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Tue, Oct 13, 2026 01:33 PM All times are UTC

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Philippines 2015 GDP forecast cut by 100bp

Aug 28, 2015 12:25 pm UTC| Commentary

Philippines Q2 GDP growth came in marginally below expectations at 5.6% y/y. Q1 GDP growth was 5.0% y/y, revised lower from the preliminary print of 5.2% y/y. On a seasonally adjusted basis, GDP expanded 1.8% q/q. Due to...

IGC raises global crop estimate slightly for corn

Aug 28, 2015 10:40 am UTC| Commentary

The IGC raised its global corn crop forecast by 2 million to 968 million tons to take account of a 8 million ton higher crop in the US, which more than compensates for the almost 7 million ton downward revision for the EU...

IGC raises global crop estimate markedly for wheat

Aug 28, 2015 10:37 am UTC| Commentary

The International Grains Council (IGC) published new supply and demand forecasts for wheat and corn yesterday. The IGC raised its estimate for the global wheat crop by 10 million to 720 million tons, meaning that global...

PBoC likely to cut both rates and RRR again

Aug 28, 2015 07:54 am UTC| Commentary

Following the stock market falls and rising fear of a looming financial crisis, the PBoC announced a symmetric 25bp benchmark rate cut on 25 August, along with a reduction of 50bp in the required reserve ratio for banks as...

Dovish ECB should lead to a reversal of the latest steepening move

Aug 28, 2015 07:45 am UTC| Commentary Central Banks

While the ECB will be likely to deliver a dovish message, it is unclear whether the Governing Council would consider recent developments big enough to tweak the QE programme in terms of size, extension of the eligible...

ECB likely to lower its inflation forecast next week

Aug 28, 2015 07:41 am UTC| Commentary Central Banks

More clarity on the ECBs view on inflation should come from its 3 September meeting. As for the latest forecasts published in June, the ECB sees inflation averaging 0.3% this year, 1.5% in 2016 and 1.8% in 2017."However,...

PBoC intervened heavily in USD-CNY forward market

Aug 28, 2015 07:28 am UTC| Commentary

PBoC set USD-CNY fixing rate at 6.3986 this morning, compared with yesterdays closing rate of 6.4053. It is reported that Chinas central bank intervened into the FX forward market intensively yesterday. One-year outright...

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Economy

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...

Gold Prices Rebound as Dollar Weakens Ahead of US Inflation Data

Gold prices rose on Tuesday as a softer U.S. dollar supported precious metals, although escalating Middle East tensions and expectations of further Federal Reserve interest-rate hikes continued to limit gains. Spot gold...

Asian Currencies Steady as Dollar Nears 18-Month High Ahead of US CPI

Asian currencies traded in narrow ranges on Tuesday as investors remained cautious ahead of crucial U.S. inflation data, while the U.S. dollar stayed near an 18-month high amid geopolitical tensions and sustained demand...

Politics

US Condemns China Sanctions on Taiwan Allies Belize and Paraguay

The Trump administration has criticized China for imposing sanctions on government ministers from Belize and Paraguay over their diplomatic relations with Taiwan, accusing Beijing of using coercion to undermine the...

Kim Jong Un Showcases ICBM Ahead of Possible Trump Meeting

North Korean leader Kim Jong Un visited a newly opened military museum showcasing advanced weapons, including an intercontinental ballistic missile (ICBM) capable of striking the United States, according to state media...

Trump Denies Russia and China Are Helping Iran in U.S. Conflict

U.S. President Donald Trump said Monday evening that he does not believe Russia or China is providing significant assistance to Iran in its ongoing conflict with the United States, despite reports suggesting both countries...

Most Americans Oppose Election Betting on Prediction Markets, Poll Finds

A majority of Americans oppose betting on US elections, military operations and government decisions through prediction markets, according to a Reuters/Ipsos poll, highlighting public concerns as regulators consider new...

Elon Musk Donates $366 Million to 2026 US Midterms

Elon Musk has poured approximately $366 million into the 2026 US midterm elections, making the Tesla and SpaceX CEO potentially the largest individual political donor of the election cycle as Republicans fight to retain...

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’s China AI Chip Market Share Falls to 34% as Huawei Gains Ground

Nvidias share of Chinas artificial intelligence chip market declined sharply during the first half of 2026 as U.S. export restrictions and growing competition from domestic semiconductor manufacturers reshaped the...

Samsung, SK Hynix Shares Plunge as China Chip Competition Grows

Shares of South Korean semiconductor giants Samsung Electronics and SK Hynix plunged on Tuesday, extending a steep selloff as investors weighed rising competition from Chinese memory chipmakers and growing uncertainty...

Moonshot AI Executives Seek Settlement Ahead of Hong Kong IPO

Senior executives at Chinese artificial intelligence startup Moonshot AI are reportedly negotiating a settlement in a shareholder dispute ahead of the companys planned Hong Kong initial public offering (IPO). According to...

Meta Launches Muse Wonder AI Models, Shares Rise 3.7%

Meta Platforms has unveiled its latest artificial intelligence models, Muse Wonder and Muse Wonder Full, marking a major step in the companys efforts to compete with leading AI developers. The announcement on Monday...

Epic Games Delays Disney Shooter, Shifts to AI-First Development

Epic Games has reportedly postponed the launch of its upcoming Disney multiplayer shooter as the Fortnite developer adopts an artificial intelligence-driven approach to game production, according to Bloomberg. The highly...