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Tue, Aug 18, 2026 03:32 AM All times are UTC

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Canada’s trade deficit narrows in April; but net trade unlikely to contribute to growth in Q2

Jun 06, 2016 05:24 am UTC| Commentary

In April, Canadas exports grew 1.5% to $41.8 billion, according to Statistics Canada. For the April month, the nation recorded trade deficit of $2.9 billion, narrowed from Marchs deficit of $3.2 billion. Prices of exports...

Australian bonds rally after US payroll shocks global markets

Jun 06, 2016 05:24 am UTC| Commentary

The Australian government bonds rallied on Monday as investors poured into safe-haven assets after U.S. payrolls grew at the slowest pace in almost six years, which dampened prospects for a rate increase by the Federal...

RBA likely to stay on hold Tue as positive economic data boosts sentiments

Jun 06, 2016 05:02 am UTC| Commentary

The Reserve Bank of Australia is expected to keep rates unchanged at its official monetary policy meeting scheduled to be held on June 7 at 4:30 GMT. The central bank had already eased policy stance by 25 bps in its...

Fundamentals to watch out for this week

Jun 06, 2016 05:01 am UTC| Commentary

This week is relatively risk heavy with data and events. Focus is on NFP data from U.S. and ECB monetary policy. What to watch for over the coming days FED chair Janet Yellens speech - Biggest event of this...

Guide to today’s important data and events

Jun 06, 2016 04:27 am UTC| Commentary

Not many economic dockets scheduled for today and all with low to medium volatility risks associated. Data released so far Australia TD securities inflation rose at lower pace of 1% in May, down from...

Asian markets mix, gold hits fresh 2 –week high in early hours

Jun 06, 2016 03:52 am UTC| Commentary

All the major Asian stock markets are trading on a mix note on the start of a new week. Important to note here that, major stocks and Forex markets are highly affected by the U.S. job results released on last Friday. U.S...

UK services PMI beats expectations, but remains close to multi-year lows, emphasises economic slowdown

Jun 03, 2016 15:22 pm UTC| Commentary

Markit/CIPS Services PMI for May beat expectations, coming in at 53.5 vs 52.5 consensus and 52.3 previously. PMI posted a partial recovery from Aprils three-year low, however, remains close to multi-year lows (Aprils...

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Economy

US Dollar Hovers Near Multi-Month Lows as Fed Rate Hike Bets Ease

The U.S. dollar remained near multi-month lows against major currencies on Tuesday as softer economic data reduced expectations for an imminent Federal Reserve interest rate hike. However, escalating Middle East tensions...

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....

Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade

Gold prices remained close to the $4,400-an-ounce mark on Tuesday as weaker U.S. economic data reduced expectations for further Federal Reserve tightening, while escalating Middle East tensions boosted safe-haven demand....

Oil Prices Rise as Iran-U.S. Tensions Threaten Strait of Hormuz Supply

Oil prices climbed on Tuesday as escalating Iran-U.S. tensions reduced hopes for a permanent Middle East ceasefire, raising concerns over global energy supplies and continued disruptions through the Strait of Hormuz. Brent...

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...

Politics

Trump Approval Rating Hits Presidency Low as Iran War Concerns Grow

President Donald Trumps approval rating has fallen to the lowest point of his presidency as Americans grow increasingly concerned about the prolonged U.S. conflict with Iran and rising gasoline prices, according to a...

South Korea’s Lee Calls for Stronger Defence as US Eyes Reduced Joint Drills

South Korean President Lee Jae Myung called for stronger independent defence capabilities on Tuesday, stressing that Seoul must enhance its military readiness while maintaining its alliance with the United States. Lees...

Erdogan Urges Trump to Resume Iran Talks, Offers Turkey’s Support for Peace Efforts

Turkish President Recep Tayyip Erdogan has urged U.S. President Donald Trump to prioritize diplomacy with Iran as tensions between Washington and Tehran remain high, offering Turkeys support for efforts to secure a lasting...

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...

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...

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

Google to Move All Pixel Production Out of China by 2027

Google plans to shift production of its Pixel smartphones, smartwatches and wireless earbuds entirely out of China beginning in 2027, according to a Nikkei Asia report. The technology giant is expected to rely on...

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...