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Bank Negara Malaysia keeps interest rate on hold, unlikely to change policy settings in 2017

Sep 07, 2017 17:57 pm UTC| Commentary Central Banks

Malaysian central bank, Bank Negara Malaysia, kept its key interest rate on hold on Thursday. The Overnight Policy Rate was kept unchanged at 3 percent. The central bank, in its policy statement, highlighted on the...

ECB keeps monetary policy on hold, decision on changes to policy likely to be made in October

Sep 07, 2017 16:24 pm UTC| Commentary Central Banks

As widely expected, the European Central Bank kept its monetary policy on hold during its meeting today, leaving interest rate on its refinancing operations, marginal lending facility, and its deposit facility on hold at 0...

FxWirePro: Stay short in GBP/SEK with ideal risk-reward profiling on cautious Riksbank

Sep 07, 2017 12:27 pm UTC| Central Banks Research & Analysis Insights & Views

The Riksbank remains cautious. It is still saying nothing about the end of the government bond purchasing programme at the end of the year and does not envisage a rate hike before mid-2018. Consequently, the interest...

FxWirePro: Hype or fact? Euro gains upside traction in spot and OTC markets ahead of ECB

Sep 07, 2017 10:34 am UTC| Central Banks Research & Analysis Insights & Views

We head into the ECB with prices still within 1.1820 support and the 1.1980 reactions high from last week, currently, gaining upside traction with prevailing spot price at 1.1976 levels. We consider that the 1.20-1.23 area...

FxWirePro: What to expect from ECB ahead?

Sep 07, 2017 09:00 am UTC| Commentary Central Banks

Today European Central Bank (ECB) is to provide further guidance in policy meet. Result to be announced at 11:45 GMT, followed by a press conference at 12:30 GMT. The meeting is to be held in Frankfurt, Germany. Current...

Loonie’s OTC bids to substantiate optimistic BoC’s hiking policy – FxWirePro’s 1st target achieved, on verge of 2nd target

Sep 07, 2017 07:45 am UTC| Central Banks Research & Analysis Insights & Views

The Bank of Canada today hiked its interest rate by 25 bp to 1.00%. This took the market by surprise CAD rallied sharply with USDCAD falling below 1.22. Since May, CAD has appreciated by more than 12% against USD. We fear...

BNM likely to leave overnight policy rate (OPR) unchanged at 3.00 pct, says Scotiabank

Sep 07, 2017 06:45 am UTC| Commentary Central Banks Economy

Bank Negara Malaysia (BNM) is expected to leave its overnight policy rate (OPR) unchanged at 3.00 percent given the nations strong economic growth and benign inflation outlook. Malaysias economy grew 5.8 percent y/y in the...

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Economy

IMF Maintains 2027 Global Growth Forecast at 3.4% Amid Rising Risks

The International Monetary Fund (IMF) maintained its 2027 global economic growth forecast at 3.4%, warning that escalating Middle East tensions, rising government debt and persistent inflation could threaten the global...

Philippines Current Account Deficit Seen at $19.1 Billion in 2026

The Bangko Sentral ng Pilipinas (BSP) expects the Philippines current account deficit to reach $19.1 billion in 2026, equivalent to 3.8% of the countrys gross domestic product (GDP), according to projections announced by...

RBA Signals More Rate Hikes as Inflation Risks Rise

The Reserve Bank of Australia (RBA) has indicated that further interest rate hikes remain possible as policymakers confront persistent inflation pressures and rising global costs, according to minutes from its September...

Gold Prices Rebound as Dollar Weakens Ahead of US Inflation Data

Gold prices rose on Tuesday as a softer U.S. dollar supported precious metals, although escalating Middle East tensions and expectations of further Federal Reserve interest-rate hikes continued to limit gains. Spot gold...

Asian Currencies Steady as Dollar Nears 18-Month High Ahead of US CPI

Asian currencies traded in narrow ranges on Tuesday as investors remained cautious ahead of crucial U.S. inflation data, while the U.S. dollar stayed near an 18-month high amid geopolitical tensions and sustained demand...

Politics

US Condemns China Sanctions on Taiwan Allies Belize and Paraguay

The Trump administration has criticized China for imposing sanctions on government ministers from Belize and Paraguay over their diplomatic relations with Taiwan, accusing Beijing of using coercion to undermine the...

Kim Jong Un Showcases ICBM Ahead of Possible Trump Meeting

North Korean leader Kim Jong Un visited a newly opened military museum showcasing advanced weapons, including an intercontinental ballistic missile (ICBM) capable of striking the United States, according to state media...

Trump Denies Russia and China Are Helping Iran in U.S. Conflict

U.S. President Donald Trump said Monday evening that he does not believe Russia or China is providing significant assistance to Iran in its ongoing conflict with the United States, despite reports suggesting both countries...

Most Americans Oppose Election Betting on Prediction Markets, Poll Finds

A majority of Americans oppose betting on US elections, military operations and government decisions through prediction markets, according to a Reuters/Ipsos poll, highlighting public concerns as regulators consider new...

Elon Musk Donates $366 Million to 2026 US Midterms

Elon Musk has poured approximately $366 million into the 2026 US midterm elections, making the Tesla and SpaceX CEO potentially the largest individual political donor of the election cycle as Republicans fight to retain...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Nvidia’s China AI Chip Market Share Falls to 34% as Huawei Gains Ground

Nvidias share of Chinas artificial intelligence chip market declined sharply during the first half of 2026 as U.S. export restrictions and growing competition from domestic semiconductor manufacturers reshaped the...

Samsung, SK Hynix Shares Plunge as China Chip Competition Grows

Shares of South Korean semiconductor giants Samsung Electronics and SK Hynix plunged on Tuesday, extending a steep selloff as investors weighed rising competition from Chinese memory chipmakers and growing uncertainty...

Moonshot AI Executives Seek Settlement Ahead of Hong Kong IPO

Senior executives at Chinese artificial intelligence startup Moonshot AI are reportedly negotiating a settlement in a shareholder dispute ahead of the companys planned Hong Kong initial public offering (IPO). According to...

Meta Launches Muse Wonder AI Models, Shares Rise 3.7%

Meta Platforms has unveiled its latest artificial intelligence models, Muse Wonder and Muse Wonder Full, marking a major step in the companys efforts to compete with leading AI developers. The announcement on Monday...

Epic Games Delays Disney Shooter, Shifts to AI-First Development

Epic Games has reportedly postponed the launch of its upcoming Disney multiplayer shooter as the Fortnite developer adopts an artificial intelligence-driven approach to game production, according to Bloomberg. The highly...
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