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Tue, Aug 18, 2026 12:37 AM All times are UTC

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Key updates from G-7 summit

May 26, 2016 13:25 pm UTC| Commentary

Leaders of G-7 countries, United States, Japan, Germany, Italy, United Kingdom and Canada have reached Japan and meeting has officially began about 10 hours ago. The meeting is expected to focus on Economy, the need for...

Canadian bonds rise modestly after BoC keeps policy rate steady

May 26, 2016 13:01 pm UTC| Commentary

The Canadian bonds traded modestly firmer on Thursday after Bank of Canada (BoC) left policy rate unchanged at 0.5 percent. Moreover, future course in bond prices are likely to be ruled by the movements in the crude oil...

US April pending home sales likely to rise on improved consumer sentiments

May 26, 2016 13:01 pm UTC| Commentary

The United States April pending home sales, to be released Thursday at 14:00 GMT is expected to move up, given the turnaround of positive sentiments among the consumers. Consumers are reacting rationally to the sharp...

EUR/HUF likely to remain around 315 in near-term

May 26, 2016 12:57 pm UTC| Commentary

In the near-term, the EUR/HUF pair is expected to stay around the level of 315, said Nordea Bank in a research report. The currency pair is then expected to move lower towards the medium-term fair value of about 290 in H2...

US durable goods orders likely to rise on improvement in purchasing activity

May 26, 2016 12:25 pm UTC| Commentary

The United States April Commerce Department durable goods orders report, expected to be released by 12:30GMT is likely to witness gain in the overall measure, remarkably on an improvement in purchasing activity though this...

Jiri Rusnok appointed CNB governor, central bank to lower interest rates to negative in 2016

May 26, 2016 12:25 pm UTC| Commentary

Yesterday, Jiri Rusnok was nominated as CNB Governor by Czech President Milos Zeman. This was on par with expectations. Rusnok has been a board member of the central bank. He has also been the Presidents ally from the...

IMF wants explicit guarantee on debt-sustenance before giving Greece money

May 26, 2016 12:24 pm UTC| Commentary

Joyous mood surrounding Greeces debt relief turned a bit sour as International Monetary Fund (IMF) posed doubts whether the relief would be sufficient or not. According to IMF, though lenders have agreed to hand Athens 7.5...

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Economy

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...

Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks

Canada is bracing for a new wave of 50% U.S. tariffs this week, raising concerns over job losses, weaker investment and fresh uncertainty surrounding the U.S.-Mexico-Canada Agreement (USMCA). U.S. President Donald Trump...

Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus

Wall Street closed lower Monday as investors stepped back following a record-setting week, while rising oil prices and persistent Middle East tensions weighed on market sentiment. The SP 500 fell 0.5% to 7,748.14, the...

Citadel Warns High Treasury Yields Pose Broader Market Risks

The Federal Reserves monetary policy strategy following the recent inflation surge is helping keep long-term US Treasury yields near multiyear highs, potentially creating wider risks across financial markets, according to...

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

Oil prices extended their gains Monday as escalating U.S.-Iran tensions over the Strait of Hormuz fueled concerns about global energy supplies and shipping disruptions. Brent crude futures for October delivery rose 2.5% to...

Politics

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...

Russia-Ukraine Drone Attacks Escalate as Strikes Hit Moscow, Kyiv and Romania

Russia and Ukraine exchanged major missile and drone attacks overnight, leaving several people dead and damaging industrial and commercial facilities as the war continues to intensify. Russian forces struck ArcelorMittal...

US CENTCOM Chief Praises USS Abraham Lincoln Crew Amid Mental Health Concerns

U.S. Central Command chief Admiral Brad Cooper praised the crew of the USS Abraham Lincoln following a recent visit to the aircraft carrier, describing their performance and resilience as awe-inspiring amid growing...

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...