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Tue, Mar 17, 2026 03:21 AM All times are UTC

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South Korea Manufacturing PMI Rises for Third Month on Strong Semiconductor Demand

Mar 03, 2026 02:13 am UTC| Economy

South Koreas manufacturing sector continued its upward momentum in February, marking a third consecutive month of expansion as semiconductor demand fueled faster factory output. According to the latest SP Global survey,...

RBA Signals Possible March Rate Hike as Energy Risks Threaten Inflation Outlook

Mar 03, 2026 02:08 am UTC| Economy Central Banks

Reserve Bank of Australia (RBA) Governor Michele Bullock has signaled that the central bank could raise interest rates again as soon as its March 1718 meeting, even without waiting for first-quarter inflation data....

U.S.-Israel War on Iran Escalates as Gulf Conflict Disrupts Oil, Air Travel and Regional Security

Mar 03, 2026 01:40 am UTC| Politics Economy

The U.S.-Israel war against Iran intensified Monday, expanding across the Middle East with no immediate end in sight. Israel launched strikes on Lebanon after Hezbollah fired missiles and drones, while Iran continued...

Oil Prices Surge After U.S.-Israel Strikes on Iran, Raising Strait of Hormuz Supply Fears

Mar 03, 2026 01:10 am UTC| Economy

Oil prices jumped sharply on Monday as escalating tensions in the Middle East fueled concerns about global supply disruptions. Brent crude futures climbed 6.8% to $77.80 per barrel, reaching their highest level since...

Wall Street Closes Mixed as Tech Stocks Rally Despite U.S.–Iran Escalation and Oil Price Surge

Mar 03, 2026 01:05 am UTC| Economy

U.S. stock markets ended mixed on Monday, staging a strong rebound after early losses triggered by escalating geopolitical tensions in the Middle East. Investors initially reacted to news of U.S. air strikes on Iran, but a...

Dollar Rallies as Middle East Conflict Weighs on Yen and Euro, Lifts Safe-Haven Demand

Mar 03, 2026 00:57 am UTC| Economy

The U.S. dollar strengthened sharply on Tuesday as escalating tensions in the Middle East pressured the Japanese yen and the euro, highlighting the vulnerability of major energy-importing economies to rising oil prices and...

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...

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Economy

U.S. Futures Slip After Wall Street Rebound as Fed Decision Looms

U.S. stock index futures edged lower Monday evening following a strong regular session rally driven by technology stocks, while oil prices eased slightly amid ongoing uncertainty in the Middle East. SP 500 Futures slipped...

U.S.-Iran War Pushes Brent Crude Back Above $100 as Strait of Hormuz Tensions Persist

Oil prices climbed sharply in early Asian trading on Tuesday, with Brent crude holding firmly above $100 per barrel as ongoing supply concerns tied to the U.S.-Israel conflict with Iran continued to rattle global energy...

Gold Prices Hold Above $5,000 as Central Bank Meetings and Iran War Stay in Focus

Gold prices remained steady above the critical $5,000 per ounce threshold during early Asian trading on Tuesday, as investors kept a close eye on oil market movements, the ongoing U.S.-Israel military campaign against...

Asian Currencies Hold Steady as Oil Prices Surge Amid Middle East Tensions

Asian currencies traded within a narrow range on Tuesday as rising oil prices, fueled by ongoing U.S.-Israel military operations against Iran, dampened investor risk appetite across the region. Most major currency pairs...

Bank of Japan Governor Signals Gradual Progress Toward 2% Inflation Target

Bank of Japan Governor Kazuo Ueda reaffirmed on Tuesday that underlying inflation in Japan is steadily moving toward the central banks 2% target, emphasizing that sustainable price growth must be supported by consistent...

Politics

SEC Eyes Shift to Semiannual Corporate Reporting, Ending 50-Year Quarterly Mandate

The U.S. Securities and Exchange Commission is weighing a landmark change to how public companies report their financials, potentially moving from quarterly disclosures to just twice a year. According to recent reports,...

Israel-Lebanon Ceasefire Talks on the Horizon as Conflict Intensifies

Israel and Lebanon are preparing for diplomatic negotiations aimed at establishing a lasting ceasefire, with Hezbollah disarmament at the center of discussions. Two Israeli officials confirmed the expected talks, though a...

Trump Signals Possible U.S.-Cuba Deal Amid Ongoing Diplomatic Talks

President Donald Trump hinted on Sunday that the United States may be close to reaching an agreement with Cuba, suggesting that significant developments in their long-troubled bilateral relationship could unfold in the...

Israel-Lebanon Ceasefire Talks Expected Amid Ongoing Hezbollah Conflict

Israeli and Lebanese officials are reportedly moving toward direct negotiations aimed at establishing a lasting ceasefire, with the central objective of disarming Hezbollah. Two Israeli officials confirmed the anticipated...

U.S. Oil Executives Warn Trump Administration of Worsening Energy Crisis Amid Strait of Hormuz Disruptions

Top American oil industry leaders have sounded the alarm to the Trump administration, cautioning that the ongoing energy crisis stemming from the war with Iran could intensify as disruptions in the Strait of Hormuz...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Nvidia's Jensen Huang Forecasts $1 Trillion in AI Chip Demand Through 2027

Nvidia CEO Jensen Huang stunned attendees at the companys annual GTC developers conference in California by projecting up to $1 trillion in purchase orders for its flagship AI chip technologies doubling his own $500...

Nvidia's Jensen Huang Credits Samsung for Manufacturing New AI Chips, Boosting Stock

Samsung Electronics shares surged as much as 5% on Tuesday after Nvidia CEO Jensen Huang publicly credited the South Korean tech giant for manufacturing its latest artificial intelligence chips. The announcement came...

SK Hynix Chairman Warns of Memory Chip Shortage Through 2030 Amid AI Boom

SK Hynix Chairman Chey Tae-won has warned that the global memory chip shortage could persist well into 2030, driven by unprecedented demand from the artificial intelligence sector. The South Korean chipmakers chief made...

Meta Eyes Massive Layoffs to Fund AI Ambitions

Meta Platforms is reportedly considering its largest workforce reduction since 2022, with potential cuts that could eliminate more than 20% of its nearly 79,000 employees. According to Reuters, top executives have already...

Zhipu AI Launches GLM-5-Turbo Model to Power Next-Gen AI Agent Workflows

Shares of Hong Kong-listed Chinese artificial intelligence company Zhipu AI (HK:2513), formally known as Knowledge Atlas, surged as much as 16% to HK$615 following the launch of its newest large language model tailored for...