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Sat, Jul 11, 2026 01:22 AM All times are UTC

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Asian markets in red, gold stabilizes above $1,250 mark

Feb 27, 2017 03:35 am UTC| Commentary

All the major Asian indices start a new week with a negative note on Monday. On the other side, gold and silver were marginally higher in early hours of Asia. Gold was trading around $1,256 mark while silver was trading...

Canadian corporate profits rise in Q4, reinforces solid economic picture

Feb 24, 2017 15:56 pm UTC| Commentary

Canadian corporate profits were up again in the fourth quarter of 2016, extending the second quarterly gain after the streak of falling profits during late 2015/early 2016. The fairly widespread gains in corporate...

French government bonds and EUR under pressure ahead of upcoming French presidential election

Feb 24, 2017 15:33 pm UTC| Commentary Economy

Upbeat data from the euro area this week, with strong manufacturing PMIs and German ifo readings failed to boost the single currency. French government bonds and the EUR remain under pressure, as investors remain focused...

Italy industrial orders spike at the end of 2016, driven by strong domestic demand

Feb 24, 2017 15:14 pm UTC| Commentary

Data from statistical office Istat showed Friday that Italys industrial orders increased at the fastest pace in four months in December. Italys industrial orders rose 2.8 percent month-over-month in December, following a...

Canadian small business confidence rises to 62.9 in Feb, hits 2-year high

Feb 24, 2017 14:48 pm UTC| Commentary

According to the latest monthly survey by the Canadian Federation of Independent Business (CFIB), Canadian small business confidence index rose 2.7 points in February to 62.9. The reading showed an improvement of 8.2...

U.S. jobless claims remain near record low territory, underscore strengthening labour market

Feb 24, 2017 14:36 pm UTC| Commentary

U.S. initial jobless claims for the week ending February 18 rose slightly last week by 6,000 to a seasonally adjusted 244,000, the Labor Department said on Thursday. The rise was modestly above consensus expectations at...

U.S. home sales surge to 10-year high in Jan, signals growing confidence

Feb 23, 2017 16:38 pm UTC| Commentary

U.S. home buyers shrugged off higher prices and mortgage rates existing home sales data released by the National Association of Realtors (NAR) showed on Wednesday. After reporting a drop in U.S. existing home sales in the...

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Economy

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...

European Regulators Clash With U.S. Treasury Over Private Credit Transparency

European financial regulators are facing resistance from the U.S. Treasury as they seek greater transparency into banks exposure to the fast-growing private credit market, underscoring a widening regulatory divide between...

Gold Prices Slip as U.S.-Iran Conflict, Fed Rate Hike Bets Pressure Precious Metals

Gold prices traded little changed on Friday but remained on track for a weekly decline as escalating military tensions between the United States and Iran boosted inflation concerns and strengthened expectations that the...

Politics

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...

Trump Administration Sues Maryland Over Alleged Sanctuary Immigration Policies

The U.S. Department of Justice (DOJ) has filed a lawsuit against the state of Maryland, accusing it of enforcing so-called sanctuary policies that the Trump administration says hinder federal immigration enforcement...

Regional Powers Push to Revive U.S.-Iran Nuclear Talks After Escalation

Regional powers are intensifying diplomatic efforts to prevent the collapse of a U.S.-Iran nuclear understanding after a sharp rise in military tensions, according to an Axios report published Thursday citing sources...

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...