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Wed, Apr 22, 2026 09:09 AM All times are UTC

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UK Markit construction PMI to rise

Jul 02, 2015 05:00 am UTC| Commentary

UK construction PMI peaked at a high level in 2014, driven by a surge in housing construction. That has cooled, as has the temporary surge in infrastructure constructionfuelled by a need to rebuild flood defences in parts...

Australia's Q2 net exports to be considerably less favourable

Jul 02, 2015 04:46 am UTC| Commentary

Australias trade deficit narrowed to $2.8bn in May, from a revised $4.1bn deficit in April. For the June quarter, the trade deficit could approach $10bn.That would be a more than $5bn deterioration on a $4.5bn deficit for...

U.S. manufacturing index indicates stronger domestic spending

Jul 02, 2015 04:40 am UTC| Commentary

After decelerating considerably from its 2014 average of 55.7, U.S. manufacturing is showing signs of life again with two consecutive monthly gains.General improvement in U.S. manufacturing reflects stronger domestic...

No changes likely to ELA for Greece

Jul 02, 2015 04:36 am UTC| Commentary

First, the ECB will discuss the level of emergency lending to Greek banks today and may reassess the haircuts it imposes on Greek bank collateral in exchange forfunds. No changes are likely.Second, without a bailout...

US June auto sales tally caps off best quarter for new sales

Jul 02, 2015 04:28 am UTC| Commentary

Although the level of sales came down a notch from a monster May, Junes tally is nothing to sneer at. Both the University of Michigans and the Conference Boards consumer confidence indices surged in June, leading buyers...

Daily Economic Outlook: 2nd July, 2015

Jul 02, 2015 04:16 am UTC| Commentary

While markets await further developments in the Greek crisis, the focus today will at least briefly turn to the US. The monthly employment report has usually been seen as the key release of the month and that the FOMC has...

ISM factory index confirms U.S. economy shaking-off soft patch shackles

Jul 02, 2015 03:58 am UTC| Commentary

The ISM manufacturing index was 53.5 in June. This matches the high for the year and indicates that the drag on factories coming from the strong U.S. dollar and weak oil industry is no longer having as much negative impact...

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Economy

Global Energy Crisis: Iran Conflict Triggers Record Oil Supply Shock

The ongoing U.S.-Israeli conflict with Iran has triggered an unprecedented global energy crisis, marked by the largest daily oil supply disruption in history. The closure of the Strait of Hormuz has significantly reduced...

U.S. Freezes Dollar Transfers to Iraq, Pressures Government Over Iran-Backed Militias

The United States has reportedly halted U.S. dollar shipments to Iraq and paused key security cooperation programs as part of a broader effort to pressure Baghdad into addressing the influence of Iran-backed militias...

Asian Stocks Mixed as Tech Shares Decline While Japan’s Nikkei Hits Record High

Asian stock markets showed mixed performance on Wednesday as technology stocks weakened, reflecting overnight losses on Wall Street, while Japans benchmark Nikkei 225 reached a new record high. Investors remained cautious...

Japan Exports Surge for Seventh Month as AI Demand Offsets Middle East Trade Disruptions

Japans exports extended their growth streak for a seventh consecutive month in March, driven largely by strong global demand linked to artificial intelligence (AI) and data center expansion. According to government data,...

Oil Prices Slip Amid Iran Ceasefire Extension, Hormuz Disruptions Keep Markets Tense

Oil prices edged lower during volatile Asian trading on Wednesday as U.S. President Donald Trump announced an indefinite extension of the ceasefire with Iran. While the move raised hopes for continued peace talks, ongoing...

Politics

Syrian Asylum Rejections Rise in Europe as Minority Safety Concerns Persist

A growing number of Syrian asylum seekers are facing rejection across Europe despite ongoing security concerns, particularly among minority groups. After the fall of former President Bashar al-Assad and the end of Syrias...

Virginia Redistricting Vote Boosts Democrats Ahead of Midterm Elections

Virginia voters approved a new Democratic-backed congressional map on Tuesday, a decision that could significantly reshape the balance of power in the U.S. House of Representatives ahead of the upcoming midterm elections....

Trump Administration Files Fraud Charges Against Southern Poverty Law Center Over Informant Payments

The Trump administration has filed criminal charges against the Southern Poverty Law Center (SPLC), a prominent civil rights organization known for tracking extremist groups, accusing it of defrauding donors through its...

Global Military Talks in London Aim to Reopen Strait of Hormuz and Protect Shipping

Military planners representing more than 30 countries are gathering in London for two days of high-level discussions focused on reopening the Strait of Hormuz and strengthening maritime security in one of the worlds most...

Canada-USMCA Review 2026: No Collapse Expected Despite July 1 Deadline

Canadas top trade negotiator to the United States, Janice Charette, has signaled that the upcoming July 1 deadline for reviewing the USMCA trade agreement should not be viewed as a breaking point for North American trade...

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

SK Hynix to Invest $13 Billion in AI Chip Packaging Facility

South Koreas SK Hynix is accelerating its push into the artificial intelligence semiconductor market with a major new investment aimed at strengthening its global competitiveness. The company announced plans to invest...

Nvidia Pushes 800V Data Center Power Systems to Boost Efficiency and Cut Costs

NVIDIA Corporation (NASDAQ: NVDA) is reportedly exploring next-generation data center power solutions by engaging major South Korean power equipment manufacturers to develop higher-voltage infrastructure. According to The...

LG Innotek Stock Hits Record High on $68M Automotive Wi-Fi 7 Deal

LG Innotek shares surged to an all-time high on Wednesday, fueled by strong investor confidence following the companys latest automotive supply agreement with a European partner. The Seoul-listed stock (KS:011070) climbed...

Samsung Boosts DRAM Supply to Tesla as AI-Driven Memory Demand Surges

Samsung Electronics Co Ltd (KS:005930) has significantly increased its monthly DRAM shipments to Tesla Inc (NASDAQ:TSLA), reflecting the growing demand for advanced memory solutions in electric vehicles and artificial...

SpaceX Eyes $60B Cursor Deal to Boost AI Power Ahead of IPO

Elon Musks SpaceX has announced plans to collaborate with AI coding startup Cursor, with the option to acquire the company later this year in a deal valued at $60 billion. The aerospace giant also revealed an alternative...