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Fri, Jun 19, 2026 11:06 PM All times are UTC

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NBH ends rate easing cycle as expected

Jul 22, 2015 07:04 am UTC| Commentary

Hungarys CenBank cut its benchmark rate yesterday by slightly larger than expected 15bp to 1.35%. With this cut, the MPC formally con-cluded the easing cycle which had been in place for the preceding five months.The...

RBNZ to cut rates once more

Jul 22, 2015 07:00 am UTC| Commentary

A further rate cut from RBNZ would be data dependant. Inflation rose more or less as expected in Q2 but remains a long way off the RBNZs target with a yoy rate of 0.3%. However, admittedly that would not constitute an...

Hungary's current MNB rates likely to remain at same level till H2 2016

Jul 22, 2015 06:47 am UTC| Commentary

The Hungarian central bank (MNB) cut its key rate by 15 bp to 1.35%. MNB governor Matolcsy said that rates would remain at this level for a long time.Growth is not the main concern in Hungary any more. In fact growth has...

Crude Oil in Red Ahead of Inventory Data

Jul 22, 2015 06:45 am UTC| Commentary

Crude futures posted losses on Wednesday as prices of the commodity continued their decline due to supply, slowing demand, a stronger US dollar and a weak inflationary outlook.WTI futures gave up 1.36% to $50.17 per...

US existing home sales to climb further

Jul 22, 2015 06:31 am UTC| Commentary

As of May, existing home sales in US stood at their highest level since 2009.Societe Generale expects the resales to climb further by a modest 0.6% m/m to 5.38 mln units. Housing demand is being underpinned by improved...

Tone of MPC minutes shifting further towards rate increase

Jul 22, 2015 06:14 am UTC| Commentary

BoE MPC members seem to be increasingly laying the groundwork for a rate increase.Martin Weale hinted last week that he would vote for a rate increase in August. Recently, Mark Carney in his 16 July speech said that "the...

Greece to repay IMF; IMF financing doubtful

Jul 22, 2015 05:58 am UTC| Commentary

ECB extended loan worth of 7bn to Greece last week. The country should be able to pay the ECB 3.5bn debt redemption due on Monday. On top of that, the Greek government should settle the IMF missed payments (1.54bn in June...

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Economy

Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge

Global oil prices stabilized on Friday, but Brent crude remained on track for a weekly decline of more than 8% as investors assessed the uncertain future of the U.S.-Iran peace agreement and ongoing geopolitical risks in...

Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets

Asian stock markets rallied on Friday, with Japan and South Korea reaching record highs as easing tensions in the Middle East and the reopening of the Strait of Hormuz pushed oil prices lower, reducing global inflation...

US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge

U.S. stock index futures edged lower on Thursday evening, giving back some gains after a strong Wall Street rally driven by optimism surrounding a new U.S.-Iran agreement and a powerful surge in semiconductor stocks....

Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare

Canada and British Columbia have unveiled a major long-term infrastructure partnership valued at more than $5 billion, aimed at accelerating housing development, expanding healthcare facilities, and improving public...

Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks

Japans consumer inflation remained subdued in May, highlighting the ongoing impact of government energy subsidies even as the Bank of Japan (BOJ) signals concerns over future price pressures. The latest inflation data was...

Politics

Marco Rubio to Visit Gulf Nations for Key Middle East Talks

U.S. Secretary of State Marco Rubio is expected to travel to the Middle East next week, with planned visits to Kuwait, the United Arab Emirates (UAE), and Bahrain, according to a report from Axios citing multiple sources...

Trump Inspects Upgraded Qatar-Gifted Boeing 747 as Interim Air Force One Nears Service

President Donald Trump toured an upgraded Boeing 747 at Joint Base Andrews in Maryland on Friday as the aircraft moves closer to entering service as part of the Air Force One fleet. The luxury jet, originally gifted by...

Trump Says Anthropic No Longer Seen as National Security Threat

U.S. President Donald Trump said he no longer views artificial intelligence company Anthropic as a national security threat, marking a significant shift from his stance just a week earlier. The comments came during an...

UN Clash Erupts as Israel Envoy Confronts UN Officials Over Blacklisting Reports

A tense confrontation unfolded at the United Nations headquarters in New York during an event marking the International Day for the Elimination of Sexual Violence in Conflict, as Israels ambassador to the U.N., Danny...

Meloni Slams Trump Over G7 Photo Claim as U.S.-Italy Relations Deteriorate

Italian Prime Minister Giorgia Meloni has strongly rejected claims made by U.S. President Donald Trump that she begged him for a photo during the recent G7 summit, calling the remarks completely made up and expressing...

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

Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks

Meta Platforms is reportedly lobbying U.S. lawmakers to include legal protections for social media companies in the proposed Kids Online Safety Act (KOSA), a move that could significantly impact thousands of lawsuits...

SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow

SpaceX (NASDAQ: SPCX) shares extended their pullback on Thursday after a remarkable post-IPO rally, as investors locked in profits and questioned the companys lofty valuation. The stock, which dropped nearly 10% earlier in...

US Raises Concerns Over Possible ASML EUV Machine Transfer to China

U.S. Commerce Secretary Howard Lutnick has reportedly raised concerns with Dutch semiconductor equipment giant ASML regarding the possible transfer of one of its advanced extreme ultraviolet (EUV) lithography machines to...

Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race

Noam Shazeer, a vice president of engineering at Google and one of the leaders behind the companys Gemini artificial intelligence models, has announced that he is leaving Google to join OpenAI, the creator of ChatGPT. The...

SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples

SK Hynix Inc. saw its shares surge to an all-time high on Thursday after announcing the shipment of samples of its latest high-bandwidth memory (HBM) product, reinforcing its position as a leading supplier in the rapidly...