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Bank Indonesia likely to keep policy unchanged

Aug 19, 2015 07:39 am UTC| Commentary Central Banks

Despite significant market volatility, central banks elsewhere in Asia have yet to express serious alarm. Indonesia, with inflation running high, the central bank is ever-sensitive to a weaker currency, with Bank...

Exports lead Euro area Q2 GDP growth

Aug 19, 2015 07:31 am UTC| Commentary

Euro area Q2 flash GDP recorded 0.3% q/q growth, after +0.4% q/q in Q1 15 is slightly below expectation. Most countries surprised to the downside, with the notable exception of Greece. In Germany, GDP rose 0.4% q/q,...

Central banks in Emerging Asia appear sanguine over recent currency weakness

Aug 19, 2015 07:13 am UTC| Commentary Central Banks

Indeed, while central banks meeting this week in Korea and the Philippines, rates unchanged took note of the PBoCs FX changes and the resulting market volatility, they suggested comfort with current policy stances. In...

CNY-CNH spread continues to narrow

Aug 19, 2015 07:10 am UTC| Commentary

PBoC set USD-CNY fixing rate at 6.3963 this morning, compared with yesterdays close of 6.3942. In the meantime, CNY-CNH spread narrowed to 453pips yesterday, from 497pips the day before and 628pips last Tuesday when Chinas...

CNY-CNH spread continues to narrow

Aug 19, 2015 07:10 am UTC| Commentary

CBRT’s new monetary policy

Aug 19, 2015 07:02 am UTC| Commentary Central Banks

As expected yesterday CBRT kept all rates on hold. Ahead of potential changes to the overall monetary policy mix, it made little sense to engage in a tightening of monetary policy. The announced changes in the Road Map...

Euro benefits from China weakness

Aug 19, 2015 06:55 am UTC| Commentary

Market participants should keep in mind that weak growth in China might affect monetary policy not only in the US, but also in Europe. The euro is currently benefiting from bad news from China (such as this mornings...

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Economy

Indian Cotton Yarn Exports Surge as China Demand Rises Amid Global Supply Disruptions

Global supply chain challenges and fuel disruptions caused by the ongoing Middle East conflict have negatively impacted many Indian manufacturing sectors. However, Indias cotton yarn industry is experiencing a significant...

European Car Sales Surge in March as EV and Hybrid Demand Accelerates

European car sales recorded a strong rebound in March, driven largely by rising demand for electric vehicles (EVs) and hybrid cars. According to data released by the European Automobile Manufacturers Association (ACEA),...

Foreign Investors Drive Surge in Japanese Stocks Amid AI Rally and Improved Risk Sentiment

Japanese stocks experienced a strong wave of foreign investor inflows in the week ending April 18, supported by a rally in artificial intelligence-related companies and improving global risk sentiment. Optimism surrounding...

Nikkei Retreats After Brief 60,000 Break as Profit-Taking and Geopolitical Risks Weigh

Japans Nikkei 225 share average reversed gains on Thursday after briefly surpassing the key 60,000 level, as investors moved to lock in profits following an early surge fueled by technology stocks and optimism surrounding...

Bank of Japan Signals Potential Rate Hike as Inflation Risks Rise Amid Energy Shock

The Bank of Japan (BOJ) is widely expected to keep its interest rates unchanged at its upcoming April 2728 policy meeting, while signaling a possible rate hike as early as June or July. With global markets already pricing...

Politics

Trump Administration Considers Expanding Refugee Program for White South Africans

The Trump administration is reportedly weighing a major increase in the U.S. refugee admissions cap to allow more white South Africans, particularly Afrikaners, to resettle in the United States. According to sources...

U.S. to Send Election Observers to The Bahamas Amid Fraud Concerns

The United States is preparing to deploy election observers to The Bahamas ahead of the countrys upcoming May 12 general election, according to the U.S. State Department. The move comes after opposition leader Michael...

Taiwan Coast Guard Conducts Rare Drill on Disputed South China Sea Island

Taiwan has carried out a rare high-level visit and military-style exercise on Itu Aba, a Taiwan-controlled island in the contested South China Sea, highlighting growing regional tensions. The visit was led by Ocean Affairs...

Zelensky Warns Ukraine Could Face Patriot Missile Supply Risks Amid Prolonged Iran Conflict

Ukrainian President Volodymyr Zelensky has raised concerns that Ukraines access to critical U.S. anti-missile defense systems, particularly Patriot missiles, could be at risk if tensions in the Middle Eastespecially...

Navy Secretary John Phelan Fired Amid Pentagon Leadership Shakeup and Shipbuilding Concerns

Navy Secretary John Phelan has been dismissed from his role, according to U.S. officials, marking another major leadership change within the Pentagon during a period of heightened military tension. The Pentagon confirmed...

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

Microsoft Commits $18 Billion to Expand AI and Cloud Infrastructure in Australia

Microsoft (NASDAQ: MSFT) has unveiled a major investment plan worth A$25 billion (approximately $18 billion) in Australia, signaling a significant push to strengthen its artificial intelligence (AI) and cloud computing...

Elon Musk Signals Intel 14A Chips for Tesla’s Terafab AI Semiconductor Venture

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk revealed new details about the companys ambitious semiconductor plans, confirming that the Terafab joint venture intends to leverage Intels advanced 14A chip manufacturing process....

Tesla Earnings Beat Expectations as EV Growth Holds Amid Robotics and AI Shift

Tesla reported stronger-than-expected first-quarter 2026 earnings, driven largely by resilience in its core electric vehicle business, even as the company continues shifting focus toward artificial intelligence, robotics,...

SK Hynix Reports Record Q1 Profit Surge Driven by AI Memory Chip Demand

SK Hynix Inc. (KS:000660) delivered a standout performance in the first quarter, reporting a dramatic surge in operating profit that exceeded market expectations. The South Korean semiconductor giant benefited...

Florida Launches Criminal Probe Into OpenAI Over FSU Shooting Incident

Florida Attorney General James Uthmeier announced Tuesday that the state has opened a criminal investigation into OpenAI and its AI chatbot, ChatGPT, following a deadly shooting at Florida State University last year. The...