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Wed, Feb 04, 2026 02:56 AM All times are UTC

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Renminbi Series

Renminbi series: spotting the odd movement out in Yuan

Mar 01, 2016 08:10 am UTC| Commentary

Were you able to spot the odd movement out in Yuan in last two days? If not, keep reading. Yesterday, Peoples Bank of China (PBoC) unexpectedly (not surprising though given the state of the economy) reduced reserve...

New Zealand’s Q4 terms of trade fall below expectations on drop in commodity prices and stronger dollar

Mar 01, 2016 07:40 am UTC| Commentary

New Zealands Q4 terms of trade declined 2%, slightly below the expectations of 1% decline. A stronger New Zealand dollar and a decline in global commodity prices were a drag on the trade. During the quarter export prices...

Emerging Market Crisis Series

South Korean export’s stable deterioration trend continues, BoK likely to keep monetary stance accommodative

Mar 01, 2016 07:21 am UTC| Commentary

South Koreas February 2015 exports dropped 12.2% y/y, as compared with the revised drop of 18.8% in January and decline of 14.3% in December. Februarys print is much better than consensus expectations of a drop of 16.6%....

Currency War Series

China’s central bank lowers RRR, likely to further lower rates in H1 2016

Mar 01, 2016 06:49 am UTC| Commentary Central Banks

The People Bank of China recently stated that RRR will be lowered by 50bp effective 1 March 2016. This move was taken by the PBoC just after the G20 meeting and Governor Zhous comment regarding prudent but moderately loose...

Renminbi Series

Renminbi series: employment bleeds at fastest pace since 2008/09 crisis

Mar 01, 2016 06:30 am UTC| Commentary Economy

According to latest report released by Caixin, in collaboration with Markit Economics, show Chinese employment have started bleeding at fastest pace since the great recession of 2008/09. Key highlights from the...

Currency War Series

RBA seems to have strengthened easing bias, but keeps cash rate unchanged

Mar 01, 2016 05:54 am UTC| Commentary Central Banks

The Reserve Bank of Australia has decided to keep the cash rate unchanged at 2%, on par with expectations. The central bank had expressed its easing bias in its recent statements saying persistent low inflation may give...

Guide to today’s important data and events

Mar 01, 2016 05:29 am UTC| Commentary

Lot of economic dockets scheduled for today and some with high risks associated Data released so far Australia - Building permits dropped -7.5% in January, down -15.5% from a year ago. Current account balance...

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Economy

Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding

New York and New Jersey have filed an emergency lawsuit against the Trump administration, seeking to restore federal funding for the $16 billion Hudson River tunnel project, a critical piece of U.S. transportation...

Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound

Asian stocks traded on shaky ground on Wednesday as global markets digested sharp losses in U.S. and European equities, driven by growing fears that rapid advances in artificial intelligence could disrupt traditional...

Trump Extends AGOA Trade Program for Africa Through 2026, Supporting Jobs and U.S.-Africa Trade

President Donald Trump has signed legislation extending the African Growth and Opportunity Act (AGOA), a key U.S.-Africa trade program, through December 31, 2026. The extension is retroactive from September 30, 2025,...

Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile

An Australian scandium mining project backed by billionaire mining executive Richard Friedland is expected to play a role in the United States newly announced $12 billion critical minerals stockpile, according to comments...

Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates

Japans services sector showed strong momentum at the start of the year, expanding at its fastest pace in nearly 12 months, while overall private sector activity recorded its quickest growth in almost three years. According...

Politics

Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure

Federal Reserve Governor Stephen Miran has formally resigned from his role as chair of the White House Council of Economic Advisers (CEA), fulfilling a commitment he made to the U.S. Senate as his tenure at the Federal...

U.S. Condemns South Africa’s Expulsion of Israeli Diplomat Amid Rising Diplomatic Tensions

The United States has sharply criticized South Africas recent decision to expel Israels top diplomat, calling the move politically motivated and harmful to diplomatic norms. The condemnation was delivered on Tuesday by...

Russia Prepares for Post–New START Era as U.S.-Russia Nuclear Arms Control Nears Collapse

Russia has declared it is prepared for a new global security reality in which there are no U.S.-Russian nuclear arms control limits, as the New START treaty is set to expire this week. The landmark agreement, signed in...

Trump Plans Call With Savannah Guthrie After Mother’s Disappearance, Federal Support Considered

U.S. President Donald Trump said Tuesday that he plans to personally reach out to NBC News anchor Savannah Guthrie following the disappearance of her 84-year-old mother, Nancy Guthrie, a case that authorities now believe...

UK and US Reaffirm Strategic Importance of Diego Garcia Base Amid Chagos Sovereignty Dispute

British Prime Minister Keir Starmer and U.S. President Donald Trump have reaffirmed the strategic importance of the U.S.-UK military air base on Diego Garcia in the Chagos Archipelago, committing to close cooperation to...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies

Nvidia is reportedly nearing a major investment deal with OpenAI, signaling a significant development in the global artificial intelligence landscape. According to sources cited by Reuters, the chipmaking giant is in...

Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate

Artificial intelligence startup Anthropic is reportedly preparing a major secondary share sale that would allow some employees to sell shares at a valuation of at least $350 billion, according to a recent Bloomberg report....

AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock

Advanced Micro Devices (AMD) delivered a solid quarterly earnings beat, topping Wall Street expectations on both revenue and profit, yet its stock slipped in extended trading after the company projected a sequential...

Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns

Nintendo shares fell sharply on Wednesday after the Japanese gaming giant reported weaker-than-expected fiscal third-quarter results, intensifying investor concerns over profitability and margins tied to its highly...

Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence

Elon Musk announced on Monday that SpaceX has acquired his artificial intelligence startup xAI in a landmark deal that brings together his ambitions in space exploration and advanced AI technology. The acquisition combines...