Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Commentary

Wed, Oct 14, 2026 08:56 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Norway's core September inflation rate likely to be 3%

Oct 09, 2015 07:09 am UTC| Commentary

If there is a central bank amongst the G10 who can afford to sit back and relax in view of inflation close to or even above target then it must be Norges Bank. But it does not. It recently preferred to cut interest rates...

Neither FOMC minutes nor Williams helpful for the dollar

Oct 09, 2015 07:05 am UTC| Commentary

In the end the FOMCs meeting minutes did not provide any major surprises for the market and therefore no major let-up for the USD. Certainly this morning USD weakness is persisting. And indeed one does not exactly get the...

BRL likely to depreciate further

Oct 09, 2015 06:55 am UTC| Commentary

The higher than expected Brazil inflation, a collapse in productivity/investment, and a persisting current account deficit impacted BRL. The implied subsidy from the public sector to the private sector will continue to...

Catch 22 in Saudi Arabia

Oct 09, 2015 06:50 am UTC| Commentary

According to market rumors which circulated yesterday budget cuts are finally on the table in Saudi Arabia. How could it be any other way with a budget deficit in excess of 20% of GDP? The large deficit is the result of...

Downside bias likely in USD-CNH

Oct 09, 2015 06:48 am UTC| Commentary

PBoC set USD-CNY fixing rate at 6.3493 this morning, compared with 6.3505 yesterday. In the meantime, USD-CNH lowered to the lower 6.34 area overnight driven by dollar weakness.Chinas central bank set the fixing rate...

Turkey's lira helped by positive political and macro news

Oct 09, 2015 06:44 am UTC| Commentary

The lira has strengthened sharply this week, with the TRY basket (50:50 USD:EUR) approximately 5% stronger now than its bottom in mid-September. A part of this rally simply reflects the risk on rally surrounding global EM,...

Mexican peso likely to appreciate gradually next year

Oct 09, 2015 06:41 am UTC| Commentary

The beginning of Mexicos tightening cycle early next year will likely help support the peso.On average, currencies would take 32 months from peak overvaluation to bottom undervaluation. The Mexican peso is close to its...

4751 4752 4753 4754 4755 4756 4757 4758 4759 4760

Economy

Oil Prices Mixed as Russia Diesel Deal and Houthi Attacks Raise Supply Concerns

Oil prices traded mixed on Tuesday as investors assessed the impact of a U.S.-Russia diesel supply agreement alongside growing concerns about Middle East oil disruptions following escalating Houthi attacks in Yemen and...

Wall Street Closes Lower as Bank Earnings and AI Concerns Weigh

Wall Street stocks ended slightly lower on Tuesday, October 13, as mixed bank earnings and growing concerns over Chinese artificial intelligence competition pressured investor sentiment ahead of key U.S. inflation data....

IMF Maintains 2027 Global Growth Forecast at 3.4% Amid Rising Risks

The International Monetary Fund (IMF) maintained its 2027 global economic growth forecast at 3.4%, warning that escalating Middle East tensions, rising government debt and persistent inflation could threaten the global...

Philippines Current Account Deficit Seen at $19.1 Billion in 2026

The Bangko Sentral ng Pilipinas (BSP) expects the Philippines current account deficit to reach $19.1 billion in 2026, equivalent to 3.8% of the countrys gross domestic product (GDP), according to projections announced by...

RBA Signals More Rate Hikes as Inflation Risks Rise

The Reserve Bank of Australia (RBA) has indicated that further interest rate hikes remain possible as policymakers confront persistent inflation pressures and rising global costs, according to minutes from its September...

Politics

Trump Denies China, Russia Are Helping Iran in War

US President Donald Trump has dismissed claims that China and Russia are supporting Iran in its ongoing war with the United States, despite American intelligence assessments suggesting both countries have provided military...

Zelenskiy Says Ukraine Received No Warning Before Russian Missile Attack

Ukrainian President Volodymyr Zelenskiy said Tuesday that Western allies failed to provide advance warning of a Russian missile attack on Kyiv, raising concerns about Ukraines access to critical intelligence as Washington...

US Supreme Court Denies Release of Anti-ICE Activist Kyle Wagner

The US Supreme Court on Tuesday rejected a request for the pretrial release of Kyle Wagner, an anti-ICE activist accused of making online threats during a federal immigration crackdown in Minneapolis. The decision keeps...

Flavio Bolsonaro Backs Brazil’s 40-Hour Workweek Reform Ahead of Runoff

Brazilian Senator Flavio Bolsonaro has reversed his opposition to a proposed labor reform that would shorten the countrys workweek, a politically significant move ahead of his presidential runoff against incumbent...

US Recalls Nicaragua Envoy After Ambassador Rejection

The United States has recalled its acting envoy to Nicaragua, Elias Baumann, to Washington for urgent diplomatic consultations after the Nicaraguan government rejected Washingtons choice for ambassador, Natasha Franceschi,...

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

Arm Breaches Qualcomm License Deal, Jury Awards $2

A Delaware jury has ruled that Arm Holdings violated its licensing agreement with Qualcomm and intentionally interfered with the chipmakers business relationship with Meta Platforms. However, the jury awarded Qualcomm just...

Nvidia Invests in Four French AI Companies to Expand European Presence

Nvidia Corp is expanding its presence in Europes artificial intelligence market through agreements to acquire minority stakes in four French technology companies, according to a report published Tuesday by French newspaper...

OpenAI Uses AI to Uncover Hidden Recording Device, FBI Makes Arrest

OpenAI has revealed that its artificial intelligence models played a crucial role in investigating a hidden recording device discovered inside one of its offices. The unusual security incident resulted in an employee being...

Citi Upgrades Galaxy Digital Stock, Raises Price Target to $28

Citigroup has upgraded Galaxy Digital (GLXY) stock from Neutral to Buy, raising its price target from $26 to $28 as confidence grows in the companys artificial intelligence (AI) infrastructure business. The revised target...

Trezor Cuts Reseller Network After Ledger Security Breach

Hardware wallet manufacturer Trezor is reducing its authorized reseller network following a major supply-chain security incident involving rival Ledger, introducing stricter distribution controls to protect cryptocurrency...