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Wed, Dec 24, 2025 09:15 AM All times are UTC

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South Korean economy shows sign of improvement

Oct 15, 2015 04:56 am UTC| Commentary Economy

The Bank of Korea held the policy rate at 1.5% in October, as expected. The BoK revised its growth forecasts for 2015 and 2016 marginally lower, cutting both 10bp, to 2.7% and 3.2%, respectively. The reductions were...

US Q3 GDP tracking 1.2% after August business inventories

Oct 15, 2015 04:55 am UTC| Commentary

US total business inventories were unchanged in August, weaker than forecasted. The details of the report, however, show that the miss relative to expectations was driven by a slower pace of retail motor vehicle inventory...

Global data points towards negative direction

Oct 15, 2015 04:49 am UTC| Commentary

Economic data from around the globe was released yesterday, nearly all pointing in a negative direction. Headline U.S. retail sales inched up a slight 0.1 percent while retail sales excluding autos dropped 0.3 percent and...

Potential upside risk to RUB likely from CBR

Oct 15, 2015 04:34 am UTC| Commentary

In the beginning of September Deputy Governor Ksenia Yudayeva said that the CBR might be offering FX in the market from its reserves if the Ministry of Finance starts to spend the sovereign funds too fast to cover budget...

Is RUB under upside risk?

Oct 15, 2015 04:28 am UTC| Commentary

In the long run the RUB may still remain vulnerable to external turmoil because of a weak economy, limited access to western capital markets and the CBRs easing policy. However on the positive side, if the oil market...

Banxico's policy meetings likely after FOMC meetings

Oct 15, 2015 04:14 am UTC| Commentary Central Banks

Banxicos policy meetings have been aligned to come 1-2 days after the FOMC meetings. Banxico will not be far away from raising rates once the Fed starts hiking. We have four rate hikes in our forecast for 2016 - the...

Daily Economic Outlook: 15th October, 2015

Oct 15, 2015 04:05 am UTC| Commentary

Both the Philly Fed and Empire manufacturing surveys are expected to show improvements in October. Yet, any rises should be seen in the context of current weak sentiment levels, with the sector impacted by softer external...

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Economy

Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched

Asian stock markets traded mostly flat on Wednesday as subdued year-end trading volumes and holiday-thinned liquidity limited investor activity across the region. With Christmas and New Year holidays approaching, many...

US and Japan Fast-Track $550 Billion Strategic Investment Initiative

The United States and Japan have agreed to accelerate coordination on their Strategic Investment Initiative, a major bilateral framework backed by a $550 billion fund established under the two countries tariff agreement....

Japan Plans $189 Billion Bond Issuance as Record Budget Signals Expansionary Fiscal Policy

Japan is preparing to issue new government bonds worth approximately $189 billion to help finance a record-breaking national budget for the next fiscal year, according to a draft budget reviewed by Reuters. The move...

BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks

Bank of Japan (BOJ) policymakers actively debated whether to continue raising interest rates toward levels considered neutral for the economy, according to minutes from their October policy meeting released on Wednesday....

Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally

Spot gold surged past the key psychological level of $4,500 per ounce for the first time on Wednesday, marking a historic milestone for the precious metal and reinforcing its status as a preferred safe-haven asset. The...

Politics

U.S. Signs $2.3 Billion Global Health MOUs With Four African Nations

The United States has signed four new global health memorandums of understanding (MOUs) with Madagascar, Sierra Leone, Botswana, and Ethiopia, reinforcing its long-term commitment to strengthening global health security...

U.S. Discusses Migrant Transfer Plan With Palau Despite Lawmaker Opposition

The United States has renewed discussions with Palau over a controversial proposal to transfer third-country nationals to the Pacific Island nation, despite clear resistance from Palaus lawmakers earlier this year....

NSW Passes Toughest Gun and Anti-Terror Laws After Bondi Beach Shooting

Australias most populous state, New South Wales, has passed sweeping new gun control and anti-terrorism laws following the deadly Bondi Beach mass shooting, marking the most significant tightening of firearm and protest...

Democratic Attorneys General Sue Trump Administration Over Proposed Limits on Gender-Affirming Care for Youth

A coalition of Democratic state attorneys general has filed a federal lawsuit seeking to block proposed rules by the Trump administration that would significantly restrict access to gender-affirming care for transgender...

U.S. Pledges Maximum Sanctions on Venezuela Amid Rising Global Tensions

The United States has told the United Nations it will impose and strictly enforce sanctions to the maximum extent against Venezuela in an effort to deprive President Nicolás Maduro of financial resources, escalating...

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

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...