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Czech National Bank likely to hike key interest rate in September

Sep 24, 2018 14:56 pm UTC| Commentary

The Czech National Bank is set to meet this week for its monetary policy decision. According to a KBC Market Research report, the Czech central bank is expected to hike the repo rate to 1.50 percent. However, the question...

Currency snapshot (major pairs)

Sep 24, 2018 14:47 pm UTC| Commentary

Dollar index trading at 94.02 (-0.20%) Strength meter (today so far) Euro +0.32%, Franc -0.27%, Yen +0.03%, GBP +0.58% Strength meter (since last week) Euro +0.32%, Franc -0.27%, Yen +0.03%, GBP +0.58% EUR/USD...

Oil in Global Economy Series: Key oil market updates

Sep 24, 2018 14:32 pm UTC| Commentary

While the oil market continues to focus on supply/demand fundamentals, these are some key updates that you need to keep a tab on, U.S. oil rig count: The United States is continuing to see a surge in production....

Singaporean industrial output likely to have grown in August

Sep 24, 2018 14:19 pm UTC| Commentary

Singaporean industrial output data for the month of August is set to be released this week. According to a DBS Bank research report, industrial output is expected to have risen to 7.5 percent from prior months 6...

Turkish sectoral sentiment indices fall sequentially in September

Sep 24, 2018 12:59 pm UTC| Commentary

Turkish sectoral confidence indices dropped in the month of September 2018. On a seasonally adjusted basis, services confidence index dropped 9.7 percent sequentially to 79.4 in September from Augusts 79.4. This fall in...

FxWirePro: Political chaos lingers in France as Macron’s rating drops to lowest ever

Sep 24, 2018 12:22 pm UTC| Commentary

After then-candidate Emmanuel Macron claimed victory in 2017s Presidential race beating the populist/nationalist candidate Marine La Pen comfortably with 32.2 percent margin, pro-European Union leaders cheered in joy with...

Bank Indonesia likely to hike key interest rate by 25 bps in September

Sep 24, 2018 12:19 pm UTC| Commentary

Bank Indonesia is set to meet this week for its monetary policy decision, a day after the U.S. Fed meeting. According to a DBS Bank research report, the Fed is likely to hike its rate by 25 basis points, which might...

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Economy

Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target

The Bank of Japan (BOJ) is under growing pressure to raise interest rates in a timely manner as underlying inflation approaches its long-standing 2% target, according to comments from board member Kazuyuki Masu. His...

Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals

Gold and silver prices declined sharply in early Asian trading on Friday, extending steep losses from the previous session as profit-taking, a stronger U.S. dollar, and easing geopolitical tensions continued to pressure...

U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock

U.S. stock index futures fell sharply on Thursday evening, extending losses from Wall Street as the ongoing technology stock rout showed little sign of easing. Investor sentiment weakened further after Amazon.com surprised...

Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient

Singapore is expected to unveil a fiscally conservative Budget 2026 next week, with the government aiming to strike a careful balance between sustaining economic growth and reinforcing long-term fiscal discipline....

Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions

U.S. President Donald Trump has given his complete and total endorsement to Japanese Prime Minister Sanae Takaichi ahead of Japans national election this Sunday, signaling strong U.S. backing at a critical moment for...

Politics

U.S. Announces Additional $6 Million in Humanitarian Aid to Cuba Amid Oil Sanctions and Fuel Shortages

The United States will provide an additional $6 million in humanitarian aid to Cuba, bringing the total U.S. assistance to $9 million since Hurricane Melissa struck the island in October, according to a senior State...

South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns

South Korea has reaffirmed its commitment to fulfilling key obligations under its trade deal with the United States, pushing back against concerns in Washington that Seoul is dragging its feet on implementation. According...

Nighttime Shelling Causes Serious Damage in Russia’s Belgorod Region Near Ukraine Border

Nighttime shelling attributed to Ukrainian forces caused what Russian officials described as serious damage in the city of Belgorod, a regional capital in western Russia located close to the Ukrainian border. The incident...

NATO to Discuss Strengthening Greenland Security Amid Arctic Tensions

NATO defence ministers are expected to discuss new measures to strengthen the security of Greenland at an upcoming meeting in Brussels, according to British Defence Secretary John Healey. The talks come amid renewed focus...

Trump Rejects Putin’s New START Extension Offer, Raising Fears of a New Nuclear Arms Race

U.S. President Donald Trump has rejected an offer from Russian President Vladimir Putin to voluntarily extend limits on strategic nuclear weapons following the expiration of the New START treaty, a landmark arms control...

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....

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...

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,...