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FOMC likely to hike target range by 25 bps to 1.75-2.00 pct next week, no big changes seen in the dot plot: Danske Bank

Jun 08, 2018 07:35 am UTC| Commentary Central Banks Economy

The Federal Open Market Committee (FOMC) is expected to hike the target range by 25bp to 1.75-2.00 percent at its monetary policy meeting next week without making any big changes to the dot plot. The Fed is set to...

TWD likely to consolidate, pare some of recent gains should risk aversion resurface: Scotiabank

Jun 08, 2018 06:19 am UTC| Commentary Economy

The Taiwanese dollar is expected to consolidate and then pare some of its recent gains should risk aversion resurface, according to the latest report from Scotiabank. The ECB to debate QE exit will see EUR/USD heading for...

TWD likely to consolidate, pare some of recent gains should risk aversion resurface: Scotiabank

Jun 08, 2018 06:19 am UTC| Commentary Economy

The Taiwanese dollar is expected to consolidate and then pare some of its recent gains should risk aversion resurface, according to the latest report from Scotiabank. The ECB to debate QE exit will see EUR/USD heading for...

Global Geopolitical Series: Trump lashes at G7 criticisms ahead of meeting

Jun 08, 2018 05:36 am UTC| Commentary Economy

President Trump took to Twitter to respond to the recent criticism from G7 leaders with regard to the United States trade policy under the Trump administration, which has been vocal against United States trade deficit with...

JGBs gain slightly after Q1 2018 final GDP data disappoints market participants

Jun 08, 2018 05:24 am UTC| Commentary Economy

Japanese government bonds gained slightly during late Asian session Friday after the countrys first quarter 2018 final gross domestic product (GDP) data, released early today disappointed market participants, also...

Australian bonds jump on short-covering on last trading day ahead of long weekend

Jun 08, 2018 03:48 am UTC| Commentary Economy

Australian government bonds jumped on the last trading day of the week Friday as investors covered previous short positions ahead of the long weekend in the country, with markets being closed on Monday on account of Queens...

Euro area consumption growth accelerated in Q1, investment unlikely to accelerate

Jun 07, 2018 20:34 pm UTC| Commentary Economy

Euro areas first quarter GDP growths final reading fully aligned with the prior estimates of 0.4 percent sequentially, which represented a notable loss of momentum from the rate of 0.7 percent from the fourth quarter of...

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Economy

KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally

South Koreas KOSPI was heading for its strongest weekly performance since early June on Friday, fueled by a powerful rebound in technology and semiconductor stocks as optimism around artificial intelligence demand returned...

France Inflation Rises 2.4% in July as Consumer Prices Increase

Frances consumer prices increased in July 2026, with both monthly and annual inflation measures showing upward movement, according to final data released Friday by the French National Institute of Statistics and Economic...

China Automakers Accelerate Global Expansion as Domestic Car Sales Slump

Chinas automakers are rapidly expanding overseas as falling domestic car sales and excess manufacturing capacity push companies such as BYD, Geely and Chery to seek growth beyond the worlds largest auto market. Chinese car...

Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar

Asian currencies edged higher on Friday as the U.S. dollar weakened following softer-than-expected inflation data, which reduced expectations for a near-term Federal Reserve interest-rate hike. Gains across regional...

Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook

Asian stocks mostly advanced Friday, putting regional markets on course for their strongest weekly performance since mid-June as softer US inflation data eased concerns over another Federal Reserve interest rate hike. The...

Politics

Jared Kushner May Visit Israel for Gaza Talks Next Week

U.S. President Donald Trumps envoy and son-in-law, Jared Kushner, could travel to Israel next week for talks aimed at advancing the administrations Gaza peace plan, according to a source familiar with the matter. Axios...

Albanese Says AUKUS ‘Full Steam Ahead’ After Trump Call

Australian Prime Minister Anthony Albanese said the AUKUS defence pact remains full steam ahead following a lengthy phone call with U.S. President Donald Trump, as Canberra also pushes Washington for a complete exemption...

Trump Orders Major Overhaul of US Navy Shipbuilding

President Donald Trump has signed a National Security Presidential Memorandum directing sweeping changes to U.S. Navy shipbuilding and ship repair programs as part of an effort to rebuild the countrys maritime industrial...

Israel Warned US of Alleged Iran Plot to Assassinate Trump

Israel repeatedly warned the United States over the past year that Iran may have been planning to assassinate President Donald Trump, although U.S. intelligence agencies were unable to independently verify several of the...

Putin Visits Disputed Kuril Island, Sparking Strong Protest From Japan

Russian President Vladimir Putin visited the disputed island of Iturup on Thursday, triggering a sharp diplomatic protest from Japan amid longstanding tensions over the Kuril Islands. Known as Iturup in Russia and Etorofu...

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 Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears

Apple Inc. (NASDAQ: AAPL) has reportedly developed a large language model specifically for China in collaboration with Alibaba (HK: 9988), signaling a significant shift in the iPhone makers artificial intelligence strategy...

Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan

Goldman Sachs is reportedly in discussions with potential investors to participate in Nvidias ambitious $500 billion AI infrastructure financing initiative, as institutional demand for artificial intelligence investments...

LG, Nvidia Expand AI Partnership With Humanoid Robots, AI Factories

LG Corp and Nvidia have signed a memorandum of understanding (MOU) to deepen their strategic partnership across robotics, AI factories and next-generation mobility, LG announced Friday. The agreement will combine LGs...

SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand

Shares of Semiconductor Manufacturing International Corp. (SMIC) surged on Friday after the Chinese semiconductor foundry delivered strong second-quarter earnings, supported by higher chip demand, improved pricing and...

Anthropic Eyes $6B Decart AI Acquisition Ahead of Mega IPO

Anthropic is reportedly in talks to acquire Nvidia-backed AI startup Decart AI as the Claude developer looks to expand its computing capabilities and address growing demand ahead of a potential public listing. Bloomberg...
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