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Tue, May 12, 2026 12:00 PM All times are UTC

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Japan Signals Possible Currency Intervention as Yen Slides to 157.3 Amid Middle East Tensions

Mar 03, 2026 00:54 am UTC| Economy

Japans Finance Minister Satsuki Katayama said authorities are maintaining close coordination with overseas financial officials and monitoring global financial markets with an extremely strong sense of urgency as volatility...

Rachel Reeves Signals Fiscal Discipline in UK Budget Update Amid Middle East Tensions

Mar 03, 2026 00:42 am UTC| Economy

UK Finance Minister Rachel Reeves is expected to reaffirm her commitment to repairing Britains public finances in her upcoming budget update, as global markets react nervously to escalating conflict in the Middle East....

Global Geopolitics Series

The strikes on Iran show why quitting oil is more important than ever

Mar 02, 2026 06:56 am UTC| Insights & Views Economy

As Israel and the United States strike Iran, global oil markets are on edge. Oil prices have begun rising even before any disruption to supply. Oil traders are factoring in the possibility the Strait of Hormuz might close....

Global Markets React as Dollar Surges, Swiss Franc Rallies After U.S.-Israel Strike on Iran

Mar 02, 2026 05:08 am UTC| Economy

Global currency markets swung sharply on Monday as investors rushed toward safe-haven assets following U.S. and Israeli airstrikes on Iran that reportedly killed Supreme Leader Ayatollah Ali Khamenei. The escalating Middle...

PBOC Scraps Forex Risk Reserve as Yuan Rally Pressures Chinese Exporters

Mar 02, 2026 05:04 am UTC| Central Banks Economy

Chinas central bank has stepped in to curb the rapid rise of the yuan, signaling growing concern over the currencys sharp appreciation against the U.S. dollar. The Peoples Bank of China (PBOC) announced it will remove the...

ASX CEO Exit Signals Turbulent Transition Amid Lawsuit and Regulatory Scrutiny

Mar 02, 2026 05:03 am UTC| Economy

The Australian Securities Exchange (ASX) is preparing for a leadership transition at a critical time, as outgoing CEO Helen Lofthouse announces her departure in May after 11 years with the company, including four as chief...

Argentina Tax Reform 2026: President Javier Milei Pushes Lower Taxes and Structural Changes

Mar 02, 2026 05:00 am UTC| Politics Economy

Argentine President Javier Milei has called for a sweeping overhaul of Argentinas tax system, emphasizing the need for lower taxes to stimulate economic growth. Speaking during the opening of the new congressional session...

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Economy

Asian Currencies Slide as Indian Rupee Hits Record Low Amid Iran Tensions

Asian currencies weakened further on Tuesday, led by the Indian rupee, which plunged to a record low as rising Middle East tensions pushed crude oil prices higher and strengthened demand for the U.S. dollar. Investors also...

US, Japan Reaffirm Strong Currency Coordination Amid Yen Volatility

U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Satsuki Katayama reaffirmed strong cooperation on foreign exchange policy during meetings in Tokyo, signaling continued coordination to address excessive...

Rubio Discusses Iran Crisis and Strait of Hormuz Disruptions With UK and Australia

U.S. Secretary of State Marco Rubio held separate discussions on Monday with Australian Foreign Minister Penny Wong and British Foreign Secretary Yvette Cooper regarding the escalating Iran conflict and the ongoing...

Trump Says Iran Ceasefire ‘On Life Support’ as Oil Prices Surge Above $104

Hopes for a peace deal between the United States and Iran weakened Tuesday after U.S. President Donald Trump said the fragile ceasefire was on life support following Tehrans rejection of a U.S.-backed proposal aimed at...

US Inflation Expected to Rise Again in April as Fed Signals Higher Interest Rates

U.S. consumer prices likely increased at a steady pace for the second consecutive month in April, reinforcing concerns that inflation remains stubbornly high and strengthening expectations that the Federal Reserve will...

Politics

Israel Approves Special Military Tribunal for Hamas October 7 Attack Suspects

Israels parliament has approved a new law establishing a special military tribunal to prosecute Palestinian militants involved in the October 7, 2023 Hamas-led attack on Israel. The legislation, passed late Monday by a...

GOP Lawmakers Probe Sam Altman and OpenAI Ahead of Potential IPO

Republican lawmakers and several Republican state attorneys general are increasing scrutiny of OpenAI CEO Sam Altman over concerns tied to the companys governance and business relationships ahead of a possible OpenAI IPO,...

Trump Weighs Renewed Military Action Against Iran Amid Strait of Hormuz Crisis

U.S. President Donald Trump is reportedly giving stronger consideration to restarting major combat operations against Iran as diplomatic efforts and nuclear negotiations continue to stall. According to a CNN report...

Trump Administration Seeks Court Pause to Reinstate 10% Global Tariffs

The Trump administration has asked a U.S. federal court to temporarily pause a recent ruling that challenged the legality of the administrations 10% global tariff policy while the government continues its appeal process....

Arcadia Mayor Eileen Wang Pleads Guilty in China Foreign Agent Case

Arcadia Mayor Eileen Wang has agreed to plead guilty to a federal charge of acting as an unregistered foreign agent for the Chinese government, according to U.S. officials. The case has drawn national attention due to...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Kuaishou Stock Jumps on Kling AI IPO Plans and $20 Billion Valuation

Kuaishou Technology (HK:1024) shares surged on Tuesday after reports revealed that the Chinese short-video giant is considering spinning off its Kling artificial intelligence video generation business. The news boosted...

Samsung Shares Slide as Labor Talks Intensify Ahead of Planned Strike

Samsung Electronics shares dropped more than 2% on Tuesday as investors monitored critical negotiations between the tech giant and its labor union over a potential strike that could impact the global semiconductor...

Ibiden Stock Surges as AI Chip Demand Boosts Profit Outlook

Ibiden Co., Ltd. (TYO:4062) shares climbed sharply on Tuesday after the Japanese semiconductor component manufacturer reported strong annual earnings and raised its forecast for the current fiscal year. The companys stock...

OpenAI-Microsoft Deal Sets $38 Billion Revenue-Sharing Cap Ahead of Potential IPO

OpenAI and Microsoft have reportedly agreed to place a $38 billion cap on total revenue-sharing payments, according to a report published Monday by The Information. The move is seen as part of OpenAIs broader effort to...

Nintendo Shares Tumble as Weak Forecast and Rising Switch 2 Costs Worry Investors

Nintendo shares plunged on Monday after the Japanese gaming giant posted annual earnings that missed analyst expectations and issued a weaker-than-expected outlook for the current fiscal year. The disappointing forecast...