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French army chief resigns after blistering spat with Macron

Jul 19, 2017 09:48 am UTC| Commentary

Frances most senior military chief has resigned after his blistering spat with the newly elected French president Emmanuel Macron over the army chiefs suggestions that he cant guarantee the protection of France if...

USD/ZAR to weaken towards 14.00 by end of this year, says Commerzbank

Jul 19, 2017 09:04 am UTC| Commentary Economy

One day ahead of the SARBs rate decision, inflation figures for June will be released today. Both the headline and the core rate are expected to decline slightly. In April the headline rate returned to the central banks...

Oil in Global Economy Series

Oil in Global Economy Series: Cracks emerge within OPEC as Ecuador shies away from production deal

Jul 19, 2017 08:45 am UTC| Commentary

This months oil market report from the OPEC has not only shown that the production in June increased by 393,000 barrels per day after an increase of 336,000 barrels in May, it showed that for the first time since the...

Oil in Global Economy Series

Oil in Global Economy Series: Kuwait says oil market to balance by end of OPEC deal without deeper cuts

Jul 19, 2017 07:45 am UTC| Commentary

While the oil market is taking a much longer time to balance this time around, despite a production cut in the tune of 1.76 million barrels per day, Kuwaiti oil minister Essam al-Marzouq remains confident that the market...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: Reuters’ poll shows expectations for balance sheet unwind in September and a hike in fourth quarter

Jul 19, 2017 07:17 am UTC| Commentary Central Banks

An array of economists polled by Reuters expects the U.S. Federal Reserve to hike interest rates sometime in the fourth quarter and announce the beginning of balance sheet trimming at the September meeting. The...

Fed Hike Aftermath Series

Fed Hike aftermath Series: Hike odds declining fast

Jul 19, 2017 06:23 am UTC| Commentary Central Banks

Despite hawkish rhetoric from FOMC policy makers, the hike odds are declining fast across the meeting as the economic numbers continue to disappoint to the downside. In addition to that, some policymakers have expressed...

JGBs slide as investors remain cautious ahead of BoJ’s monetary policy meeting

Jul 19, 2017 06:21 am UTC| Commentary Economy

The Japanese government bonds slid Wednesday as investors remained cautious ahead of the Bank of Japans (BoJ) two-day monetary policy decision, scheduled to be unveiled on July 20. The benchmark 10-year bond yield,...

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Economy

U.S. Inflation Cools in January as Gas Prices Fall, Core CPI Signals Sticky Price Pressures

U.S. consumer prices rose less than expected in January, offering modest relief to households as gasoline and rental costs eased. However, persistent increases in service-related expenses suggest the Federal Reserve may...

U.S. Stocks End Mixed as January CPI Cools, Treasury Yields Slide

U.S. stocks closed mixed on Friday after a volatile trading session, as investors reacted to softer-than-expected January CPI data and falling Treasury yields. The SP 500 finished flat at 6,835.08, while the Dow Jones...

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...

Politics

Anduril Eyes $60 Billion Valuation in New Funding Round to Expand Defense Manufacturing and Autonomous Fighter Jet Development

U.S. defense technology firm Anduril Industries is reportedly in discussions to raise billions of dollars in fresh funding at a valuation of at least $60 billion, according to a recent report by The Information citing...

Trump Maritime Action Plan Targets U.S. Shipbuilding Revival and Port Fee Funding

The Trump administration has unveiled a sweeping Maritime Action Plan aimed at rebuilding U.S. shipbuilding and strengthening the nations broader maritime industry. The more than 30-page strategy outlines a long-term...

Peru Congress Schedules Debate on Motion to Remove President Jose Jeri Amid Scandal

Perus Congress has scheduled a key debate for Tuesday on a motion to remove President Jose Jeri, intensifying political uncertainty in the country. Congressional leader Fernando Rospigliosi announced the decision on social...

Starmer Calls for Stronger European Defence Cooperation to Reinforce NATO and Reduce U.S. Reliance

British Prime Minister Keir Starmer is set to call for closer European defence cooperation to reduce NATOs reliance on the United States, emphasizing greater integration across Europes defence industry. Speaking at the...

U.S.-Iran and Russia-Ukraine Talks Set for High-Stakes Geneva Meeting

Two critical rounds of diplomatic negotiations focusing on Iran and the Russia-Ukraine war are scheduled to take place in Geneva on Tuesday, according to a source familiar with the matter. The high-level meetings signal...

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

Grok AI Market Share Surges as xAI Faces Scrutiny Over Image Generation Controversy

Elon Musks AI chatbot Grok is rapidly gaining traction in the U.S., even as it faces mounting global criticism over the generation of non-consensual and sexualized AI images. According to data from app intelligence firm...

Lockheed Martin Secures $101M in U.S. Defense Contracts for AEGIS, F-35, and Missile Systems

Lockheed Martin has been awarded three U.S. Department of Defense contracts worth approximately $101 million, reinforcing its role as a leading defense contractor in advanced military systems, fighter jet support, and...

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...