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Global Geopolitical Series: Gaza violence subsides as Egypt brokers cease-fire

May 31, 2018 12:36 pm UTC| Commentary

There were no reports of further fighting after Palestinian and Israeli attacks in the early hours of Wednesday, and both sides appeared to back away from a slide toward a new war after weeks of violence along the Gaza...

Global geopolitical Series: Iran plans to bring international lawsuit against U.S. over ISIS attacks

May 31, 2018 12:24 pm UTC| Commentary

Iran is planning to sue the United States in the International arena over the recent terrorist attacks by ISIS militants citing indirect involvement of the United States. Iran is planning to use the comments from the U.S....

Global Geo-political Series: U.S. Commerce department imposes affirmative final AD on Citric Acid and Certain Citrate Salts from Belgium, Colombia and Thailand

May 31, 2018 12:07 pm UTC| Commentary Economy

U.S. commerce department decided to impose Anti-dumping duties (CVD) on imports of Citric Acid and Certain Citrate Salts from Belgium, Colombia, and Thailand accusing the countries of subsidizing those products. In a...

Global Geopolitical Series: U.S. Commerce Department announces preliminary CVD on plastic ribbons from China

May 31, 2018 11:52 am UTC| Commentary Economy

The U.S. Commerce Department announced the result of an investigation that began back in January this year into imports of certain decorative plastic ribbon from China and it has found that exporters from China receive...

U.S. Treasuries plunge ahead of initial jobless claims, FOMC members’ speeches; Italy cools down on political chaos

May 31, 2018 10:57 am UTC| Commentary Economy

The U.S. Treasuries plunged Thursday, after a streak of gains, as investors wait to watch the countrys initial jobless claims, scheduled to be released today by 12:30GMT. Also, Federal Open Market Committee (FOMC) members...

German bunds slump after Eurozone’s May consumer price inflation beats market expectations

May 31, 2018 09:51 am UTC| Commentary Economy

The German bunds slumped during European session Thursday after Eurozones consumer price inflation (CPI) for the month of May beat market expectations, besides, the cooling down of Italys political situation. The German...

Australia private sector credit growth slows in April, likely to slow further due to big drop in investor finance commitments

May 31, 2018 08:48 am UTC| Commentary Economy

Australian private sector credit growth slowed a touch in April to 0.4 percent m/m. Monthly growth in all categories eased from the prior month, with the exception of owner-occupied housing which remained at 0.6 percent...

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Economy

European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious

European stocks were largely flat on Friday and remained on track for a modest weekly decline as investors monitored the U.S.-Iran war, rising oil prices and upcoming euro zone economic data. The STOXX 600 edged 0.05%...

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...

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...