Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Commentary

Fri, Oct 09, 2026 04:07 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Ex-PBoC adviser advocates Yuan float

Jan 28, 2016 09:54 am UTC| Commentary

Yu Yongding, former advisor to Peoples Bank of China (PBoC) advocating the idea that Yuan should better get floated. According to him, after almost a decade of fighting against expectations of appreciation, PBoC has...

BoJ under pressure as retail sales continue to decline

Jan 28, 2016 09:42 am UTC| Commentary Central Banks Economy

Japans December retail sales dropped more than expected, suggesting slow economic growth in the fourth quarter due to sluggish household spending. While the markets expect further monetary easing from the BoJ, the downbeat...

Renminbi Series

PBoC strengthens Yuan for fifth consecutive day

Jan 28, 2016 09:20 am UTC| Commentary Central Banks

Peoples Bank of China (PBoC) strengthened Yuan for fifth consecutive day today via its fix, most probably in an attempt to keep it stable against Dollar and against basket of currencies. Yuans movement just few weeks back,...

Germany’s HICP inflation likely to average 0.7% in 2016, 1.7% in 2017

Jan 28, 2016 09:11 am UTC| Commentary

Germanys January flash HICP inflation is likely to accelerate higher to 0.3% y/y, as compared with December s reading of 0.2%. This slight rebound in the headline component might occur mainly due to positive base effects...

Pound lurks in the shadow of 2008

Jan 28, 2016 09:03 am UTC| Commentary

Pound this year has sharply deteriorated against its major trading counterparts. Against Dollar, it is down about 3.2%, against Euro 3.7%, against Yen 4.5% and 1.8% against Franc as of today and that is not the low of...

Malaysia’s 2016 fiscal deficit target unchanged at 3.1% of GDP

Jan 28, 2016 08:42 am UTC| Commentary

Malaysias Prime Minister Najib Razak announced the countrys 2016 budget restructuring, keeping fiscal deficit target unchanged at 3.1% of GDP. The Malaysian government expects oil prices in 2016 to be USD30-35/bbl as...

Australian Dollar’s pain hardly over as TOT deteriorates fast

Jan 28, 2016 07:45 am UTC| Commentary

According to latest report from Australian Bureau of Statistics (ABS), Australias terms of trade (TOT) suffered a massive blow in fourth quarter of 2015. As per ABS data, export price index dropped -5.4% for the quarter,...

4181 4182 4183 4184 4185 4186 4187 4188 4189 4190

Economy

Asian Stocks Mixed as OpenAI Revenue Concerns Hit Chipmakers

Asian stock markets traded unevenly on Friday as semiconductor shares declined following fresh concerns about OpenAIs revenue outlook, while rising oil prices and volatile bond markets weighed on investor sentiment. The...

Gold Prices Rise as Dollar Weakens, Treasury Yields Fall

Gold prices climbed during Asian trading on Friday, supported by a weaker U.S. dollar and falling Treasury yields, as investors assessed inflation concerns driven by rising oil prices and expectations of further Federal...

Asian Currencies Steady as Dollar Eyes Fourth Weekly Gain

Asian currencies traded largely flat on Friday as the U.S. dollar headed for its fourth consecutive weekly gain, supported by expectations that the Federal Reserve could raise interest rates again before the end of 2026....

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...

Politics

Venezuela’s Machado Calls for Elections by July 2027

Venezuelan opposition leader Maria Corina Machado has called for presidential elections in Venezuela next year, saying the country has sufficient time to organize a vote by July 2027, according to a Financial Times report...

RFK Jr. Launches Nationwide Vaccine Safety Review

US Health Secretary Robert F. Kennedy Jr. has launched a department-wide initiative to investigate and document reported health problems following vaccination, the Department of Health and Human Services (HHS) announced...

Zelenskiy Slams US Over Deadly Russian Strikes on Ukraine

Ukrainian President Volodymyr Zelenskiy criticized the United States for its reluctance to provide additional military support after Russian airstrikes killed dozens of civilians across Ukraine, intensifying tensions over...

Flavio Bolsonaro Leads Lula 49%-45% in Brazil Runoff Poll

Brazilian Senator Flavio Bolsonaro holds a narrow lead over President Luiz Inacio Lula da Silva ahead of the October 25 presidential runoff election, according to a Datafolha poll released Thursday. However, the results...

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...

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

Zcash Plans Quantum-Resistant Security Upgrade for January

Zcash (ZEC) developers are preparing to introduce quantum-resistant security features in January 2027, aiming to protect cryptocurrency wallets against potential threats from advanced quantum computing and artificial...

Apple Cuts iPhone 18 Pro Production Orders Amid Weak Demand

Apple Inc. (NASDAQ: AAPL) has reportedly instructed several suppliers to reduce component production for its newly released iPhone 18 Pro and iPhone 18 Pro Max, signaling potential challenges for the companys latest...

OpenAI Revenue Hits $50 Billion, Below Earlier $70 Billion Estimate

OpenAI has informed investors that its annualized revenue reached nearly $50 billion in September, significantly below the $70 billion previously indicated, according to a Reuters report on Thursday. The revised figure...

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...