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Australian dollar to weaken to US$0.70 by December: Capital Economics

Mar 03, 2015 19:09 pm UTC| Commentary

Quotes from Capital Economics:- The differential between Australian and US interest rates could shrink quite fast. In the past, this has typically been associated with a weaker Australian dollar. At face value, the...

Interest rates in Australia are likely to decline to 1.5% this year: Capital Economics

Mar 03, 2015 19:01 pm UTC| Commentary

Quotes from Capital Economics:- Unsurprisingly, the Australian dollar rose after RBA decided on Tuesday not to follow Februarys cut with another in March, leaving rates at 2.25%.- It seems likely that the RBA was concerned...

EZ retail sales may have risen for the fourth consecutive month in Jan: Capital Economics

Mar 03, 2015 18:50 pm UTC| Commentary

Quotes from Capital Economics:- Euro-zone retail sales (10.00 GMT) may have risen for the fourth consecutive month in January.- Admittedly, after decent monthly rises throughout Q4, there is a clear risk that retail sales...

Franc’s surge could weigh on Swiss GDP growth before long: Capital Economics

Mar 03, 2015 18:42 pm UTC| Commentary

Quotes from Capital Economics:- The Swiss economy posted a healthy 0.6% expansion in Q4, with both net exports and domestic demand continuing to rise. (Data released on Tuesday.)- But the francs surge since the removal of...

Canada's GDP growth was driven principally by a pick-up in inventory accumulation: Capital Economics

Mar 03, 2015 18:36 pm UTC| Commentary

Quotes from Capital Economics:- The 2.4% annualised gain in Canadian fourth-quarter GDP (released on Tuesday) looks encouraging enough. It means the Canadian economy expanded at a slightly faster pace than the US (2.2%)...

Current low oil scenario is not a blip: Voya Global Perspectives

Mar 03, 2015 18:28 pm UTC| Commentary

Quotes from Voya Global Perspectives:- US auto sales are up in February but are coming in shy of expectations. Surely the harsh winter weather is a factor, especially in the Northeast. But consumers generally still dont...

Gains in Copper are corrective and temporary: BofA Merrill Lynch

Mar 03, 2015 18:21 pm UTC| Commentary

Quotes from BofA Merrill Lynch:- Since late Jan, Copper has been correcting higher. Now, with daily RSI rolling over from overbought, we look for a top in the confluence of resistance between 5864/6051and a resumption of...

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Economy

Trump Secures Russian Diesel Deal as US Fuel Prices Surge

US President Donald Trump announced Friday that Russia had agreed to immediately supply diesel to American and global markets, aiming to ease soaring fuel prices ahead of the November 3 midterm elections. However, energy...

Gold Prices Hit One-Week High as Oil Falls, Fed Rate Outlook Weighed

Gold prices climbed for a second consecutive session on Friday, reaching a one-week high as declining oil prices strengthened demand for the precious metal. Investors also assessed the Federal Reserves interest rate...

US Dollar Rises for Fourth Week as Fed Rate Hike Bets Grow

The U.S. dollar extended its winning streak to four consecutive weeks, supported by expectations of additional Federal Reserve interest rate hikes and growing concerns over Europes fiscal stability. Meanwhile, the euro...

Oil Prices Slip as Trump Rules Out Iran Strike Before Midterms

Oil prices edged lower on Friday after U.S. President Donald Trump said Washington would not launch military strikes against Iran before the November midterm elections, easing concerns over potential disruptions to Middle...

Asian Stocks Mixed as OpenAI Revenue Concerns Hit Chipmakers

Asian stock markets traded unevenly on Friday as semiconductor shares declined following fresh concerns about OpenAIs revenue outlook, while rising oil prices and volatile bond markets weighed on investor sentiment. The...

Politics

Flydubai Co-Pilot Planned Suicide Attack on Israel Airport, UAE Says

An Omani flydubai co-pilot allegedly planned to hijack a Dubai-Tel Aviv flight and crash the aircraft into a terminal at Israels Ben Gurion Airport in a suicide attack on September 30, according to UAE prosecutors. UAE...

Trump Sanctions International Criminal Court, Sparking EU Backlash

US President Donald Trumps administration imposed sweeping sanctions on the International Criminal Court (ICC) on Friday, escalating tensions with European allies and raising concerns over the future of international...

JD Vance Questions Pentagon Plan to Livestream Fort Hood Shooter’s Execution

US Vice President JD Vance expressed uncertainty Friday over the Pentagons controversial plan to livestream the execution of Nidal Hasan, the former Army psychiatrist convicted of killing 13 people in the 2009 Fort Hood...

Trump Cancels Alabama Football Trip as Hurricane Isaias Approaches

US President Donald Trump canceled his planned visit to Alabama on Saturday to attend a highly anticipated college football game between Georgia and Alabama, citing safety concerns as Hurricane Isaias approaches the Gulf...

Zelenskiy Slams US-Russia Diesel Deal as Funding War

Ukrainian President Volodymyr Zelenskiy has strongly criticized a new US-Russia diesel supply agreement, warning that the deal could provide Moscow with additional financial resources to sustain its ongoing war against...

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

Robinhood Chain Eyes Priority Gas Auctions for Faster Trades

Robinhood Chain, the Ethereum Layer-2 blockchain designed for tokenized real-world assets (RWAs), is reportedly considering a new transaction-ordering system that would allow traders to pay additional fees for faster trade...

Zcash Plans Quantum-Resistant Security Upgrade for January

Zcash (ZEC) developers are preparing to introduce quantum-resistant security features in January 2027, aiming to protect cryptocurrency wallets against potential threats from advanced quantum computing and artificial...

Apple Cuts iPhone 18 Pro Production Orders Amid Weak Demand

Apple Inc. (NASDAQ: AAPL) has reportedly instructed several suppliers to reduce component production for its newly released iPhone 18 Pro and iPhone 18 Pro Max, signaling potential challenges for the companys latest...

OpenAI Revenue Hits $50 Billion, Below Earlier $70 Billion Estimate

OpenAI has informed investors that its annualized revenue reached nearly $50 billion in September, significantly below the $70 billion previously indicated, according to a Reuters report on Thursday. The revised figure...

Trump Buys Up to $25M in Meta Stock, Invests in SpaceX Debt

Meta Platforms (NASDAQ: META) shares briefly climbed more than 1% after President Donald Trumps latest financial disclosure revealed a stock purchase worth up to $25 million. The shares later trimmed their gains as...