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US district Fed factory gauges expected to improve in October

Oct 13, 2015 00:15 am UTC| Commentary

Canvasses of local firms conducted by the Federal Reserve Banks of New York and Philadelphia will provide early glimpses at factory activity in October. The net percentage of respondents noting that business was weaker...

US industrial production probably contracted in September

Oct 12, 2015 23:53 pm UTC| Commentary

Reduced mining activity, combined with broad-based cutbacks in factory output, likely pared the Federal Reserve Boards industrial production gauge by 0.3% in September, after a 0.4% decline in the previous month....

German ZEW expected to fall further in October

Oct 12, 2015 23:43 pm UTC| Commentary

In October, the ZEW investor economic sentiment indicator is expected to have dropped to 7.1 from 12.1 before, with markets remaining pessimistic over the global outlook for growth. As before, the forward-looking...

Rounding out another strong quarter for Australia’s labour market

Oct 12, 2015 23:34 pm UTC| Commentary Economy

After two strong reports for July and August, when employment expanded at an average of 28k or 2.9% at an annualised rate, data for September is expected to be on the soft side with only a marginal increase in jobs of...

Bank of Indonesia to remain on hold

Oct 12, 2015 22:57 pm UTC| Commentary Central Banks

The Bank of Indonesia (BI) is expected to remain on hold at its monetary policy meeting in October. Indonesias September CPI printed at 6.83% yoy (the first sub-seven percent inflation in the past five months). Despite...

Brazil's retail sales rise sequentially in August but continue to fall yoy

Oct 12, 2015 22:44 pm UTC| Commentary

Brazils retail sales fell 3.5% yoy in Q2 following the 0.8% yoy decline in Q1. The same pace of decline continued in July as well - and the sequential contraction in sales means consumption will continue to be a...

Poland's CPI to have decreased slightly in September

Oct 12, 2015 22:27 pm UTC| Commentary

A monthly increase in food prices (partly an effect of the drought) was neutralized by a decrease in transport prices (fuel prices dropped on the back of the low Brent oil price) and a gas price cut as of 1 September. On a...

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Economy

Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution

Global financial firms are increasingly directing their Asia-Pacific expansion plans toward South Korea while taking a more cautious approach to China and India, according to a new survey by the Asia Securities Industry ...

Trump Questions Housing Bill as He Prioritizes SAVE America Act

U.S. President Donald Trump has cast doubt on whether he will sign a bipartisan housing affordability bill, describing the legislation as a big yawn while urging Congress to prioritize separate election reforms instead....

Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action

U.S. President Donald Trump on Monday called on gasoline retailers to immediately lower fuel prices, warning that companies could face serious consequences if they continue charging what he described as excessive prices at...

US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions

U.S. stock index futures traded little changed on Monday evening after Wall Street posted a strong rebound, led by technology stocks recovering from last weeks sharp selloff. Investors are now turning their attention to...

Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply

Canada has awarded C$7 million (approximately $4.93 million) in non-repayable funding to support the development of a major molybdenum mining project in Greenland, reinforcing Western efforts to secure critical mineral...

Politics

Supreme Court Backs Lisa Cook, Defends Federal Reserve Independence Against Trump Firing Attempt

Federal Reserve Governor Lisa Cook said the U.S. Supreme Courts decision to block President Donald Trumps attempt to remove her from the central bank reinforces the Federal Reserves independence and protects its ability to...

Australia, Vanuatu Sign Security Pact Amid Pacific Influence Competition

Australia and Vanuatu have officially signed a long-awaited development and security agreement, reinforcing their strategic partnership while highlighting the growing geopolitical competition for influence in the Pacific...

Serbia Protests Continue as Thousands Rally Despite Vucic’s Resignation Plan

Thousands of demonstrators gathered in the central Serbian city of Kraljevo on Sunday, maintaining pressure on President Aleksandar Vucic just one day after he announced plans to resign within weeks and trigger early...

Iran Skips U.S. Technical Talks Over Unmet MoU Conditions and Frozen Funds Dispute

Iran did not participate in the technical talks scheduled for Sunday, citing recent military attacks on the country and unresolved conditions outlined in its memorandum of understanding (MoU) with the United States. The...

Trump Announces September Overhaul of Washington’s East Potomac Golf Links

U.S. President Donald Trump announced that a major renovation of Washingtons historic East Potomac Golf Links will begin on September 1, with plans to transform the century-old public golf course into what he described as...

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

Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe

Super Micro Computer Inc. came under renewed scrutiny on Monday after Taiwanese authorities raided its local offices as part of an investigation into the alleged smuggling of Nvidia AI chips to China through the companys...

Australia Sues Amazon Over Prime Video Ads and Subscription Terms

Australias competition watchdog has launched legal action against Amazon.com Inc. (NASDAQ: AMZN), alleging the company violated Australian consumer law by using unfair contract terms to introduce advertising on its Prime...

Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings

Chinese insurtech firm Baige Online Digital Technology Co. (HK:2672) delivered an impressive debut on the Hong Kong Stock Exchange on Monday, with its shares surging as much as 333% in early trading. The strong performance...

Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO

Baidu Inc. (HK:9888) shares climbed sharply on Monday after reports indicated that its artificial intelligence chip subsidiary, Kunlunxin, is aiming for a valuation of approximately $50 billion through a planned initial...

Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says

Open-source artificial intelligence (AI) models are rapidly gaining traction as businesses search for cost-effective alternatives to proprietary AI systems, according to a new research note from Citi. The shift comes as...
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