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Global Geopolitical Series: U.S. imposes duties on steel racks from China

Nov 21, 2018 14:39 pm UTC| Commentary Economy

In a continuation of the toughened stance against trade practices, as the U.S. struggles to get a fair deal with China, it is taking punitive actions by imposing duties on key goods. Yesterday, the Commerce Department...

Eurozone Sovereign Bond Spreads- Latest Updates

Nov 21, 2018 14:20 pm UTC| Commentary Economy

We at FxWirePro decided to add a simple but very important tool to our regular watch list and that is sovereign bond spreads of Eurozone economies over Germany. It was included in the watch list during the Eurozone debt...

Cryptocurrency Brief: Bitcoin attempts minor recovery after losing over 25 pct in past 2 days, Singapore’s liquidity provider B2C2 sues crypto exchange Quoine – Wednesday, November 21

Nov 21, 2018 11:38 am UTC| Commentary Economy Digital Currency Market Roundups

BTC/USD: Bitcoin prices have started to witness a minor recovery during late European session Wednesday, after having lost over 25 percent in the past two trading days, owing to general pessimism in the crypto market over...

U.S. Treasuries trade lower on caution ahead of initial jobless claims, 10-year TIPS auction

Nov 21, 2018 10:42 am UTC| Commentary Economy

The U.S. Treasuries traded lower during late afternoon session Wednesday ahead of the initial jobless claims, scheduled to be released today by 13:30GMT. Also, the 10-year TIPS auction, due today by 18:00GMT will add...

German bunds plummet ahead of Q3 GDP, November manufacturing PMI

Nov 21, 2018 09:39 am UTC| Commentary Economy

The German bunds plummeted during afternoon session Wednesday ahead of the European Central Banks (ECB) account of monetary policy meeting, due on November 22 by 12:30GMT. Besides, Germanys gross domestic product (GDP)...

South African Reserve Bank likely to keep key interest rate stable in November, says Commerzbank

Nov 21, 2018 08:35 am UTC| Commentary Central Banks Economy

South Africans Reserve Bank is expected to keep its key interest rate stable at its monetary policy meeting, scheduled to be held on November 22, according to the latest research report from Commerzbank. One day before...

Global Geopolitical Series: USTR’s comments suggest intensifying Sino-American trade spat

Nov 21, 2018 07:40 am UTC| Commentary Economy

Comments coming from the United States Trade Representative (USTR) Robert Lighthizer, just days after a spat between the United States and China at the Asia Pacific Economic Cooperation (APEC) leading to a failure to issue...

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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...

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...

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...

BOJ Set for 25-Basis-Point Rate Hike as Yen Weakness Fuels Inflation

The Bank of Japan is widely expected to raise interest rates by 25 basis points on September 18, as policymakers confront persistent inflation and prolonged weakness in the Japanese yen. The anticipated BOJ rate hike would...

Politics

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...

Trump Eyes End to Iran War, Plans Gulf Leaders Meeting

U.S. President Donald Trump said Wednesday that he hopes the seven-month war with Iran is approaching an end, as reports indicate he plans to meet Gulf leaders in New York next week to discuss the conflict and a potential...

US Allies Fear Trump Could Soften Taiwan Stance in Xi Talks

U.S. allies in Asia are increasingly concerned that President Donald Trump could soften Washingtons stance on Taiwan as he prepares to host Chinese President Xi Jinping on September 24, with trade and economic issues...

Australia Tightens Student Visa Rules, Targets Migration Cut by 2028

Australia is set to tighten immigration rules by restricting international students from bringing partners and children while studying, as the government seeks to reduce net overseas migration, according to media reports...

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...