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Mon, Aug 17, 2026 11:32 PM All times are UTC

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U.K. construction growth rebounds in April on civil engineering projects, PMI rises to 53.1

May 03, 2017 22:49 pm UTC| Commentary

Construction firms in the U.K. posted a strong beginning to the second quarter of this year, aided by swift rises in civil engineering and residential building activity. Data for April also indicated towards the most solid...

South Korean economy likely to expand 2.5 pct in 2017, BoK to keep interest rate at 1.25 pct

May 03, 2017 22:28 pm UTC| Commentary

On 9 May, the polls will be open to vote for a new South Korean president, following the impeachment and removal of former President Park Guen-hye earlier in 2017. According to opinion polls, overwhelming support is seen...

Chinese economic growth likely to decline in 2017, to lose support from housing sector and monetary policy

May 03, 2017 21:17 pm UTC| Commentary

The Chinese economic growth is likely to decline in 2017 as it loses support from the housing sector and ultra-easy monetary policy, noted Nordea Bank in a research report. However, no sharp deceleration is expected due to...

Euro area economy likely to expand strongly in 2017, private consumption to mainly drive economic growth

May 03, 2017 20:26 pm UTC| Commentary

The euro area economy expanded 0.5 percent sequentially in the first quarter, the same pace as in the fourth quarter of 2016. This was consistent with expectations but slightly below suggested by survey indicators. Capital...

Near-term economic growth prospects of Australia seem favourable, likely to grow 2.5 pct in 2017-18

May 03, 2017 19:40 pm UTC| Commentary

The near-term economic growth prospects of Australia seem favourable, but the activity is partly underpinned by temporary factors in the external sector, stated Scotiabank in a research report. The boom of mining has...

FOMC keeps target range for federal funds rate on hold, likely to be in wait-and-see mode in weeks ahead

May 03, 2017 18:57 pm UTC| Commentary Central Banks

As was widely anticipated, the Federal Open Market Committee kept the target range for the federal funds rate on hold at between 3/4 and 1 percent today. The FOMC was positive, suggesting that the labor market continued to...

U.S. business activity growth expands at subdued pace in April, Markit Services PMI rises to 53.1

May 03, 2017 18:15 pm UTC| Commentary

Business activity growth in the U.S. continues to expand at historically subdued rate in April. Business activity growth was sustained, but at a relatively modest rate, consistent with limited gains in new orders. With...

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Economy

US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices

U.S. Energy Secretary Chris Wright said Washington is preparing measures to help refiners increase fuel production as the Trump administration looks for ways to bring down gasoline prices following the U.S.-Israeli war on...

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...

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

BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside

Bank of America expects Micron Technology (NASDAQ: MU) to deliver more than $230 in earnings per share by fiscal 2030, significantly above Wall Streets current peak estimates, as artificial intelligence demand reshapes the...

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...