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Wed, May 06, 2026 09:57 AM All times are UTC

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Consumer prices in South Africa slide into the central bank’s target range; rate hike seems unlikely

Sep 21, 2016 11:16 am UTC| Commentary Economy Central Banks

Consumer prices in South Africa fell during the month of August, below the upper end of the central banks target band, for the first time in 2016, restricting a rate hike in the near-term. The rate of inflation fell to...

UK gilts modestly lower ahead of Fed policy decision; BoE quarterly bulletin also in focus

Sep 21, 2016 11:00 am UTC| Commentary

The UK gilts traded modestly lower Wednesday as investors await the Federal Reserve monetary policy decision and Fed Chair Yellens post-statement press conference, in an attempt to estimate the Feds most likely...

FxWirePro: Two new targets for our buy call in Natural gas

Sep 21, 2016 10:50 am UTC| Commentary

In a previous article, titled, FxWirePro: Buy natural gas at dips; target $4.3 per mmbtu, available at http://www.econotimes.com/, we suggesting buying natural gas as the demand outlook changes from globally due to...

U.S. existing home sales likely to have dropped further in August

Sep 21, 2016 10:48 am UTC| Commentary

U.S. existing home sales are expected to have declined further in August. In the previous month, existing home sales dropped 3.2 percent and are likely to have dropped by around 2.1 percent in August, said Societe Generale...

Global dairy prices rise in latest GDT auction, stays below market consensus

Sep 21, 2016 10:31 am UTC| Commentary Economy

Global dairy prices rose for the fourth consecutive GlobalDairyTrade (GDT) auction, driven mostly by double digit gains in whole milk powder and butter milk powder and remained below market expectations. Overall, the...

U.K. household financial expectations remain stable

Sep 21, 2016 10:26 am UTC| Commentary Economy

The seasonally adjusted U.K. Household Finance Index (HFI) fell marginally to 44.8 in September from 44.9 in August. This hints at an ongoing financial strain, household perceptions continued to be quite less downbeat than...

RBNZ likely to stand pat on policy today

Sep 21, 2016 09:59 am UTC| Commentary Central Banks

Today Reserve Bank of New Zealand (RBNZ) will announce its monetary policy around 21:00 GMT. Over the past year or so, RBNZ has reduced rates from 3.5 percent to 2 percent, which is an all-time low, however, the bank is...

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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,...