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Sat, Jul 11, 2026 10:56 PM All times are UTC

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German 10-year bund yields jump to near 2-month high on expectations of rise in Q1 GDP

May 11, 2017 09:12 am UTC| Commentary Economy

The 10-year German bund yields jumped to near 2-month high Thursday, following expectations of a rise in the first quarter gross domestic product (GDP), scheduled to be released on May 12. Further, the countrys consumer...

Brexit Series: UK unlikely to break apart through Brexit

May 11, 2017 08:31 am UTC| Commentary

Britain, Scotland, Northern Ireland, and Gibraltar forms what we call the United Kingdom and since the Brexit letter was delivered to the European Council President Donald Tusk from the Prime Minister of the UK Theresa...

BoK likely to leave benchmark interest rate at 1.25 pct until Q2 2018, says Scotiabank

May 11, 2017 08:25 am UTC| Commentary Economy

The Bank of Korea (BoK) is expected to leave the benchmark interest rate at its current level of 1.25 percent at least until the second half of 2018 when a cautious monetary tightening phase will commence. Further, the...

Brexit Series: Juncker cornered over Brexit meeting leaks

May 11, 2017 07:43 am UTC| Commentary

European Commission President Jean-Claude Juncker got seriously cornered within the European Union after the details of his meeting with the UK Prime Minister Theresa May appeared in a German news tabloid. After German...

Central Banking Series

Global Geopolitics Series

Global Geo-political Series: ECB’s Draghi grilled at Dutch parliament on probable Dutch exit bill

May 11, 2017 07:08 am UTC| Commentary

An interesting debate broke out at the Dutch parliament between the chief of the European Central Bank (ECB) Mario Draghi and the Forum for Democracy leader Thierry Baudet. During the question-answer session after Mr....

EUR/GBP likely remain volatile and sensitive to developments in Brexit negotiations, says Danske Bank

May 11, 2017 06:50 am UTC| Commentary Economy

Since the European Union referendum in June 2016, EUR/GBP has been caught in no mans land trading within the 0.84-0.88 range most of the time. As such, we do not see the upcoming UK general election as a major game changer...

New Zealand bonds end higher post RBNZ maintains neutral policy stance

May 11, 2017 06:10 am UTC| Commentary Economy

The New Zealand bonds ended Thursdays session on a higher note after reading the Reserve Bank of New Zealands (RBNZ) neutral monetary policy stance, wherein the central bank maintained its official cash rate (OCR) at a...

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Economy

Gordie Howe Bridge to Open July 27 After U.S.-Canada Reach Toll Revenue Agreement

The long-awaited Gordie Howe International Bridge connecting Detroit, Michigan, and Windsor, Ontario, is set to officially open on July 27 after the United States and Canada reached a new agreement over toll revenue,...

Fed Reaffirms 2% Inflation Goal, Vows Forceful Action to Anchor Price Expectations

The Federal Reserve reaffirmed its commitment to restoring price stability, saying it is prepared to act forcefully if necessary to keep longer-term inflation expectations anchored around its 2% target. The pledge came in...

Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans

The U.S. dollar traded within a narrow range on Friday and was on track for a modest weekly gain as investors weighed evolving inflation expectations, Federal Reserve policy signals, and renewed geopolitical tensions in...

Wall Street Rises as SK Hynix’s Record Nasdaq Debut Steals Spotlight Ahead of U.S. CPI Data

Wall Street ended higher on Friday, led by the blockbuster Nasdaq debut of South Korean memory chip giant SK Hynix, while investors largely shrugged off renewed U.S.-Iran tensions and shifted their attention to next weeks...

Gold Prices Set for Weekly Loss as Iran Tensions and Fed Rate Outlook Weigh

Gold prices declined on Friday and were headed for a weekly loss as escalating tensions between the United States and Iran, along with higher oil prices, fueled concerns that inflation could remain elevated and keep the...

Politics

Lindsey Graham Urges China to Pressure Russia Into Ukraine Peace Talks

U.S. Senator Lindsey Graham said China could play the most influential role in pushing Russia toward peace negotiations, arguing that Beijings leverage over Moscow may be key to ending the war in Ukraine. Speaking in Kyiv...

Trump Election Commission Firings Follow White House Push for Voting System Changes

The White House spent months exploring ways to bypass the U.S. Election Assistance Commission (EAC) and use emergency powers to accelerate changes to voting systems before President Donald Trump dismissed the agencys...

Trump Administration Doubts Iran Nuclear Deal as Strait of Hormuz Tensions Persist

The Trump administration is growing increasingly skeptical about the prospects of reaching a long-term nuclear agreement with Iran, as U.S. officials push Tehran to prove it is honoring a temporary peace arrangement before...

ASEAN to Hold Landmark Myanmar Talks as Bloc Seeks Progress on Civil War

The Association of Southeast Asian Nations (ASEAN) will hold an informal meeting with Myanmars foreign minister on Sunday to discuss the countrys ongoing civil war and its future engagement with the regional bloc, marking...

NATO Leaders Receive Engraved Turkish Revolvers as Unusual Summit Gifts

Turkish President Recep Tayyip Erdogan surprised NATO leaders with an unusual diplomatic gift after the alliances summit in Ankara, presenting each visiting leader with an engraved vintage Turkish revolver complete with...

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

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...

SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO

SK Hynix made a strong debut on the Nasdaq on Friday, with its American Depositary Receipt (ADR) shares closing 12.8% higher at $168.01 after completing a record-breaking $26.5 billion U.S. initial public offering (IPO),...

Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI

Elon Musk has publicly praised artificial intelligence startup Anthropic, saying the company is obviously the current leader in AI, in a rare acknowledgment of a key rival as competition among top AI developers...

OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO

OpenAIs head of products and business, Fidji Simo, announced on Thursday that she will step down from her leadership role and transition to a part-time advisory position after experiencing complications from a chronic...

Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership

Samsung Electronics Chairman Lee Jae-yong is expected to meet Nvidia CEO Jensen Huang in the United States by the end of July as the two technology giants explore deeper cooperation in semiconductor manufacturing and...