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German economy likely to expand 2.5 pct in 2018 - Commerzbank

Jan 11, 2018 13:42 pm UTC| Commentary

The German Federal Statistical Office had indicated that the German economy expanded by a good 0.5 percent in the fourth quarter on a sequential basis. Thus, the starting point for 2018 continues to be quite robust, noted...

Currency snapshot (major pairs)

Jan 11, 2018 13:41 pm UTC| Commentary

Dollar index trading at 92.10 (-0.27%) Strength meter (today so far) Euro +0.60%, Franc +0.13%, Yen -0.01%, GBP -0.06% Strength meter (since last week) Euro +0.04%, Franc -0.32%, Yen +1.44%, GBP -0.44% EUR/USD...

FxWirePro: Key charts explaining crude oil inventories and production report of EIA

Jan 11, 2018 13:28 pm UTC| Commentary

Here are some key charts based on data from United States Energy Information Agency (EIA) that explains the level of inventories, refinery demand, and production. Chart 1 shows crude oil production in the United...

PBoC likely to inject liquidity to banking system, to hike money market rates again in 2018 - Scotiabank

Jan 11, 2018 12:58 pm UTC| Commentary

The Peoples Bank of China stated that it conducted CNY 60 billion of seven-day reverse repos and another CNY 60 billion of 14-day reverse repo on Wednesday after skipping its daily open market operations for 12 consecutive...

Global Geopolitical Series: Russia to stand by Iran on nuclear agreement

Jan 11, 2018 12:57 pm UTC| Commentary

As the deadline to save the Joint Comprehensive Plan of Action (JCPOA), better known as Iran nuclear agreement looms ahead, Russia has announced that it is going to stand by Iran and stand up for the viability of Irans...

Global Geopolitical Series: SAFE counters Bloomberg report on China’s trimming of U.S. treasuries as ‘fake’

Jan 11, 2018 12:29 pm UTC| Commentary Economy Central Banks

Yesterday, a report from Bloomberg that suggested that Chinese government officials, who are reviewing the countrys vast forex reserves of more than $3 trillion have made a comment suggesting that China might reevaluate...

U.S. Treasuries climb ahead of 30-year auction, FOMC member Dudley’s speech

Jan 11, 2018 11:28 am UTC| Commentary Economy

The U.S. Treasuries climbed Thursday ahead of the 30-year auction, scheduled to be held today at 18:00GMT. Also, investors are eyeing the release of initial jobless claims and the producer price index inflation, today at...

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Economy

India–US Trade Deal: Digital Tax Removal and $500 Billion Purchase Commitment Signal Major Policy Shift

India has agreed to remove its digital services tax and committed to purchasing more than $500 billion worth of American goods under a recent trade agreement with the United States, according to a White House fact sheet...

Asian Currencies Edge Higher as Dollar Retreats Ahead of Key U.S. Data

Most Asian currencies strengthened on Tuesday, tracking an overnight pullback in the U.S. dollar as its recent rebound lost momentum ahead of a busy week of key American economic data. While regional foreign exchange...

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...

Politics

Trump Weighs Second U.S. Aircraft Carrier Deployment as Iran Talks Resume

U.S. President Donald Trump said on Tuesday that he is considering sending a second U.S. aircraft carrier to the Middle East, a move that comes as Washington and Tehran prepare to resume diplomatic talks aimed at...

White House Reaffirms Trump’s Support for Commerce Secretary Howard Lutnick Amid Epstein Links

The White House on Tuesday publicly reaffirmed President Donald Trumps support for Commerce Secretary Howard Lutnick following renewed media scrutiny over Lutnicks past connections to convicted sex offender Jeffrey...

Trump Administration Moves to Repeal EPA Climate Endangerment Finding

The administration of U.S. President Donald Trump is reportedly preparing to repeal a key Obama-era scientific determination that has long served as the legal foundation for federal regulation of greenhouse-gas emissions....

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...

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...

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...

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...
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