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From lascars to skilled migrants: Indian diaspora in New Zealand and Australia

Oct 30, 2018 12:35 pm UTC| Insights & Views Economy

More than half a million people of Indian descent live in Australia and New Zealand. The history of the Indian diaspora in these countries is older than many might imagine, going back 250 years. Indians are today widely...

Cryptocurrency Brief: Bitcoin continues range-bound trading, UK’s FCA to consider ban on sale of cryptocurrency-based derivatives - Tuesday, October 30th, 2018

Oct 30, 2018 11:35 am UTC| Commentary Economy Digital Currency Market Roundups

BTC/USD: Bitcoin prices continued to trade range-bound during late European session Tuesday, amid lack of market-moving events. At the time of writing, BTC/USD hovered around $6,349.70, marking a high of $6,383.60....

UK gilts trade mixed ahead of BoE’s monetary policy decision, Governor Carney’s decision

Oct 30, 2018 10:44 am UTC| Commentary Economy

The United Kingdoms gilts remained mixed during Tuesdays afternoon session ahead of the Bank of Englands (BoE) monetary policy decision, scheduled to be unveiled on November 1 by 12:00GMT, followed by Governor Mark Carneys...

German bunds continue to suffer after October unemployment change cheers investors, Eurozone October CPI eyed

Oct 30, 2018 10:10 am UTC| Commentary Economy

The German bunds continued to slump during European session Tuesday after investors were cheered by the improvement in the unemployment change for the month of October, better than market forecast as well. Investors...

USD/CNY, USD/CNH likely to stay below psychological 7 mark in run-up to Trump-Xi summit: Scotiabank

Oct 30, 2018 08:00 am UTC| Commentary Economy

The USD/CNY and USD/CNH are expected to stay below the psychological 7 mark in the run-up to the Trump-Xi summit set for November 30 December 1. Both pairs will likely rally through the 7 level if the Trump-Xi summit...

Australia building approvals rise in September, offsetting previous losses; likely to continue trending lower in near term: ANZ Research

Oct 30, 2018 05:48 am UTC| Commentary Economy

Australias housing approvals recovered somewhat in September, following large declines in the prior two months. The improvement was concentrated in apartment approvals, which rose a sharp 10.7 percent m/m, partially...

Australian bonds suffer on hopes of rise in Q3 CPI; September retail sales in focus

Oct 30, 2018 03:57 am UTC| Commentary Economy

Australian government bonds suffered during Asian session Tuesday as investors expect to see a slight rise in the countrys consumer price inflation (CPI) data for the third quarter of this year, scheduled to be released on...

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Economy

Japan Weighs Using Foreign Exchange Reserve Surplus to Fund Food Tax Cuts

Japans government is considering whether surplus funds from its massive foreign exchange reserves could be used to help finance planned cuts to the food sales tax, according to comments made Tuesday by Japanese Minister of...

Russia Condemns U.S. Sanctions as Cuba Faces Critical Fuel Crisis

Russia has warned that Cubas fuel situation has reached a critical point, blaming intensified U.S. sanctions for deepening the islands economic crisis and pledging continued solidarity with Havana and Caracas. Moscow also...

U.S. Stock Futures Steady as Investors Await Key Jobs and Inflation Data

U.S. stock futures were little changed on Monday evening as investors grew cautious ahead of key economic data releases later this week, following a mostly positive close on Wall Street. Futures tied to the SP 500 slipped...

Gold Prices Slip in Asian Trade as Markets Await Key U.S. Economic Data

Gold prices declined in early Asian trading on Tuesday, pulling back from strong gains seen in the previous session, as investors remained cautious ahead of a series of important U.S. economic indicators due later this...

Oil Prices Dip as Hormuz Tensions, Iran Talks, and Russia Sanctions Shape Market Outlook

Global oil prices edged lower on Tuesday as investors weighed geopolitical risks in the Middle East against ongoing diplomatic efforts and fresh developments in global energy trade. Brent crude futures slipped 25 cents, or...

Politics

U.S. Issues New Shipping Guidance for Strait of Hormuz Amid Rising Iran Tensions

The United States has issued new guidance for commercial vessels navigating the Strait of Hormuz, one of the worlds most critical maritime chokepoints for global oil and gas shipments, as tensions persist between...

Hong Kong Leader Defends 20-Year Sentence for Jimmy Lai

Hong Kong Chief Executive John Lee said on Tuesday that media tycoon and prominent democracy campaigner Jimmy Lai deserved the 20-year prison sentence imposed by a court earlier this week, arguing that the punishment...

Trump Administration Plans Chip Tariff Exemptions for Big Tech Amid AI Data Center Push

The administration of U.S. President Donald Trump is reportedly planning to exempt major technology companies such as Amazon, Google, and Microsoft from upcoming tariffs on semiconductor chips, a move aimed at supporting...

U.S. Appeals Court Allows Trump Administration to End TPS for Honduras, Nepal, Nicaragua Migrants

A U.S. appeals court in California on Monday temporarily lifted a federal judges order that had blocked the Trump administration from ending Temporary Protected Status (TPS) for nearly 89,000 migrants from Honduras, Nepal...

Trump Threatens to Block Gordie Howe Bridge, Escalating U.S.-Canada Trade Tensions

U.S. President Donald Trump has threatened to prevent the opening of the $4.6 billion Gordie Howe International Bridge linking Detroit, Michigan, and Windsor, Ontario, escalating an already tense trade dispute between the...

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

Salesforce Workforce Reduction Affects Fewer Than 1,000 Roles Amid Ongoing Restructuring

Salesforce has reportedly reduced its workforce by fewer than 1,000 employees earlier this month, according to a Business Insider report published on Monday. The report cited a person familiar with the matter, though...

Alphabet Plans Rare 100-Year Sterling Bond to Fund AI Expansion

Alphabet is preparing to issue a rare 100-year sterling bond as part of a broader multi-currency debt offering, marking a notable move to expand its long-term borrowing strategy to support growing investments in artificial...

Amazon Explores AI Content Marketplace With Media Publishers

Amazon (NASDAQ: AMZN) is reportedly in discussions with media publishers about launching a new artificial intelligence content marketplace designed to connect news organizations and digital content creators with companies...

Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible

Taiwan has firmly rejected calls from the United States to relocate a large portion of its semiconductor manufacturing capacity, with senior officials stressing that the islands chip industry cannot be uprooted. Taiwan...

Samsung Electronics Shares Jump on HBM4 Mass Production Report

Samsung Electronics shares surged on Monday following reports that the South Korean tech giant is set to begin mass production of its next-generation HBM4 memory chips, a key component in artificial intelligence hardware....