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Thu, Feb 12, 2026 02:37 AM All times are UTC

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Eurozone August current account surplus widens, suggests subdued “Brexit-effect” for now

Oct 20, 2016 15:07 pm UTC| Commentary

Data from the European Central Bank showed on Thursday that Eurozones current account surplus widened to a 3-month high in August. Eurozone posted a current account surplus of 29.7 billion ($32.6 billion) in August after...

Bank of Canada keeps interest rate unchanged, lowers growth profile

Oct 20, 2016 14:19 pm UTC| Commentary

Bank of Canada maintained overnight rate target at 0.5 percent unchanged since July 2015. However, the decision to hold rates was a close call. The Bank Rate is correspondingly 0.75 percent and the deposit rate is 0.25...

Beige Book paints a relatively bright picture of U.S. domestic economy

Oct 20, 2016 14:09 pm UTC| Commentary

The Beige Book published by the Federal Reserve eight times a year, summarized comments received from business contacts around the country. According to the Feds latest Beige Book report for the period between late-August...

Chart of the Day Series

Chart of the Day: London's clearing pie

Oct 20, 2016 13:42 pm UTC| Commentary Economy

This chart from Financial times shows the very pie (London clearings) that every European country is looking to take a bite of, after the Brexit. UKs Brexit minister said that it is a government priority to keep that...

China Crisis Series

China at risk of losing AA-status on uncontrolled credit growth, warns S&P

Oct 20, 2016 13:37 pm UTC| Commentary

US-based ratings agency, SP Global Ratings in a report released last week warned that China is at a risk of losing its AA-status if it doesnt rein in its debt-fueled economic growth. SPs has slashed Chinas outlook to...

Canadian bonds trade flat ahead of CPI data, weak crude oil prices limit yields growth

Oct 20, 2016 13:19 pm UTC| Commentary

The Canadian government bonds traded nearly flat Thursday as investors await the September consumer inflation data, which is scheduled to be released tomorrow. Also, weak crude oil prices limited the growth in bond...

Commodities snapshot (precious & industrial)

Oct 20, 2016 13:06 pm UTC| Commentary

Metal pack is up today. Performance this week at a glance in chart table - Gold: Gold is only marginally higher today, looking to test resistance around $1300 area. Todays range $1260-1272 We expect gold to...

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Economy

Gold and Silver Prices Slip After Strong U.S. Jobs Data, Fed Rate Cut Bets Fade

Gold and silver prices edged lower in Asian trading on Thursday after stronger-than-expected U.S. nonfarm payrolls data reduced expectations of aggressive Federal Reserve interest rate cuts. However, ongoing geopolitical...

Asian Stocks Hit Record High as Strong U.S. Jobs Data Tempers Fed Rate Cut Hopes

Asian stocks surged to fresh record highs on Thursday, supported by a rally in technology shares and renewed investor confidence across the region. South Korean and Japanese equities led gains in early trading, pushing...

RBA Signals Further Interest Rate Hikes if Inflation Persists, Says Governor Michele Bullock

Reserve Bank of Australia (RBA) Governor Michele Bullock has warned that additional interest rate hikes remain possible if inflation in Australia becomes entrenched, underscoring the central banks firm commitment to...

U.S. Stock Futures Steady as Strong Jobs Data Clouds Fed Rate Cut Outlook

U.S. stock futures were little changed Wednesday evening following a muted session on Wall Street, as investors weighed a stronger-than-expected jobs report that dampened expectations for near-term Federal Reserve rate...

Japan Warns on Yen Volatility as Currency Surges Against Dollar

Japans top currency diplomat, Atsushi Mimura, reaffirmed Tokyos vigilance over foreign exchange markets, warning that authorities remain on high alert despite the recent surge in the yen against the U.S. dollar. Speaking...

Politics

House Votes to End Trump’s Canada Tariff Emergency, Senate Showdown Looms

The U.S. House of Representatives voted Wednesday evening to terminate the national emergency declared by President Donald Trump to impose tariffs on Canada, marking a significant development in the ongoing debate over...

Pentagon Seeks Broader Access to AI Tools on Classified Military Networks

The Pentagon is accelerating efforts to deploy advanced artificial intelligence tools across both unclassified and classified military networks, signaling a major shift in how the U.S. Department of Defense plans to...

Trump to Host Governors at White House Amid Dispute Over Democratic Invitations

President Donald Trump plans to host a bipartisan group of U.S. governors at the White House on February 20, according to National Governors Association (NGA) Chairman Kevin Stitt. The annual NGA meeting in Washington...

U.S. Offers Payments to Afghans in Qatar as Camp As Sayliyah Closure Nears

The U.S. State Department has begun offering financial incentives to Afghans stranded in Qatar to encourage voluntary repatriation, as officials move to shut down Camp As Sayliyah (CAS) by the end of March. The facility, a...

Angus Taylor Challenges Sussan Ley as Liberal Party Leadership Tensions Escalate

Australias opposition leader Sussan Ley is facing mounting pressure within the Liberal Party after senior frontbencher Angus Taylor resigned from his role as shadow defence minister, signaling a potential leadership...

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

Russia Moves to Fully Block WhatsApp as Kremlin Pushes State-Backed MAX App

Russia has reportedly attempted to fully block WhatsApp, the popular messaging service owned by Meta Platforms, as part of its broader efforts to tighten control over the countrys digital space. According to a company...

Instagram CEO Defends Platform in Youth Mental Health Lawsuit Over Social Media Addiction Claims

Adam Mosseri, head of Meta Platforms Instagram, defended the companys product decisions during a high-profile trial in Los Angeles centered on allegations that social media addiction has contributed to a youth mental...

FTC Questions Apple News Over Alleged Bias Against Conservative Media

The U.S. Federal Trade Commission (FTC) has raised concerns about Apple News following allegations that the platform favors left-leaning media outlets while excluding conservative publications. In a letter addressed to...

ByteDance Advances AI Chip Development With Samsung Manufacturing Talks

Chinas ByteDance is accelerating its push into artificial intelligence hardware, reportedly developing its own AI chip while holding discussions with Samsung Electronics for manufacturing support. The TikTok parent company...

SMIC Shares Slide Despite Strong AI-Driven Earnings as Margin Pressure Looms

Shares of Semiconductor Manufacturing International Corp (HK:0981), Chinas largest contract chipmaker, declined 3.6% to HK$68.95 in Hong Kong trading on Wednesday, underperforming the Hang Seng Index, which edged up 0.4%....