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Chinese GDP growth slows further in Q2 2019, PBoC to continue to adopt targeted policy to support growth

Jul 15, 2019 11:24 am UTC| Commentary Economy

Chinese economic growth decelerated in the second quarter of 2019. On a year-on-year basis, the GDP growth eased to 6.2 percent from first quarters 6.4 percent, coming in line with consensus expectations. On a...

UK gilts surge ahead of May labour market data, BoE Governor’s speech

Jul 15, 2019 10:13 am UTC| Commentary Economy

The United Kingdoms gilts surged during European trading session Monday as investors wait to watch the countrys labour market data for the month of May, scheduled to be released on July 16 by 08:30GMT and the Bank of...

German bunds jump ahead of July ZEW economic sentiment data, Eurozone June CPI

Jul 15, 2019 09:45 am UTC| Commentary Economy

The German bunds jumped during European session Monday ahead of the countrys ZEW economic sentiment data for the month of July, scheduled to be released on July 16 by 09:00GMT and eurozones consumer price inflation (CPI)...

China’s June commodities imports show softer tinge amid slowing economic growth fear, says ANZ Research

Jul 15, 2019 09:24 am UTC| Commentary Economy

Chinas commodities imports for June have shown a softer tinge amid slowing economic growth fear. Imports in H1 2019 still signalled firmer demand for some of the commodities. Although Chinese stimulatory measures is...

USD/TRY likely to jump to 7.00 as soon as inflation starts to disappoint again in Q4, says Commerzbank

Jul 15, 2019 07:31 am UTC| Commentary Economy

The USD/TRY currency pair is expected to jump to 7.00 as soon as inflation data begin to disappoint again in the fourth quarter of this year, according to the latest research report from Commerzbank. The lira may appear...

BoK likely to keep policy rate steady, to follow Fed’s footprints as expected: Scotiabank

Jul 15, 2019 05:29 am UTC| Commentary Central Banks Economy

The Bank of Korea (BoK) is expected to keep its policy rate steady at 1.75 percenton Thursday morning. Meanwhile, the South Korean central bank is expected to follow suit on August 30 to spur economic growth, if the Fed...

Australian bonds flat in muted trading day ahead of RBA July meeting minutes, June employment data

Jul 15, 2019 03:33 am UTC| Commentary Economy

Australian government bonds remained flat during Asian session of the first trading day of the week Monday, amid a muted session ahead of the Reserve Bank of Australias (RBA) July monetary policy meeting minutes, scheduled...

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Economy

Supertanker Orders Surge as US-Iran War Reshapes Oil Trade

Shipowners are ordering supertankers at the fastest pace in at least 25 years as the US-Iran war disrupts traditional oil routes and increases demand for long-distance crude shipments. Signal Group data shows 217 Very...

Yemen Fighting Threatens Red Sea Oil Routes

Escalating fighting in Yemen is forcing civilians to flee across the Red Sea while raising fresh concerns over global oil supplies as the wider Middle East conflict spreads to critical energy routes. More than 100,000...

European Stocks Rally After Fed Hike, Iran Peace Hopes

European stocks rallied on Thursday as investors welcomed the Federal Reserves first interest rate increase in more than three years while signs of potential diplomatic progress in the Middle East boosted market sentiment....

US Stock Futures Rally as Markets Digest Fed Rate Hike

U.S. stock futures climbed sharply on Thursday as investors reassessed the Federal Reserves first interest rate increase in more than three years and Treasury yields retreated from recent highs. SP 500 and Dow Jones...

East Germany Narrows Economic Gap With West but Wealth Divide Persists

More than three decades after German reunification, the economy of former East Germany has made major progress toward matching the west, particularly in employment and household income. However, significant differences...

Politics

Japan, U.S. Discuss $19 Billion GlobalFoundries Chip Plant

Japan and the United States are discussing plans to build a major semiconductor factory under their $550 billion investment agreement, with GlobalFoundries Inc. potentially operating the facility, according to a report...

Trump Threatens EU Tariffs Over Canada Membership Proposal

U.S. President Donald Trump has threatened to impose steep tariffs on the European Union if Brussels moves ahead with a proposal to make Canada the blocs first associate member, raising the prospect of renewed trade...

ICE Agent Arrested in Minneapolis Over Venezuelan Man Shooting

A federal immigration officer accused of shooting and wounding a Venezuelan man during a Minneapolis immigration operation was arrested Wednesday, eight months after the incident became a focal point of controversy...

Paris Talks Focus on Lebanon Army Needs as UNIFIL Exit Looms

European and Arab military chiefs are set to meet in Paris on Thursday to assess the Lebanese Armed Forces military and financial needs as concerns grow over the planned withdrawal of U.N. peacekeepers and the risk of...

US-China Experts Push AI Nuclear Safeguards to Prevent Military Escalation

U.S. and Chinese security experts are calling for stronger safeguards on military artificial intelligence, warning that autonomous AI systems could trigger a dangerous escalation between the two nuclear powers if their...

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

France Urges Faster AI Push Despite Safety Risks

French Finance Minister Roland Lescure has pushed back against calls to slow artificial intelligence development, arguing that such proposals could benefit U.S. technology leaders while making it harder for France and...

Guterres Urges Stronger Global AI Safeguards Ahead of UN Assembly

United Nations Secretary-General Antonio Guterres warned world leaders on Wednesday that the rapid development of artificial intelligence carries significant risks that governments cannot afford to overlook, highlighting a...

Databricks to Invest $350 Million in Singapore AI Expansion

Databricks plans to invest more than $350 million in Singapore over the next three years, expanding its presence in the city-state as demand rises for its data and artificial intelligence products. The privately held data...

SK Hynix, Intel Discuss U.S. Memory Chip Production Deal

SK Hynix is reportedly in discussions with Intel over a potential agreement to manufacture memory chips in the United States, a move that would mark the South Korean semiconductor giants first U.S.-based memory production....

DOJ Will Investigate AI-Related Crimes, Attorney General Blanche Says

U.S. Attorney General Todd Blanche said the Department of Justice will investigate individuals or companies connected to artificial intelligence when there is evidence they have violated federal criminal law, while...
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