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Thu, Dec 26, 2024 01:31 AM All times are UTC

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Australia’s retail sales spike in November after eight consecutive months of weak growth

Jan 10, 2020 08:24 am UTC| Commentary Economy

Australias annual growth in retail sales lifted to 3.2 percent y/y in November. This is the strongest y/y result by month since March, and is above the average yearly growth result for the last three years. However,...

Renminbi Series

Chinese yuan rises gradually against U.S. dollar, stay short

Jan 10, 2020 05:56 am UTC| Technicals Commentary

USD/CNY is currently trading around 6.9286 marks. It made intraday high at 6.9492 and low at 6.9274 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.9540 mark. A...

FxWirePro: Asian markets in green, gold slips below $1,550 mark

Jan 10, 2020 04:39 am UTC| Commentary

All the major Asian indices were trading on a higher note on Friday. Gold was trading around $1,545 mark while silver was trading around $17.84 mark. Japans Nikkei was trading 0.30 pct higher at 23,810.50...

Chinese yuan likely to advance further in the coming week, says Scotiabank

Jan 10, 2020 04:35 am UTC| Commentary Economy

The Chinese yuan is expected to advance further in the coming weeks, by considering 1) the Feds dovish stance and Chinas future stimulus measures; 2) the phase-one trade deal due to be signed on January 15 and; 3) a...

Australian bonds narrowly mixed after November retail sales cheer investors amid silent session

Jan 10, 2020 02:34 am UTC| Commentary Economy

The Australian bonds slumped during Asian session of the last trading day of the week Friday after the countrys retail sales for the month of November topped market expectations, rising from the prior reading in October as...

German foreign trade surplus narrows in November

Jan 09, 2020 12:27 pm UTC| Commentary

German foreign trade balance came in at a surplus of EUR 18.3 billion in November, narrowing from the surplus of EUR 20.2 billion seen in November 2018. On a seasonally adjusted basis, the surplus came in at EUR 18.3...

German industrial production rises above expectations in November, economy to grow 0.8 pct in 2020

Jan 09, 2020 11:36 am UTC| Commentary

German industrial production rose strongly in November, coming in slightly above expectations. However, the production trend continues to point downwards. On a sequential basis, the industrial production rose 1.1 percent,...

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Economy

Canada Stocks Gain as Clean Tech and Energy Lead S&P/TSX Composite to 0.40% Rise

Canadian stocks closed higher Wednesday as the SP/TSX Composite rose 0.40%, buoyed by strong performances in Clean Technology, IT, and Energy sectors. BlackBerry reached a 52-week high, while Telus fell to a five-year low....

Spanish Stocks Climb as IBEX 35 Sees Gains in Construction, Telecom, and Petrochemical Sectors

Spains IBEX 35 closed 0.33% higher on Wednesday, led by robust performances in construction and telecom stocks. Sacyr SA rose nearly 2%, while Solaria Energia hit its lowest in three years. Construction and Chemical...

Elon Musk’s xAI Scores $6 Billion with NVIDIA and AMD Driving AI Model and Supercomputer Growth

Elon Musks xAI has closed a $6 billion funding round powered by NVIDIA and AMD investments. The funding will scale AI supercomputers, train Grok 3, and support the launch of innovative consumer and enterprise products. xAI...

China Approves New VAT Law Effective 2026 to Boost Key Sectors and Economic Recovery

China has passed a comprehensive value-added tax law, effective in January 2026, consolidating regulations and offering targeted exemptions for sectors like agriculture, research, and welfare institutions. The reform aims...

Sam Altman Says Superintelligence Will Ignite a 10X Boom in AI Breakthroughs Transforming the Future of Innovation

Sam Altman envisions a world where superintelligence propels AI innovation 10x faster than expected, transforming global progress and redefining humanitys future. Early Arrival of AGI Sparks Debate The most noteworthy is...

Politics

How will Donald Trump manage the transition between administrations?

As Donald Trump prepares to take office as the 47th President of the United States, the transition between administrations is under intense scrutiny. Trumps team has promised a seamless handover, but the highly polarized...

What is Donald Trump’s approach to dealing with past political controversies during his presidency?

Donald Trumps strategy for tackling past political controversies as he steps into his second term has become a central topic of national discourse. The former president, known for his unconventional approach to politics,...

How will Donald Trump restore confidence in his leadership in 2025?

Donald Trumps return to the Oval Office in 2025 has sparked widespread discussion about his plans to restore confidence in his leadership after a contentious first term and a polarizing election victory. With promises of...

What are Donald Trump’s immediate executive actions planned for January 2025?

Donald Trump is poised to enact several immediate executive actions upon his return to the White House in January 2025. The president-elect has made clear his intentions to reverse key Biden administration policies while...

How is Donald Trump preparing for his 2025 inauguration ceremony?

Donald Trump is reportedly planning a grand and highly publicized inauguration ceremony as he prepares to take office as the 47th president of the United States. The event, scheduled for January 20, 2025, is expected to...

Science

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Christmas Eve Asteroid' to Skim Past Earth at 14,743 mph Tonight, NASA Warns

NASA has announced that an asteroid, comparable in size to a 10-story building, will make a close approach to Earth on Christmas Eve. The space rock, designated 2003 SD220, is expected to pass by our planet at a speed of...

Emergency Declared as Bird Flu 'Spreads' to California Dairy Cows

California Governor Gavin Newsom has officially declared a state of emergency in response to the rapidly escalating bird flu outbreak. The declaration comes after avian influenza was detected in dairy cows, a rare and...

Missing Radioactive Material in New Jersey Sparks Panic — Are Drones ‘Hunting for It’?

A small amount of radioactive material went missing in New Jersey earlier this month, raising concerns over public safety and potential security risks. The U.S. Nuclear Regulatory Commission (NRC) confirmed on December 2,...

Technology

BYD Factory in Brazil Faces Investigation as Chinese Workers Found in 'Slavery-like Conditions'

Brazilian officials discovered 163 Chinese workers in slavery-like conditions at a BYD factory construction site in Bahia. Workers faced withheld passports, long hours, and unsafe environments, sparking an ongoing...

Toyota Targets BYD and Chinese Rivals with Shanghai EV Factory for Lexus Production by 2027

Toyota is reportedly planning a new EV factory in Shanghai to independently produce Lexus models, starting in 2027. The move comes as the automaker faces stiff competition from Chinese rivals like BYD in the worlds largest...

Biden Hands China Chip Tariff Probe to Trump as Trade War Heats Up Over Semiconductor Dominance

The U.S. has opened a trade investigation into Chinese legacy semiconductors, aiming to curb Beijings state-driven chip buildup. The probe, announced just weeks before Donald Trumps inauguration, could lead to additional...

Musk’s X Raises Premium-Plus Plan to $22 With Creator Payouts and AI Features in Focus

X, the platform owned by Elon Musk, raised its premium-plus subscription to $22 in the U.S., emphasizing enhanced creator payouts and advanced AI-driven features like the Grok chatbot. The updated pricing takes effect for...

'Drones Plummet onto Crowd' at Orlando Holiday Show, Prompting NTSB Investigation

The National Transportation Safety Board (NTSB) has initiated an investigation into a malfunction involving unmanned aircraft systems (UAS) that resulted in drones falling into the audience during a holiday show at Lake...