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Malaysia’s Q1 investments record RM37.3 bln in first quarter

Jun 17, 2016 09:52 am UTC| Commentary

Malaysias first quarter approved investments in services, manufacturing and primary sectors recorded RM37.3 billion in the first quarter, which if implemented properly, will create 39,990 jobs in the country. The...

FX Hedging Strategy Series

FxWirePro: Expect unwind of functioning hedges in GBP in case of Brexit – Swiss Franc does not seem replace sterling among G10 currency space

Jun 17, 2016 09:42 am UTC| Commentary

Brexit polls have been notoriously volatile. Before last week, thestay camp appeared to have gained traction. In a dramatic turnaround since May, some 53% now want to leave and 47% want to stay, amajority of Brits now want...

South Korean economy to slow to 2.8 pct this year on account of subdued trade

Jun 17, 2016 09:27 am UTC| Commentary

In the first quarter, the South Korean economy slowed to 2.8 percent y/y from 3.1 percent in the last quarter of 2015. The economy, on a seasonally adjusted basis, grew 0.5 percent in the first quarter, as compared with...

UK gilts plunge as Cox murder halts Brexit drive

Jun 17, 2016 09:22 am UTC| Commentary

The UK gilts plunged Friday as fears about a Brexit diminished following the killing of a U.K. politician Jo Cox. Also, rising crude oil prices and firm equities drove-out investors from fixed income securities. The...

FX Hedging Strategy Series

FxWirePro: Is USD/JPY bearish rout over after central banks' “Status Quo”? OTC signals further bearish risks

Jun 17, 2016 09:17 am UTC| Commentary

The yen recovery is probably not over yet and USD/JPY upside is likely to be delayed until later in H2, as neither a sudden acceleration in the Fed tightening path nor imminent BoJ action seem very likely. After losing...

German bund slumps as Brexit fears ease

Jun 17, 2016 08:49 am UTC| Commentary

The German bund slumped Friday as the chances of Britain leaving the EU in a vote next week were seen receding after parliament member Jo Cox was shot dead on Thursday. Also, firm crude oil prices and stronger risk...

Briferendum Series

Briferendum Series: Sterling one week IV tests 50 percent

Jun 17, 2016 08:26 am UTC| Commentary

When we are comparing the IVs nothing comes close. Sterling one-week implied volatility, which is popularly known as thecost to protect against swings in the options market is trading just shy of 50 percent. Both in last...

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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...
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