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Tue, Aug 18, 2026 02:28 PM All times are UTC

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NZ commodity prices jump in June on support from dairy industry

Jul 05, 2016 05:30 am UTC| Commentary

Commodity prices in New Zealand jumped in June, posting the second straight month of rise in a row, primarily led by bounce in dairy industry. Also, rise in prices of seafoodcontributed to the surge. However, an...

Philippines’ headline inflation accelerates in June on rise in food prices

Jul 05, 2016 05:16 am UTC| Commentary Economy Central Banks

The Philippines annual headline inflation continued to accelerate in June, consistent with consensus expectation. The annual headline inflation quickened to 1.9 percent, the most rapid pace in more than one year, helped by...

FxWirePro: AUD/USD erases knee-jerk spike, slumps over 30 pips to hit lows around 0.75 handle after RBA stands pat

Jul 05, 2016 05:13 am UTC| Technicals Commentary

RBA Board decided to leave the cash rate unchanged at 1.75 percent, as widely expected. In a statement released RBA Governor Glenn Stevens said that financial markets have been volatile as investors have re-priced...

Australia consumer confidence edges lower tracking domestic political uncertainty

Jul 05, 2016 04:49 am UTC| Commentary

Consumer confidence in Australia for the week ending July 3, edged lower, following ongoing political uncertainty concerning the domestic Federal elections, the final results of which are due on Tuesday. Further, global...

FxWirePro: The Day Ahead- 5th July 2016

Jul 05, 2016 04:43 am UTC| Commentary Economy

Lots of economic dockets scheduled for today but all with low to medium volatility risks associated. Data released so far: Australia: Trade balance for May came at $2.2 billion deficit. Exports rose 1 percent and...

Most Asian markets trading on a negative note, gold up by 1 pct at $1,352.4 while silver falls by 3 pct to $19.70

Jul 05, 2016 03:54 am UTC| Commentary

Most Asian markets are trading on a lower note on Tuesday and erases previous gains. On the other side, gold and silver are also slightly trading on a downside. Gold made a high of $1,352 and currently hovers around...

Chart of the Day Series

Chart of the Day: Silver surfer

Jul 04, 2016 17:08 pm UTC| Commentary Technicals

Silver flew past $20/troy ounce area to trade as high as $21.17/troy ounce. We suspect a major shift in trend, especially in theprecious metals market. We have been bullish on Gold from $1060/troy ounce but was late in...

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Economy

UK Wage Growth Holds at 3.5% as Unemployment Rises

UK wage growth excluding bonuses remained at 3.5% in the second quarter of 2026, while unemployment increased, pointing to further signs of weakness in the countrys labor market, according to the latest data covering June...

European Stocks Slide as Iran War Escalation Sends Oil Higher

European stocks extended their decline on Tuesday, with major benchmarks falling to two-week lows as a sharp escalation in the Iran war rattled global financial markets. The pan-European STOXX Europe 600 fell 0.2%, marking...

Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves

Australian consumer sentiment strengthened sharply in August, driven by improving household finances and greater confidence about the outlook for interest rates, according to the latest Westpac-Melbourne Institute survey....

Colombia Earthquake Losses Estimated at $9.58 Billion as Reconstruction Challenge Mounts

Economic losses from the powerful earthquake that struck Colombia last week could reach 30 trillion pesos ($9.58 billion), President Abelardo De La Espriella said Monday, highlighting the enormous financial toll of the...

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...

Politics

Philippines Confident in U.S. Defense Commitment Despite Middle East Redeployment

The Philippines does not expect a slowdown in military cooperation with the United States despite the redeployment of some American defense assets from the Indo-Pacific to the Middle East, a Philippine military official...

Gaza Zoo Struggles to Save Animals Amid War

Children visiting a zoo near Gazas Nuseirat refugee camp are greeted by a heartbreaking sight: lions, chimpanzees and other animals weakened by hunger, stress and years of conflict. Despite severe shortages of food,...

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...

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...