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More fiscal news to come from Brazil

May 18, 2015 10:51 am UTC| Commentary

The week in Brazil should start focused on the cut in expenditures that the government should announce by Thursday; local news sources say that thegovernment will have a meeting this Sunday to discuss a cut of up to...

Lowest decline in US drilling activity since December 2014

May 18, 2015 10:49 am UTC| Commentary

Brent has climbed to just shy of $68 per barrel this morning despite a firmer US dollar and is thus nearing the high it achieved mid-last week. Fighting inIraq and Syria is being blamed for the price surge.Speculative...

India imported more than 100 tons of gold in April for the second month in a row

May 18, 2015 10:45 am UTC| Commentary

Gold has risen to a good $1,230 per troy ounce at the start of the new week of trading and has thus achieved a new three-month high.Silver is likewise priced noticeably firmer at $17.8 per troy ounce, its highest level...

US April headline and core CPI to post gains

May 18, 2015 10:42 am UTC| Commentary

Mar CPI rose 0.2%. Food prices posted a rare fall in March, offsetting some of the 1.1% rise in energy prices (3.9% rise in gasoline). The core CPI was also up 0.2%, with a further rise in clothing, autos and other...

Taiwan' export orders likely declined; current account surplus at record high

May 18, 2015 07:55 am UTC| Commentary

Taiwan is scheduled to release April export orders and Q1 current account (C/A) data on 20 May.The C/A surplus reached a record USD 21bn, boosted by a strong trade surplus. Rising tourist arrivals likely also boosted the...

Thailand's Q1 GDP slower than expected

May 18, 2015 07:46 am UTC| Commentary

Thailands Q1 GDP came in weaker than the expectations, slowing to 0.3% q/q sa (consensus: -0.6%), a marked deceleration from the downwardly-revisedQ4 print of 1.1% q/q sa (previously: 1.7%).On a y/y basis, growth picked up...

Japan's Q1 GDP growth likely to have been slightly higher than in Q4

May 18, 2015 07:42 am UTC| Commentary

Japan will release preliminary Q1 GDP numbers on 20 May. The Q1 GDP growth of 0.5% q/q is expected on a seasonally adjusted basis, or 2.3% q/q annualised. Consensus is lower, at 1.6% q/q annualised growth - a soft reading...

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Economy

Asian Stocks Rally as Trump Signals Iran Peace Deal; Tech and Chip Shares Rebound Strongly

Asian stock markets surged on Friday after U.S. President Donald Trump indicated that a peace agreement with Iran could be finalized soon, boosting investor confidence and driving a broad rally across regional equities....

Japan Core Inflation Seen Steady in May Ahead of BOJ Rate Hike

Japans core inflation rate likely remained unchanged in May, signaling that price pressures are still below the Bank of Japans (BOJ) 2% target despite rising energy costs and expectations of further monetary tightening....

Gold Prices Slide Toward Second Weekly Loss as Fed Rate Hike Expectations Weigh on Market

Gold prices declined on Friday, marking their second straight weekly loss as investors reacted to persistent U.S. inflation concerns and growing expectations that the Federal Reserve could raise interest rates later this...

Trump Signals Possible U.S.-Iran Peace Deal as Hormuz Reopening Nears

U.S. President Donald Trump announced that the United States and Iran could finalize a peace agreement as early as this weekend, potentially reopening the strategically important Strait of Hormuz and marking a major...

US Appeals Court Keeps Trump’s 10% Global Tariff in Effect During Ongoing Legal Battle

A U.S. federal appeals court has extended its temporary stay on a lower court ruling that challenged the Trump administrations 10% global tariff imposed under Section 122 of the Trade Act of 1974. The decision allows the...

Politics

DOJ Sues Virginia Over Law Enforcement Mask Ban

The U.S. Department of Justice (DOJ) has filed a lawsuit against the state of Virginia, challenging a recently enacted law that restricts law enforcement officers from wearing face coverings while carrying out official...

Lebanon Resists Iran Pressure as Israel-Hezbollah Ceasefire Talks Stall

Lebanon is pushing ahead with diplomatic efforts to end the conflict with Israel despite growing pressure from Iran, which is seeking to preserve its influence in the country through Hezbollah. As ceasefire negotiations...

Trump Nominates Jay Clayton as DNI Amid FISA Surveillance Dispute

President Donald Trump has nominated Jay Clayton, the current U.S. Attorney for the Southern District of New York, to serve as the next Director of National Intelligence (DNI), a move that comes amid growing political...

Peru Election 2026: Fujimori Holds Narrow Lead as Contested Votes Face Review

Perus presidential election remains too close to call as electoral authorities begin reviewing hundreds of thousands of contested ballots, with conservative candidate Keiko Fujimori holding a razor-thin lead over leftist...

Trump Administration Plans Deportation of Iranian Migrants to Central African Republic Under New Third-Country Deal

The Trump administration is preparing to deport a group of Iranian migrants, along with nationals from several other countries, to the Central African Republic (CAR) under a controversial third-country deportation...

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

EngineAI Files for Hong Kong IPO Amid Rising Demand for AI and Robotics Stocks

Chinese humanoid robotics startup EngineAI has reportedly confidentially filed for an initial public offering (IPO) in Hong Kong, seeking to capitalize on growing investor interest in artificial intelligence (AI) and...

Adobe Beats Q2 2026 Estimates, Raises Full-Year Outlook as AI Revenue Surges Despite Stock Drop

Adobe (NASDAQ: ADBE) delivered stronger-than-expected fiscal second-quarter 2026 results, surpassing Wall Street forecasts on both revenue and earnings while raising its full-year guidance. The software giant also reported...

SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion

SpaceX has officially made history after pricing its highly anticipated initial public offering (IPO) at $135 per share, raising an unprecedented $75 billion and becoming the largest IPO ever completed in the United...

Astera Labs and Rocket Lab Surge After Nasdaq-100 Inclusion Announcement

Shares of Astera Labs (NASDAQ: ALAB) and Rocket Lab (NASDAQ: RKLB) climbed sharply in after-hours trading on Thursday after Nasdaq confirmed both companies will be added to the prestigious Nasdaq-100 Index during its June...

SK Hynix Stock Rebounds as AI Memory Chip Demand Fuels Expansion Plans

SK Hynix shares recovered from early losses on Thursday after reports revealed the companys ambitious plan to significantly expand its wafer production capacity over the next decade. The South Korean memory chip...
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