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Sun, Dec 21, 2025 12:33 AM All times are UTC

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Commodities snapshot (energy)

Jan 12, 2016 13:26 pm UTC| Commentary

Energy pack is up today. Weekly performance at a glance in chart table. Oil (WTI) - WTI dropped sharply to trade as low as $30.4/barrel, however recovered heading into New York session. Todays range $30.4-31.7 WTI is...

Currency snapshot (major pairs)

Jan 12, 2016 13:14 pm UTC| Commentary

Dollar index trading at 98.94 (+0.13%). Strength meter (today so far) - Euro -0.08%, Franc +0.07%, Yen -0.10%, GBP -0.87% Strength meter (since last week) - Euro -0.19%, Franc -0.77%, Yen -0.51%, GBP -0.55% EUR/USD...

Indian total tax revenue likely to fall short of target

Jan 12, 2016 12:37 pm UTC| Commentary

The Indian government has been increasing excise duties on petrol and diesel at every given opportunity to strengthen its revenues on falling crude oil price. Despite nominal GDP growth slowing from 12% to 7.4%, indirect...

Currency snapshot (commodity pairs)

Jan 12, 2016 12:31 pm UTC| Commentary

Dollar index trading at 98.94 (+0.13%) Strength meter (today so far) - Aussie -0.10%, Kiwi -0.33%, Loonie +0.01% Strength meter (since last week) - Aussie +0.46%, Kiwi -0.14%, Loonie -0.37% AUD/USD - Trading at...

ECB unlikely to ease policies in January meet

Jan 12, 2016 12:20 pm UTC| Commentary Central Banks

After substantial measures taken in 2015 and with the ongoing recovery, no further policy easing is expected from the ECB, however, with Core Inflation around 1% Y/Y, the ECBs further easing cannot be ruled out. The next...

Oil in Global Economy Series

Rumors of emergency OPEC meeting surface as oil nears $30/barrel

Jan 12, 2016 12:02 pm UTC| Commentary

Oil price today dropped to as low as $30.4/barrel and rumors started surfacing that OPEC might hold an emergency meeting over the groups strategy to reign over oil price. Lower oil price is also creating panic in stock...

FX Hedging Strategy Series

FxWirePro: What if oil goes to $20? The spillover effects on CAD to prop up 1.51 in Q1 2016

Jan 12, 2016 11:58 am UTC| Commentary

Had you expected Brent prices to travel southwards upto $20 in discounting a new oil paradigm in a worst-case risk scenario cannot be totally ruled out, then USD/CAD effortlessly broke its psychological resistance at 1.40...

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Economy

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Politics

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

Alphabets Google and Apple have advised certain employees working in the United States on temporary visas to avoid international travel, as visa stamping delays at U.S. embassies and consulates can now stretch up to 12...

U.S.–Russia Talks in Florida Raise Hopes but Reveal Deep Divides Over Ukraine War

U.S. negotiators met Russian officials in Florida over the weekend as the Trump administration intensified diplomatic efforts to help end Russias war in Ukraine, a conflict that began with Moscows full-scale invasion in...

Ukraine Signals Support for U.S.-Led Three-Sided Talks With Russia to Boost Peace Efforts

Ukrainian President Volodymyr Zelenskiy said on Saturday that Ukraine is prepared to support a U.S. proposal for three-sided talks involving the United States, Ukraine, and Russia, provided the initiative helps accelerate...

Lula Warns Against Military Action in Venezuela as U.S. Pressure Mounts

Brazilian President Luiz Inacio Lula da Silva has strongly warned that any armed intervention in Venezuela would result in a humanitarian catastrophe, amid rising tensions driven by escalating actions from the United...

U.S. Launches Large-Scale Airstrikes on ISIS Targets in Syria After Deadly Attack

The United States military carried out extensive airstrikes against Islamic State (ISIS) targets across Syria on Friday, escalating its response after a deadly attack on American personnel, according to U.S. officials. The...

Science

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...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...