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U.S. Treasuries suffer ahead of initial jobless claims amid muted trading session

Jun 07, 2018 11:15 am UTC| Commentary Economy

The U.S. Treasuries lost ground Thursday, as investors wait to watch the countrys initial jobless claims, scheduled to be released today by 12:30GMT. The yield on the benchmark 10-year Treasuries jumped 2 basis points...

FxWirePro: Brent likely to slide towards $69 per barrel if Saudi Arabia follows through promise of production increase

Jun 07, 2018 10:37 am UTC| Commentary

After reaching an $80.5 per barrel, global oil benchmark Brent has declined to $75.8 per barrel as of today. Saudi Arabia and Russias joint hint that production cap might be eased by a million barrel per day is weighing on...

German bunds slump after Italy’s political woes calm down on formation of new government

Jun 07, 2018 10:27 am UTC| Commentary Economy

The German bunds slumped during European session Thursday after Italys political woes calmed down, following the formation of a new government, which weighed on debt prices. The German 10-year bond yields, which move...

Global Geopolitical Series: PA tries to make ICC case against Israeli minister over kite/kite-bomb flying

Jun 07, 2018 10:10 am UTC| Commentary

The ministry of foreign affairs called on the International Criminal Court (ICC) to prosecute Israeli internal security minister Gilad Ardan for inciting against those flying kites in the Gaza strip. The Minister...

Digital Currency Revolution

Cryptocurrency hedge funds to entice universities’ investments

Jun 07, 2018 10:05 am UTC| Digital Currency Research & Analysis Insights & Views Commentary

The universities across the US are keen on investing their money into Cryptocurrency Avenue for their endowment funds (especially hedge funds). Likewise, their students, one-third of whom are huge fans of cryptocurrencies...

Global Geopolitical Series: No full NATO membership for Qatar

Jun 07, 2018 09:38 am UTC| Commentary

As the geopolitical tensions rise in the region, Qatar, which is the United States one of the closest ally in the Middle East and home to largest U.S. military airbase in the region asked for full membership of the North...

Oil in Global Economy Series: Iran’s oil exports hit highest since nuclear agreement but that to change soon

Jun 07, 2018 09:04 am UTC| Commentary

Irans oil exports have hit the highest level since the country reached an agreement with six world powers (United States, United Kingdom, Germany, France, China, and Russia) in 2015 to abandon its ambition of nuclear...

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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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