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Sun, Aug 16, 2026 12:30 AM All times are UTC

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Australia likely to achieve 2.5% growth in 2015/16

Dec 15, 2015 06:55 am UTC| Commentary

Australian Federal Treasurer Morrison released the Mid-Year Economic Fiscal (MYEFO) document for 2015-16 today. Lower commodity prices and expectation of a weaker growth rate hit the countrys budget. The Australian...

Renminbi Series

Renminbi series – deliberate devaluation……maybe not

Dec 15, 2015 06:28 am UTC| Commentary Central Banks

Peoples bank of China (PBoC) has devalued Yuan for seventh consecutive day, while the Yuan trades at four year low against Dollar. PBoC has fixed Yuans central parity today, down -0.1% to RMB 6.4995 per Dollar. Onshore...

Oil in Global Economy Series

Lower oil prices pat Canadian economy

Dec 15, 2015 06:22 am UTC| Commentary

Canadian overall national net worth declined by 1.3% and stood at $129.4 billion. This is because of fall in oil prices. The natural resources wealth of the economy is declined by $285 billion. However, the fall in...

Fed's second rate hike likely in April, 2016

Dec 15, 2015 06:05 am UTC| Commentary Central Banks

The FOMC meeting on policy decission is scheduled tomorrow. The Fed is expected to hike rate for first time after almost 10 years. Looking forward, analysts foresee a series of rate hikes next two years. Some economic...

Sydney property price rise still a concern

Dec 15, 2015 05:53 am UTC| Commentary Real Estate

Today, from Australia, house price details were released for third quarter and its not a pretty picture. Property prices are still on the rise, increasing the risks if meltdown occurs and making the properties away from...

Daily Economic Outlook: 15th December, 2015

Dec 15, 2015 05:31 am UTC| Commentary

Inflation data for November in U.K. are scheduled to release today. The inflation figures will be in domestic markets focus. CPI inflation posted negative figures for past two months is expected to rebound this...

Euro area industrial production hints solid GDP growth in Q4

Dec 15, 2015 04:50 am UTC| Commentary

Industrial production in euro area posted a solid growth of 0.6% month on month in October. Similarly, in annual term, it increased by 1.9% year on year against 1.3% in previous month. A sector level figure reveals,...

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Economy

Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals

U.S. equities have delivered strong gains in 2026, but Barclays analysts warn that the stock market rally may be increasingly disconnected from underlying fundamentals as investors continue chasing higher prices. The SP...

Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets

Gold prices edged higher on Friday and headed for a weekly gain as weaker-than-expected U.S. retail sales further reduced expectations for a Federal Reserve interest rate hike in September. Spot gold rose 0.5% to $4,374.30...

S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint

The SP 500 closed lower on Friday, retreating from its latest record high as weakness in AI-related stocks and disappointing U.S. retail sales weighed on investor sentiment. The SP 500 fell 0.17% to 7,785.76, while the...

Trump Imposes New Tariffs on Drone Imports Over US Security Concerns

President Donald Trump has announced new tariffs on imported drones and drone components, citing national security concerns and the United States heavy dependence on foreign suppliers. Under a proclamation signed by Trump,...

Strait of Hormuz Shipping Near Standstill After New Vessel Attacks

Shipping through the Strait of Hormuz slowed to a near standstill on Friday after two more vessels were attacked, while the United States signaled it could maintain its naval blockade of Iran indefinitely. The disruption...

Politics

DNC Makes South Carolina First in 2028 Democratic Primaries

The Democratic National Committee has officially selected South Carolina as the first state to vote in the 2028 Democratic presidential primaries, cementing a new nominating calendar designed to reflect the partys diverse...

Israeli Troops Enter Qusra Homes as Settler Siege Intensifies

Israeli troops took up positions inside Palestinian homes in the occupied West Bank village of Qusra on Thursday, according to local officials and residents, as a settler siege that has trapped several Palestinian families...

U.S. Pressures Nations to Choose Sides in AI Race

The United States is preparing to pressure dozens of countries to choose between joining a U.S.-led artificial intelligence alliance or supporting Chinas competing AI framework, according to a U.S. official and an internal...

Morocco Arrests 111 in New Ceuta Migrant Crossing Attempt

Moroccan authorities arrested at least 111 people on Saturday during an attempted mass migrant crossing into Spains North African enclave of Ceuta, as both Morocco and Spain tightened border security following calls on...

US Pressures Netanyahu to Condemn West Bank Settler Violence

The United States is urging Israeli Prime Minister Benjamin Netanyahu to publicly condemn militant settlers accused of carrying out attacks against Palestinian families in Qusra, a village in the occupied West Bank. U.S....

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

Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center

Nvidia is reportedly in discussions to invest up to $3 billion in SB Energy, a SoftBank Group-backed company developing a major AI data center campus in Ohio for OpenAI. According to a report by The Information, the...

Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion

Alphabets early investment in SpaceX has delivered extraordinary returns, with the Google parents stake valued at roughly $94.2 billion at the end of June. The company originally invested $900 million in Elon Musks rocket...

Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover

Stripe and private equity firm Advent International reportedly offered to acquire PayPal for $60.50 per share in July, valuing the payments company at roughly $53 billion. PayPal rejected the proposal as too low, but...

J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth

J.P. Morgan upgraded SanDisk to Overweight from Not Rated and set a December 2027 price target of $2,250, citing stronger long-term growth prospects following the flash memory companys 2026 Investor Day in New York....

Micron Stock Upgraded to Buy as New Street Sees $2 Trillion Valuation Potential

New Street Research has upgraded Micron Technology (NASDAQ: MU) to a Buy rating with a $1,250 price target, arguing that the semiconductor company is entering a fundamentally different memory cycle driven largely by...