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JPY/KRW cross likely to trade lower towards 9.60, rebound if U.S. Treasury sell-off rattles stock markets: Scotiabank

May 22, 2018 05:20 am UTC| Commentary Economy

The JPY/KRW currency cross is expected to trade lower towards 9.60 over the near-term as rising 10-year U.S. Treasury yield would undermine the Japanese yen more should the VIX stay contained. The South Korean exporters...

Australian 10-year bond yield dips to 1-week low ahead of RBA Governor Lowe’s speech

May 22, 2018 04:44 am UTC| Commentary Economy

Australian government bonds ralliedon Tuesdayas investors do not expect any hint on interest rate hike from the Reserve Bank of Australia (RBA) Governor Philip Lowe in hisMay 23speech. Following dovish sentiment, the...

Hong Kong’s headline inflation slows in April, inflationary pressures likely to go up in 2018

May 21, 2018 19:56 pm UTC| Commentary Economy

Hong Kongs headline consumer price inflation rose 1.9 percent year-on-year in April, a slowdown from 2.6 percent seen in the prior month, showed the Census and Statistics Department. Netting out the effects of all...

New Zealand retail sales rise below expectations in Q1, consumption growth likely to moderate

May 21, 2018 13:52 pm UTC| Commentary Economy

New Zealand retail sales volumes came in softer than anticipated in the first quarter of 2018. The retail sales volumes grew just 0.1 percent sequentially, as compared with market projections of 1 percent. The figure for...

U.S. Treasuries suffer ahead of FOMC speeches, April monetary policy meeting minutes

May 21, 2018 11:05 am UTC| Commentary Economy

The U.S. Treasuries remained lower Monday ahead of the Federal Open Market Committees (FOMC) members Bostic, Harker and Kashkaris speech scheduled for today at 12:15GMT, 14:05GMT and 17:30GMT respectively. The yield on...

UK gilts mixed in muted trading ahead of BoE Governor Carney’s speech, April consumer price inflation

May 21, 2018 09:28 am UTC| Commentary Economy

The UK gilts remained mixed Monday in a muted trading session ahead of Bank of England (BoE) Governor Mark Carneys speech, scheduled to be held on May 22 and consumer price inflation (CPI) data for the month of April, due...

Thailand Q1 GDP growth beats market expectations, fails to accompany rising inflationary pressures

May 21, 2018 08:32 am UTC| Commentary Economy

Thailands gross domestic product (GDP) for the first quarter of this year significantly outperformed the markets expectations. It increased 4.8 percent y/y (2.0 percent q/q sa). The quarterly rise was the fastest since Q4...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

The United States and India have taken a significant step toward a long-anticipated bilateral trade agreement by releasing an interim trade framework aimed at lowering tariffs, reshaping energy ties, and strengthening...

Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

U.S. stocks surged on Friday, posting their strongest session since May 2025, as investors regained confidence following a turbulent week marked by sharp losses in technology shares and uncertainty around the artificial...

Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....