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Thu, May 07, 2026 02:37 AM All times are UTC

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South Korean bonds close higher amid ongoing political crisis; President announces new PM, FM

Nov 02, 2016 06:44 am UTC| Commentary

The South Korean government bonds closed higher Wednesday after President Park Geun-hye announced a new Prime Minister and Finance Minister to tackle political scandal. The 10-year bonds yield, which moves inversely to...

New Zealand unemployment rate falls below 5 pct for first time since 2008, growth in wages remains muted

Nov 02, 2016 06:31 am UTC| Commentary Economy

The unemployment rate in New Zealand fell below 5 percent for the first time since the financial crisis in 2008, although that failed to hike wages at a faster rate. The jobless rate in New Zealand came in at 4.9...

Singapore manufacturing PMI likely to stay above 50-point threshold mark in October

Nov 02, 2016 06:01 am UTC| Commentary Economy

Manufacturing and electronics sector in Singapore are expected to have stayed in the expansion zone during the month of October, with the Purchasing Managers Index (PMI) holding above the 50-point threshold mark that...

New Zealand 10-year bond yields hit highest in 6 months on rise in employment, GDT price index

Nov 02, 2016 05:47 am UTC| Commentary

The New Zealand 10-year bond yields hit highest in six months on Wednesday after recent data showed that the countrys unemployment rate fell to lowest in nearly eight years. Also, jump in Global Dairy Trade (GDT) price...

U.S. manufacturing PMI rebounds from 3-month low in October, business conditions to improve further

Nov 02, 2016 05:25 am UTC| Commentary Economy

Manufacturing activity in the United States rebounded from a 3-month low during the period of October and manufacturers see a likely improvement in the countrys business conditions in the near future, turned higher by...

Canada GDP rises for third straight month in August; BoC expects 1.1 pct growth this year

Nov 02, 2016 05:11 am UTC| Commentary Economy

Economic growth in Canada rose for the third straight month during the period of August, remaining in line with what markets had initially anticipated and buoyed by a resilient mining, quarrying and oil-and-gas...

FxWirePro: The Day Ahead- 2nd November, 2016

Nov 02, 2016 04:48 am UTC| Commentary

Lots of data and events today and some with high risks associated. Data released so far: Australia: Building permits declined by 8.7 percent in September, down 6.4 percent from a year ago. New Zealand:...

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Economy

Yen Surges After Suspected Japan Currency Intervention

The Japanese yen strengthened sharply on Wednesday, hitting its highest level in more than two months after reports suggested that Japanese authorities recently intervened in the foreign exchange market to support the...

Italy Services PMI Nears Stabilization as Middle East Tensions Push Costs Higher

Italys service sector faced mounting cost pressures in April 2026, with businesses reporting the sharpest rise in input prices in more than three years amid ongoing instability in the Middle East. According to the latest...

European Stocks Rally as Trump Halts Hormuz Operation, Oil Prices Slide

European stock markets opened sharply higher on Wednesday after U.S. President Donald Trump paused a military-backed effort to reopen the Strait of Hormuz, boosting investor confidence and raising hopes for a potential...

Fitch Upgrades Argentina to B- as Milei Reforms Strengthen Economy

Fitch Ratings has upgraded Argentinas Long-Term Foreign Currency and Local Currency Issuer Default Rating to B- from CCC+ with a Stable outlook, signaling growing confidence in the countrys economic recovery under...

Asian Currencies Rise as Middle East Tensions Ease, South Korean Won Surges After Inflation Data

Asian currencies mostly strengthened on Wednesday as easing geopolitical tensions in the Middle East boosted investor confidence and weakened the U.S. dollar. Market sentiment improved after U.S. President Donald Trump...

Politics

Ukraine Accuses Russia of Violating Ceasefire Amid Fresh Drone and Missile Attacks

Ukraine has accused Russia of breaking a newly proposed ceasefire just hours after it came into effect at midnight on Wednesday, intensifying tensions in the ongoing Russia-Ukraine war. Ukrainian officials reported that...

US Military Strike in Eastern Pacific Sparks Debate Over ‘Narco-Terrorist’ Operations

The U.S. military confirmed on Tuesday that it carried out another deadly strike in the Eastern Pacific, targeting a vessel allegedly linked to drug trafficking operations. According to U.S. Southern Command, the operation...

Guatemala President Bernardo Arevalo Appoints Gabriel Garcia Luna as New Attorney General

Guatemalan President Bernardo Arevalo has appointed former judge and university professor Gabriel Estuardo Garcia Luna as the countrys new attorney general, marking a significant political shift in Guatemalas justice...

Rubio Signals Possible U.S. Action on Cuba, Calls Current Situation “Unacceptable”

U.S. Secretary of State Marco Rubio said Tuesday that the current situation in Cuba is unacceptable, signaling that the United States intends to address ongoing concerns involving the island nation in the future. Speaking...

Lula and Trump to Discuss Brazil-U.S. Anti-Crime Partnership During Washington Meeting

Brazilian President Luiz Inacio Lula da Silva is expected to prioritize security cooperation and organized crime prevention during his upcoming meeting with U.S. President Donald Trump in Washington this week. According to...

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

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...

AMD Q1 Earnings Surge on AI Demand, Stock Jumps After Strong Guidance

AMD delivered stronger-than-expected first-quarter 2026 earnings, fueled by booming demand for artificial intelligence infrastructure and data center chips. The semiconductor giant reported adjusted earnings of $1.37 per...

Agentic AI Boom to Drive Massive Growth in CPU Market, UBS Says

The rapid rise of agentic AI is reshaping the future of data center infrastructure, creating major growth opportunities for CPU manufacturers such as Arm Holdings, AMD, and Intel. According to UBS analyst Timothy Arcuri,...