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Oil in Global Economy Series

Oil in Global Economy Series: OPEC defector Ecuador to increase ceiling by 20,000 barrels per day

Aug 18, 2017 07:47 am UTC| Commentary

Last month Ecuador became the first country to move out of the OPEC agreement that was reached in November last year and was extended at a May OPEC/N-OPEC meeting until March next year with an aim to bring down the...

Oil in Global Economy Series

Oil in Global Economy Series: Saudi exports drop to 33-month low in June

Aug 18, 2017 07:22 am UTC| Commentary

According to data compiled by JODI, the crude oil exports of Saudi Arabia, which is the de-facto leader of OPEC and the biggest producer in the cartel has declined to the lowest level in 33 months in June. In June, Saudi...

US under Trump Series

US under Trump Series: Missouri Democratic senator hopes ‘Trump is assassinated’

Aug 18, 2017 05:40 am UTC| Commentary

It will not be an understatement to say that American politics have gone crazier than ever after the election of Donald Trump and the humiliating defeat of the Democratic Party, as well as the mainstream media houses, who...

Asian markets in red, gold slightly up

Aug 18, 2017 05:09 am UTC| Commentary

All the major Asian indices were trading on a lower note on last trading day of the week. Gold was trading around $1,287 mark while silver was trading around $16.96 mark. Japans Nikkei was trading 1.31 pct lower at...

FxWirePro: The Day Ahead- 18th August 2017

Aug 18, 2017 04:04 am UTC| Commentary

Not many economic data and events scheduled for today and all with low to medium volatility risks associated. Data released so far: China: House price index up 9.7 percent in July. Upcoming: Germany:...

USD/MXN likely to trade around 18.10 by end-2017, says Lloyds Bank

Aug 17, 2017 22:58 pm UTC| Commentary

The USD/MXN pair dropped below 18 for the first time since last August, noted Lloyds Bank in a research report. Yet there are indications that the currency pair is prepared to settle within its recent trading range of...

AUD/USD likely to pullback moderately in short term, pair to trade around 0.80 by end-2017 – Lloyds Bank

Aug 17, 2017 22:42 pm UTC| Commentary

The Australian dollar has gained positive momentum in the past month, briefly trading above 0.80, its highest level since May 2015, noted Lloyds Bank in a research report. The solid performance of global equity markets,...

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Economy

Asian Currencies Slip as Dollar Stabilizes Ahead of U.S. CPI Data

Asian currencies edged lower on Friday as the U.S. dollar steadied, with traders closely monitoring upcoming U.S. consumer price index (CPI) data for signals on the Federal Reserves interest rate outlook. Despite the daily...

Oil Prices Steady but Head for Weekly Loss as Supply Glut Concerns Weigh

Oil prices were mostly steady during Asian trading on Friday, yet both benchmark crude contracts remained on track for weekly losses after a sharp selloff in the previous session. Brent crude futures for April delivery...

Fed Governor Stephen Miran Warns Tight Monetary Policy Threatens U.S. Economic Growth

Federal Reserve Governor Stephen Miran cautioned that the central banks current monetary policy stance could pose a significant risk to U.S. economic growth. Speaking at a Dallas Fed event on Thursday, Miran argued that...

Japan, U.S. Speed Up Talks on $550 Billion Investment Deal Amid Tariff Pressure

Japan and the United States have agreed to accelerate negotiations on the first round of projects under Tokyos $550 billion investment package, as both sides work to resolve outstanding issues. Japanese Trade Minister...

Yen Surges After Takaichi Election Win as Markets Eye U.S. Inflation Data

The Japanese yen is on track for its strongest weekly performance in nearly 15 months after Prime Minister Sanae Takaichis historic election victory eased investor concerns about Japans fiscal stability. The currency has...

Politics

Starmer Proposes Joint Defense Procurement Plan to Cut UK and NATO Rearmament Costs

British Prime Minister Keir Starmer is set to unveil a new joint defense procurement initiative aimed at reducing rearmament costs through coordinated weapons purchasing among Western allies. According to a Financial Times...

Munich Security Conference 2026: Transatlantic Tensions, Ukraine War and Europe’s Strategic Shift

One year after U.S. Vice President JD Vance sharply criticized European allies at the Munich Security Conference, transatlantic relations remain under intense strain. As global leaders gather again in Munich, Washingtons...

US Lawmakers Urge Taiwan to Boost Defence Spending Amid Rising China Threat

A bipartisan group of 37 U.S. lawmakers has urged senior Taiwanese political leaders to move forward with a stalled defence spending proposal, warning that the threat from China is intensifying. In a letter addressed to...

Federal Judge Blocks Trump Administration’s $600 Million Public Health Funding Cuts to Democratic-Led States

A federal judge in Chicago has temporarily blocked the Trump administration from moving forward with $600 million in proposed public health funding cuts affecting four Democratic-led states. The ruling marks the latest...

U.S.–Taiwan Trade Agreement Sets 15% Tariff, Boosts Energy and Semiconductor Investment

The United States and Taiwan have finalized a reciprocal trade agreement that sets a 15% U.S. tariff rate on imports from Taiwan while paving the way for lower Taiwanese tariffs on nearly all American goods. The deal,...

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

GE Aerospace Expands Singapore Engine Repair Hub with Automation and AI to Tackle Aviation Bottlenecks

GE Aerospace is accelerating automation and AI-driven innovation at its Singapore engine repair hub as global airlines grapple with maintenance delays, parts shortages, and extended turnaround times. At the center of this...

U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports

The U.S. Department of Commerce has announced a $252 million settlement with Applied Materials, resolving allegations that the semiconductor equipment maker illegally exported U.S. chip manufacturing technology to China....

Russia Moves to Fully Block WhatsApp as Kremlin Pushes State-Backed MAX App

Russia has reportedly attempted to fully block WhatsApp, the popular messaging service owned by Meta Platforms, as part of its broader efforts to tighten control over the countrys digital space. According to a company...

Instagram CEO Defends Platform in Youth Mental Health Lawsuit Over Social Media Addiction Claims

Adam Mosseri, head of Meta Platforms Instagram, defended the companys product decisions during a high-profile trial in Los Angeles centered on allegations that social media addiction has contributed to a youth mental...

FTC Questions Apple News Over Alleged Bias Against Conservative Media

The U.S. Federal Trade Commission (FTC) has raised concerns about Apple News following allegations that the platform favors left-leaning media outlets while excluding conservative publications. In a letter addressed to...