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Cryptocurrency Brief: Bitcoin and altcoins drop on likelihood of increased regulation, Litecoin slumps over 2 pct – Wednesday, September 19th, 2018

Sep 19, 2018 11:56 am UTC| Commentary Economy Digital Currency Market Roundups

BTC/USD: Bitcoin prices continued its range-bound trading during late European session Wednesday, although remaining tad lower. This comes after New York Attorney General claimed that crypto exchanges are unsafe for...

Malaysian headline inflation eases in August, BNM likely to keep rates on hold for sometime

Sep 19, 2018 11:53 am UTC| Commentary

Malaysian headline consumer price inflation eased in August. On a year-on-year basis, the consumer price index dropped to 0.2 percent from Julys 0.9 percent. The fall was driven by the impacts of the Good and Services Tax...

Global Geopolitical Series: Will China’s weak retaliation trigger phase three of tariff war?

Sep 19, 2018 11:19 am UTC| Commentary Economy

On Monday, U.S. President Donald Trump announced 10 percent tariffs on $200 billion worth of Chinese goods, which will come into effect on September 24th of this year and will increase to 25 percent if a trade deal is not...

Bank of Thailand keeps policy rate on hold at 1.50 pct, likely to hike by 25 bps in November

Sep 19, 2018 10:55 am UTC| Commentary Central Banks

As was expected, the Bank of Thailand kept its policy rate on hold at 1.50 percent. However, two of the seven Monetary Policy Committee members voted for the interest rate to be hiked by 25 basis points. Todays policy...

FxWirePro Call Review: Euro bulls gains strength in short-term; book short side profits

Sep 19, 2018 10:14 am UTC| Commentary

In March this year, we have called on our readers to go short in the euro, at the then current rate of 1.218 against the USD with a target of 1.17 area....

UK gilts tad lower after August consumer price inflation beats estimates; retail sales, 10-year auction in focus

Sep 19, 2018 09:53 am UTC| Commentary Economy

The United Kingdoms gilts traded tad lower during European session Friday after the countrys consumer price inflation (CPI) data for the month of August beat market estimates, higher than the reading in July as well....

Global Geopolitical Series: Netanyahu personally calls Putin to defuse tensions over downed Russian jet

Sep 19, 2018 09:29 am UTC| Commentary

Israeli Prime Minister Benjamin Netanyahu personally called Russian President Vladimir Putin over downed Russian jet in Syria in trying to defuse the tensions between the two countries. Netanyahu reportedly apologized to...

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Economy

Saudi Oil Tankers Reverse Course as Houthi Threats Disrupt Red Sea Shipping

Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea after Yemens Iran-backed Houthi movement threatened to target vessels transporting Saudi oil, raising fresh concerns over global energy supplies...

Pakistan Seeks $10 Billion U.S. Exchange Stabilization Fund to Boost Forex Reserves

Pakistan has asked the United States for a $10 billion exchange stabilization facility to strengthen its foreign exchange reserves and reduce pressure on the Pakistani rupee, according to a Reuters report citing a source...

US Dollar Climbs to Weekly High as Middle East Tensions Lift Treasury Yields and Safe-Haven Demand

The U.S. dollar strengthened to its highest level in more than a week on Tuesday as rising Treasury yields and escalating conflict in the Middle East fueled demand for safe-haven assets. The Japanese yen, meanwhile,...

US Stock Futures Steady Ahead of Tesla, Alphabet Earnings as Iran Conflict Keeps Markets on Edge

U.S. stock index futures traded little changed late Tuesday after Wall Street rallied on the back of a strong rebound in technology shares, while investors shifted their attention to upcoming second-quarter earnings from...

Trump Announces 100% Tariff on Generic Drug Imports Starting in 2028

U.S. President Donald Trump announced Tuesday that his administration will impose a 100% tariff on all imported generic drugs beginning in 2028, giving pharmaceutical companies a two-year window before the new trade policy...

Politics

US-Backed Pediatric HIV Treatment Drops After Foreign Aid Changes, Study Finds

Around 77,000 fewer children worldwide received HIV treatment supported by the United States in the fiscal year ending October 2025 compared with the previous year, according to research presented at the AIDS 2026...

US, Solomon Islands Deepen Ties as Peace Corps Set to Return After 25 Years

The United States is strengthening its relationship with the Solomon Islands by reviving the Peace Corps program and expanding development assistance, signaling Washingtons continued focus on the strategically important...

US Sends First Humanitarian Aid Flight to Cuba Under $100M Assistance Plan

The United States has launched the first humanitarian aid flight to Cuba under a newly announced $100 million assistance initiative, marking a significant step in Washingtons effort to provide direct relief to the Cuban...

Rubio to Meet Wang Yi as Trump-Xi Summit Plans Advance Amid Election Meddling Dispute

U.S. Secretary of State Marco Rubio is set to meet Chinese Foreign Minister Wang Yi in Manila this week, a key diplomatic engagement that could pave the way for a highly anticipated summit between U.S. President Donald...

US Military Completes 11th Straight Day of Iran Strikes Amid Strait of Hormuz Security Concerns

The U.S. military has completed its 11th consecutive day of airstrikes against Iran, intensifying efforts to weaken Tehrans military capabilities and protect one of the worlds most strategically important shipping routes....

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

Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S.

Taiwan-based Wistron Corp. (TW:3231), one of Nvidias leading manufacturing partners, has officially opened its first U.S. production facility in Fort Worth, Texas, marking a significant milestone in the expansion of...

Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips

Taiwan-based Wistron Corp., a major Nvidia supplier, has opened its first U.S. manufacturing facility in Fort Worth, Texas, investing $700 million to expand artificial intelligence infrastructure production as global...

Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge

Super Micro Computer (NASDAQ: SMCI) stock soared about 20% in after-hours trading on Tuesday after the AI server maker released a stronger-than-expected preliminary update for its fiscal fourth quarter, highlighting a...

US, China to Hold AI Talks Ahead of Xi’s September Visit

The United States and China are preparing to hold high-level artificial intelligence (AI) talks in September, marking the first official AI dialogue between the two countries under President Donald Trumps administration....

Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns

Morgan Stanley adopted a mixed outlook on the software sector on Tuesday, turning bearish on Adobe (NASDAQ: ADBE) and Workday (NASDAQ: WDAY) while maintaining an overall positive view of the industry. The investment bank...