucial waterway recover toward levels seen before the war, raising fresh concerns over Middle East energy security. UK...

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

DogecoinVM Makes DOGE Transactions 300x Faster

Fintech company Metallicus has launched an alpha version of DogecoinVM on mainnet, introducing a payment layer designed to make Dogecoin transactions significantly faster without altering the cryptocurrencys underlying...

Zcash Privacy Demand Rises as AI Exposes Bitcoin Transactions

Zcash is gaining renewed attention as artificial intelligence makes it easier to trace Bitcoin transactions and connect public wallet activity with real-world identities, strengthening demand for privacy-focused...

Intel Reaffirms Role in Elon Musk’s Terafab Chip Project

Intel will continue working with Elon Musk on the ambitious Terafab semiconductor project, CEO Lip-Bu Tan said, reaffirming the U.S. chipmakers role despite speculation that Taiwan Semiconductor Manufacturing Co. (TSMC)...

LG Electronics Shares Slide as Q3 Profit Misses Estimates

LG Electronics shares dropped sharply on Wednesday after the South Korean technology giant reported preliminary third-quarter operating profit that fell short of market expectations, despite delivering solid year-on-year...

JPMorgan CEO Jamie Dimon Warns Mythos AI Raises Cyber Risk Tenfold

JPMorgan Chase CEO Jamie Dimon has warned that advanced artificial intelligence systems are dramatically increasing cybersecurity risks for global banks, calling cyberattacks the financial giants biggest threat. Speaking...