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Wed, Apr 24, 2024 02:55 PM All times are UTC

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U.S. retail sales likely to have grown in September

Oct 15, 2020 18:00 pm UTC| Commentary

U.S. retail sales data for the month of September is set to release tomorrow. According to a TD Economics research report, retail sales are expected to have seen a widespread acceleration in the month, even with employment...

U.S. imported inflation continues to rise in September

Oct 15, 2020 16:51 pm UTC| Commentary

U.S. import prices rose 0.3 percent sequentially in September, with the rate of rises moderating slightly after four straight months of brisk monthly inflation. Imported petroleum prices dropped sharply in September after...

Canadian home sales rise sequentially in September

Oct 15, 2020 15:37 pm UTC| Commentary

Canadian home sales rose 0.9 percent sequentially in September. Canadian average home prices also set a record in September, rising 0.4 percent to an all-time high of CAD 604,000. Sales activity came in mixed throughout...

U.S. weekly initial jobless claims rise unexpectedly

Oct 15, 2020 14:17 pm UTC| Commentary

U.S. regular initial jobless claims rose unexpectedly in the week ended 9th October. Claims rose to 898k. However, new claims under the PUA program dropped. The risk of the labor markets rebound going into reverse was...

Swedish jobless rate falls slightly in September, rate cuts seems likely

Oct 15, 2020 12:10 pm UTC| Commentary

Swedish unemployment continued to fall in September, coming in line with consensus expectations. The labor market had bottomed out in June, which might compel the central bank to revise their view on the rebound. The...

Gold eases as dollar steadies amid fading stimulus hopes

Oct 15, 2020 07:59 am UTC| Commentary

Gold prices declined, weighed down by a steady dollar and fading chances of a new U.S. fiscal stimulus package being finalised before the November elections. Spot gold was trading 0.2 percent down at $1,898.29 per ounce...

Gold off near 1-week low as vaccine trials, stimulus talks stall

Oct 14, 2020 07:49 am UTC| Commentary

Gold prices steadied after tumbling to a near 1-week low earlier in the session as lack of an agreement on additional U.S. fiscal stimulus helped the dollar stay firm. Spot gold was trading 0.2 percent higher at...

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Economy

The yen plunges to 34-year low despite interest rate hike

The Bank of Japan (BoJ) raised interest rates for the first time in 17 years on March 19, bringing an era of negative interest rates to an end. The key rate was hiked from 0.1% to a band from zero to 0.1% a token effort...

The idea that US interest rates will stay higher for longer is probably wrong

The 0.4% rise in US consumer prices in March didnt look like headline news. It was the same as the February increase, and the year-on-year rise of 3.5% is still sharply down from 5% a year ago. All the same, this modest...

Impact of Iran-Israel conflict on Stocks, Gold and Bitcoin

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation,...

Japan Posts 7.7% Growth in Machinery Orders

In a striking development that looks set to invigorate Japans economic prospects, a key gauge of capital spending in the country has seen its most significant jump in over a year. According to Cabinet Office data released...

Why Africa can be the beating heart of South Korea’s technology industry

Tshepo Ncube, Head: International Coverage and Bhavtik Vallabhjee, Head: Power, Utilities Infrastructure at Absa CIB reflect on their recent visit to South Korea, examining why investors in the region have their eyes set...

Politics

US Commerce Secretary Asserts Huawei Chip Lag, Affirms Export Control Success

In an interview on CBS News 60 Minutes, Commerce Secretary Gina Raimondo stated that the latest Huawei Mate 60 Pro phones chip remains significantly behind U.S. technology despite being the most advanced from China. She...

The Alberta government is interfering in public sector bargaining on an unprecedented scale

In the coming months, over 200,000 public sector workers in Alberta will begin bargaining with their employers for new contracts. The most recent agreements expired in March and, after many years of high inflation and few...

Putin’s Russia: first arrests under new anti-LGBT laws mark new era of repression

Just over three decades after Russia decriminalised homosexuality in 1993, three people have been arrested and charged under the countrys harsh new anti-LGBT laws and could face ten years in prison for membership of an...

Nvidia RTX 4090D Embroiled in US-China Tech Rivalry; South Korea Navigates Chip Export Dilemma

The U.S. government has tightened export restrictions on high-performance semiconductor chips to China, including the Nvidia RTX 4090D, and is urging South Korea to enforce similar curbs, marking a significant escalation...

Canada needs a national strategy for homeless refugee claimants

One year after the federal government closed Roxham Road, refugee claims in Canada continue to increase: there were 143,785 in 2023 compared to 91,730 in 2022. The surprise announcement in March 2023 to modify Canadas...

Science

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

Technology

Mercedes Launches 2025 G-Class Electric with Four Motors and Revolutionary Tank Turns

Mercedes-Benz revealed the 2025 G-Class electric model, the G580 with EQ technology, in Beverly Hills. It boasts four motors and an innovative tank turn capability, setting a new benchmark in luxury electric...

U.S. Prosecutors Demand Three Years for Former Binance CEO Zhao Over Laundering

In a stern move reflecting the severity of financial crimes, U.S. prosecutors have recommended a 36-month prison sentence for Changpeng Zhao, the former CEO of cryptocurrency giant Binance, for aiding in money laundering...

Asahi Kasei to Build EV Battery Plant in Canada to Supply Key Parts to Honda Motor

Asahi Kasei Corporation, a chemical company based in Japan, announced it will build a new production plant in Canada where it will make parts for electric vehicle batteries. The company will then supply critical materials...

SK Networks Sets Up AI Research Lab in Silicon Valley

SK Networks established its own AI research center in the United States. The lab was inaugurated in Silicon Valley, California, on Tuesday, April 23. The site will become SK Networks AI base outside of South Korea. The...

Huawei Introduces Smart Driving Software Brand Qiankun

Huawei Technologies Co., Ltd. introduced its new smart driving software brand, Qiankun. The launch boosted Huaweis efforts to become a major name in the electric vehicle sector. Huaweis New Software Brand Huaweis new...