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U.S. durable goods orders weaken in May; downside risks to business spending outlook re-ignite

Jun 27, 2016 05:16 am UTC| Commentary Economy

U.S. durable goods orders dropped 2.2 percent in May, weaker than projections. Core capital goods orders also came in weaker. Meanwhile, data for shipments indicate towards positive spending in equipment in the second...

China May industrial profits ease, concerns over economic growth prevail

Jun 27, 2016 04:57 am UTC| Commentary

Industrial profits in China eased in May, slowing further from Aprils pace that added to concerns that the worlds second-largest economy may be losing some momentum as global turmoil, instability and Brexit may have...

FxWirePro: The Day Ahead- 27th June 2016

Jun 27, 2016 04:37 am UTC| Commentary

Not many economic dockets and events scheduled for today. Focus will remain on unscheduled commentaries surrounding Brexit. Upcoming: Germany:Import price index for May will be released at 6:00 GMT. Prior -6.6...

Asian markets start the new week on a mix note after Brexit results, gold firm above $1,310

Jun 27, 2016 03:37 am UTC| Commentary

All the major Asian markets are trading on a mix note as UK decided to leave EU as final results came on last Friday. On the other side, gold remains well supported above $1,300 and trading around $1,326 levels. In...

Brexit sees rising risk of foreign portfolio outflows in Asia

Jun 24, 2016 15:12 pm UTC| Commentary

Markets deeply shocked and hit by the Brexit news and gave up risky assets in wake of increased uncertainty on UKs economic prospects sans EUs membership. Todays vote, if ratified by Parliament, would immediately invoke...

60 pct odds of a UK recession within the next 12 months, says TDS

Jun 24, 2016 14:07 pm UTC| Commentary

UK economy enters a period of huge uncertainty and weakness as a result of UKs vote to leave the EU. Pound bashed to multi-year lows against majors and follow-through selling likely to continue as markets digest the...

Will Brexit trigger a Scottish referendum?

Jun 24, 2016 13:51 pm UTC| Commentary

Scotland has voted in favour of the UK staying in the EU by 62% to 38% - with all 32 council areas backing Remain. UKs vote to leave the EU raises the prospect of Scotland being taken out of the EU against its will. Scots...

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Economy

Crypto Market Selloff Wipes Out $100B as Bitcoin Falls Below $83K

The crypto market extended its selloff on Wednesday, wiping out more than $100 billion in value over 24 hours and pushing total market capitalization back to around $2.9 trillion. Despite the decline, investor sentiment...

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...

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...