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Europe Roundup: Sterling steadies above 1.300, euro rallies on better-than-expected economic data, European shares rebound - Friday, May 19th, 2017

May 19, 2017 11:45 am UTC| Market Roundups

Market Roundup Potential worst week in 9-months for the USD EUR/USD +0.56%, USD/JPY flat, GBP/USD +0.57%, EUR/GBP flat DXY -0.43%, DAX +0.34%, FTSE +0.51, Copper +0.65% Seeking a new narrative, Trump...

Asia Roundup: Antipodeans off highs, dollar near 6-month lows as U.S. political concerns linger, Asian shares volatile - Friday, May 19th, 2017

May 19, 2017 05:55 am UTC| Market Roundups

Market Roundup Trump denies asking Comey to drop probe, decries witch hunt Chinas Xi says willing to put S. Korea ties back on track China, ASEAN agree on framework for S. China Sea code of...

Americas Roundup: Dollar recovers after strong unemployment, business data, Wall Street rebounds, Oil rises ahead of OPEC, key producers pledging cuts-May 19th, 2017

May 18, 2017 21:15 pm UTC| Market Roundups

Market Roundup US Initial jobless claims 232k v 240k forecast, 236k previous. US Jobless claims 4-wk avg 240.75k, 243.50k previous. US Philly Fed business index 38.8, 22.0 previous. US Leading index...

Europe Roundup: Sterling rallies over 1.300 following better-than-expected retail sales, euro off 6-month peak on profit taking, European shares decline amid risk-off sentiment - Thursday, May 18th, 2017

May 18, 2017 11:27 am UTC| Market Roundups

Market Roundup EUR/USD -0.35%, USD/JPY -0.42%, GBP/USD +0.55%, EUR/GBP -0.88% DXY flat, DAX -1.06%, FTSE -1.46, Copper -1.9% UK shoppers shrug off inflation pressure; +2.3% vs revised -1.2% previous...

Asia Roundup: Aussie hits 2-week high on upbeat employment report, dollar rebounds as U.S. Treasury yields resume rise, Asian shares decline- Thursday, May 18th, 2017

May 18, 2017 06:27 am UTC| Market Roundups

Market Roundup Australia Apr jobless rate, 5.7% vs forecast 5.9%, last 5.9% Australia Apr total jobs, +37.4k vs forecast 5k, last 60.9k Former FBI chief Mueller appointed to probe Trump-Russia...

Americas Roundup: Dollar sinks vs Japanese yen on Trump fears, Wall Street dips, Oil rises on U.S. inventory draw as OPEC-led supply cut deal extension supports prices-May 18th, 2017

May 17, 2017 20:46 pm UTC| Market Roundups

Market Roundup US MBA Mortgage application -4.1%, 2.4% -previous (biggest weekly drop since Dec.). US MBA 30-Yr Mortgage rate 4.23%, 4.23% - previous. UK Weekly earnings ex-bonuses falls in real terms by 0.2%...

Europe Roundup: Sterling hits 1-week high as UK jobless rate falls, Swiss franc, yen rally on Trump uncertainty, crude oil rebounds - Wednesday, May 17th, 2017

May 17, 2017 11:59 am UTC| Market Roundups

Market Roundup EUR/USD +0.01%, USD/JPY -0.66%, GBP/USD +0.22%, EUR/GBP -0.15% DXY -0.08%, DAX -0.4%, FTSE flat, Copper -0.12% S. Koreas Moon says high possibility of conflict with North as missile crisis...

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Economy

Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth

Vietnam recorded a notable month-on-month decline in trade activity in November, according to new data from the National Statistics Office (NSO). Exports fell 7.1% from October, reaching $39.07 billion, while imports...

Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook

Fitch Ratings has reaffirmed Austrias Long-Term Foreign-Currency Issuer Default Rating at AA with a Stable Outlook, underscoring the countrys strong economic fundamentals despite rising fiscal pressures. According to the...

Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut

The upcoming Federal Reserve meeting is shaping up to be one of the most closely watched and contentious in years, with investors focused on how divided policymakers are over a potential interest-rate cut and the signals...

U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut

U.S. stocks ended higher on Friday as a softer inflation reading strengthened expectations that the Federal Reserve could move forward with an interest-rate cut next week. The SP 500 climbed 0.2%, the Dow Jones Industrial...

U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut

U.S. stocks closed the week with modest gains on Friday, as investors weighed a wave of delayed economic data and maintained strong expectations for a Federal Reserve interest rate cut at next weeks policy meeting. Despite...

Politics

CFPB to Review Anti-Discrimination Policies and Fair Lending Rules Amid Policy Shift

The U.S. Consumer Financial Protection Bureau (CFPB) is preparing to convene its Consumer Advisory Board next week to review major policy changes, including a controversial proposal to scale back long-standing...

Supreme Court to Review Legality of Trump’s Birthright Citizenship Restrictions

The U.S. Supreme Court has agreed to examine the legality of President Donald Trumps directive aimed at restricting birthright citizenship, a move that could redefine a long-standing interpretation of the 14th Amendment....

Australia Imposes Sanctions on Taliban Officials Over Human Rights Abuses

Australia has announced new financial sanctions and travel bans against four senior officials of Afghanistans Taliban government, citing the worsening human rights situation in the country, particularly the escalating...

U.S. Appeals Court Rules Trump Can Remove Members of Key Federal Labor Boards

A U.S. appeals court has ruled that President Donald Trump had the authority to dismiss Democratic members of two major federal labor boards, marking a significant win for efforts to expand presidential control over...

Trump Backs Review of U.S. Childhood Vaccine Schedule After Hepatitis B Policy Change

President Donald Trump on Friday expressed support for a major shift in U.S. vaccine policy after government advisers voted to eliminate the long-standing recommendation that all newborns receive the hepatitis B vaccine at...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Taiwans political landscape heated up after the government announced a plan to suspend access to the Chinese social media platform Rednoteknown as Xiaohongshufor one year. The interior ministry said the proposed ban stems...

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...