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Oil in Global Economy Series

Oil in Global Economy Series: US oil exports would top most OPEC members by 2020

Jul 11, 2017 10:19 am UTC| Commentary

PIRA Energy, which is a part of SP Global Platts and is widely followed by energy executives and hedge funds forecast that the oil exports from the United States would increase in such a fashion that it would topple...

US under Trump Series

US under Trump Series: Donald Trump Jr. may be called to testify before Senate over his meeting with Russian lawyer

Jul 11, 2017 09:51 am UTC| Commentary Politics

President Trump eldest son Donald Trump Jr. might be called upon by the Senate Intelligence Committee to question about a meeting that took place in June 2016 at the Trump Tower between Trump Jr., President Trumps...

European Migrant Crisis: European population soars to 512 million on migrant influx

Jul 11, 2017 09:18 am UTC| Commentary

According to a report from Eurostat, the statistical body of the European Union, as of January 1st, the population in the European Union rose to 511.8 million compared to 510.3 million a year ago. The number of births and...

Indian Supreme Court halts government ban on cow slaughter

Jul 11, 2017 08:55 am UTC| Commentary

The Supreme Court of India has ruled against the cow slaughter ban initiated by the Government of India, which is ruled by Hindu Nationalist Bhartiya Janata Party (BJP). The ban was initiated in May this year and since...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: John Williams remains policy hawk

Jul 11, 2017 07:58 am UTC| Commentary Central Banks

The recent weakness in the job numbers and inflation report has so far failed to persuade the majority of the FOMC policymakers to shy away from the Feds current hawkish stance and the San Francisco Fed President John...

Briferendum Aftermath Series

Brexit Series: EU changes stance on Gibraltar

Jul 11, 2017 07:23 am UTC| Commentary

After the UK Prime Minister Theresa May sent the Brexit letter to the European Council in March, the EU triggered an outrage in the UK by suggesting that with Britain gone from the bloc, the EU would support Spains...

Oil in Global Economy Series

Oil in Global Economy Series: OPEC confirms no deeper cuts in discussion

Jul 11, 2017 06:58 am UTC| Commentary

OPEC members, which along with other participating 11 non-OPEC countries including Russia have reduced global oil supply by 1.76 million barrels per day beginning this year are not eyeing for deeper production cuts to...

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Economy

US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus

U.S. stock futures traded mixed Monday as investors reassessed the Federal Reserve interest rate outlook and prepared for major retail earnings, while developments involving Anthropic, Nvidia and the Strait of Hormuz also...

European Stocks Edge Higher as Fed Rate Pause Bets Rise

European equities moved modestly higher on Monday as falling government bond yields and a weaker U.S. dollar supported investor sentiment. Markets are increasingly betting that the Federal Reserve will keep interest rates...

US Dollar Slips as Soft Economic Data Eases Fed Rate Hike Expectations

The U.S. dollar weakened on Monday as softer economic indicators reduced expectations that the Federal Reserve will raise interest rates again in the near term, while the Japanese yen gained modestly despite disappointing...

Malaysia Inflation Eases to 1.8% in July, Below Forecast

Malaysias inflation rate moderated slightly in July, with consumer prices rising 1.8% from a year earlier, according to government data released on Monday. The latest increase in Malaysias Consumer Price Index (CPI) came...

BSP Sees Philippine Inflation Easing, Keeps Policy Options Open

The Bangko Sentral ng Pilipinas (BSP) expects inflation in the Philippines to gradually ease over the medium term, although risks to consumer prices remain tilted to the upside, central bank Governor Eli Remolona said on...

Politics

Russia-Ukraine Drone Attacks Escalate as Strikes Hit Moscow, Kyiv and Romania

Russia and Ukraine exchanged major missile and drone attacks overnight, leaving several people dead and damaging industrial and commercial facilities as the war continues to intensify. Russian forces struck ArcelorMittal...

US CENTCOM Chief Praises USS Abraham Lincoln Crew Amid Mental Health Concerns

U.S. Central Command chief Admiral Brad Cooper praised the crew of the USS Abraham Lincoln following a recent visit to the aircraft carrier, describing their performance and resilience as awe-inspiring amid growing...

Lula Targets Brazil’s Gig Workers as Reelection Battle Takes Shape

Brazilian President Luiz Inácio Lula da Silva launched his final reelection campaign on Sunday in Sao Bernardo do Campo, returning to the stadium where his rise as a labor leader began nearly five decades ago....

Trump Envoys Hold Gaza Peace Talks in Cairo as Israeli Strikes Continue

U.S. President Donald Trumps envoys held talks with Egyptian, Qatari and Turkish mediators in Cairo on Sunday as diplomatic efforts intensified to advance Washingtons Gaza peace plan while Israeli airstrikes continued...

Migrants in Spain’s Ceuta Protest for Asylum, Refuse Return to Morocco

Hundreds of migrants in Spains North African enclave of Ceuta gathered on a popular urban beach on Sunday, calling on Spanish authorities to grant them asylum rather than return them to Morocco. The protesters are among an...

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

Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push

Alphabet, the parent company of Google, is preparing for its first-ever Australian dollar bond issuance as the U.S. technology giant explores new funding sources amid rapidly rising artificial intelligence investment. The...

Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push

Alibaba Group is reportedly selling its gaming subsidiary Lingxi Games in a transaction that could value the Chinese video game studio at more than $1.5 billion, as the technology giant redirects resources toward...

Nvidia’s $500 Billion AI Infrastructure Push Wins Morgan Stanley Support

Nvidia is doubling down on the artificial intelligence infrastructure boom with a plan to help mobilize as much as $500 billion in third-party capital, drawing participation from major financial firms including Apollo,...

Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says

Alphabet is increasingly shifting its artificial intelligence strategy toward commercialization, scale and long-term revenue growth, according to Goldman Sachs analysts. The investment bank said recent management changes,...

Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center

Nvidia is reportedly in discussions to invest up to $3 billion in SB Energy, a SoftBank Group-backed company developing a major AI data center campus in Ohio for OpenAI. According to a report by The Information, the...
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