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U.S. Treasuries suffer ahead of FOMC Chair Powell, member Kashkari’s speech

Oct 07, 2019 12:02 pm UTC| Commentary Economy

The U.S. Treasuries slumped during Mondays afternoon session ahead of a speech by Federal Open Market Committee (FOMC) Chair Jerome Powell, scheduled to be delivered at 17:00GMT, besides, a speech from another member, Neel...

UK gilts narrowly mixed in muted trading session ahead of August manufacturing production

Oct 07, 2019 11:08 am UTC| Commentary Economy

The United Kingdoms gilts remained narrowly mixed during European trading hours Monday amid a muted trading session that hardly witnessed any data of major economic significance ahead of the countrys monthly GDP and...

German bunds gain after August industry orders disappoint; industrial production eyed

Oct 07, 2019 10:24 am UTC| Commentary Economy

The German bunds gained during European trading session Monday following disappointment in the countrys industry orders for the month of August, while industrial production is still eyed for the similar period, due for...

Germany’s industry orders fall wider than market estimates; economic output unlikely to accelerate significantly

Oct 07, 2019 09:50 am UTC| Commentary Economy

Germanys industry orders fell by 0.6 percent during the month of August compared to that in July, which is more than expected. Leading indicators such as Ifo expectations also indicate that the downward trend in German...

Russian ruble unlikely to weaken; interest rate developments likely to be roughly RUB-neutral, says Commerzbank

Oct 07, 2019 09:07 am UTC| Commentary Economy

The Russian ruble is not expected to weaken despite a 25bp interest rate cut likely to be adopted by the Central Bank of Russia (CBR); however, interest rate developments in the country are likely to roughly RUB-neutral,...

MAS to slightly reduce slope of S$NEER policy band to around 0.5 pct at the upcoming semi-annual policy meeting, says Scotiabank

Oct 07, 2019 06:54 am UTC| Commentary Central Banks Economy

The Monetary Authority of Singapore (MAS) is expected to slightly reduce the slope of its S$NEER policy band to around 0.5 percent from the current 1.0 percent annual pace at the upcoming semi-annual policy meeting, given...

FxWirePro: Asian markets in green, gold stabilizes above $1,500 mark

Oct 07, 2019 04:53 am UTC| Commentary

All the major Asian indices were trading on a higher note on Monday. Gold was trading around $1,505 mark while silver was trading around $17.51 mark. Japans Nikkei was trading 0.20 pct lower at 21,366.55...

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Economy

Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns

Global oil prices continued to decline on Thursday, reaching levels close to those seen before tensions escalated between Iran and its regional rivals. The sharp drop in crude prices reflects growing confidence that oil...

White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response

The White House has formally asked Congress to approve an $87.6 billion supplemental spending package aimed at covering expenses tied to the ongoing Iran war, while also providing funding for American farmers and...

Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies

Japans government is preparing to push for a monetary policy that supports stronger private demand, highlighting its preference for keeping borrowing costs low even as the Bank of Japan (BOJ) continues normalizing interest...

Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion

Gold prices continued their downward trend during Asian trading on Thursday, falling to their lowest level in more than seven months as a stronger U.S. dollar and growing expectations of additional Federal Reserve interest...

South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost

South Koreas benchmark KOSPI index soared more than 5% at Thursdays market open, prompting the Korea Exchange (KRX) to temporarily halt program trading after a sharp rally fueled by leading semiconductor stocks. The...

Politics

US Mobilizes Aid After Powerful Earthquakes Devastate Venezuela

Powerful earthquakes that struck Venezuela on Wednesday have prompted an immediate response from the United States, which is coordinating with Venezuelan authorities and preparing emergency assistance for the disaster-hit...

US Urges States and Businesses to Strengthen Taiwan Ties Amid China Pressure

The United States has urged state governments and private businesses to strengthen their engagement with Taiwan after raising concerns that Chinese officials have been attempting to discourage such relationships. According...

Young Brazilian Voters Shift Right Ahead of 2026 Election

As Brazil prepares for its October presidential election, a growing number of young voters are moving away from the left, signaling a major political shift that could influence the countrys future. Many who once supported...

Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million

Representative Nancy Pelosi has disclosed a new financial transaction report revealing that her spouse, Paul Pelosi, purchased substantial call options in Intel Corporation (NASDAQ: INTC) and Uber Technologies Inc. (NYSE:...

Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers

U.S. President Donald Trump has asked Congress to approve more than $11 billion in additional farm aid to help American farmers cope with soaring fuel and fertilizer expenses linked to the recent Iran conflict. According...

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

SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business

SK Hynix has announced plans to raise as much as $29.4 billion through a Nasdaq listing in the United States, positioning the deal as one of the largest global stock offerings in history. The South Korean memory chip...

Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign

Alibaba Groups Hong Kong-listed shares dropped sharply on Thursday after reports revealed that U.S.-based artificial intelligence company Anthropic accused the Chinese tech giant of conducting a large-scale campaign to...

Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism

Samsung Electronics and SK Hynix posted strong gains on Thursday after Micron Technology delivered record quarterly earnings and issued a stronger-than-expected revenue forecast, reinforcing confidence in the growing...

Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast

Micron Technology (NASDAQ: MU) delivered a stronger-than-expected fiscal third-quarter performance and issued an optimistic outlook for the fourth quarter, sending its shares up nearly 9% in after-hours trading. The...

Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test

Anthropics advanced artificial intelligence model identified vulnerabilities in classified U.S. government computer systems during a recent security testing exercise, according to a report by the Associated Press citing a...
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