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Wed, Apr 24, 2024 02:39 PM All times are UTC

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America’ s Roundup: Dollar strengthens following a significant shift in the global rate outlook, Wall Street ends mixed, Gold retreats, Oil prices down amid Gaza ceasefire negotiations

Mar 23, 2024 01:55 am UTC| Market Roundups

Market Roundup Canada Jan Retail Sales (MoM) -0.3%,-0.4% forecast,0.9% previous Canada Jan Core Retail Sales (MoM) 0.5%,-0.4% forecast,0.6% previous Canada Jan Budget Balance-2.10B, -4.47B previous Canada Jan...

Europe Roundup: Pound hits one-month low on BOE's rate cut hints , European shares flat, Gold firms, Oil steady as Gaza ceasefire talks gain traction-March 22nd,2024

Mar 22, 2024 12:56 pm UTC| Market Roundups

Market Roundup UK Retail Feb Sales (YoY) -0.4%,-0.7% forecast, 0.7% previous German Jan Import Price Index (YoY) -5.9%,-7.4% forecast, -8.5% previous German Jan Import Price Index (MoM) 0.0%, -0.4% forecast,...

America’s Roundup: Dollar gains after strong economic data, Wall Street ends higher, Gold eases slightly, Oil settles lower on weak demand for gasoline in the United States

Mar 21, 2024 23:54 pm UTC| Market Roundups

Market Roundup German economy likely in recession in Q1 -Bundesbank UK economy moving in right direction for cuts -BoE US Mar Philly Fed Business Conditions 38.6, 7.2 previous US Philly Fed Prices Paid...

Europe Roundup: Euro eases against dollar, European shares hit record high, Gold hits all-time high, Oil broadly steady after surprise US crude stock drop-March 21st,2024

Mar 21, 2024 12:11 pm UTC| Market Roundups

Market Roundup French Mar Manufacturing PMI 45.8 ,47.5 forecast,47.1 previous French Mar French SP Global Composite PMI 47.7, 48.6 forecast,48.1 previous French Mar French Services PMI 47.8, 48.8 forecast,48.4...

America’s Roundup: Dollar falls as Fed projects three rate cuts in 2024 ,Wall Street ends higher, Gold rises, Oil slips as investors weigh Fed rate decision

Mar 21, 2024 00:13 am UTC| Market Roundups

Market Roundup US Distillate Fuel Production 0.128M,0.217M previous US EIA Weekly Refinery Utilization Rates (WoW) 1.0%,1.9% previous US Gasoline Inventories -3.310M,-1.350M forecast,-5.662M previous US Cushing...

Europe Roundup: Sterling edges down versus dollar , European shares fall, Gold slips, Oil retreats from multi-month highs ahead of Fed decision-March 20th,2024

Mar 20, 2024 12:15 pm UTC| Market Roundups

Market Roundup UK Feb Core PPI Output (MoM) 0.2% forecast, 0.2% previous UK Feb PPI Input (MoM) -0.4%, 0.2% forecast,-0.8% previous UK Feb RPI (YoY) 4.5% , 4.5% forecast, 4.9% previous UK Feb RPI (MoM) ...

America’s Roundup: Dollar firms ahead to the Federal Reserve's policy meeting, Wall Street advances, Gold loses footing , Oil prices surged to multi-month highs amid concerns over Russian supply disruptions

Mar 19, 2024 21:37 pm UTC| Market Roundups

Market Roundup Canada Feb Core CPI (MoM) 0.1% ,0.1% previous Canada Feb CPI (MoM) 0.3%, 0.6% forecast,0.0% previous US Feb Building Permits 1.518M ,1.500M forecast,1.489M previous US Feb Building Permits (MoM)...

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Economy

The yen plunges to 34-year low despite interest rate hike

The Bank of Japan (BoJ) raised interest rates for the first time in 17 years on March 19, bringing an era of negative interest rates to an end. The key rate was hiked from 0.1% to a band from zero to 0.1% a token effort...

The idea that US interest rates will stay higher for longer is probably wrong

The 0.4% rise in US consumer prices in March didnt look like headline news. It was the same as the February increase, and the year-on-year rise of 3.5% is still sharply down from 5% a year ago. All the same, this modest...

Impact of Iran-Israel conflict on Stocks, Gold and Bitcoin

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation,...

Japan Posts 7.7% Growth in Machinery Orders

In a striking development that looks set to invigorate Japans economic prospects, a key gauge of capital spending in the country has seen its most significant jump in over a year. According to Cabinet Office data released...

Why Africa can be the beating heart of South Korea’s technology industry

Tshepo Ncube, Head: International Coverage and Bhavtik Vallabhjee, Head: Power, Utilities Infrastructure at Absa CIB reflect on their recent visit to South Korea, examining why investors in the region have their eyes set...

Politics

US Commerce Secretary Asserts Huawei Chip Lag, Affirms Export Control Success

In an interview on CBS News 60 Minutes, Commerce Secretary Gina Raimondo stated that the latest Huawei Mate 60 Pro phones chip remains significantly behind U.S. technology despite being the most advanced from China. She...

The Alberta government is interfering in public sector bargaining on an unprecedented scale

In the coming months, over 200,000 public sector workers in Alberta will begin bargaining with their employers for new contracts. The most recent agreements expired in March and, after many years of high inflation and few...

Putin’s Russia: first arrests under new anti-LGBT laws mark new era of repression

Just over three decades after Russia decriminalised homosexuality in 1993, three people have been arrested and charged under the countrys harsh new anti-LGBT laws and could face ten years in prison for membership of an...

Nvidia RTX 4090D Embroiled in US-China Tech Rivalry; South Korea Navigates Chip Export Dilemma

The U.S. government has tightened export restrictions on high-performance semiconductor chips to China, including the Nvidia RTX 4090D, and is urging South Korea to enforce similar curbs, marking a significant escalation...

Canada needs a national strategy for homeless refugee claimants

One year after the federal government closed Roxham Road, refugee claims in Canada continue to increase: there were 143,785 in 2023 compared to 91,730 in 2022. The surprise announcement in March 2023 to modify Canadas...

Science

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

Technology

Mercedes Launches 2025 G-Class Electric with Four Motors and Revolutionary Tank Turns

Mercedes-Benz revealed the 2025 G-Class electric model, the G580 with EQ technology, in Beverly Hills. It boasts four motors and an innovative tank turn capability, setting a new benchmark in luxury electric...

U.S. Prosecutors Demand Three Years for Former Binance CEO Zhao Over Laundering

In a stern move reflecting the severity of financial crimes, U.S. prosecutors have recommended a 36-month prison sentence for Changpeng Zhao, the former CEO of cryptocurrency giant Binance, for aiding in money laundering...

Asahi Kasei to Build EV Battery Plant in Canada to Supply Key Parts to Honda Motor

Asahi Kasei Corporation, a chemical company based in Japan, announced it will build a new production plant in Canada where it will make parts for electric vehicle batteries. The company will then supply critical materials...

SK Networks Sets Up AI Research Lab in Silicon Valley

SK Networks established its own AI research center in the United States. The lab was inaugurated in Silicon Valley, California, on Tuesday, April 23. The site will become SK Networks AI base outside of South Korea. The...

Huawei Introduces Smart Driving Software Brand Qiankun

Huawei Technologies Co., Ltd. introduced its new smart driving software brand, Qiankun. The launch boosted Huaweis efforts to become a major name in the electric vehicle sector. Huaweis New Software Brand Huaweis new...