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FxWirePro: Asian markets mixed, gold slips below $1,290 mark

May 18, 2018 05:06 am UTC| Commentary

All the major Asian indices were trading on a mixed note on Friday. Gold was trading around $1,288 mark while silver was trading around $16.38 mark. Japans Nikkei was trading 0.31 pct higher at 22,908.55...

FxWirePro: The Day Ahead- 18th May 2018

May 18, 2018 04:26 am UTC| Commentary Central Banks

Not many of economic data and events scheduled for today, and all with low to medium volatility risks associated. Upcoming: Germany: Producer price inflation report will be released at 6:00 GMT, along with...

Australian 10-year bonds yield hits highest since March 2017 tracking heavy sell-off in U.S. Treasuries

May 18, 2018 03:40 am UTC| Commentary Economy

Australian government bonds slumped across the curve on last trading of the weekFridaytracking heaving sell-off in the U.S. Treasuries. The U.S. 10-year Treasury yield hit highest since June 2011 of 3.12 percent on...

Canadian headline consumer price inflation likely rose year-on-year in April

May 17, 2018 21:09 pm UTC| Commentary

The Canadian headline consumer price inflation data for April is set to be released tomorrow. According to a TD Economics research report, the consumer price index is expected to have risen to 2.4 percent year-on-year,...

USD/CAD likely to fall forwards to 1.20 by end-2019, says Lloyds Bank

May 17, 2018 20:32 pm UTC| Commentary

The Canadian dollar continues to consolidate in its medium-term range against the U.S. dollar, noted Lloyds Bank in a research report. The Canadian dollar, in recent weeks, has sustained by the sharp rise in oil prices and...

Canadian retail sales likely to have moderated in March – TD Economics

May 17, 2018 20:02 pm UTC| Commentary

Canadian retail sales data for the month of March is set to be released tomorrow. According to a TD Economics research report, retail sales are expected to have grown just 0.2 percent as a pullback in motor vehicle sales...

Swedish housing starts fall in Q1 2018, likely to decline further going forward

May 17, 2018 19:20 pm UTC| Commentary

Swedish housing starts fell in the first quarter of this year, probably marking the start of a prolonged downturn. This is expected to be a drag on the economic growth going forward, noted Nordea Bank in a research...

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Economy

Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook

Japans core consumer inflation likely accelerated in June as higher energy prices and revised medical service fees offset easing food inflation, reinforcing expectations that the Bank of Japan (BOJ) could continue raising...

Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia

Japans Nikkei 225 tumbled more than 5% on Friday, falling to its lowest level since June 11 as a global selloff in artificial intelligence (AI) and semiconductor stocks intensified. The decline mirrored heavy overnight...

Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions

Asian stock markets ended mostly lower on Friday, led by a sharp decline in Japans Nikkei 225 as technology and semiconductor stocks extended a global selloff. Investor sentiment also remained under pressure amid...

Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs

Brazil is preparing a series of retaliatory measures against the United States after the Trump administration imposed a 25% tariff on many Brazilian products, according to sources familiar with the discussions. Senior...

Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears

Oil prices edged higher during Asian trading on Friday and remained on course for their strongest weekly gain in months as escalating military tensions between the United States and Iran continued to raise concerns over...

Politics

Trump Criticizes ABC, NBC and CNN for Limiting Coverage of Election Speech

President Donald Trump criticized ABC, NBC and CNN after the three major U.S. news organizations declined to air his prime-time address on their main television platforms, intensifying his long-running dispute with the...

Iran Launches Fresh Attacks on U.S. Bases as Strait of Hormuz Tensions Escalate

Iran launched new attacks on U.S. military facilities in the Gulf on Friday after the United States carried out a sixth straight night of strikes on Iranian military targets, deepening a conflict that has unraveled last...

US Military Completes Sixth Night of Iran Strikes as Conflict Escalates

The U.S. military said it completed a new wave of strikes on Iran late Thursday, marking the sixth consecutive night of operations ordered by President Donald Trump as tensions between Washington and Tehran continue to...

Nicaragua Cuts Diplomatic Ties With Italy Over Red Brigades Extradition Dispute

Nicaragua has officially severed diplomatic relations with Italy after a renewed dispute over the extradition of former Red Brigades militant Alessio Casimirri, intensifying a decades-long conflict tied to one of Italys...

North Korea Calls South Korea ‘Puppet’ After U.S.-Led RIMPAC Naval Exercise

North Korea sharply criticized South Korea on Friday, labeling Seoul a puppet after its participation in the U.S.-led Rim of the Pacific Exercise (RIMPAC), warning that Washington and Seoul would be responsible for any...

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

KAIST, Stanford Develop Self-Dressing Robot for Cleanrooms and Emergency Gear

Researchers from South Koreas Korea Advanced Institute of Science and Technology (KAIST) and Stanford University have developed an innovative self-dressing robotic technology that allows people to put on clothing without...

SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch

SpaceX (NASDAQ: SPCX) called off the 13th test flight of its Starship rocket just minutes before its scheduled liftoff from its Texas launch site on Thursday after an engine-related issue triggered an automatic abort. CEO...

Sam Altman Admits OpenAI Missteps, Promises Major AI Comeback Focused on User Freedom

OpenAI CEO Sam Altman has publicly acknowledged that the company fell short of expectations over the past year, taking personal responsibility for its performance while outlining an ambitious vision for the future. In a...

Moonshot Launches Kimi K3, China's Largest Open-Source AI Model

Chinese artificial intelligence startup Moonshot has introduced Kimi K3, a new open-source AI model the company describes as the worlds largest of its kind, highlighting Chinas accelerating competition with leading U.S. AI...

Xi Jinping Calls for People-Centered AI Development at WAIC, Expands Global Cooperation

Chinese President Xi Jinping called for a people-centered approach to artificial intelligence (AI) development during his keynote speech at the opening ceremony of the World Artificial Intelligence Conference (WAIC) in...