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Sun, Jul 05, 2026 09:55 PM All times are UTC

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China opens Guangzhou Clearing Corp specializing in commodities

Jun 28, 2016 10:11 am UTC| Commentary

On 26 June, China set up its first commodities clearing house for business in Guangzhou, Guangdong. It will be linking five commodity exchanges. The commodities clearing house is projected to record total annual...

Briferendum Series

Briferendum Series: UK suffer ratings cut post-referendum

Jun 28, 2016 10:04 am UTC| Commentary

Moodys investor service was the first one to yank the country from its AAA rated list of countries back in 2013 but now other two have joined in too, since the referendum result. Fitch has cut its credit rating for theUK,...

German bunds snap two days of rally as Brexit news sinks in

Jun 28, 2016 09:54 am UTC| Commentary

The German bunds snapped two days rally on Tuesday as investors paused to digest the implications of Britains decision last week to leave the European Union. Also, traders cooled on safe-haven instruments amid gains in...

Sweden’s retail sales grow in May, likely to decelerate in future

Jun 28, 2016 09:52 am UTC| Commentary Economy

Swedens retail trade sales volume grew 4.6 percent in May on a year-on-year basis, while it rose 1.7 percent on a sequential basis, according to Statistics Sweden. Consensus projection was for retail sales to grow 0.7...

Decline in French consumer confidence less than market expectation

Jun 28, 2016 09:20 am UTC| Commentary

Consumer confidence in France eased during the month of June, albeit less than what the markets had expected as shoppers remained less buoyant in June after having recorded their best ever month of confidence in nine years...

Global bonds rally as EU referendum pull yields to record low levels

Jun 28, 2016 09:14 am UTC| Commentary

Britains vote to leave the European Union has increased uncertainty in the global economy and stock markets around the world plunged in the wake of Thursdays referendum, while sterlings value has also plummeted. In the...

Briferendum Series: Key political updates 2

Jun 28, 2016 08:57 am UTC| Commentary

Political updates are a must watch for anyone, who has following the UK referendum and trying to gauge its impact. Largely, the future economic path will depend a lot on what kind of relation the U.K. maintains with the...

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Economy

Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb

Russian stocks closed mixed on Sunday, with the benchmark MOEX Russia Index finishing unchanged at 0.00% while remaining at its lowest level in three years. Despite the flat performance of the overall index, individual...

Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027

Goldman Sachs has raised its USD/JPY exchange rate forecasts, predicting the Japanese yen will remain under pressure as elevated U.S. Treasury yields, limited recession risks in the United States, Japans fiscal concerns,...

Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch

Most Asian currencies edged higher on Friday after the U.S. dollar retreated from a 13-month high following weaker-than-expected U.S. nonfarm payrolls data, raising fresh questions about the Federal Reserves interest rate...

Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions

Asian stock markets rebounded sharply on Friday as investors returned to technology shares following a week of heavy selling, while easing geopolitical tensions and growing expectations of Federal Reserve interest rate...

Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook

Oil prices edged lower on Friday as improving global crude supplies and expectations of near-term oversupply continued to pressure the market, while traders reduced bearish positions ahead of the U.S. holiday weekend....

Politics

Trump Administration Proposes Repeal of 702 Federal Regulations in Major Deregulation Push

The Trump administration is moving forward with one of its largest deregulation efforts, proposing to eliminate 702 federal regulations across multiple government agencies as part of its latest semiannual regulatory...

Iran Holds State Funeral for Ali Khamenei as Security Fears Shape Succession

Millions of Iranians gathered in Tehran on Saturday for the state funeral of slain Supreme Leader Ali Khamenei, while authorities confirmed that his son and successor, Ayatollah Mojtaba Khamenei, would not lead funeral...

Trump Offers to Help Advance Ukraine Peace Talks in Call With Putin

U.S. President Donald Trump told Russian President Vladimir Putin that Washington remains ready to help advance efforts to end the war in Ukraine during a phone call that lasted nearly 90 minutes, according to Kremlin aide...

UN Warns of Looming Human Rights Catastrophe in Sudan’s Al-Obeid

The United Nations has warned that a new human rights catastrophe is unfolding in Sudan as fighting intensifies around the besieged city of al-Obeid, the capital of North Kordofan state. U.N. High Commissioner for Human...

Amy Coney Barrett Faces Conservative Backlash After Key Supreme Court Rulings Against Trump

U.S. Supreme Court Justice Amy Coney Barrett has drawn criticism from some conservatives after joining decisions that blocked several major priorities of President Donald Trump during the courts latest term. Although...

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

Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds

Anthropic is strengthening measures to prevent unauthorized access to its artificial intelligence services from China after discovering that several Chinese companies had allegedly bypassed its restrictions, according to a...

Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round

Hong Kong-listed shares of Kuaishou Technology (HK:1024) climbed more than 6% on Thursday after its spun-off artificial intelligence business, Kling AI, secured an initial $2 billion in venture capital funding to...

Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment

Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg has acknowledged that the companys progress in developing artificial intelligence (AI) agents has been slower than expected, despite Metas aggressive investment in AI...

Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan

Kioxia is set to mark a major milestone on Friday with a ceremony at its manufacturing facility in northern Japan as the company prepares to begin mass production of its next-generation NAND flash memory chips. The move...

OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks

OpenAI has reportedly proposed granting the U.S. government a 5% ownership stake in the artificial intelligence company as it seeks to strengthen ties with Washington and address growing political scrutiny over the rapidly...