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Oil in Global Economy Series: Trump maintains pressure on Saudi Arabia as OPEC meets to discuss supply cuts

Dec 06, 2018 11:19 am UTC| Commentary

President Trump is constantly maintaining pressure on Americas Middle East ally Saudi Arabia against taking actions that would propel the oil prices significantly higher, as Saudi Arabia-led OPEC group is meeting at the...

U.S. Treasuries surge ahead of November ADP non-farm employment, Fed Chair Powell’s speech

Dec 06, 2018 11:17 am UTC| Commentary Economy

The U.S. Treasuries surged during late afternoon session Thursday ahead of the countrys ADP non-farm employment change for the month of November, scheduled to be released today by 13:15GMT. Besides, the initial jobless...

German bunds climb in silent trading hours ahead of Eurozone Q3 GDP

Dec 06, 2018 09:54 am UTC| Commentary Economy

The German bunds climbed during European session Thursday amid silent trading hours as investors wait to watch the Eurozones gross domestic product (GDP) for the third quarter of this year, scheduled to be released on...

Global geopolitical Series: Two-day OPEC meeting kicks off in Vienna

Dec 06, 2018 09:35 am UTC| Commentary

The much anticipated two-day OPEC meeting has started in Vienna, with energy ministers from all member countries including Qatar, which has recently announced its membership withdrawal from the group, have...

USD/INR likely to track oil prices in near-term; RBI seen on hold till H1 2019: Commerzbank

Dec 06, 2018 09:00 am UTC| Commentary Economy

The USD/INR currency pair is expected to track oil prices in the near-term, with the Reserve Bank of India (RBI) seen to maintain its policy stance and keep policy rate on hold into H1 2019, given the upcoming federal...

Global Geopolitical Series: Huawei CFO arrest triggers renewed trade war fear

Dec 06, 2018 07:56 am UTC| Commentary Economy

Global stock markets suffered another round of selloffs on Thursday, as an arrest of Chief Financial Officer (CFO) of Chinese telecom giant Huawei in Canada triggered concerns over the recent trade truce. The United States...

Australia’s October trade balance deteriorates on improvements in imports of capital and intermediate goods

Dec 06, 2018 07:21 am UTC| Commentary Economy

Australias trade balance for the month of October deteriorated, owing to improvements in imports of capital goods and intermediate goods, which is consistent with the solid pipeline of business investment and government...

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Economy

German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas

Germanys automotive suppliers are becoming increasingly pessimistic about the industrys outlook, with more companies expecting business conditions to worsen over the next 12 months than those anticipating improvement. A...

Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details

Most Asian currencies traded in a narrow range on Wednesday, while the U.S. dollar remained stable as investors awaited further details on a potential U.S.-Iran peace agreement and the outcome of the Federal Reserves...

Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening

Global oil prices edged lower on Wednesday, extending losses from the previous two sessions as investors continued to evaluate the impact of a newly announced U.S.-Iran peace agreement. However, uncertainty surrounding the...

Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision

Asian stock markets mostly moved higher on Wednesday, led by gains in Japan and Singapore, as investors awaited the U.S. Federal Reserves latest policy decision. Strong performance in technology and semiconductor stocks...

ASX Proposes New Share Dilution Limits for Public Takeovers

The Australian Securities Exchange (ASX) has unveiled significant proposed reforms aimed at strengthening shareholder protections and limiting share dilution during public takeovers and mergers. Under the draft rules...

Politics

Jamaica in Talks With U.S. to Accept Third-Country Deportees Under New Migration Agreement

Jamaica is negotiating a new migration agreement with the United States that would allow the Caribbean nation to temporarily receive third-country migrants deported by U.S. authorities, according to Deputy Prime Minister...

Trump Criticizes Israel's Lebanon Strikes, Urges Greater Civilian Protection

U.S. President Donald Trump publicly criticized Israels military operations in Lebanon, questioning the necessity of destroying entire apartment buildings while targeting Hezbollah militants. Speaking during the G7 summit...

Russian Strikes Kill Four in Eastern and Southeastern Ukraine, Trigger Fires and Damage

Russian attacks on cities in eastern and southeastern Ukraine killed at least four people and injured several others late Tuesday, according to local officials and prosecutors. The latest wave of strikes highlights the...

Brazil Supreme Court Convicts Eduardo Bolsonaro Over U.S. Lobbying Efforts

Brazils Supreme Court has convicted Eduardo Bolsonaro, the son of former Brazilian President Jair Bolsonaro, for seeking foreign interference in legal proceedings involving his father. In a unanimous decision on Tuesday, a...

US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions

The United States and Iran have reached an interim agreement aimed at extending peace efforts in the Middle East and reducing tensions following months of conflict. U.S. President Donald Trump confirmed that the deal...

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

Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation

Chinese social media platform Xiaohongshu, internationally known as RedNote, is reportedly preparing for a Hong Kong initial public offering (IPO) that could value the company at more than $70 billion. According to a Wall...

Samsung Gains Interest from BYD, Google, AMD as AI Chip Demand Strains TSMC Capacity

Samsung Electronics is attracting growing attention from major global technology companies as demand for advanced semiconductor manufacturing continues to exceed available capacity at Taiwan Semiconductor Manufacturing Co....

Kingboard Holdings Shares Surge After HK$11.77 Billion Block Trade to Expand PCB and AI Supply Chain Business

Kingboard Holdings Ltd. (HK:0148), one of Chinas leading circuit board and laminate manufacturers, announced on Wednesday that its subsidiary, Kingboard Laminates Holdings Ltd. (HK:1888), has entered into a block trade...

SoftBank Shares Drop as OpenAI Losses and Rising Costs Spark Investor Concerns

SoftBank Group Corp. (TYO: 9984) shares fell sharply on Wednesday after new reports highlighted growing concerns about OpenAIs financial performance and increasing cash burn, raising questions about the value of SoftBanks...

G7 Explores AI Access Deal With U.S. Amid Anthropic Restrictions

Leaders of the Group of Seven (G7) nations are discussing a proposal that could give selected trusted partners access to advanced artificial intelligence models developed by U.S. companies such as Anthropic, according to...