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Oil in Global Economy Series

Oil in Global Economy Series: Iraq poses biggest threat to oil deal extension

Apr 26, 2017 07:41 am UTC| Commentary

Can there be an extension to the oil production curb deal agreed in last November to reduce production by almost 1.8 million barrels per day, when the second-largest producer Iraq is considering further expansion of...

Global Geopolitics Series

Global Geo-political Series: China’s oil embargo on North Korea

Apr 26, 2017 07:14 am UTC| Commentary

Gasoline prices in North Korea are on the rise as its major trading partner China has taken a tough stance towards Pyongyang to force the regime there to come to the negotiating table. China has issued an oil embargo on...

New Zealand bonds close mixed amid global sell-off; investors await March trade balance

Apr 26, 2017 06:26 am UTC| Commentary Economy

The New Zealand bonds ended Wednesdays trading session on a mixed note amid global sell-off and as investors await the countrys March trade balance data, scheduled to be released on April 28. At the time of closing, the...

Australia Q1 annual inflation jumps to highest since September 2014, remains unchanged q/q

Apr 26, 2017 05:54 am UTC| Commentary Economy

Australias first-quarter annual inflation jumped to its highest since September 2014, although the q/q figures remain unchanged during the period. The Q1 CPI data provides confirmation that inflation has stabilised and is...

Global Reflation Series

Global Reflation Series: Australian inflation reaches RBA’s target range

Apr 26, 2017 05:32 am UTC| Commentary Economy Central Banks

The Reserve Bank of Australias (RBA) monetary policy has a duty to maintain price stability, full employment, economic prosperity and the welfare of the Australian people and to achieve these targets RBA maintain an...

Asian markets continue to trade higher, gold slightly up

Apr 26, 2017 05:10 am UTC| Commentary

All the major Asian indices were trading on a higher note on Wednesday. Gold was trading around $1,264 mark while silver was trading around $17.60 marks. Japans Nikkei was trading around 0.93 percent higher at 19,257...

Australian bonds decline tracking weakness in U.S. Treasuries, upbeat Q1 CPI

Apr 26, 2017 05:04 am UTC| Commentary Economy

The Australian government bonds declined Wednesday, tracking weakness in the U.S. counterparts and after reading the upbeat consumer price inflation (CPI) for the first quarter of this year. Although q/q CPI stood pat, the...

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Economy

BOJ Governor Ueda Meets PM Takaichi as Markets Eye Possible Rate Hike

Bank of Japan Governor Kazuo Ueda and Prime Minister Sanae Takaichi are set to hold their first bilateral meeting on Monday since the ruling partys landslide election victory, a discussion that could shape expectations for...

Yen Pulls Back After Rally as Fed Rate Cut Bets Support Dollar Stability

The Japanese yen began the week slightly weaker against the U.S. dollar after posting its strongest weekly gain in more than a year. The currency eased 0.2% to 153.07 per dollar in early Monday trading, following a nearly...

Japan Coalition Urges BOJ Independence as Sales Tax Cut Plan Advances

Japans ruling coalition is signaling a clear stance on monetary policy independence while advancing plans for fiscal stimulus to strengthen the economy. Hirofumi Yoshimura, leader of the Japan Innovation Party (Ishin) and...

Oil Prices Steady as Iran-U.S. Nuclear Talks and OPEC+ Output Plans Shape Market Outlook

Oil prices traded in a narrow range on Monday as investors closely monitored upcoming Iran-U.S. nuclear talks and weighed the potential impact on global crude supply. Concerns that escalating tensions between Washington...

Gold Prices Steady Above $5,000 as Markets Eye Fed Minutes and PCE Inflation Data

Gold prices traded within a narrow range during Asian trading hours on Monday, as market holidays in the United States, China, and several other Asian economies kept overall trading volumes subdued. Investors are now...

Politics

Anthropic’s Claude AI Reportedly Used in U.S. Operation to Capture Nicolas Maduro

Anthropics artificial intelligence model, Claude, was reportedly used in a U.S. military operation that led to the capture of former Venezuelan President Nicolas Maduro, according to a Wall Street Journal report citing...

Europe Rethinks NATO as U.S. Policy Shifts Shake Transatlantic Alliance

European leaders signaled a turning point in transatlantic relations at the Munich Security Conference, as European Commission President Ursula von der Leyen warned that some lines have been crossed that cannot be...

North Korea’s Ninth Party Congress to Spotlight New Weapons Goals and Military Modernization

North Korea is preparing to unveil fresh weapons development objectives at its Ninth Party Congress, as analysts assess that Pyongyang has only partially achieved the ambitious military targets outlined by leader Kim Jong...

Anduril Industries Seeks $8 Billion Funding at $60 Billion Valuation

U.S. defense tech startup Anduril Industries is reportedly in discussions to raise up to $8 billion in a new funding round that could value the company at no less than $60 billion, according to Bloomberg News, citing...

Democrats Pledge Major Spending on Virginia Redistricting Ahead of Midterm Elections

House Minority Leader Hakeem Jeffries said Democrats are prepared to spend tens of millions of dollars to support a Virginia redistricting initiative that could potentially secure four additional U.S. House seats for the...

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

OpenAI Hires OpenClaw Creator Peter Steinberger to Advance Next-Generation AI Agents

OpenAI has hired Peter Steinberger, the creator of the open-source artificial intelligence agent OpenClaw, according to CEO Sam Altmans announcement on social media Sunday. The move follows OpenClaws recent surge in...

Vietnam Approves SpaceX Starlink Satellite Internet Service Amid U.S. Trade Talks

Vietnam has officially granted SpaceX permission to deploy its Starlink satellite internet service in the country, marking a significant step in expanding high-speed connectivity across Southeast Asia. According to state...

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...

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...