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Fri, Jul 10, 2026 01:31 AM All times are UTC

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U.S. ISM non-manufacturing index remains unchanged in December, economy enters 2017 on strong footing

Jan 06, 2017 04:50 am UTC| Commentary

The U.S. Institute for Supply Managements (ISM) non-manufacturing index stayed the same in December at 57.2. The headline figure surprised to the upside with markets estimating a slight drop to 56.8. Along with the rebound...

Asian markets mixed ahead of NFP job data, gold hovers around $1,180 mark

Jan 06, 2017 04:42 am UTC| Commentary

All the major Asian indices were trading on a mixed note on the last working day of the week. The main event for the day is U.S. NFP job data. Yesterday U.S. released ADP job data with negative numbers at 153 K m/m vs 215...

Denmark recovery on track, driven by growing labour force and stronger global and domestic demand

Jan 05, 2017 16:44 pm UTC| Commentary Economy

Denmark is set to extend economic recovery for the fifth consecutive year. Recovery in the Nordic nation has been relatively moderate till now. But there is more distinct possibility of a more robust recovery on robust...

Global growth likely to support synchronised recovery among Nordic countries in 2017

Jan 05, 2017 15:31 pm UTC| Commentary Economy

Global economic cycle looks to be entering 2017 in a rather upbeat mood. Indicators are pointing to higher growth in all major regions at the same time which is likely to support open economies such as the...

Oil in Global Economy Series

Iraq initiates measures to cut crude oil output

Jan 05, 2017 15:07 pm UTC| Commentary

Iraq, OPECs second biggest producer has begun output cut measures in line with the OPEC decision reached last month. Iraqs oil minister Jabar Ali al-Luaibi confirmed on Thursday that Iraq has begun implementing measures to...

Central Banking Series

German economists call for ECB rate rise after upbeat Eurozone CPI data

Jan 05, 2017 14:54 pm UTC| Commentary Economy

German economists called on the European Central Bank (ECB)on Thursday to raise interest rates after euro zone consumer prices grew faster than expected in December. - It is time for a normalization, Stefan Bielmeier,...

USD/CNY likely to edge higher in the coming months – Danske Bank

Jan 05, 2017 14:45 pm UTC| Commentary

Move in USD/CNY is clearly the most significant in currency markets over the last trading sessions. Chinas offshore yuan CNH strengthened against the dollar after posting its biggest daily gain against the dollar in a...

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Economy

Japan Wholesale Inflation Jumps as Energy Shock Drives Import Costs Higher

Japans wholesale inflation accelerated sharply in June, highlighting growing price pressures across the economy as higher energy costs linked to the Middle East conflict pushed up import prices. Data released by the Bank...

Bernstein Raises 2026 Nickel Price Forecast as Indonesia Tightens Supply

Bernstein has increased its 2026 nickel price forecast to $17,357 per metric ton, up from an estimated average of $15,164 per ton in 2025, citing a significantly more balanced global nickel market than previously expected....

Dollar Slips After Fed Minutes as Iran Tensions, Inflation Risks Keep Markets Cautious

The U.S. dollar edged lower on Thursday after the Federal Reserves June meeting minutes appeared less hawkish than investors had anticipated, although escalating geopolitical tensions in the Middle East limited the...

US Back-to-School Spending Seen Falling as Families Focus on Essentials

U.S. back-to-school spending is expected to decline in 2026 as families become more cautious about their finances amid growing economic uncertainty, according to a Deloitte survey released on Thursday. While parents remain...

Gold Prices Slip as Stronger Dollar, Fed Rate Outlook Weigh on Bullion

Gold prices edged lower on Thursday as a stronger U.S. dollar and renewed geopolitical tensions in the Middle East weighed on investor sentiment. Rising concerns that higher energy prices could keep inflation elevated and...

Politics

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....

Ukraine Secures U.S. Patriot Missile Production Deal, Zelenskiy Says

Ukraine has reached a political agreement with the United States to obtain licenses for the domestic production of PAC-3 Patriot interceptor missiles, President Volodymyr Zelenskiy announced after returning from the NATO...

North Korea Expands Nuclear Forces as Kim Jong Un Pushes Military Modernization

North Korea has approved new measures to strengthen its nuclear forces both quantitatively and qualitatively, according to state media KCNA, as leader Kim Jong Un called for accelerated military modernization during a key...

Venezuela Earthquake Health Risks Rise as Disease Monitoring Intensifies

Health officials are warning that the biggest public health threats following the twin earthquakes that struck Venezuelas northern coast last month are no longer limited to earthquake-related injuries. Instead, concerns...

Palm Beach Airport Officially Renamed After President Donald Trump

Palm Beach International Airport in Florida has officially been renamed President Donald J. Trump International Airport, marking another prominent public institution to bear President Donald Trumps name during his second...

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

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)...

SK Hynix’s $28 Billion U.S. Share Sale Draws Massive Demand Amid AI Chip Boom

SK Hynixs planned $28 billion U.S. share sale attracted demand worth more than seven times the number of shares available, highlighting strong investor confidence in the South Korean memory chip maker and the rapidly...

Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth

Chinese artificial intelligence company Zhipu AI, listed in Hong Kong as Knowledge Atlas Tech Joint Stock (HK:2513), has raised approximately HK$31.37 billion (US$4 billion) through a discounted share sale, strengthening...