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Tue, Jul 14, 2026 12:57 AM All times are UTC

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Australian bonds slump following weakness in US Treasuries after U.S. Senate nods for budget blueprint

Oct 23, 2017 02:53 am UTC| Commentary Economy

Australian government bonds plungedMondayfollowing weakness in the U.S. Treasuries as investors reduced bond holdings on worries about more inflation and federal borrowing after the U.S. Senate passed a budget...

U.S. existing home sales rise sequentially in September

Oct 20, 2017 20:34 pm UTC| Commentary

Existing home sales in the U.S. rose sequentially in September by 0.7 percent to 5.39 million, as compared to the consensus expectations of a slight moderation of 5.30 million. The rebound was mainly due to sales of...

Canadian retail sales volume drops slightly in August

Oct 20, 2017 20:01 pm UTC| Commentary

Canadas retail sales dropped a bit in August, falling 0.3 percent sequentially. Removing the impact of prices, the performance was weaker, as volumes dropped 0.7 percent. In spite of strong sales growth among motor vehicle...

Canadian headline inflation accelerates in September

Oct 20, 2017 19:33 pm UTC| Commentary

Canadas headline inflation accelerated in September to 1.6 percent year-on-year from Augusts 1.4 percent, coming in slightly below consensus expectations of 1.7 percent. On a sequential basis, the consumer price inflation...

Bank of Canada likely to hike key interest rate by 25 bps in December

Oct 20, 2017 18:15 pm UTC| Commentary

The Bank of Canada is likely to raise its key interest rate by 25 basis points in December and twice more next year around April and October, noted Scotiabank in a research report. The risk is tilted towards later than...

U.S. trade and currency account deficits likely to continue to expand, says Scotiabank

Oct 20, 2017 17:19 pm UTC| Commentary

U.S. merchandise exports have recorded their greatest annual gains in half a decade, underpinned by a significant rebound in commodity exports and renewed strength in manufacturers. Increased prices of oil and minerals...

Australian headline inflation likely to have accelerated in Q3 on sharp rises in electricity, gas prices

Oct 20, 2017 16:28 pm UTC| Commentary

The Australian headline inflation figure for the third quarter is expected to be dominated by the effect of the sharp rises in residential electricity and gas prices that came into effect via most of the country on 1...

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Economy

Dollar Eases as Middle East Conflict, Fed Outlook and Japan Pension Policy Drive FX Markets

The U.S. dollar gave up early gains on Monday as investors weighed escalating conflict in the Middle East against shifting expectations for Federal Reserve policy, while the Japanese yen weakened after a Reuters report...

European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets

European stock markets opened lower on Monday as escalating conflict in the Middle East fueled a broad risk-off sentiment, while Irans announcement that it had closed the Strait of Hormuz heightened fears of global energy...

South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens

South Koreas benchmark KOSPI index briefly triggered a trading curb on Monday after tumbling more than 5%, as heavy selling in major technology and semiconductor stocks rattled Asian markets. The sharp decline reflected...

Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage

Iraqs Prime Minister Ali al-Zaidi is set to visit Washington on Monday as Baghdad and the United States seek to strengthen their strategic partnership through new energy, trade and investment agreements. The visit is...

Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes

Most Asian currencies traded lower on Monday as a stronger U.S. dollar and rising Treasury yields pressured regional foreign exchange markets, while the Japanese yen drew support from renewed speculation that Japans...

Politics

UK Sanctions 24 Russian-Linked Targets Over Cyberattacks and Election Interference

The United Kingdom on Monday imposed sanctions on 24 individuals and entities linked to Russia over alleged cyberattacks, election interference, and the spread of anti-Ukraine disinformation across Europe. The move marks...

EU to Propose New Rules Limiting Children's Access to Social Media

The European Commission is preparing to introduce new rules aimed at limiting childrens access to social media platforms, with a formal proposal expected after the summer break, European Commission President Ursula von der...

HHS Watchdog Reports $5.56 Billion in Healthcare Fraud Recoveries as Enforcement Actions Decline

The U.S. Department of Health and Human Services (HHS) Office of Inspector General (OIG) reported $5.56 billion in expected recoveries and projected savings during the six months from October through March, while excluding...

Western Allies Push for More Air Defenses for Ukraine at Paris Summit

Western leaders are set to seek additional air defense commitments for Ukraine during a high-level meeting in Paris on Monday, as Kyiv faces growing challenges intercepting Russian ballistic missile attacks despite recent...

Zelenskiy Plans Ukraine Government Shake-Up as Prime Minister Svyrydenko Set to Step Down

Ukrainian President Volodymyr Zelenskiy announced plans to replace Prime Minister Yulia Svyrydenko after just one year in office, setting the stage for a broader government reshuffle as Kyiv seeks to implement a new...

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

TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings

Taiwan Semiconductor Manufacturing Co. (TSMC), the worlds largest contract chipmaker, posted strong second-quarter revenue growth as robust demand for artificial intelligence (AI) chips continued to drive business across...

Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub

Samsung Electronics is set to begin operations at its first semiconductor fabrication plant in the Yongin chip cluster in 2029, marking a faster-than-expected rollout of one of South Koreas most significant chip...

Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX

Morgan Stanley believes Chinas rapidly advancing reusable rocket program represents the biggest long-term competitive threat to SpaceX, following the countrys first successful recovery of an orbital-class rocket booster....

SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing

SK Hynix shares fell as much as 4.4% in early trading on Monday, even after the South Korean memory chip giant posted a strong debut on the Nasdaq following one of the largest U.S. listings by an Asian technology company....

Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft

Apple has filed a lawsuit against OpenAI and two former Apple employees, accusing them of misappropriating confidential company information and trade secrets tied to its hardware development efforts. The lawsuit, filed...