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South Korea posts trade surplus for 56 straight months in September

Oct 18, 2016 05:11 am UTC| Commentary Economy

The South Korean economy posted a trade surplus for 56 straight months during the period of September, as the fall in imports outnumbered the decline in exports. South Koreas revised figure for trade surplus in...

FxWirePro: The Day Ahead- 18th October, 2016

Oct 18, 2016 04:46 am UTC| Commentary Economy

Not many economic dockets scheduled for today but some with high volatility risks associated. Data released so far: Australia: New motor vehicle sales grew 2.5 percent m/m in September, up 0.8 percent from a year...

China Q3 growth likely to be tad lower, well within the state’s targeted range

Oct 18, 2016 04:43 am UTC| Commentary Economy

Chinas economic growth during the third quarter is expected to be atad lower than that in the previous quarter, although reasonably well within the states targeted range of. The governments reform plans and successful...

FxWirePro: What does UK BoP imply for sterling in conjunction with post-brexit scenario?

Oct 17, 2016 12:22 pm UTC| Economy Insights & Views

No doubt, the spotlight for investors in euro area and in the UK is progressively more on the post-Brexit destination for the economy, not so much the starting point for this journey, hence GBP has decoupled from the data...

IMF remains wary on medium-term outlook of advanced economies, sees financial risks in China

Oct 17, 2016 11:53 am UTC| Commentary Economy

The International Monetary Fund (IMF) has remained wary over the medium-term growth outlook of advanced economies, besides, foreseeing financial risks in China, at the IMFs annual meeting. The forecast of financial risks...

BoJ maintains optimism on economic growth in quarterly regional report

Oct 17, 2016 10:54 am UTC| Commentary Economy Central Banks

The Bank of Japan (BoJ) has maintained optimism over the countrys economic growth prospects in the quarterly regional report released Monday. The central bank has remained positive over the countrys nine regions but...

Watch out for Saudi Arabia’s big bond sale this week

Oct 17, 2016 09:48 am UTC| Commentary Economy

Lets first answer the question Why do you need to watch out for the bond sale? Reasons are several for example it is the first international bond sale by the government but most importantly it would be a judgment from...

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Economy

Gold Prices Slip in Asia as Iran Strait Deadline Looms

Gold prices retreated in Asian trading on Monday following a strong weekly performance, with investors closely watching escalating tensions between the United States and Iran over control of the Strait of Hormuz. Spot gold...

Strait of Hormuz Crisis Fuels Oil Surge as Asian Markets Brace for Impact

Asian markets opened with a cautious tone Monday as geopolitical tensions in the Middle East continued shaking investor confidence. U.S. President Donald Trumps stern warning to Iran threatening devastating military...

Dollar Holds Steady as Yen Nears Critical 160 Level Amid Iran War Escalation

Global currency markets opened cautiously on Monday as the U.S. dollar maintained its footing while the Japanese yen hovered dangerously close to the psychologically significant 160-per-dollar threshold. Thin trading...

Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation

Morgan Stanley believes the Federal Reserve will push forward with interest rate cuts in 2026, even as rising oil prices temporarily inflate headline inflation figures. According to the banks analysts, the current...

China's Energy Resilience Shields Economy From Global Oil Shock, Goldman Sachs Says

Goldman Sachs analysts believe China is among the best-positioned major economies to weather the current oil price shock stemming from escalating Middle East tensions, citing the countrys diversified energy strategy,...

Politics

Taiwan Opposition Leader's China Visit: A Peace Mission Amid Rising Tensions

Taiwans Kuomintang (KMT) chairwoman Cheng Li-wun is heading to China on Tuesday in a landmark visit the first by a KMT leader in over a decade. She describes the trip as a peace mission, with a potential meeting with...

U.S. and Iran Edge Toward Potential 45-Day Ceasefire Amid Escalating Tensions

Diplomatic efforts between the United States and Iran are gaining momentum, with mediators from Pakistan, Egypt, and Turkey joining negotiations aimed at brokering a potential 45-day ceasefire, according to a report by...

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

Iran Rejects Trump's Hormuz Ultimatum, Threatens Wider Trade Disruption

Iran has firmly pushed back against U.S. President Donald Trumps latest threats over the Strait of Hormuz, dismissing his ultimatum and introducing new conditions that could further destabilize global trade routes. The...

Trump Issues Deadline for Iran to Reopen Strait of Hormuz Amid Escalating Conflict

President Donald Trump has set an 8:00 p.m. Eastern Time Tuesday deadline for Iran to reopen the Strait of Hormuz, one of the worlds most critical oil shipping routes, warning of severe military consequences if the demand...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...