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Bank Indonesia hikes key interest rate by 25 bps, likely to hike again in December

Nov 15, 2018 12:25 pm UTC| Commentary Central Banks

Bank Indonesia surprisingly raised its 7-day reverse repo rate by 25 basis points to 6 percent today. The central banks decision shows its desire to lower the current account deficit and improve the attractiveness of...

US October retail sales preview

Nov 15, 2018 12:17 pm UTC| Commentary

U.S. retail sales statistics for the month of August will be released at 13:30 GMT, today. Why retail sales and U.S. consumers are important? Domestic consumption of goods contributes about 25% of GDP or around $...

Cryptocurrency Brief: Bitcoin tumbles to lowest in one year, altcoins follow suit, BCH/USD hit by hard fork

Nov 15, 2018 12:16 pm UTC| Commentary Economy Digital Currency Market Roundups

BTC/USD: Bitcoin prices tumbled to a one-year low during late European session Thursday, after the United States Securities and Exchange Commission (SEC) published its annual enforcement report, pinning down several...

Brexit Series: UK’s pension and work secretary resigns over Brexit agreement

Nov 15, 2018 12:15 pm UTC| Commentary

Esther McVey, the UKs secretary of work and pensions became the latest casualty to the draft agreement reached between the United Kingdom and the European Union. She became the third minister from Prime Minister Theresa...

Philippine central bank hikes key policy rate by 25 bps, likely to stay on hold in December

Nov 15, 2018 11:38 am UTC| Commentary

The Philippine central bank hiked its overnight reverse repurchase policy rate by 25 basis points to 4.75 percent today, consistent with consensus expectations. The central bank also hiked the overall interest rate...

U.S. Treasuries gain ahead of October retail sales data, FOMC members’ speeches

Nov 15, 2018 11:05 am UTC| Commentary Economy

The U.S. Treasuries gained during late afternoon session Thursday ahead of the countrys core retail sales for the month of October, scheduled to be released today by 13:30GMT. Also, the Philly Fed manufacturing index...

German bunds jump after UK Brexit Minister Raab resigns; eyes on ECB President Draghi’s speech, Eurozone October CPI

Nov 15, 2018 10:42 am UTC| Commentary Economy

The German bunds jumped during European session Thursday after the United Kingdoms Brexit Minister Dominic Raab resigned, after disagreement with Prime Minister Theresa May over the set of Brexit negotiations. Investors...

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Economy

Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals

Gold prices reversed early gains and moved lower during Asian trading on Thursday, pressured by a strengthening U.S. dollar and reduced demand for safe-haven assets. Investor focus has shifted toward upcoming central bank...

Thailand Inflation Remains Negative for 10th Straight Month in January

Thailands annual headline inflation rate stayed in negative territory for the tenth consecutive month in January, underscoring continued price pressures driven largely by lower energy costs and government measures aimed at...

Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off

Silver prices tumbled sharply during Asian trading on Thursday, leading a broad sell-off across the precious metals market and erasing most of the short-lived rebound seen earlier this week. The steep decline highlighted...

South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks

South Koreas efforts to stabilise its currency are facing a growing domestic challenge as retail investors continue to pour record amounts of money into U.S. stocks, driving strong demand for dollars while the won trades...

Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady

Federal Reserve Governor Lisa Cook emphasized the importance of protecting the central banks credibility by ensuring inflation returns to its long-term target, signaling continued caution on monetary policy despite recent...

Politics

Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports

The U.S. government is prepared to allow Chinas ByteDance to purchase Nvidias advanced H200 AI chips, but negotiations remain stalled as Nvidia has not agreed to the proposed conditions governing their use. According to...

Trump Endorses Clay Fuller in Georgia Special Election to Replace Marjorie Taylor Greene

President Donald Trump has thrown his weight behind conservative prosecutor Clay Fuller in the upcoming Georgia special election to replace Marjorie Taylor Greene, signaling a major shift in the political dynamics of...

CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences

Hong Kong-based conglomerate CK Hutchison has initiated international arbitration proceedings against the Panamanian government after Panamas Supreme Court annulled licences held by its subsidiary, Panama Ports Company, to...

Trump Stays Neutral on 2028 GOP Successor as Vance and Rubio Emerge as Top Contenders

President Donald Trump has declined to take sides in early speculation over who could succeed him as the Republican presidential nominee in the 2028 election, as Vice President JD Vance and Secretary of State Marco Rubio...

U.S. Justice Department Removes DHS Lawyer After Blunt Remarks in Minnesota Immigration Court

The U.S. Justice Department has removed a government lawyer from a high-pressure assignment in Minnesota following blunt comments made in federal court about her workload and the governments failure to comply with judicial...

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

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....

Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised

Sony Corp (TYO:6758) reported stronger-than-expected third-quarter earnings, driven by solid performance in its gaming, music, and image sensor businesses. The Japanese conglomerate also raised its full-year forecast,...

SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO

Elon Musks SpaceX is reportedly exploring ways to secure early inclusion in major stock market indexes ahead of its highly anticipated initial public offering, a move aimed at boosting liquidity and stabilizing its share...