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India's Q3 growth likely to come in above 7 pct, Q4 GDP to suffer on demonetization

Nov 28, 2016 12:41 pm UTC| Commentary Economy

The third quarter economic growth of India is expected to breach the 7 percent waterline, wile gross domestic product in the last quarter of the year will suffer a temporary setback, owing to effects of...

Sweden’s industry investments likely to decline in 2016, survey shows

Nov 28, 2016 12:32 pm UTC| Commentary Economy

According to Statistics Swedens latest investment survey, investment in the industrial sector is expected to decrease by 3 percent in 2016. Industrial enterprises report a modest forecast for 2017, in which investments are...

Sweden registers trade deficit in October following reduced shipments to EU

Nov 28, 2016 12:10 pm UTC| Commentary Economy

Sweden registered a trade deficit during the month of October, following reduced shipments to the European Union, while those to non-EU states rose during the same period. In October 2016, Swedish exports of goods...

Central Banking Series

Eurozone money supply growth slows down ahead of ECB's Dec 8 meeting, may add pressure for more action

Nov 28, 2016 12:07 pm UTC| Economy Central Banks Commentary

Data released by the European Central Bank on Monday showed that Eurozone money supply expanded at a slower pace, while private sector credit growth improved in October. October annual M3 money supply growth rose 4.4...

Fundamentals to watch out for this week

Nov 28, 2016 11:52 am UTC| Commentary Economy Central Banks

This week is extremely risk heavy and the focus is on the OPEC meeting on Wednesday. What to watch for over the coming days: Central banks: The European Central Bank (ECB) is set to draw all the attention...

Consumer prices in Thailand likely to rise in 2017; BoT to maintain steady policy stance

Nov 28, 2016 11:24 am UTC| Commentary Economy

Consumer prices in Thailand are expected to rise during the course of next year, compared to projections of this year. Thailands headline and core inflation are set to come in at 0.8and 1.0 percent respectively in...

China industrial profits recover in October amid steady economic growth

Nov 28, 2016 10:46 am UTC| Commentary Economy

Industrial profits in China recovered during the first ten months of this year, amid an environment of steady economic growth and revival in producer price inflation. Chinas industrial profits rose 9.8 percent in...

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Economy

FxWirePro- Major Economic events for the day

Time (GMT) Currency Economic Indicator Actual Forecast Previous 7:00 AM EUR German GfK Consumer...

CPI Update: Australia's Inflation Falls to 2.1%, Impacts on the AUD

Australias annual inflation rate for September 2024 stands at 2.1%, down from 2.7% in August, indicating the lowest inflation increase since July 2021. This decline is largely due to significant decreases in electricity...

Down But Not Out: RBNZ Cuts Interest Rates to Stimulate Growth

Economic Situation: The Reserve Bank of New Zealand (RBNZ) has lowered the Official Cash Rate (OCR) by 50 basis points, reducing it from 4.75% to 4.25%. This decision aims to tackle a slowing economy and falling inflation...

$7,500 EV Tax Credit at Risk: California Challenges Trump With New Statewide Rebate Proposal

As President-elect Donald Trump eyes eliminating federal EV tax credits, California Governor Gavin Newsom proposes a $7,500 state rebate to protect clean transportation efforts and keep zero-emissions vehicles affordable...

Kia and Hyundai Unshaken as BYD Sets 2025 South Korea Launch in Competitive EV Market

As BYD prepares to enter South Koreas EV market in 2025, Kia and Hyundai show no signs of concern. Experts highlight that tariffs, subsidy issues, and local consumer preferences make it challenging for BYD to compete with...

Politics

Border Sheriffs Sound the Alarm: 'Trump's Mass Deportation Plan Faces Resistance and Urgent Resource Gaps'

President-elect Donald Trumps proposed mass deportation plan has drawn mixed reactions from Texas border sheriffs, who say they lack the necessary resources to enforce the sweeping immigration policies. During his...

Ex-FBI Informant Indicted on Tax Evasion After Explosive Biden Allegations Spark Controversy

Former FBI informant Alexander Smirnov, who previously accused President Joe Bidens family of being involved in a multimillion-dollar bribery scheme, now faces federal tax evasion charges. The new indictment, unsealed this...

Jack Smith Pushes for Power Restoration After Closing Trump Cases: ‘Constitutionality at Stake!’

Special counsel Jack Smith, despite dropping two high-profile federal cases against President-elect Donald Trump, is making a bold move to restore his authority. On Tuesday, Smith filed a 50-page reply brief with the 11th...

Adam Schiff Questions Trump AG Pick, Sparking ‘Targeted Revenge’ Fears in Grand Jury Indictments

California Representative and Senator-elect Adam Schiff voiced concerns on Tuesday over the potential actions of President-elect Donald Trumps attorney general nominee, Pam Bondi. During an MSNBC interview, Schiff...

Science

From using plant rinds to high-tech materials, bike helmets have improved significantly over the past 2 centuries

Imagine its the mid-1800s, and youre riding your high-wheeled, penny-farthing bicycle down a dusty road. Sure, it may have some bumps, but if you lose your balance, youre landing on a relatively soft dirt road. But as the...

Why does everything look flat even though the Earth is round?

Ever since the ancient Greeks first made observations of the circular Moon and the skies, scientists have known that the Earth is a sphere. Weve all seen beautiful images of the Earth from space, some photographed by...

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Technology

Tesla Exclusion from EV Tax Credit Proposal Blasted by Congressman as Musk Slams California's 'Insane' Plan

Californias proposed EV tax credit plan has sparked outrage, with Tesla excluded despite being the states only EV manufacturer. Congressman Ro Khanna and Elon Musk have condemned the decision, calling it harmful to local...

Google's DOJ Trial On Schedule: US Judge Rejects Delay Amid Trump Administration Shift

A US judge declined to postpone the Department of Justices antitrust trial against Google, slated for April, despite potential policy shifts under President Trumps administration. The DOJ alleges Googles illegal monopoly...

OpenAI's Sora Sparks Artist Backlash: 'We’re Not Free Bug Testers for Billion-Dollar Brands'

OpenAIs early access program for Sora, a generative AI tool marketed as a creative partner for artists, is facing severe criticism. Artists participating in the program allege that the initiative prioritizes corporate...

Tesla Out of California’s EV Tax Credit Plan? Shocking Exclusion Sparks Debate Over Federal and State Policies

Californias new EV tax credit proposal may exclude Tesla, despite its dominance in the electric vehicle market. Governor Gavin Newsom suggests the move would encourage competition, as federal subsidy changes loom under...
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