Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Commentary

Thu, Jul 02, 2026 07:16 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Currency snapshot (commodity pairs)

Jan 26, 2016 11:32 am UTC| Commentary

Dollar index trading at 99.41 (+0.14%) Strength meter (today so far) - Aussie +0.47%, Kiwi +0.19%, Loonie +0.32% Strength meter (since last week) - Aussie -0.37%, Kiwi -0.54%, Loonie -0.94% AUD/USD - Trading at...

Commodities snapshot (precious & industrial)

Jan 26, 2016 11:24 am UTC| Commentary

Metal pack is mixed today. Performance this week at a glance in chart table - Gold - Gold is up in the face of risk aversion. Todays range $1106-1117 Gold is currently trading at $1112/troy ounce. Immediate support...

Commodities snapshot (energy)

Jan 26, 2016 11:17 am UTC| Commentary

Energy pack is up today. Weekly performance at a glance in chart table. Oil (WTI) - WTI dropped further, but recovered and now trading around $30/barrel. Todays range $30.5-29.3 WTI is currently trading at...

FxWirePro: Long term outlook – Pound might drop to 121 against Yen

Jan 26, 2016 10:48 am UTC| Commentary

Pound is currently trading at 167.8 against Yen and we expect it to drop further. Our previous call (Sell Pound at 186 against Yen, targeting 180.4, 179 and 176) reached target and beyond. Though one could have followed on...

Currency War Series

Sweden's Riksbank likely to cut rates by 10bp in February

Jan 26, 2016 10:46 am UTC| Commentary Central Banks

Swedish producer prices have witnessed a downward trend since May 2015, due to lower prices for commodities and petroleum products. The downward trend continues as December producer prices dropped by -0.7 percent m/m and...

ECB’s improving credit provisions likely to provide growth momentum in 2016

Jan 26, 2016 10:22 am UTC| Commentary Central Banks

Declining bank lending and tightening lending standards weighed on Eurozones growth during the sovereign crisis. However, with gradual increase in bank lending and easing lending standards, the growth has moderately...

FxWirePro: Long term outlook – Euro could rise another 800 points against Pound

Jan 26, 2016 10:20 am UTC| Commentary

Since 2013, expectations of monetary policy divergence has pushed Euro lower against Pound from 0.87 area to as low as 0.69. 2013/14 was a time, when Bank of England (BOE) was expected to move first ahead of FED in hiking...

4191 4192 4193 4194 4195 4196 4197 4198 4199 4200

Economy

Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens

Turkeys automotive market lost momentum in June, with total vehicle sales declining compared to the same period last year, reflecting softer demand across both passenger cars and light commercial vehicles. The latest...

South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan

South Korea signaled heightened vigilance over its currency market on Thursday, with Vice Finance Minister Huh Chang saying the government is maintaining close communication with Japan and other major partners on foreign...

US Resumes Dollar Shipments to Iraq After Months-Long Suspension

The United States has resumed limited shipments of U.S. dollars to Iraq after a months-long suspension, according to a report by The New York Times citing two senior aides to Iraqi Prime Minister Mohammed Shia al-Sudani....

Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes

The Trump administration has declined to renew the U.S.-Mexico-Canada Agreement (USMCA) in its current form, triggering a 10-year countdown that keeps the North American trade pact in force while negotiations continue over...

Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report

Asian currencies traded in a narrow range on Thursday as the U.S. dollar remained close to a 13-month high, with investors awaiting the closely watched U.S. nonfarm payrolls report for fresh clues on the Federal Reserves...

Politics

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...

EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report

Europes semiconductor industry faces mounting challenges from Chinese export controls, heavy reliance on U.S. technology, and persistent structural weaknesses, leaving the region with a difficult outlook unless it...

NRC Proposes Radiation Rule Changes to Boost U.S. Nuclear Power Expansion Under Trump

The U.S. Nuclear Regulatory Commission (NRC) on Wednesday unveiled a proposal to revise long-standing radiation protection rules, a move that aligns with the Trump administrations broader strategy to accelerate nuclear...

Trump Vows U.S. Will Prevent China From Taking Over the Panama Canal

U.S. President Donald Trump declared on Wednesday that the United States will not allow China to take control of the Panama Canal, underscoring Washingtons continued focus on one of the worlds most strategically important...

US Envoy Urges Taiwan to Build ‘Hornet’s Nest’ Drone Defense Against China

Taiwan should rapidly expand its drone capabilities to strengthen deterrence against potential conflict with China, the top U.S. representative to the island said on Thursday, underscoring growing support for Taipeis...

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

Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027

Apple is reportedly preparing one of its most ambitious iPhone product cycles in years, with plans to significantly expand its smartphone lineup through 2027 while increasing production targets for its highly anticipated...

Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production

Samsung Group has unveiled a major investment plan worth 140 trillion won (approximately $90 billion) to strengthen South Koreas technology manufacturing sector, with a strong focus on artificial intelligence (AI),...

Super Micro Employees Detained in Taiwan AI Server Export Investigation

Super Micro Computer (NASDAQ: SMCI) said two employees at its Taiwan subsidiary have been detained pending a court hearing, while two others were released on bail after being questioned in an investigation into the alleged...

Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO

Data center operator Switch has reportedly launched a private funding round led by venture capital giant Andreessen Horowitz, aiming to raise approximately $2 billion in fresh capital at a valuation approaching $50...

ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says

Indias ShareChat is preparing for a potential initial public offering (IPO) next year that could raise up to $400 million, according to a Bloomberg News report citing the companys chief financial officer. The move would...