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Fri, Jul 10, 2026 07:17 AM All times are UTC

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Czech economic growth driven by strong household consumption, GDP likely to grow 2.7 pct in 2017

Jan 16, 2017 09:32 am UTC| Commentary

Foreign and domestic demand is underpinning the Czech economic growth. According to an Erste Group Research, the GDP growth is expected to come in at 2.7 percent, a rise from around 2.4 percent anticipated for 2016. Strong...

German bunds gain on renewed fears of hard Brexit; investors eye ECB’s first policy meeting of 2017

Jan 16, 2017 09:25 am UTC| Commentary

The German bunds gained Monday, following renewed fears of a hard Brexit and in the run up to the United Kingdom Prime Minister Theresa Mays speech, scheduled for Tuesday. Also, investors are curiously eyeing the European...

Norwegian trade surplus expands in December on rise in value of crude oil export

Jan 16, 2017 08:59 am UTC| Commentary

Norways trade surplus expanded in December, owing to higher crude oil price. The increased price of oil led to higher export value for crude oil, which resulted in a rise of trade surplus to NOK 23.3 billion from NOK 15.1...

Indian 10-year bond yields hit near 2-week high as wholesale prices climb in December

Jan 16, 2017 08:27 am UTC| Commentary

Indian 10-year sovereign bond yields hits near 2-week high Monday as the countrys wholesale price index climbed at the fastest pace in two months amid lack of significant global cues. Also, the U.S. markets remain closed...

South Korean consumer inflation likely to hit 2 pct in 3Q17, says DBS Bank

Jan 16, 2017 07:51 am UTC| Economy Commentary

According to the DBS Bank research note, the Bank of Korea (BoK) now expects inflation to converge with its 2 percent target by mid-2017, according to its latest economic outlook report released on 13th January. For the...

Global Geo-political Series: Trump might end sanctions on Russia

Jan 16, 2017 07:44 am UTC| Commentary

With less than a week to his formal inauguration, the President-elect Donald Trump indicated that he might do away with the economic sanctions on Russia at least for a period of time, which would be the biggest change in...

Briferendum Aftermath Series

Briferendum Aftermath Series: Chancellor Hammond provides glimpse to negotiating stance

Jan 16, 2017 07:25 am UTC| Commentary

With just 12 weeks to go before the British government abides by its self-imposed timeline and trigger the Article 50 divorce clause in order to get out of the European Union, the United Kingdoms chancellor exchequer...

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Economy

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...

Japanese Yen Rises as Pension Fund Plan and BOJ Rate Hike Bets Weigh on Dollar

The Japanese yen outperformed other Asian currencies on Friday after the Japanese government signaled plans to encourage the Government Pension Investment Fund (GPIF) to increase investments in domestic assets. The move...

Asian Stocks Rise as AI Chip Rally Offsets Middle East Tensions

Asian stock markets advanced on Friday, led by a strong rebound in semiconductor shares, as investors shifted their focus from escalating Middle East tensions to the long-term growth outlook for artificial intelligence...

Japan Eyes Bigger GPIF Investment in Domestic Assets as BOJ Independence Concerns Grow

Japans government is considering measures to encourage pension funds, including the Government Pension Investment Fund (GPIF), to significantly increase their investments in domestic financial assets, Finance Minister...

Politics

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...

Iran Buries Ayatollah Ali Khamenei at Imam Reza Shrine as Successor Mojtaba Remains Out of Public View

Iran buried slain Supreme Leader Ayatollah Ali Khamenei at the Imam Reza Shrine in Mashhad early Friday, concluding a week of large-scale funeral ceremonies marked by mourning, nationalist rallies and anti-U.S....

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

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...

SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand

South Korean memory chip maker SK Hynix Inc. has priced its landmark U.S. American depositary receipt (ADR) offering at $149 per ADR, finalizing one of the largest and most closely watched semiconductor share sales in...

Bain Capital Exits Kioxia After AI-Fueled Valuation Surge

Bain Capital has fully exited its investment in Japanese flash memory manufacturer Kioxia, marking the end of a highly profitable private equity deal driven by the rapid expansion of the artificial intelligence (AI)...