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U.S. durable goods orders weaken in May; downside risks to business spending outlook re-ignite

Jun 27, 2016 05:16 am UTC| Commentary Economy

U.S. durable goods orders dropped 2.2 percent in May, weaker than projections. Core capital goods orders also came in weaker. Meanwhile, data for shipments indicate towards positive spending in equipment in the second...

China May industrial profits ease, concerns over economic growth prevail

Jun 27, 2016 04:57 am UTC| Commentary

Industrial profits in China eased in May, slowing further from Aprils pace that added to concerns that the worlds second-largest economy may be losing some momentum as global turmoil, instability and Brexit may have...

FxWirePro: The Day Ahead- 27th June 2016

Jun 27, 2016 04:37 am UTC| Commentary

Not many economic dockets and events scheduled for today. Focus will remain on unscheduled commentaries surrounding Brexit. Upcoming: Germany:Import price index for May will be released at 6:00 GMT. Prior -6.6...

Asian markets start the new week on a mix note after Brexit results, gold firm above $1,310

Jun 27, 2016 03:37 am UTC| Commentary

All the major Asian markets are trading on a mix note as UK decided to leave EU as final results came on last Friday. On the other side, gold remains well supported above $1,300 and trading around $1,326 levels. In...

Brexit sees rising risk of foreign portfolio outflows in Asia

Jun 24, 2016 15:12 pm UTC| Commentary

Markets deeply shocked and hit by the Brexit news and gave up risky assets in wake of increased uncertainty on UKs economic prospects sans EUs membership. Todays vote, if ratified by Parliament, would immediately invoke...

60 pct odds of a UK recession within the next 12 months, says TDS

Jun 24, 2016 14:07 pm UTC| Commentary

UK economy enters a period of huge uncertainty and weakness as a result of UKs vote to leave the EU. Pound bashed to multi-year lows against majors and follow-through selling likely to continue as markets digest the...

Will Brexit trigger a Scottish referendum?

Jun 24, 2016 13:51 pm UTC| Commentary

Scotland has voted in favour of the UK staying in the EU by 62% to 38% - with all 32 council areas backing Remain. UKs vote to leave the EU raises the prospect of Scotland being taken out of the EU against its will. Scots...

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Economy

RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200

The Reserve Bank of Australia (RBA) is widely expected to raise interest rates by 25 basis points to 4.35% following its May 5 policy meeting, marking its third increase this year. This anticipated move would return the...

Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns

Concerns that the eurozone could face a recession are increasingly valid as geopolitical tensions in the Middle East continue to disrupt global markets, according to European Central Bank (ECB) Governing Council member and...

Yen Stabilizes After Suspected Intervention as Global Currency Markets Stay Cautious

The Japanese yen showed signs of stability in early Asian trading, gaining modest ground after several volatile sessions driven by suspected government intervention. The currency strengthened by 0.1% to 156.885 per dollar,...

Asian Stocks Rise as South Korea Hits Record High on AI Chip Rally

Asian stock markets opened the week on a positive note, led by a strong surge in South Korean equities and renewed momentum in Hong Kongs technology sector. Investor sentiment across the region improved as markets reacted...

Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated

The Bank of Korea (BOK) is signaling a shift toward a more hawkish monetary policy stance, with senior officials indicating that interest rate hikes may soon be back on the table. Ryoo Sang-dai, senior deputy governor and...

Politics

Australia Launches Public Hearings on Bondi Beach Shooting and Rising Antisemitism

Australia has officially opened public hearings into the Bondi Beach mass shooting that occurred in December, marking a significant step in a broader national inquiry into antisemitism and social cohesion. The tragic...

Ukraine Drone Strikes Hit Russian Oil Port Primorsk and Naval Targets

Ukraine has intensified its long-range drone campaign against Russia, targeting key energy infrastructure and military assets in a large-scale overnight assault. Ukrainian forces reportedly struck the Baltic Sea port of...

Taiwan President Lai Ching-te Visits Eswatini Amid Rising China Pressure

Taiwan President Lai Ching-te has arrived in Eswatini, marking a significant diplomatic move after his earlier trip was delayed due to restricted airspace access reportedly influenced by China. The visit underscores...

Japan Signals Potential Shift on Arms Exports, Opening Door to Ukraine Support

Japans recent decision to relax its long-standing weapons export restrictions has created a potential pathway for future defense cooperation with Ukraine, according to Kyivs ambassador to Tokyo. While no immediate arms...

Poland Sees No Delays in U.S. Patriot Missile Defense Deliveries Despite Stockpile Concerns

Poland has not received any signals suggesting delays in the delivery of U.S.-made Patriot air defense systems, according to Defence Minister Wladyslaw Kosiniak-Kamysz. His statement comes amid growing concerns across...

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

Anthropic’s $1.5B AI Venture with Wall Street Firms Targets Private Equity Market

Anthropic is reportedly nearing completion of a major $1.5 billion joint venture with leading financial institutions, including Blackstone and Goldman Sachs, aimed at expanding the use of artificial intelligence tools...

Samsung Appoints New TV Business Head Amid Rising Competition from Chinese Rivals

Samsung Electronics, the worlds leading TV manufacturer, has made a significant leadership change in its television division for the first time in over two years. The company announced that Lee Won-jin, formerly head of...

U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats

U.S. cybersecurity officials are exploring significantly shorter deadlines for fixing critical vulnerabilities in government IT systems, driven by growing concerns that hackers are leveraging advanced artificial...

Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue

Apple delivered a strong fiscal Q2 2026 performance, reporting record-breaking revenue and profit growth fueled by robust iPhone sales and expanding services. The tech giant posted earnings of $2.01 per share on $111.18...

FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case

The Chinese governments alleged hack-for-hire ecosystem is rapidly expanding and becoming increasingly difficult to control, according to a senior FBI official. Speaking on Thursday, FBI Assistant Director Brett Leatherman...