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Delay in Fed liftoff has added yet another layer of uncertainty to an already foggy EM outlook

Sep 24, 2015 17:21 pm UTC| Commentary Central Banks

The Feds decision to delay liftoff supports our view EM rates will remain low for some time. Oil prices have dropped 22% since early July, and although commodities have been stable in September, the cumulative loss amounts...

BOC rate cut bet rises after Norges Bank surprises with rate cut

Sep 24, 2015 15:39 pm UTC| Insights & Views Central Banks

Norways Norges bank surprised markets today with a rate cut of 25 basis points, pushing Krone lower against almost all currencies. Krone is currently trading at against Dollar, down % for the day so far. Norways actions...

Path of ECB policy a likely worry for SNB

Sep 24, 2015 11:13 am UTC| Insights & Views Central Banks

The Swiss National Bank delivered its monetary policy announcement on Sept 17th, where it left the policy mix unchanged as broadly expected, in an effort to rein in the Swiss franc, which it said remained significantly...

Taiwan CBC likely to keep benchmark rates unchanged

Sep 24, 2015 11:02 am UTC| Commentary Central Banks

In todays statement, the CBC pointed out that with inflation in negative territory, real interest rates in Taiwan were still relatively high, an indication to us that the bank can still ease (towards the post-Lehman low of...

Norges Bank cut its rate, this is not likely to be the last

Sep 24, 2015 10:30 am UTC| Commentary Central Banks

NOK weakened significantly on todays decision and is already much weaker than Norges Banks Q4 forecast for import weighted NOK (I-44). Norges Banks forecast is 104,5 and currently I-44 is 107,6. This strengthens the case...

China's FX intervention unlikely to sustain

Sep 24, 2015 09:22 am UTC| Commentary Central Banks

The Chinese authorities may have bought some time by implementing macroprudential measures to make it more costly and difficult for domestic entities to buy USD, but the efficacy of such measures will likely fade over time...

RBI does everything to glitter INR but pressurized from external macros

Sep 24, 2015 08:50 am UTC| Insights & Views Central Banks

The Indian rupee has been relatively insulated from external pressures from US monetary policy and China. A narrowing in Indias current account deficit from 2013 levels, lower crude oil prices (India is heavily reliant on...

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Economy

Asian Stocks Mixed as OpenAI Revenue Concerns Hit Chipmakers

Asian stock markets traded unevenly on Friday as semiconductor shares declined following fresh concerns about OpenAIs revenue outlook, while rising oil prices and volatile bond markets weighed on investor sentiment. The...

Gold Prices Rise as Dollar Weakens, Treasury Yields Fall

Gold prices climbed during Asian trading on Friday, supported by a weaker U.S. dollar and falling Treasury yields, as investors assessed inflation concerns driven by rising oil prices and expectations of further Federal...

Asian Currencies Steady as Dollar Eyes Fourth Weekly Gain

Asian currencies traded largely flat on Friday as the U.S. dollar headed for its fourth consecutive weekly gain, supported by expectations that the Federal Reserve could raise interest rates again before the end of 2026....

US, EU Push for Action Against Asia’s Excess Factory Capacity

U.S. Trade Representative Jamieson Greer said Thursday that European Union countries have reached a broad consensus on the need to address global manufacturing overcapacity, particularly in Asia, as concerns grow over its...

Wall Street Falls as Oil Prices Rise and Tech Stocks Slide

Wall Street stocks declined for a second consecutive session on Thursday as rising oil prices, Treasury market volatility, and concerns over OpenAIs revenue outlook weighed on investor sentiment. At 13:07 ET, the SP 500...

Politics

Venezuela’s Machado Calls for Elections by July 2027

Venezuelan opposition leader Maria Corina Machado has called for presidential elections in Venezuela next year, saying the country has sufficient time to organize a vote by July 2027, according to a Financial Times report...

RFK Jr. Launches Nationwide Vaccine Safety Review

US Health Secretary Robert F. Kennedy Jr. has launched a department-wide initiative to investigate and document reported health problems following vaccination, the Department of Health and Human Services (HHS) announced...

Zelenskiy Slams US Over Deadly Russian Strikes on Ukraine

Ukrainian President Volodymyr Zelenskiy criticized the United States for its reluctance to provide additional military support after Russian airstrikes killed dozens of civilians across Ukraine, intensifying tensions over...

Flavio Bolsonaro Leads Lula 49%-45% in Brazil Runoff Poll

Brazilian Senator Flavio Bolsonaro holds a narrow lead over President Luiz Inacio Lula da Silva ahead of the October 25 presidential runoff election, according to a Datafolha poll released Thursday. However, the results...

Trump Buys Up to $25M in Meta Stock, Invests in SpaceX Debt

Meta Platforms (NASDAQ: META) shares briefly climbed more than 1% after President Donald Trumps latest financial disclosure revealed a stock purchase worth up to $25 million. The shares later trimmed their gains as...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Apple Cuts iPhone 18 Pro Production Orders Amid Weak Demand

Apple Inc. (NASDAQ: AAPL) has reportedly instructed several suppliers to reduce component production for its newly released iPhone 18 Pro and iPhone 18 Pro Max, signaling potential challenges for the companys latest...

OpenAI Revenue Hits $50 Billion, Below Earlier $70 Billion Estimate

OpenAI has informed investors that its annualized revenue reached nearly $50 billion in September, significantly below the $70 billion previously indicated, according to a Reuters report on Thursday. The revised figure...

OpenAI Annualized Revenue Hits $50 Billion, Below Earlier Estimates

OpenAIs annualized revenue reached approximately $50 billion by the end of September 2026, significantly below the $70 billion previously reported to investors, according to financial documents reviewed by the Financial...

Oracle Uses Trucked Natural Gas to Power AI Data Centers Amid Pipeline Delays

Oracle Corp. is transporting natural gas by truck to several data centers across the United States as delays in pipeline construction threaten the companys artificial intelligence infrastructure expansion plans, Bloomberg...

Apple Names Steve Smith M&A Chief in Leadership Shakeup

Apple Inc. is making significant changes to its executive leadership, appointing Steve Smith as its new head of mergers and acquisitions (MA) as the technology giant continues restructuring its management team under newly...
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