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Australia’s unemployment rate moves higher despite solid jobs gain; eyes on RBA Governor Lowe’s speech

May 16, 2019 05:40 am UTC| Commentary Economy

Australias unemployment rate moved higher during the month of April despite solid gain in jobs; increased labour supply drove the rise in the unemployment rate, with the participation rate at its highest result on record....

FxWirePro: Why Trump might delay auto tariffs?

May 15, 2019 14:50 pm UTC| Commentary Economy

Bloomberg news agency reported that President Trump to delay the decision on auto tariffs for six months so, which has somewhat helped the U.S. benchmark stock index sP500 recover some of the lost ground. The index is up...

U.S. Treasuries surge ahead of April retail sales, couple of FOMC members’ speeches

May 15, 2019 11:28 am UTC| Commentary Economy

The U.S. Treasury yields slumped during Wednesdays afternoon session, ahead of the countrys retail sales for the month of April, scheduled to be released today by 12:30GMT, besides, a host of speeches by Federal Open...

German bunds jump even as Q1 GDP cheers investors; April eurozone CPI in focus

May 15, 2019 10:09 am UTC| Commentary Economy

The German bunds jumped during European trading session Wednesday after investors have largely shrugged-off the rise in the countrys gross domestic product (GDP) for the first quarter of this year, released early this...

Australia’s annual wage growth steadies in Q1’19, makes RBA’s policy decision foggy

May 15, 2019 07:16 am UTC| Commentary Economy

Australias annual wage growth steadied at 2.3 percent in Q1 2019. The quarterly result of 0.5 percent was marginally lower than expected but wasnt far off 0.6% at two decimal places. Annual growth in wages including...

Australian bonds rally as trade tensions continue to bother; eyes on April employment report

May 15, 2019 03:58 am UTC| Commentary Economy

Australian government bonds rallied during Asian trading session Wednesday as trade tensions continued to bother market sentiments, thus pushing them towards safe-haven assets, while the countrys employment report for the...

U.S. Treasury yields revive strength ahead of FOMC speeches, host of 2-tier economic data

May 14, 2019 11:34 am UTC| Commentary Economy

The U.S. Treasury yields revived strength during Tuesdays afternoon session, ahead of a host of speeches by members of the Federal Open Market Committee (FOMC) scheduled for later in the day members George and Daly will...

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Economy

Australian Central Bank Signals Tough Stance as Inflation Pressures Persist

A senior official at the Reserve Bank of Australia (RBA) has reinforced the central banks firm commitment to curbing inflation, warning that price pressures remain uncomfortably high despite signs of resilience across the...

Yen Strengthens as Japan Election Boosts Confidence, Dollar Wavers Ahead of U.S. Jobs Data

The Japanese yen held onto solid gains on Wednesday, supported by a strong rally in Japans stock market and growing optimism over the countrys political outlook following Prime Minister Sanae Takaichis landslide election...

Oil Prices Hold Firm as U.S.–Iran Talks and Inventory Data Shape Market Sentiment

Oil prices edged slightly higher on Wednesday as traders remained cautious, balancing ongoing U.S.Iran nuclear talks with fresh geopolitical risks and upcoming U.S. inventory data. Brent crude futures gained 23 cents, or...

China CPI Growth Slows While Producer Deflation Eases in January

Chinas inflation data for January showed a mixed picture, with consumer price growth moderating while factory-gate deflation continued to ease, according to figures released by the National Bureau of Statistics on...

Gold and Silver Prices Rise as Falling U.S. Yields Signal Softer Economy Ahead of Key Jobs Data

Gold and silver prices moved higher on Wednesday as declining U.S. Treasury bond yields boosted demand for precious metals, following economic data that pointed to a cooling U.S. economy. Investors closely watched the...

Politics

FAA Confirms $1.5 Billion Peraton Contract as U.S. Air Traffic Control Overhaul Accelerates

The Federal Aviation Administration has confirmed that its contract with national security firm Peraton, the project manager for a sweeping $12.5 billion modernization of the U.S. air traffic control system, is valued at...

China Signals Strategic Rare Earth Push Amid Rising U.S. Competition

China has sent a fresh signal about the growing strategic importance of rare earth minerals as Premier Li Qiang, the countrys second-ranking official, inspected rare earth facilities in Jiangxi province this week,...

U.S. to Deploy 200 Troops to Nigeria to Train Military Against Islamist Militants

The United States is preparing to deploy approximately 200 troops to Nigeria to help train the countrys military in its fight against Islamist militant groups, according to a U.S. official. The deployment comes weeks after...

Tulsi Gabbard Winds Down Controversial Intelligence Task Force Amid Political Scrutiny

U.S. Director of National Intelligence Tulsi Gabbard has confirmed that she has wound down the Directors Initiatives Group (DIG), a task force she launched last year to combat what she described as politicization within...

Zelenskiy Orders Overhaul of Ukraine’s Air Defence as Russian Attacks Intensify

Ukrainian President Volodymyr Zelenskiy has convened senior military and government officials to address critical weaknesses in Ukraines air defence systems and civilian protection nearly four years into Russias full-scale...

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 Signals Further Restrictions on Telegram Amid Ongoing Regulatory Disputes

Russia is set to impose additional restrictions on Telegram, one of the countrys most widely used messaging platforms, after authorities said the app failed to address earlier violations of Russian law. The announcement...

Cloudflare Forecasts Strong Revenue Growth as AI Fuels Cloud Services Demand

Cloudflare has projected annual and first-quarter revenue above Wall Street expectations, signaling strong confidence in the growing demand for cloud services driven by rapid advancements in artificial intelligence. The...

Minnesota Governor Says Trump Immigration Crackdown Could End Soon

Minnesota Governor Tim Walz said Tuesday that the federal immigration crackdown ordered by President Donald Trumps administration in Minnesota could end within days, following direct conversations with senior White House...

xAI Co-Founder Jimmy Ba Departs as Elon Musk’s AI Startup Faces Turbulence

Jimmy Ba, a co-founder of xAI, announced on Tuesday evening that he is leaving the artificial intelligence startup, becoming the sixth founding member to exit the company in recent months. Ba shared the news in a post on...

Samsung Electronics Sees Sustained AI-Driven Demand for Memory Chips Into Next Year

Samsung Electronics expects strong demand for memory chips to remain robust throughout this year and extend into next year, driven largely by the rapid expansion of artificial intelligence technologies, according to a...