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Sat, Dec 28, 2024 05:44 PM All times are UTC

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China's September new loans and TSF rebound

Oct 16, 2015 02:23 am UTC| Commentary Economy

RMB new loans growth posted a strong rebound in September, led by medium-long term loans. RMB new loans were CNY1050bn, up from CNY810bn in August and above expectations (consensus: CNY900bn). It is encouraging to see that...

China’s economy may dominate global market considerations from the start of the week onward

Oct 15, 2015 21:49 pm UTC| Commentary Economy

Chinas economy may dominate global market considerations from the start of the week onward. The country releases Q3 GDP growth into the Asian market open on Monday. Obviously markets trade on it, but the aftermath will...

US consumer prices likely ran out of energy last month

Oct 15, 2015 05:13 am UTC| Commentary Economy

Sans projected movements in US food (0.2%) and energy components, the core CPI probably continued apace, rising by 0.1% (0.148% unrounded) for a third consecutive month. Increased vehicle and shelter costs, along with a...

Price effects likely caused softness in US September retail sales

Oct 15, 2015 05:04 am UTC| Commentary Economy

US retail sales rose 0.1% m/m in September. However, the details of the report painted a softer picture of nominal consumption spending than expected. The retail control group, our preferred measure of core retail...

South Korean economy shows sign of improvement

Oct 15, 2015 04:56 am UTC| Commentary Economy

The Bank of Korea held the policy rate at 1.5% in October, as expected. The BoK revised its growth forecasts for 2015 and 2016 marginally lower, cutting both 10bp, to 2.7% and 3.2%, respectively. The reductions were...

US October Beige Book cites modest pace of economic expansion

Oct 14, 2015 20:10 pm UTC| Commentary Economy

The Federal Reserves Beige Book, which contains an assessment of economic conditions from the 12 Federal Reserve districts through October 5, reported that economic activity continued to expand at a modest pace from late...

Troubling data from U.S questions economic growth

Oct 14, 2015 17:32 pm UTC| Commentary Economy

Economic data from around the globe was released today, nearly all pointing in a negative direction. Headline U.S. retail sales inched up a slight 0.1 percent while retail sales excluding autos dropped 0.3 percent and PPI...

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Economy

Elon Musk's Tesla Vision-Only Tech Sparks LiDAR Debate as Li Auto CEO Cites China Highway Dangers

Li Auto CEO takes aim at Elon Musk and Teslas vision-only strategy, arguing LiDAR is essential for handling Chinas challenging highway conditions. Li Auto CEO Highlights LiDAR for Chinas Unique Highways Even if the...

Bezos’ Blue Origin FAA Approval Paves Way for New Glenn Rocket Launch in Space Race

The FAA has approved Blue Origins New Glenn rocket, allowing Jeff Bezos space company to compete in critical national security satellite launches. FAA Grants Blue Origin License for New Glenn Rocket Launch On Friday, the...

What OpenAI’s Public Benefit Shift Means for the Future of AI

OpenAIs decision to adopt a public benefit corporation model reflects its effort to align profit-making with its mission to drive societal impact in the fast-evolving AI sector. OpenAI Embraces Public Benefit Corporation...

Massive Chrome Extension Breach Exposes Data Security Risks Across Companies

In an alarming cybersecurity breach, hackers compromised Chrome extensions of multiple companies, including Cyberhaven, to access sensitive data. The attack, ongoing since December, highlights vulnerabilities in browser...

Tokyo's Inflation Surge: Energy Prices Drive December CPI Up to 2.4%

In December 2024, the core Consumer Price Index (CPI) for Tokyo Prefecture increased by 2.4% compared to a year earlier, rising from 2.2% in November. This change is important because it shows that prices continue to rise,...

Politics

Florida Democrat Switches to Republican Party Sparking Explosive Debate and Claims of a ‘Better Vision for Prosperity’

In a political shift that has left Floridians and the national political landscape abuzz, Democratic Florida state Rep. Hillary Cassel has announced her switch to the Republican Party. Citing a desire for a better and more...

Russia Signals Peace Talks with Trump Team Sparking Global Speculation of Historic Diplomatic Breakthrough in 2024

In a statement that has sent ripples across the global political landscape, Russia announced its willingness to hold peace negotiations with the Trump team. The Kremlin, in a move seen as an overture to the former U.S....

January 6 Prisoners File $50 Billion Lawsuit Against DOJ Sparking Outrage and Explosive Claims of Injustice

In a groundbreaking legal move, over 100 individuals who were imprisoned following the January 6 Capitol riot have joined forces to file a $50 billion class action lawsuit against the Department of Justice (DOJ). The suit...

America Unleashes $1.25 Billion in Weapons to Ukraine Sparking Explosive Reactions

The United States has announced a substantial $1.25 billion weapons package to Ukraine, underscoring its commitment to supporting Kyiv amid its ongoing conflict with Russia. This latest allocation is part of a broader...

Trump Warns Nations to Take Back Migrants or Risk Losing Business Deals

Former President Donald Trump has reignited his firm immigration policies, reportedly planning to refuse any business dealings with countries that do not cooperate in taking back their deported citizens. This hardline...

Science

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Christmas Eve Asteroid' to Skim Past Earth at 14,743 mph Tonight, NASA Warns

NASA has announced that an asteroid, comparable in size to a 10-story building, will make a close approach to Earth on Christmas Eve. The space rock, designated 2003 SD220, is expected to pass by our planet at a speed of...

Emergency Declared as Bird Flu 'Spreads' to California Dairy Cows

California Governor Gavin Newsom has officially declared a state of emergency in response to the rapidly escalating bird flu outbreak. The declaration comes after avian influenza was detected in dairy cows, a rare and...

Missing Radioactive Material in New Jersey Sparks Panic — Are Drones ‘Hunting for It’?

A small amount of radioactive material went missing in New Jersey earlier this month, raising concerns over public safety and potential security risks. The U.S. Nuclear Regulatory Commission (NRC) confirmed on December 2,...

Technology

X's New Algorithm Changes Trigger Backlash as Users Claim Voices Are Being Silenced

Elon Musks recent algorithm update on X, formerly known as Twitter, has sparked a heated debate among users. The changes, aimed at maximizing unregretted user-seconds, have raised questions about whether the platform is...

Samsung Brings Galaxy Ring 2 and AR Smart Glasses to Galaxy Unpacked 2025 With S25 Series

Samsung is shaking up the tech world at Galaxy Unpacked 2025, unveiling the Galaxy S25 Series, the advanced Galaxy Ring 2, and its cutting-edge AR Smart Glasses. This bold lineup promises a fresh leap into wearable...

Apple’s 2nm Chips Skip iPhone 17 as TSMC Prepares 2026 Launch for iPhone 18

Apple has decided to wait until 2026 to incorporate TSMCs 2nm chips into the iPhone 18. The move bypasses the iPhone 17, as TSMC works on scaling its production to meet industry demands and cut costs. Apple Expected to...

Xiaomi Expands EV Charging Access Across China With NIO, XPeng, and Li Auto Networks

Xiaomi has joined the EV charging networks of NIO, XPeng, and Li Auto, giving its customers access to over 29,000 stations across China. The move marks a strategic step in bolstering Xiaomis EV business amid growing...

Japan Airlines Faces Cyberattack Disruption with Over 60 Delayed Flights and Canceled Domestic Routes

Japan Airlines experienced significant disruptions on Thursday as a cyberattack led to over 60 flight delays, including 11 international routes, and two domestic cancellations. The airline quickly resolved the network...