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Sat, Jul 11, 2026 07:23 PM All times are UTC

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AUD/USD likely to trade around 0.75 by end-2017, says Scotiabank

May 03, 2017 17:36 pm UTC| Commentary

In recent weeks, the Australian dollar has depreciated against the U.S. dollar along with its commodity peers, such as the Canadian dollar. In spite of Australias growth outperformance, a weakened price outlook for its...

Euro area economic growth meets expectations in Q1 2017

May 03, 2017 16:51 pm UTC| Commentary

Data released earlier this day showed that the euro area economic growth expanded 0.5 percent in the first quarter of 2017 on a sequential basis and was up 1.7 percent year-on-year. This is in line with the consensus...

U.S. ISM non-manufacturing index rises in April

May 03, 2017 16:33 pm UTC| Commentary

The service sector momentum in the U.S. rebounded in April. The Institute for Supply Managements ISM non-manufacturing index rose 2.3 points to 57.5 in April after dropping in March. The April print is quite above market...

US ADP Report: Below expectation

May 03, 2017 12:51 pm UTC| Commentary Economy

Today ADP employment numbers were released from the US for the month of April. ADP number shows the US labor markets remains strong. There are two things to note in the headline that, The report was almost in...

ADP employment report preview

May 03, 2017 11:14 am UTC| Commentary Economy

ADP employment data to be released at 12:15 GMT is todays most vital dockets from the US to be watched by market participants. This report is one of the key data that investors will use to gauge US economic strength. What...

API reports deficit while the market awaits EIA report

May 03, 2017 11:00 am UTC| Commentary

WTI recovered from the slump of $47 per barrel, as it found support in the recent rise in geopolitical tensions in the Middle East. Earlier this month, the US President Donald Trump launched missile strikes on Syria in...

Commodities snapshot (precious & industrial)

May 03, 2017 10:49 am UTC| Commentary

The metal pack is down today. Performance this week at a glance in chart table - Gold: Gold is looking for support around $1250 area amid the lack of haven demand. Todays range $1252-1257 We expect the gold...

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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...