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Fri, Mar 27, 2026 08:53 AM All times are UTC

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FxWirePro: Asian markets in green, gold hovers around $1,490 mark

Sep 11, 2019 05:10 am UTC| Commentary

All the major Asian indices were trading on a higher note on Wednesday. Gold was trading around $1,490 mark while silver was trading around $18.11 mark. Japans Nikkei was trading 0.84 pct higher at 21,572.77...

Risk-on sentiment likely to continue during rest of September on hopes of US-China talks achieving a breakthrough, says Scotiabank

Sep 11, 2019 04:42 am UTC| Commentary Economy

Risk-on sentiment is likely to continue during the rest of September on hopes for the US-China Washington talks achieving a breakthrough, according to the latest research report from Scotiabank. It was widely reported...

U.S. producer price inflation likely to remain soft in near-term

Sep 10, 2019 20:17 pm UTC| Commentary

The U.S. PPI index data for the month of August is set to release tomorrow. The index shows few signs of domestic producers taking advantage of any additional pricing power because of tariffs, noted Wells Fargo in a...

Chinese remninbi likely to remain under depreciation pressure against USD

Sep 10, 2019 20:13 pm UTC| Commentary

The considerable downside risks the Chinese growth outlook and the uncertainty due to trade conflict imply that the Chinese renminbi might remain under depreciation pressure against the U.S. dollar, noted Commerzbank in a...

Canadian housing starts rise in August, homebuilding likely to remain strong through 2019

Sep 10, 2019 19:36 pm UTC| Commentary

Canadian housing starts continued with their momentum in August, coming in at 226.6k units. This pace surpassed market expectations of 212.5k print. On a sequential basis, starts rose 1.9 percent. Single-detached starts...

Swedish inflation comes in below central bank’s forecast in August

Sep 10, 2019 19:04 pm UTC| Commentary

Swedish CPIF inflation came in at 1.3 percent in August, 0.2 percentage point below the Riksbanks forecast as well as consensus. CPIF ex energy came in at 1.6 percent year-on-year in August, 0.2 percentage point below the...

U.S. small business optimism eases in August, NFIB index falls to 103.1

Sep 10, 2019 16:45 pm UTC| Commentary

The U.S. small business optimism eased in August. The NFIBs small business optimism index dropped 1.6 points to 103.1. The reading came in a slightly below market expectations, which called for a smaller pullback to 103.5....

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Economy

India Slashes Fuel Taxes: A Ten-Rupee Relief Amid Global Energy Turmoil

Effective March 26, 2026, the Indian government made a decisive fiscal action by significantly lowering the Special Additional Excise Duty (SAED) on motor fuels. This change in policy lowers the tax on gasoline from INR 13...

France's 2025 Budget Deficit Shrinks More Than Expected, Easing Fiscal Pressure

France made stronger-than-expected progress on its public finances in 2025, with the national budget deficit falling to 5.1% of GDP a notable improvement from 5.8% recorded in 2024 and well ahead of the governments own...

Oil Prices Slip as Trump Extends Iran Ceasefire Deadline Amid Ongoing War Fears

Global oil prices were on course for a weekly loss on Friday after U.S. President Donald Trump granted Iran a 10-day extension before threatening to strike its energy infrastructure, offering markets a brief reprieve ...

Asian Stocks Rebound as Trump Delays Iran Strike Deadline

Asian equity markets staged a partial recovery on Friday after U.S. President Donald Trump postponed a planned military strike on Iranian energy infrastructure, extending the deadline by over ten days while signaling...

Google's TurboQuant Sends South Korean Chip Stocks Tumbling Amid AI Memory Demand Fears

South Korean equities took a sharp hit Friday as mounting concerns over reduced artificial intelligence memory demand dragged the KOSPI index to its lowest point in more than two weeks. The benchmark fell nearly 3% to...

Politics

Lavrov Claims U.S. Seeks Control Over Damaged Nord Stream Pipelines

Russian Foreign Minister Sergei Lavrov has accused the United States of pursuing dominance over the Nord Stream gas pipelines in the Baltic Sea, which were severely damaged by underwater explosions in September 2022. The...

Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers

Procurement records reveal that four Chinese universities, two of which have direct ties to the Peoples Liberation Army, acquired Super Micro Computer servers loaded with restricted Nvidia AI chips over the past year. The...

U.S. Praises Kurdistan's Role in Oil Markets Amid Iran War Fallout

U.S. Secretary of State Marco Rubio held a significant diplomatic call Thursday with Kurdistan Regional Government Prime Minister Masrour Barzani, signaling Washingtons commitment to regional energy stability as conflict...

Russia Accused of Helping Iran Target U.S. Forces, European Powers Tell G7

European nations have formally accused Russia of providing military intelligence and drone technology to Iran to help target American forces in the Middle East, raising the issue directly with U.S. Secretary of State Marco...

Trump Signs Executive Order to Pay TSA Workers Amid Airport Security Crisis

President Donald Trump announced Thursday that he will sign an executive order directing Homeland Security Secretary Markwayne Mullin to ensure Transportation Security Administration (TSA) employees receive their pay,...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic

A federal judge has temporarily prevented the Pentagon from enforcing its designation of Anthropic as a national security supply-chain risk, dealing an early blow to the Trump administration in a growing dispute over...

SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn

Chinas top semiconductor manufacturer, SMIC (Semiconductor Manufacturing International Corporation), has reportedly been transferring chipmaking equipment to Irans military industrial complex, according to two senior Trump...

Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...

Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round

Nvidia-backed artificial intelligence startup Reflection AI is in advanced discussions to secure $2.5 billion in fresh funding, with negotiations pointing to a staggering pre-money valuation of $25 billion, according to a...

Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco

Shares of Taiwan-based memory chip manufacturer Nanya Technology soared to their daily limit of 10% on Thursday morning following the companys announcement of a major $2.5 billion private placement deal backed by prominent...