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Mounting concerns over high oil prices, China’s less monetary easing likely to dent market sentiment over coming future: Scotiabank

Apr 23, 2019 06:24 am UTC| Commentary Economy

Mounting concerns over too high oil prices and Chinas less monetary easing are likely to dent market sentiment further in the coming future, according to the latest research report from Scotiabank. The Trump...

Australian 10-year bond yield dips to over 1-week low on expectations of weak inflation data

Apr 23, 2019 04:17 am UTC| Commentary Economy

Australian government bonds gained during Asian session Tuesday as investors moved towards safe-haven buying on expectations of weaker Q1 inflation data. Australias CPI tomorrow would highlight the chances of any moves...

U.S. Treasuries remain narrowly mixed in muted trading session ahead of existing home sales data

Apr 22, 2019 11:21 am UTC| Commentary Economy

The U.S. Treasuries remained narrowly mixed Monday amid a silent trading day that witnessed data of little economic significance. However, todays existing home sales for the month of March, due at 14:00GMT may add some...

RBI likely to adopt 25-50 bps rate cuts in rest of 2019 on account of the benign inflation outlook, says Morgan Stanley

Apr 22, 2019 09:00 am UTC| Commentary Central Banks Economy

The Reserve Bank of India (RBI) is expected to adopt 25-50 bps in rate cuts in the rest of the year on account of the benign inflation outlook, easing household expectations and a favorable external environment a dovish...

JGBs gain in muted trading session ahead of BoJ’s monetary policy decision

Apr 22, 2019 06:02 am UTC| Commentary Economy

The Japanese government bonds remained higher at the time of closing Monday amid a muted trading session that witnessed data of little economic significance ahead of the Bank of Japans (BoJ) monetary policy meeting,...

Scotiabank remains moderately bullish on Chinese yuan amid rising risk-free interest rate in China

Apr 22, 2019 04:59 am UTC| Commentary Economy

Scotiabank remains moderately bullish on the Chinese yuan amid rising risk-free interest rate in China. Chinese companies bought a net USD 2.47bn worth of foreign currencies in FX spot market in March, down from a net...

A taxing problem: Canadian cities desperately need new sources of revenue

Apr 21, 2019 11:28 am UTC| Insights & Views Economy Law

Canadas municipalities are at the forefront of delivering a growing array of vital services to citizens, ranging from affordable housing, transit and child care to managing more than a trillion dollars of...

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Economy

Oil Prices Jump as Middle East Tensions Shake Markets, AI Rally Loses Steam

Oil prices climbed on Wednesday as renewed conflict in the Middle East and fresh U.S. sanctions targeting Iranian oil exports reignited concerns over global energy supplies, while investors reduced exposure to bonds and...

European Stocks Hold Steady as Consumer Shares Rise, AI Tech Selloff Weighs on Markets

European shares were little changed on Tuesday as gains in consumer-focused sectors offset a broad selloff in artificial intelligence-linked technology stocks, while investors closely monitored the NATO summit in Turkey...

Nasdaq Futures Slide as AI Chip Stocks Sink Despite Samsung Earnings; SpaceX Debuts in Nasdaq-100

U.S. stock futures were mixed on Tuesday as technology shares came under pressure, with semiconductor stocks leading declines amid growing concerns over whether the artificial intelligence-driven rally can maintain its...

South Korea’s KOSPI Plunges as Samsung, AI Chip Stocks Trigger Market Sell-Off

South Koreas benchmark KOSPI index tumbled as much as 8% on Tuesday, prompting the Korea Exchange to activate a market-wide sell-side circuit breaker as investors rushed to sell major technology stocks despite Samsung...

Cuba Power Grid Collapse Triggers Nationwide Blackout Amid Deepening Energy Crisis

Cuba began gradually restoring electricity on Monday after the countrys national power grid suffered another major collapse, leaving millions without electricity and worsening an already severe energy crisis driven by fuel...

Politics

Taiwan Says Defense Preparations Are Essential Amid Rising China Military Threat

Taiwans efforts to strengthen its defenses against a potential Chinese attack are necessary for national security and should not be viewed as a provocation, a senior Taiwanese security official said Tuesday, urging...

Italy Rejects Trump Social Media Feud Ahead of NATO Summit in Turkey

Italy said it will no longer respond to provocative social media comments from U.S. President Donald Trump, choosing instead to avoid public disputes as NATO leaders gather for a summit in Ankara, Turkey. Italian Foreign...

Damascus Blasts Strike Near Hotel Ahead of Macron Syria Visit

Explosive devices detonated near a hotel in Damascus on Tuesday where French President Emmanuel Macron was scheduled to stay, prompting heightened security measures in the Syrian capital, according to a security source....

Trump May Reopen F-35 Program Access for Turkey Ahead of NATO Summit

U.S. President Donald Trump is expected to tell Turkish President Recep Tayyip Erdogan that his administration is prepared to allow Turkey to rejoin the F-35 stealth fighter program, according to a New York Times report...

FIFA Defends Balogun Ban Suspension After Trump Praise Sparks World Cup Controversy

FIFA President Gianni Infantino defended the organizations disciplinary process after U.S. President Donald Trump praised the decision to suspend U.S. striker Folarin Baloguns World Cup red-card ban, a move that has...

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

SpaceX Stock Draws Bullish Wall Street Coverage Ahead of Nasdaq-100 Inclusion

Several major Wall Street banks have launched coverage of Space Exploration Technologies (SpaceX) ahead of its inclusion in the Nasdaq-100 Index, assigning price targets between $190 and $300 as analysts take different...

China 618 Smartphone Sales Drop 13% as Higher Prices Hurt Demand, Huawei Gains Market Share

Chinas smartphone sales fell 13% year-over-year during the 2026 618 shopping festival as rising handset prices and weaker discounts discouraged buyers, according to Counterpoint Research. The annual month-long shopping...

Meta Says States Seek $1.4 Trillion in Penalties Over Teen Social Media Addiction Lawsuit

Meta Platforms has revealed that four U.S. states are seeking approximately $1.4 trillion in potential penalties in a lawsuit accusing the company of designing Facebook and Instagram to addict young users while misleading...

Samsung Q2 Profit Hits Record on AI Memory Boom as Shares Tumble

Samsung Electronics (KS:005930) forecast record-breaking second-quarter earnings on Tuesday, driven by surging demand for artificial intelligence (AI) memory chips. Despite posting stronger-than-expected operating profit,...

LG Energy Solution Q2 Profit Plunges 77% Despite Revenue Growth on Weak EV Demand

LG Energy Solution (KS:373220) expects its second-quarter operating profit to plunge 77% from a year earlier as slowing global electric vehicle (EV) demand continues to pressure the battery industry, despite reporting...