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Sat, Jun 27, 2026 10:03 PM All times are UTC

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NBH ends rate easing cycle as expected

Jul 22, 2015 07:04 am UTC| Commentary

Hungarys CenBank cut its benchmark rate yesterday by slightly larger than expected 15bp to 1.35%. With this cut, the MPC formally con-cluded the easing cycle which had been in place for the preceding five months.The...

RBNZ to cut rates once more

Jul 22, 2015 07:00 am UTC| Commentary

A further rate cut from RBNZ would be data dependant. Inflation rose more or less as expected in Q2 but remains a long way off the RBNZs target with a yoy rate of 0.3%. However, admittedly that would not constitute an...

Hungary's current MNB rates likely to remain at same level till H2 2016

Jul 22, 2015 06:47 am UTC| Commentary

The Hungarian central bank (MNB) cut its key rate by 15 bp to 1.35%. MNB governor Matolcsy said that rates would remain at this level for a long time.Growth is not the main concern in Hungary any more. In fact growth has...

Crude Oil in Red Ahead of Inventory Data

Jul 22, 2015 06:45 am UTC| Commentary

Crude futures posted losses on Wednesday as prices of the commodity continued their decline due to supply, slowing demand, a stronger US dollar and a weak inflationary outlook.WTI futures gave up 1.36% to $50.17 per...

US existing home sales to climb further

Jul 22, 2015 06:31 am UTC| Commentary

As of May, existing home sales in US stood at their highest level since 2009.Societe Generale expects the resales to climb further by a modest 0.6% m/m to 5.38 mln units. Housing demand is being underpinned by improved...

Tone of MPC minutes shifting further towards rate increase

Jul 22, 2015 06:14 am UTC| Commentary

BoE MPC members seem to be increasingly laying the groundwork for a rate increase.Martin Weale hinted last week that he would vote for a rate increase in August. Recently, Mark Carney in his 16 July speech said that "the...

Greece to repay IMF; IMF financing doubtful

Jul 22, 2015 05:58 am UTC| Commentary

ECB extended loan worth of 7bn to Greece last week. The country should be able to pay the ECB 3.5bn debt redemption due on Monday. On top of that, the Greek government should settle the IMF missed payments (1.54bn in June...

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Economy

Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms

U.S. President Donald Trump announced on Friday that the United States will impose a 100% tariff on imports from any country that enforces digital services taxes (DSTs) on American technology companies, significantly...

US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated

The U.S. dollar edged lower on Friday, extending its decline for a second consecutive session after a six-day winning streak pushed the greenback to its strongest level since May 2025. Despite the modest pullback, the...

Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen

Gold prices rebounded more than 1% on Friday but still finished the week in negative territory, as renewed expectations of Federal Reserve interest rate hikes and a stronger U.S. dollar continued to pressure the precious...

Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts

Wall Street closed slightly lower on Friday, capping a difficult week for U.S. equities as technology stocks led the decline. With geopolitical tensions easing following diplomatic progress in the Middle East and oil...

South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks

South Koreas benchmark KOSPI index suffered a steep selloff on Friday as investors dumped technology and semiconductor stocks following Apples latest price increases and reports that OpenAI may delay its highly anticipated...

Politics

US Seizes Nearly 400 Illegal World Cup Streaming Domains in Global Anti-Piracy Crackdown

U.S. authorities have seized nearly 400 internet domains that were allegedly used to illegally stream FIFA World Cup matches, marking one of the largest anti-piracy enforcement actions tied to the global soccer tournament....

Iran Revolutionary Guards Claim Strike on U.S. Military Positions After Fresh U.S. Attack

Irans Islamic Revolutionary Guard Corps (IRGC) announced on Saturday that it had targeted U.S. military positions across the region in retaliation for what it described as a fresh U.S. military strike against Iran,...

Texas Approves Bible-Inclusive Reading Lists for Public Schools Starting in 2030

Texas has approved new mandatory reading lists for public school students that include passages from the Bible, marking the latest move by state leaders to incorporate conservative and religious values into public...

US Strikes Iran After Strait of Hormuz Attack as Ceasefire Tensions Escalate

The United States launched military strikes against Iran on Friday following an Iranian drone attack on a commercial cargo vessel in the Strait of Hormuz, further escalating tensions despite a ceasefire agreement reached...

NATO Strengthens Arctic Defense as Russia Expands Military Presence

As NATO ramps up efforts to reinforce its Arctic defenses, alliance members are investing in military capabilities to counter Russias growing presence in the strategically important High North. The initiative comes 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

Italy Investigates Microsoft Over Microsoft 365 AI Subscription Price Hike

Italys antitrust authority has launched an investigation into Microsoft over allegations of unfair commercial practices tied to the pricing changes for its Microsoft 365 subscription service. The probe focuses on whether...

SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service

SpaceX and Charter Communications are reportedly in executive-level discussions about forming a strategic partnership that could accelerate the expansion of consumer mobile services across the United States. According to a...

OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow

SoftBank Group (TYO:9984) shares tumbled sharply on Friday after a report suggested that OpenAI is considering postponing its highly anticipated initial public offering (IPO), delaying what many investors had expected to...

Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes

Apples major Asian suppliers came under heavy selling pressure on Friday after the iPhone maker announced significant price increases for its MacBook and iPad lineup, fueling concerns that rising semiconductor costs are...

Samsung, SK Hynix to Unveil Record AI and Semiconductor Investment Plans Worth Over $646 Billion

South Korean technology giants Samsung Electronics and SK Hynix are preparing to unveil sweeping long-term investment strategies centered on semiconductors, artificial intelligence (AI), and next-generation technologies,...