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Mon, Aug 17, 2026 10:09 PM All times are UTC

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USD/KRW likely to trade around 1200 by end-2017, says Scotiabank

May 11, 2017 22:31 pm UTC| Commentary

The South Korean economy is one of the most open economies amongst its regional peers, and thus the South Korean won might continue to remain greatly volatile in the near term due to the shifts in global investor...

South Korean economy likely to expand 2.8 pct in 2017, BoK to remain on hold until Q2 2018 - Scotiabank

May 11, 2017 22:20 pm UTC| Commentary

The South Korean economy is indicating resilience to political and geopolitical turmoil. In the first quarter, the real GDP expanded 2.7 percent after a 2.4 percent growth in the fourth quarter of 2016. The nations output...

USD/ZAR likely to trade around 14.20 by end-2017, says Lloyds Bank

May 11, 2017 20:01 pm UTC| Commentary

The South African rand has been the most volatile emerging market currency pair in the last month as political risk continues to be high in South Africa. The USD/ZAR currency pair has moved between a wide range of 13.30...

Canadian new housing price index rises sequentially in March

May 11, 2017 19:53 pm UTC| Commentary

Canadas new housing price index rose sequentially in March, led by higher new house prices in Toronto and Vancouver. New house prices rose 0.2 percent sequentially in March and 3.3 percent on a year-on-year basis. On a...

Swedish inflation accelerates above central bank’s forecast in April

May 11, 2017 19:19 pm UTC| Commentary

Swedish inflation came in above the central banks projection for the month of April. The CPIF-inflation came in at 2 percent year-on-year, 0.2 percentage point above the central banks forecast. But there is no reason to...

Norway revises government budget, structural budget deficit estimated to be NOK 221 billion

May 11, 2017 18:35 pm UTC| Commentary Economy

As widely expected, Norway revised government budget. The revised government budget is expansionary and a bit more than assumed in the budget from last autumn, noted Nordea Bank in a research report. However, this is right...

German economy likely grew 0.7 pct sequentially in Q1, GDP to expand 2 pct this year

May 11, 2017 18:00 pm UTC| Commentary

The German economic growth data for the first quarter of 2017 is set to come out tomorrow. The GDP is expected to have expanded 0.7 percent sequentially in the March quarter, according to a Nordea Bank research report....

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Economy

Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks

Canada is bracing for a new wave of 50% U.S. tariffs this week, raising concerns over job losses, weaker investment and fresh uncertainty surrounding the U.S.-Mexico-Canada Agreement (USMCA). U.S. President Donald Trump...

Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus

Wall Street closed lower Monday as investors stepped back following a record-setting week, while rising oil prices and persistent Middle East tensions weighed on market sentiment. The SP 500 fell 0.5% to 7,748.14, the...

Citadel Warns High Treasury Yields Pose Broader Market Risks

The Federal Reserves monetary policy strategy following the recent inflation surge is helping keep long-term US Treasury yields near multiyear highs, potentially creating wider risks across financial markets, according to...

Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz

Oil prices extended their gains Monday as escalating U.S.-Iran tensions over the Strait of Hormuz fueled concerns about global energy supplies and shipping disruptions. Brent crude futures for October delivery rose 2.5% to...

Dollar Slides as Soft U.S. Data Cuts Fed Rate Hike Bets

The U.S. dollar weakened against the euro and Swiss franc on Monday as softer economic data prompted traders to scale back expectations for another Federal Reserve interest rate hike. Concerns over U.S. economic growth...

Politics

Trump Says Kim Jong Un Responded to Outreach After US Scales Back South Korea Military Drills

U.S. President Donald Trump said Monday that North Korean leader Kim Jong Un has responded to his recent outreach, signaling renewed communication between the two leaders as Washington moves to reduce joint military...

Trump Says Iran Should Surrender as Nuclear Deal Talks Stall

U.S. President Donald Trump said Monday that Iran is unlikely to accept the agreement he considers necessary to end the war with the United States, insisting Tehran must surrender and abandon any path toward developing a...

Gérald Darmanin Backs Édouard Philippe for 2027 French Presidential Election

French Justice Minister Gérald Darmanin has thrown his support behind former Prime Minister Édouard Philippe for Frances 2027 presidential election, ruling out a potential bid of his own as the countrys...

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...

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

Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate

Anthropics annual revenue run rate surpassed $65 billion by the end of July, highlighting the artificial intelligence startups rapid expansion as it prepares for a potential initial public offering later this year. The...

Google to Buy Spirit Airlines Business Data for $10 Million to Train AI

Google, a subsidiary of Alphabet, has agreed to acquire internal business data from bankrupt Spirit Airlines for $10 million, with plans to use the information for product development and artificial intelligence training....

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,...