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Retail sales likely to be the main driver of Hungary's economic growth in 2016

Jun 03, 2016 14:43 pm UTC| Commentary

Hungarys calendar adjusted retail sales figure was up by 6.4% Y/Y in April, up from 4.3% Y/Y in March, boosted by non-food products consumption, which increased by 10.3% Y/Y. Consumers in Hungary had been postponing buying...

Goldman Sachs cuts Yuan outlook to 'outright negative'

Jun 03, 2016 13:56 pm UTC| Commentary

Analysts at Goldman Sachs downgraded their outlook on the yuan, shifting from a more cautious stance to an outright negative view. The downgrade has raised the risk of capital flight in the same manner it did in August...

OECD warns of deep downturn in global growth, calls for urgent government action

Jun 03, 2016 13:36 pm UTC| Commentary

The OECD yesterday released its semi-annual Economic Outlook report and it made for grim reading. According to the OECD, the world is stuck in a low growth trap with global trade growing by between 2-3% and global GDP set...

Canadian bonds rise following gains in US counterparts

Jun 03, 2016 13:20 pm UTC| Commentary

The Canadian government bonds strengthened on Friday, following U.S trend after reading weaker than expected May employment report, which dampened prospects for a rate increase by the Federal Reserve in the near...

US Treasuries rally on disappointing Non-farm Payroll data

Jun 03, 2016 12:56 pm UTC| Commentary

The US Treasuries saw a two-week gain on Friday after reading weaker than expected May employment report, which dampened prospects for a rate increase by the Federal Reserve in the near term. Also, dovish comments from...

Polish economy likely to grow 3.2 pct in 2016; NBP unlikely to cut rates until Q4 2016

Jun 03, 2016 12:53 pm UTC| Commentary

In the past quarter, economic indicators of Poland weakened; however they continue to be stable. Polands PMI dropped from around 54 in the first quarter to about 52. Also, uncertainty about demand from foreign trading...

EUR/HUF to move higher on low inflation, likely slowdown of Hungarian economy in 2016

Jun 03, 2016 12:36 pm UTC| Commentary

Last year, Hungarys economy expanded strongly by 3%; however, the pace of growth is likely to slow down in 2016. This is because there is threat to the German economy from developments in China, inflow of EU fund will be...

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Economy

Gold Prices Rise as Hormuz Tensions Fuel Inflation Risks

Gold prices moved higher on Thursday, recovering from their lowest level since early August as renewed tensions around the Strait of Hormuz increased concerns over energy supplies and inflation. Expectations that the...

Oil Prices Rise as Gulf Hurricane and Middle East Supply Risks Mount

Oil prices climbed on Thursday as traders assessed potential supply disruptions from a strengthening storm along the U.S. Gulf Coast and persistent geopolitical tensions in the Middle East. Brent crude futures for December...

US-Led Coalition Targets Global Factory Overcapacity

Trade ministers from 12 G20 nations, the European Union and Poland have backed a US-led initiative aimed at tackling structural excess factory capacity and trade-distorting policies that contribute to global...

Mike Rogers Calls for End to US-Canada Tariff War

Michigan Republican Senate candidate Mike Rogers is calling for an immediate end to the US-Canada tariff dispute, distancing himself from President Donald Trump on another major policy issue ahead of next months election....

Bangladesh GDP Growth Accelerates to 4.6% on Industrial Rebound

Bangladeshs economy recorded a sharp acceleration in growth during the April-June quarter, supported by a strong recovery in industrial activity and steady expansion in the services sector, even as agriculture lost...

Politics

US Pressures Allies to Distance From Anti-Disinformation Conference

The US State Department urged Canada and European allies to distance themselves from an anti-disinformation conference after organizers included a panel examining whether the United States poses an information manipulation...

Hegseth Praises USS Abraham Lincoln Crew After Record Iran War Deployment

US Defense Secretary Pete Hegseth praised sailors aboard the USS Abraham Lincoln on Wednesday as the aircraft carrier completed an extended wartime deployment marked by intense combat operations and concerns over crew...

Tsai Warns of China’s Sustained Pressure on Taiwan

Former Taiwan President Tsai Ing-wen warned a U.S. audience on Wednesday that China is maintaining sustained pressure on Taiwan through military, cyber and economic activities designed to reshape the islands security...

Trump Backs Florida Golf Course as Presidential Retreat

US President Donald Trump on Wednesday endorsed a proposal to transform part of his West Palm Beach, Florida, golf course into a secure presidential retreat similar to Camp David. Its a great idea, and it will be used a...

Saudi Airport Attacks Kill Three as Yemen Fighting Escalates

Three people were killed and dozens wounded in attacks on airports in Saudi Arabia as escalating fighting between Yemens Iran-aligned Houthis and Saudi-backed government forces threatens regional aviation and key shipping...

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

Solidigm Taps Goldman, Morgan Stanley for $10 Billion US IPO

SK hynixs U.S. flash-memory subsidiary Solidigm has reportedly selected Goldman Sachs and Morgan Stanley as lead underwriters for a planned initial public offering that could raise around $10 billion. Bloomberg News...

Samsung Q3 Profit Hits Record High on AI Memory Demand

Samsung Electronics forecast its strongest-ever third-quarter operating profit as booming artificial intelligence demand continued to fuel sales of advanced memory chips, although earnings landed slightly below the higher...

Broadcom, Oracle and SpaceX Seek Billions in Private Debt for AI Expansion

Major artificial intelligence companies are increasingly turning to private debt markets to finance tens of billions of dollars in AI chips and data center infrastructure, as traditional funding sources struggle to keep...

TikTok Accused of Testing Fake Safety Tools on Users

TikTok allegedly gave thousands of users, including children and teenagers, non-functional versions of safety features as part of experiments on its platform, according to newly unsealed claims in a New York lawsuit. New...

Micron Shares Rise 4% Despite Taiwan Strike Risk

Micron Technology shares reversed early losses on Wednesday, climbing nearly 4% as investors appeared to shrug off concerns about a potential worker strike at one of the chipmakers major manufacturing operations in Taiwan....