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Wed, Jul 29, 2026 02:37 AM All times are UTC

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Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar

Jul 16, 2026 04:49 am UTC| Economy

Asian currencies traded in tight ranges on Thursday as a weaker U.S. dollar was balanced by growing investor caution over the escalating Middle East conflict, limiting demand for risk-sensitive regional assets. Market...

South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening

Jul 16, 2026 01:23 am UTC| Central Banks Economy

South Koreas central bank raised its benchmark interest rate by 25 basis points to 2.75% on Thursday, marking its first rate hike in three and a half years as policymakers moved to curb persistent inflation and support the...

US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears

Jul 16, 2026 01:18 am UTC| Economy

U.S. stock index futures traded slightly higher late Wednesday after softer-than-expected June inflation data eased concerns that the Federal Reserve could resume raising interest rates in the near term. However, ongoing...

UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List

Jul 16, 2026 01:11 am UTC| Insights & Views Economy Business

UBS has strengthened its bullish stance on Chinese equities by adding Kuaishou Technology (HK:1024) and Meituan (HK:3690) to its China Global Equity Focus List while increasing allocations to Alibaba Group, Ping An...

Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears

Jul 16, 2026 01:04 am UTC| Economy

Global oil prices extended their rally for a fourth consecutive session on Thursday as renewed U.S. military strikes on Iranian targets heightened concerns over escalating conflict in the Middle East and potential...

Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs

Jul 16, 2026 00:32 am UTC| Economy

The Port of Los Angeles handled a record amount of cargo in June as importers accelerated shipments ahead of higher fuel costs and new U.S. tariffs, highlighting continued strength in U.S. trade activity despite growing...

ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain

Jul 15, 2026 05:43 am UTC| Central Banks Economy

The European Central Bank (ECB) does not currently see evidence that the U.S.-Israeli conflict with Iran is triggering broader inflationary pressures across the euro area, although policymakers remain alert to potential...

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Economy

Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure

Australias inflation eased in the June quarter, with softer fuel prices helping slow overall consumer price growth and core inflation coming in below market expectations. The latest data strengthens the case for the...

US Dollar Slips Ahead of Fed Decision as Oil Prices Ease Inflation Fears

The U.S. dollar weakened on Tuesday, retreating from a more than one-month high as falling oil prices eased inflation concerns ahead of the Federal Reserves closely watched interest rate decision. The U.S. Dollar Index...

Japan PM Sanae Takaichi Plans Temporary Food Tax Cut to Ease Inflation Pressure

Japanese Prime Minister Sanae Takaichi is preparing to introduce a temporary reduction in Japans reduced consumption tax on food as part of a broader effort to help households cope with persistent inflation and rising...

Asian Stocks Rebound as SK Hynix Earnings Calm AI Fears, Oil Surges Ahead of Fed Decision

Asian stock markets rebounded on Wednesday after suffering steep losses in the previous session, as investors weighed strong earnings from South Korean chipmaker SK Hynix against lingering concerns over artificial...

US Stock Futures Slip Ahead of Fed Decision, Big Tech Earnings Amid Middle East Tensions

U.S. stock futures edged lower late Tuesday as investors remained cautious ahead of the Federal Reserves closely watched interest rate decision and a wave of earnings from major technology companies, while renewed...

Politics

Iran Fires Ballistic Missiles at U.S. Forces; All Intercepted, CENTCOM Says

Irans Islamic Revolutionary Guard Corps (IRGC) launched multiple ballistic missiles at U.S. forces stationed in the Middle East on Tuesday, marking a renewed escalation in tensions after several days of relative calm....

Taiwan to Test Wartime Weapons Production in Han Kuang Military Drills

Taiwan will test its ability to relocate weapons production and convert civilian factories for military manufacturing during its annual Han Kuang military exercises next month, as the island strengthens its defense...

US Customs Inspects China-Linked Factories in Vietnam Amid Trade Compliance Review

U.S. customs officials have reportedly conducted spot inspections at factories in Vietnam with links to Chinese companies as Washington intensifies efforts to verify compliance with trade and import regulations, according...

Brazil Challenges Trump Tariffs at WTO Over Trade Dispute

Brazil has formally requested consultations with the United States under the World Trade Organization (WTO) dispute settlement system, escalating its challenge against tariffs imposed by the Trump administration on...

West Bank Tensions Escalate as Palestinian Village Faces Settler Violence and Military Raids

Residents of the Palestinian village of Tal in the occupied West Bank say violence between Israeli settlers and Palestinians has pushed the area close to a breaking point after a deadly confrontation last week left six...

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

SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth

SK Hynix reported record second-quarter earnings as surging demand for artificial intelligence memory chips and stronger memory pricing drove exceptional growth, reinforcing its position as one of the biggest beneficiaries...

Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors

Seagate Technology (NASDAQ: STX) shares climbed 7.4% in after-hours trading on Tuesday after the data storage company reported stronger-than-expected fiscal fourth-quarter earnings and revenue, driven by surging demand for...

TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline

TeamViewer AG (ETR: TMV) shares slipped more than 2% on Tuesday after the remote connectivity software provider reported mixed first-half 2026 results. While the company delivered a solid increase in profit, investors...

Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth

Exosens (EPA: EXENS) reported stronger-than-expected first-half fiscal 2026 profitability, supported by robust demand for its defense imaging technologies, although revenue came in slightly below market expectations....

ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters

Semiconductor capital equipment stocks tumbled Monday after reports that China has begun mass-producing domestically developed immersion deep ultraviolet (DUV) lithography machines, raising concerns about the future...