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Fri, May 08, 2026 12:41 AM All times are UTC

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Asian markets in green, Nikkei up by more than 2 percent, gold steady at $1,160

Jan 04, 2017 04:01 am UTC| Commentary

All the major Asian indices were trading on a higher note on Wednesday. Gold was trading in narrow range and stabilizes around $1,160 mark while silver was trading around $16.35 marks. Tokyos Nikkei share average...

Chart of the Day Series

Chart of The Day: Against Yuan

Jan 03, 2017 18:12 pm UTC| Commentary

The Chinese yuan ended the past year with a depreciation of almost 7 percent against the dollar. And this chart from Bloomberg shows that the demand for the dollar remains high across the forward curve. Currently, the...

French CPI marginally higher than expected in Dec, driven by higher energy prices

Jan 03, 2017 16:38 pm UTC| Commentary

Report released by French National Institute for Statistics and Economic Studies on Tuesday showed that French Consumer Price Inflation (CPI) in December rose to a seasonally adjusted 0.3 percent from 0.0 percent in the...

UK manufacturing smashes expectations, PMI rises to 30-month high in Dec

Jan 03, 2017 16:04 pm UTC| Commentary

UK manufacturing sector ended 2016 on a positive note. The seasonally adjusted Markit/CIPS Purchasing Managers Index (PMI) rose to a 30-month high of 56.1 in December, up from 53.6 in November and well above its long-run...

Oil in Global Economy Series

Crude Oil Prices Soar as Kuwait Kick-Starts OPEC Production Cuts

Jan 03, 2017 15:35 pm UTC| Commentary

OPEC member Kuwait has cut output by 130,000 barrels a day to about 2.75 million a day, Al-Anba newspaper reported, citing Kuwait Oil Co. Chief Executive Officer Jamal Jaafer. The Organization of Petroleum Exporting...

German unemployment rate steady at record low, number of unemployed fall more than expected

Jan 03, 2017 15:13 pm UTC| Commentary

Germanys Federal Statistics Office data showed on Tuesday that unemployment rate in Europes biggest economy held steady in December at a seasonally adjusted 6.0 percent, in line with analysts expectations. The number of...

China Caxin PMI beats forecasts, rises at fastest pace since January 2013

Jan 03, 2017 14:48 pm UTC| Commentary

Chinas more closely watched Caixin manufacturing Purchasing Managers Index (PMI) beat expectations in December to rise at its fastest rate since January 2013. Caixin/Markit Manufacturing PMI survey which tends to focus...

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Economy

Trump Signals Possible U.S.-Iran Peace Deal as Markets Rally on Hopes of War Ending

U.S. President Donald Trump said a peace agreement between the United States and Iran could be reached soon, raising hopes of an end to the ongoing conflict that has shaken global energy markets and disrupted shipping in...

Japan Tech Stocks Surge as AI Optimism Lifts SoftBank, Chipmakers

Japanese technology and semiconductor stocks rallied sharply on Thursday, driven by growing global optimism surrounding artificial intelligence and strong momentum in the AI chip sector. The surge followed impressive...

European Stocks Edge Higher as Iran-U.S. Peace Talks Boost Market Sentiment

European stock markets traded mostly higher on Thursday as investors reacted positively to reports that the United States and Iran are preparing to restart negotiations aimed at ending their ongoing conflict. Optimism...

Iran-U.S. Peace Deal Near as Oil Prices Fall and Nuclear Disputes Persist

Iran said it is reviewing a new U.S. peace proposal aimed at ending the ongoing conflict between Washington and Tehran, while major disagreements over Irans nuclear program and the Strait of Hormuz remain unresolved. The...

Trump-Xi Meeting 2026: U.S.-China Trade Tensions Escalate Ahead of Beijing Summit

U.S. President Donald Trump is expected to meet Chinese President Xi Jinping in May 2026 during his first trip to China in eight years, as tensions between the worlds two largest economies continue to reshape global trade,...

Politics

US Senators Push for Stable US-China Relations Ahead of Trump-Xi Beijing Summit

A bipartisan delegation of United States senators visiting Beijing has emphasized the importance of maintaining stable and peaceful cooperation between the United States and China ahead of a high-profile summit between...

UK Local Elections 2026: Starmer Faces Pressure as Reform UK Surges

Millions of voters across Britain headed to the polls on Thursday in crucial local and regional elections that could significantly weaken Prime Minister Keir Starmers Labour Party and reshape the countrys political...

Israel Strikes Beirut Amid Fragile Hezbollah Ceasefire Tensions

Israel carried out an airstrike on Beirut on Wednesday, marking the first attack on the Lebanese capital since last months ceasefire agreement with Hezbollah. According to Israeli officials, the strike targeted a commander...

Trump-Xi Beijing Summit Sparks Taiwan Concerns Amid U.S.-China Tensions

Taiwan is closely monitoring next weeks meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing, amid concerns that China could attempt diplomatic manoeuvring over the Taiwan issue....

Rubio Meets Pope Leo Amid Trump-Vatican Tensions Over Iran War

U.S. Secretary of State Marco Rubio is set to meet Pope Leo at the Vatican on Thursday during a high-profile discussion expected to address growing tensions between the Trump administration and the Catholic Church over the...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

U.S.-China AI Talks May Take Center Stage at Trump-Xi Summit

The United States and China are reportedly exploring the possibility of launching formal discussions on artificial intelligence, according to a Wall Street Journal report published Wednesday. The talks could become a major...

Arm Stock Drops Despite Strong AI Chip Demand and Earnings Beat

Arm Holdings delivered stronger-than-expected quarterly earnings and revenue, driven by rising demand for artificial intelligence data center chips. However, despite the positive results, Arm stock reversed early gains in...

Hua Hong Semiconductor Stock Surges to Multi-Year High Amid AI Boom

Hua Hong Semiconductor shares soared on Wednesday as investors rushed into technology stocks fueled by strong artificial intelligence momentum and improving confidence in Chinas economy. The Hong Kong-listed chipmaker...

Infineon Raises 2026 Outlook as AI Data Center Chip Demand Surges

Infineon Technologies (ETR: IFXGn) raised its fiscal 2026 revenue growth forecast on Wednesday, citing booming demand for AI data center power chips despite continued weakness in the electric vehicle semiconductor market....

BHP Attracts AI-Focused Investors as Copper Demand Surges

BHP Group is drawing growing attention from international investors as the global artificial intelligence boom increases the value of copper, according to Chief Financial Officer Vandita Pant. Speaking at the Macquarie...