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Fri, Oct 09, 2026 12:56 AM All times are UTC

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Sweden’s household consumption falls in February, likely to rebound in coming months

Apr 08, 2016 09:13 am UTC| Commentary

Swedens household consumption dropped 0.3% on monthly basis in February, while it grew just 2.3% y/y, the weakest y/y figure since late 2014. Nonetheless, the positive trend continues to be intact, according to Nordea...

All not doves at ECB

Apr 08, 2016 09:05 am UTC| Commentary Central Banks

Minutes of European Central Banks (ECB) March meeting, in which the central bank unveiled a package of measures including negative rates, broadening of purchase portfolio to include corporate debt securities, four TLTROs...

Emerging Market Crisis Series

South African manufacturing output growth to reverse soon, subdued economic growth seen in 2016

Apr 08, 2016 09:02 am UTC| Commentary

Manufacturing output in South Africa rose 1.3% m/m in February as compared with consensus forecast for a decline of 0.2%. On yearly basis, manufacturing output grew 1.9%. Februarys data reverses Januarys weak data....

Swiss deflation continues for 17th consecutive month

Apr 08, 2016 08:32 am UTC| Commentary

Todays released consumer price index data for March, showed that Swiss economy is in clear deflation for 17th consecutive month and it is now getting worse once more. Last time data was positive, was back in August, when...

Swiss FX reserves increases in past 12 months

Apr 08, 2016 07:34 am UTC| Commentary Central Banks

EUR-CHF was under moderate pressure in the past few days. It is now trading much below the mark of 1.09 again. The new exchange rate regime does not work to avert increase in balance sheet of SNB, according to Commerzbank....

India’s current account balance to fall within 1%-1.2% of GDP in 2016

Apr 08, 2016 07:09 am UTC| Commentary

Indias current account deficit in the fourth quarter narrowed below expectations to USD 7.1 billion from USD 8.7 billion in Q3 2015. Solid inflows of foreign investment overshadowed the weakness in portfolio funds,...

Currency War Series

Should BOJ intervene in Yen?

Apr 08, 2016 06:49 am UTC| Commentary Central Banks

We at FxWirePro, think they should not. Even if they still do, it may not yield the result they are looking for. Reasons being simple According to G20 agreement, currency intervention to exploit trade benefits...

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Economy

US, EU Push for Action Against Asia’s Excess Factory Capacity

U.S. Trade Representative Jamieson Greer said Thursday that European Union countries have reached a broad consensus on the need to address global manufacturing overcapacity, particularly in Asia, as concerns grow over its...

Wall Street Falls as Oil Prices Rise and Tech Stocks Slide

Wall Street stocks declined for a second consecutive session on Thursday as rising oil prices, Treasury market volatility, and concerns over OpenAIs revenue outlook weighed on investor sentiment. At 13:07 ET, the SP 500...

Oil Prices Trim Gains After Trump Rules Out Iran Strikes Before Midterms

Oil prices reduced earlier gains on Thursday after U.S. President Donald Trump announced that Washington would not launch military strikes against Iran before the November 3 midterm elections, easing concerns over further...

Iran Refuses to Halt Uranium Enrichment Amid US Nuclear Demands

Iran has reaffirmed its refusal to suspend uranium enrichment or surrender its uranium stockpile, escalating tensions with the United States as diplomatic efforts continue to end the ongoing conflict and reopen the Strait...

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...

Politics

Trump Buys Up to $25M in Meta Stock, Invests in SpaceX Debt

Meta Platforms (NASDAQ: META) shares briefly climbed more than 1% after President Donald Trumps latest financial disclosure revealed a stock purchase worth up to $25 million. The shares later trimmed their gains as...

US Charges Maduro and Wife With Torture Conspiracy

US prosecutors have filed new torture conspiracy charges against former Venezuelan President Nicolas Maduro and his wife, Cilia Flores, expanding an existing drug trafficking case ahead of their scheduled trial in 2027....

Zelenskiy Criticizes US as Russian Strikes Kill 78 in Ukraine

Ukrainian President Volodymyr Zelenskiy accused the United States of failing to provide sufficient support after Russian airstrikes killed 78 people and injured 215 across Ukraine over two days, intensifying tensions over...

ICC Rules Duterte Fit to Stand Trial in Drug War Case

The International Criminal Court (ICC) has ruled that former Philippine President Rodrigo Duterte is medically fit to stand trial, clearing a major legal hurdle ahead of proceedings scheduled to begin on November 30. The...

Berlin Coalition Talks Advance After Left Party Antisemitism Deal

Germanys Left Party has agreed to new measures addressing antisemitism, clearing a major obstacle to coalition negotiations with the Social Democrats (SPD) and Greens following Berlins September 20 state election. The...

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

OpenAI Annualized Revenue Hits $50 Billion, Below Earlier Estimates

OpenAIs annualized revenue reached approximately $50 billion by the end of September 2026, significantly below the $70 billion previously reported to investors, according to financial documents reviewed by the Financial...

Oracle Uses Trucked Natural Gas to Power AI Data Centers Amid Pipeline Delays

Oracle Corp. is transporting natural gas by truck to several data centers across the United States as delays in pipeline construction threaten the companys artificial intelligence infrastructure expansion plans, Bloomberg...

Apple Names Steve Smith M&A Chief in Leadership Shakeup

Apple Inc. is making significant changes to its executive leadership, appointing Steve Smith as its new head of mergers and acquisitions (MA) as the technology giant continues restructuring its management team under newly...

Anthropic Launches Claude Dashboards and Motion AI Tools

Anthropic has introduced two new artificial intelligence tools, Claude Dashboards and Claude Motion, expanding its workplace productivity offerings as competition intensifies among AI companies seeking to attract business...

US Suspends Microsoft, Adobe From Green Card Program

The U.S. government has suspended Microsoft, Adobe, and several major IT companies from a federal employment-based green card program as the Trump administration intensifies scrutiny of foreign worker hiring practices....