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Tue, Dec 23, 2025 02:44 AM All times are UTC

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World Trade Organisation gives Australia's plain tobacco packs the (draft) thumbs up

May 05, 2017 14:33 pm UTC| Insights & Views Economy

The World Trade Organisation (WTO) has reportedly backed Australias laws on plain tobacco packaging implemented from December 2012. The apparent decision marks the end of the last of three cases brought against...

EUR/CZK likely to linger around 27.00 for time being as eurozone inflation turns softer again, says Commerzbank

May 05, 2017 10:11 am UTC| Commentary Economy

EUR-CZK rose mildly following yesterdays CNB board meeting and the commentary. The slight weakening of CZK reflects the slight downward revision which CNB made to its inflation forecast. The central bank revised its GDP...

NFP report preview

May 05, 2017 08:44 am UTC| Commentary Economy

Today April NFP report is to be published at 12:30 GMT from the US. What is NFP report? NFP or non-farm payroll report is the monthly statistics on labor condition in the US released by US department of labor...

Central Banking Series

BoE likely to keep policy unchanged next week on downside risks around eventual departure from the EU, says Lloyds Bank

May 05, 2017 08:38 am UTC| Commentary Central Banks Economy

The Bank of Englands (BoE) Monetary policy Committee (MPC) is expected to keep policy unchanged at its May meeting, maintaining a neutral policy bias relative to a market path of interest rates that, compared with...

BRICS bank is offering more of the same rather than breaking the mould

May 05, 2017 08:37 am UTC| Insights & Views Economy

The New Development Bank recently held its second annual meeting in the Indian capital of New Delhi to discuss the sustainability of financing development projects in its member states. The multilateral bank was...

Indonesia Q1 GDP growth disappoints as private consumption, investment remains broadly unchanged

May 05, 2017 06:58 am UTC| Commentary Economy

Indonesias first-quarter gross domestic product (GDP) disappointed markets with both private consumption and investment continuing to grow at the same pace as in the previous quarter. On the positive side, exports...

New Zealand bonds close lower following RBNZ’s upbeat inflation expectations

May 05, 2017 05:50 am UTC| Commentary Economy

The New Zealand bonds ended Fridays session on a weaker note after the Reserve Bank of New Zealand (RBNZ) remained upbeat in its inflation expectations, released early in the day. Further, weakness in global debt market...

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Economy

Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week

U.S. stock markets closed higher on Monday, extending recent gains as investors look to finish the year on a strong note despite thinning trading volumes in a holiday-shortened week. The SP 500 rose 0.5% by the closing...

Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs

Global financial markets started a holiday-shortened week on a positive note, with most major stock indexes posting gains as technology stocks rebounded and investor sentiment improved. Wall Street was supported by...

Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten

Platinum prices surged sharply at the start of the week, rallying more than 4.6% on Monday to break above the $2,000 per ounce level for the first time since 2008. The move marks a 17-year high for the precious metal and...

U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise

The U.S. dollar edged lower on Monday after posting modest gains last week, as cautious market sentiment and rising geopolitical tensions weighed on risk appetite. Currency markets remained largely subdued in Asia, showing...

Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks

U.S. coffee drinkers hoping for cheaper coffee after President Donald Trump rolled back key import tariffs are likely to be disappointed. While the tariff reductions removed duties on hundreds of food items, including...

Politics

Trump Administration Recalls Nearly 30 U.S. Ambassadors in Push for “America First” Agenda

The Trump administration has recalled nearly 30 U.S. ambassadors and senior career diplomats from overseas posts, a move officials say aligns embassies more closely with the presidents America First foreign policy, but...

Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector

Mexicos antitrust commission is set to review a proposed tie-up between low-cost airlines Viva Aerobus and Volaris, a move that has drawn positive remarks from President Claudia Sheinbaum and sparked interest across the...

Australia Moves Toward Tougher Gun Laws After Bondi Shooting

Australias most populous state, New South Wales, is set to introduce significantly tougher gun laws alongside new measures targeting terrorism and public protests, following a deadly mass shooting in Sydneys Bondi area....

Trump Announces Ambitious Plan for New U.S. Navy Super Battleships

U.S. President Donald Trump announced on Monday an ambitious proposal for the United States Navy to begin building a new class of advanced battleships, a move that could significantly reshape the future of American naval...

China’s Nuclear Expansion Raises Arms Control Concerns as Pentagon Report Warns of Growing Military Ambitions

China is rapidly expanding and modernizing its nuclear weapons arsenal, with a draft Pentagon report warning that Beijing may have loaded more than 100 intercontinental ballistic missiles (ICBMs) across three newly...

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

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...

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...