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Tue, Apr 28, 2026 07:24 AM All times are UTC

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Significantly higher Swiss gold exports to China and Hong Kong in September

Oct 20, 2015 09:08 am UTC| Commentary

The gold price is finding it impossible to entirely ignore the weakness among cyclical commodities and is trading some of the time this morning at below $1,170 per troy ounce. Switzerland exported 141.5 tons of gold in...

Brent oil price drops by almost 4%

Oct 20, 2015 09:05 am UTC| Commentary

Oil prices were under considerable selling pressure yesterday. Brent shed nearly 4% and closed trading well below $49 per barrel. WTI fell by 3% to just shy of $46 per barrel. There was no real trigger for yesterdays price...

U.S. GDP growth: down but not out

Oct 20, 2015 08:55 am UTC| Commentary

The latest ISM indices are consistent with a 3%+ trend in the U.S. GDP growth as the strong non-manufacturing sector continues to offset weakness in manufacturing. After all, the manufacturing sector of the economy makes...

Is tight labor market limiting U.S. job growth?

Oct 20, 2015 08:48 am UTC| Commentary

The slowdown in payrolls growth in August and September might delay the first Fed rate hike until early 2016, unless the weakness is reversed in the two remaining job reports ahead of the 15-16 December FOMC meeting....

MAS reduces SGD NEER policy band slope slightly

Oct 20, 2015 08:03 am UTC| Commentary Central Banks

The Monetary Authority of Singapore (MAS) reduced the slope of its SGD NEER policy band slightly on 14 October - to 1% from our previous assumption of 1.5%. All other policy parameters (width of the policy band, level of...

Early guidance on banking business scope expansion possible in China

Oct 20, 2015 07:56 am UTC| Commentary

In the past five years, China banks have reduced their reliance on credit business, as demonstrated by the non-interest income contribution to total revenue for the overall sector rising to 24.6% in 2Q15 from 20.8% in...

China's domestic financial reforms deepening

Oct 20, 2015 07:46 am UTC| Commentary

On Chinas domestic financial reforms, interest rate liberalisation is likely to proceed with the removal of the cap on all deposit rates. In parallel with this change, the PBoC is aiming to transform its monetary policy...

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Economy

Gold Prices Drop Amid Iran War Concerns, Rising Oil Costs, and Hawkish Central Bank Signals

Gold prices declined sharply during Asian trading on Tuesday as rising oil prices and hawkish signals from the Bank of Japan (BOJ) heightened concerns about global inflation and interest rate policies. Spot gold fell by 1%...

China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.

The Beijing Auto Show is drawing global attention as it highlights a dramatic shift in the automotive market: electric vehicle (EV) prices in China are significantly lower than in the United States. Intense competition...

Yen Strengthens as BOJ Signals Rate Hikes; Asian Currencies Slip Ahead of Fed Meeting

The Japanese yen strengthened on Tuesday after the Bank of Japan (BOJ) maintained its interest rates but hinted at potential rate hikes amid rising inflation risks. The USD/JPY pair declined by 0.2%, hovering near the 159...

Asian Stocks Mixed as BOJ Holds Rates, Oil Prices and Fed Outlook Weigh on Markets

Asian stock markets delivered a mixed performance on Tuesday as investors reacted to elevated oil prices, ongoing geopolitical tensions, and the Bank of Japans decision to keep interest rates unchanged. Market sentiment...

Oil Prices Rise Amid U.S.-Iran Tensions and Strait of Hormuz Deadlock

Oil prices moved higher during Asian trading on Tuesday as geopolitical tensions between the United States and Iran continued to weigh on global energy markets. The ongoing stalemate over the Strait of Hormuz, a critical...

Politics

King Charles Addresses U.S. Congress, Emphasizes UK-US Alliance Amid Political Tensions

Britains King Charles III is set to deliver a historic address to the U.S. Congress on Tuesday, reinforcing the long-standing special relationship between the United Kingdom and the United States. The speech comes at a...

Trump Skeptical of Iran Hormuz Proposal as Nuclear Talks Stall

U.S. President Donald Trump and his national security team remain doubtful about Irans recent proposal to reopen the Strait of Hormuz while delaying discussions on its nuclear program, according to a Wall Street Journal...

White House Withdraws Trump’s National Park Service Nominee Amid Criticism

The White House has officially withdrawn President Donald Trumps nomination of Scott Socha to lead the National Park Service (NPS), more than two months after it was submitted to the U.S. Senate. The administration did not...

Trump Administration Dismisses Entire National Science Board, Sparking Debate Over Scientific Independence

The Trump administration has removed all members of the National Science Board, a major advisory group that oversees the National Science Foundation (NSF), according to statements from two former board members. The...

Trump Rejects Iran Proposal as War Tensions Push Oil Prices Higher

U.S. President Donald Trump has expressed dissatisfaction with Irans latest proposal aimed at resolving the ongoing two-month conflict, according to a U.S. official. The development has reduced hopes for a near-term...

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

Google Secures Pentagon AI Deal for Classified Projects

Alphabets Google has reportedly entered into an agreement with the U.S. Department of Defense to deploy its advanced artificial intelligence models for classified operations, according to a report by The Information citing...

Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal

The Australian government has announced a new plan that could impose multimillion-dollar charges on major tech platforms like Meta, Google, and TikTok if they fail to compensate local media companies for news content...

Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand

Shares of Lightelligence, the Shanghai-based optical computing company formerly known as Shanghai Xizhi Technology, delivered an explosive performance during their Hong Kong stock market debut, underscoring strong investor...

OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO

OpenAI is reportedly facing mounting pressure after missing key internal targets for both user growth and revenue, raising concerns about its ability to sustain aggressive spending plans. According to a Wall Street Journal...

Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results

Shares of Advantest Corp (TYO:6857) declined on Tuesday after the semiconductor equipment maker issued an annual outlook that fell short of market expectations, overshadowing its strong financial performance driven by...