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Mon, Jul 06, 2026 12:08 PM All times are UTC

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Euro area’s and EU’s current account surplus narrows in May

Jul 20, 2016 11:29 am UTC| Commentary Economy

The European Union has recorded a current account surplus of EUR 10.5 billion in May 2016, as compared with Aprils surplus of EUR 12.9 billion and May 2015s surplus of EUR 9.4 billion, according to Eurostat. Seasonally...

Turkish post-coup cleansing means more power to Erdogan

Jul 20, 2016 11:03 am UTC| Commentary

The crackdown after a failed coup attempt in Turkey last Saturday have now widened so far that it can now be associated with just one purpose and that is to provide Turkish President Tayyip Erdogan more power over the...

Bank Negara likely to stay pat for rest of 2016; private consumption to remain in focus

Jul 20, 2016 10:56 am UTC| Commentary Central Banks

The central bank of Malaysia is expected to remain on hold for the rest of 2016, mainly focusing on private consumption. With Bank Negara Malaysia (BNM) indicating it is still positive on domestic demand in its monetary...

Japan’s real GDP likely to be flat in H2 2016; expected to grow slightly next year

Jul 20, 2016 10:50 am UTC| Commentary

This year, real demand in Japan stalled. Industrial production in the country, through May, averaged 2.6 percent below the same period in 2015. Meanwhile, household consumption was 0.3 percent below, whereas export volume...

UK gilts slump as labour market strengthens in June

Jul 20, 2016 10:24 am UTC| Commentary

The UK gilts slumped on Wednesday after data showed that the countrys labour market strengthened in June. The yield on the benchmark 10-year gilts rose more than 1 basis point to 0.811 percent, the yield on super-long...

German producer prices continue to rally in June, decline on year

Jul 20, 2016 10:24 am UTC| Commentary

Producer prices in Germany during the month of June continued to trend upwards, equaling the strongest pace of gains for two years. However, producer price inflation declined on an annual basis. Further, the short-run...

Labour MPs rally behind single candidate in a bid to oust Jeremy Corbyn

Jul 20, 2016 10:23 am UTC| Commentary

Angela Eagle who vowed a week before to oust Jeremy Corbyn from the leadership position of the United Kingdoms Labour Party withdrew her bid from the leadership race and pledged her support to Owen Smith who formally...

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Economy

Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market

Oil prices edged lower in early Asian trading on Monday after OPEC+ agreed to increase production targets for August, adding to expectations of stronger global crude supplies and easing concerns over disruptions in the...

US Stock Futures Rise as Investors Eye Fed Minutes, AI Stocks, and Q2 Earnings

U.S. stock index futures moved higher on Sunday evening as investors prepared for a key week featuring the release of the Federal Reserves June meeting minutes and the unofficial start of the second-quarter earnings...

Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand

Gold prices climbed during Asian trading on Monday as a weaker U.S. dollar and fading expectations of another Federal Reserve interest rate hike this year supported demand for the precious metal. The recovery extended...

Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals

Asian stock markets traded lower on Monday as investors turned cautious ahead of a critical earnings season expected to highlight the strength of artificial intelligence (AI) demand. At the same time, falling oil prices...

Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation

Japanese defense-related stocks rallied sharply on Monday after a report by the Yomiuri newspaper said the government is preparing to establish a new bureau within the Ministry of Defense to strengthen international...

Politics

Massive Funeral Procession for Ayatollah Ali Khamenei Draws Huge Crowds in Tehran

Tens of thousands of Iranians gathered in Tehran on Monday for the largest funeral procession yet honoring slain Iranian leader Ayatollah Ali Khamenei, as the country continued a week of memorial events aimed at showcasing...

Australian PM Anthony Albanese Apologizes After Kylie Minogue Podcast Remarks Spark Backlash

Australian Prime Minister Anthony Albanese issued a public apology on Monday after making controversial remarks about pop icon Kylie Minogue during a comedy podcast interview, drawing criticism from opposition lawmakers...

Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks

Iran has opened preliminary discussions with Japanese companies about resuming crude oil exports under a temporary U.S. sanctions waiver, although potential buyers are seeking a longer exemption and stronger assurances...

Trump to Meet Zelenskiy at NATO Summit in Turkey to Push Ukraine Peace Efforts

U.S. President Donald Trump is set to meet Ukrainian President Volodymyr Zelenskiy during this weeks NATO summit in Turkey as part of a renewed diplomatic effort to end the war in Ukraine, according to a senior U.S....

Israel Cabinet Rejects Supreme Court Ruling, Sparking Constitutional Crisis Fears

Israels cabinet has voted to reject a Supreme Court ruling involving the countrys broadcast regulator, triggering fresh concerns over a potential constitutional crisis and deepening tensions between Prime Minister Benjamin...

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

Foxconn Q2 Revenue Surges Nearly 40% on Strong AI Server Demand

Foxconn, officially known as Hon Hai Precision Industry, reported a sharp rise in second-quarter revenue as booming demand for artificial intelligence infrastructure continued to drive growth across its cloud and...

Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook

Citi has raised its target price for Taiwan Semiconductor Manufacturing Co. (TSMC) to NT$3,800 from NT$2,875, while maintaining its Buy rating, citing stronger confidence in the chipmakers long-term growth as demand for...

AI Memory Chip Shortage Likely to Persist Despite Korea Investment Boom, Nomura Says

Concerns that a new wave of investment announcements by South Korean memory chipmakers could trigger another memory chip oversupply cycle may be exaggerated, according to Nomura analysts, who believe strong artificial...

Samsung Q2 Profit Seen Soaring as AI Memory Demand Keeps Chip Prices Elevated

Samsung Electronics is expected to report another record-breaking quarter as booming artificial intelligence (AI) demand continues to fuel higher memory chip prices and tighten global supply. Analysts estimate the South...

Meta Cloud Ambitions Could Challenge AWS, Azure, and Google Cloud, Says Morgan Stanley

Meta Platforms (NASDAQ: META) is preparing to expand into the cloud computing market, a move that could position the company as a future rival to Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. According to...