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Mon, Apr 13, 2026 04:42 AM All times are UTC

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Decline in oil investment in Norway decelerating, likely to fall 5.5 pct in 2017

May 24, 2017 20:04 pm UTC| Commentary Economy

The decline in oil investment in Norway is decelerating. This year appears to be slightly stronger than anticipated. The second quarter oil investment survey showed that oil investment this year would be NOK 154.4 billion....

Moody’s downgrades China’s rating for first time in nearly 30 years, changes outlook to “stable”

May 24, 2017 18:14 pm UTC| Commentary Economy

Chinas sovereign rating was cut today by Moodys to A1 from Aa3. Moodys also changed its outlook to stable. This is Moodys first downgrade of China in almost 30 years. Moodys is concerned about the countrys rising...

Australia's Q1 economic growth likely to be dented by sharp fall in construction activity

May 24, 2017 11:45 am UTC| Insights & Views Economy

Data released by the Australian Bureau of Statistics on Wednesday showed that total value of construction in Australia, including residential building and engineering work, during the first quarter of this year fell by 0.7...

U.S. Treasuries gain ahead of Fed meeting minutes

May 24, 2017 11:14 am UTC| Commentary Economy

The U.S. Treasuries gained as investors await to read the Federal Reserves minutes of the last policy meeting, scheduled to be released later in the day. Also, todays 5-year note auction will be closely eyed by market...

UK gilts gain on safe-haven demand after PM May warns of 'critical' threat

May 24, 2017 10:14 am UTC| Commentary Economy

The UK gilts gained Wednesday as investors poured into safe-haven instruments after Prime Minister Theresa May, commented, post the terrorist attack in Manchester, that the level of threat has become critical. Also,...

German bunds gain ahead of ECB President Draghi’s speech

May 24, 2017 09:01 am UTC| Commentary Economy

The German bunds gained on Wednesday as investors wait to watch the European Central Bank (ECB) President Mario Draghis speech, scheduled to be held later in the day. However, prior, to that, the market is now reacting to...

EUR/HUF likely to rise to 315.00 by end of this year, says Commerzbank

May 24, 2017 08:11 am UTC| Commentary Economy

The EUR/HUF currency pair is expected to rise to a level of 315.00 by the end of this year after the Magyar Nemzeti Bank (MNB) left all monetary policy parameters on hold yesterday as markets had anticipated. The statement...

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Economy

Oil Prices Surge as U.S. Imposes Blockade on Iranian Shipping Amid Ongoing Middle East Tensions

Global financial markets were rattled Monday after the United States announced a blockade on Iranian shipping following the breakdown of weekend peace negotiations. The decision has renewed fears over Middle East energy...

Bank of Korea Governor Nominee Warns of Action if Korean Won Weakens Further

South Koreas Bank of Korea governor nominee, Shin Hyun-song, signaled on Monday that policymakers stand ready to intervene should the Korean won experience excessive depreciation. In written statements submitted to...

U.S. Blockades Strait of Hormuz as Oil Prices Surge Past $100

Oil prices climbed sharply in early Asian trading on Monday, with Brent crude jumping 8% to $102.93 per barrel after President Donald Trump announced that the U.S. Navy would begin blockading the Strait of Hormuz. The move...

U.S. Futures Plunge as Iran Ceasefire Talks Collapse and Hormuz Blockade Looms

U.S. stock index futures dropped sharply Sunday evening after ceasefire negotiations between Washington and Tehran broke down, raising fears of prolonged conflict and further disruptions to global energy markets. The...

Spain's Sanchez Visits China to Deepen Trade Ties Amid U.S. Tensions

Spanish Prime Minister Pedro Sanchez arrived in China on Monday for his fourth visit in four years, reinforcing Spains commitment to an independent foreign policy that has increasingly put him at odds with U.S. President...

Politics

Taiwan Insists Government Must Lead Cross-Strait Engagement Amid China's New Incentives

Taiwans top security official has made clear that any response to Chinas latest proposed trade and tourism measures must be government-led, not driven by opposition party diplomacy. National Security Bureau chief Tsai...

Spain's Sanchez Urges China to Take Greater Global Leadership Role During Beijing Visit

Spanish Prime Minister Pedro Sanchez called on China to assume a more meaningful role in addressing pressing global challenges, including climate change, international security, defense, and the fight against inequality....

Hungary's Orban Loses Power as Magyar Wins in Landslide; U.S. Reactions Divided

Hungarian Prime Minister Viktor Orban, a close ally of U.S. President Donald Trump, was voted out of power after 16 years in office as Hungarians turned out in record numbers to elect center-right challenger Peter Magyar....

Peru Presidential Election 2025: Lopez Aliaga Leads Early Results

Early official vote counts from Perus presidential election reveal that right-leaning candidate Rafael Lopez Aliaga is currently ahead of the competition, securing 23.4% of the vote. With only 5% of ballots tallied so far,...

Trump Dismisses Iran Talks, Orders Strait of Hormuz Blockade

President Donald Trump signaled indifference toward renewed diplomacy with Iran on Sunday, telling reporters at Joint Base Andrews, I dont care if they come back or not, if they dont come back, were fine. His remarks...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

TSMC Posts Record Q1 2026 Profits Driven by Surging AI Chip Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) is on track to deliver its fourth straight quarter of record-breaking earnings, with analysts forecasting a 50% jump in net profit for the first quarter of 2026. The surge is...

OpenAI Addresses Security Vulnerability in macOS App Certification Process

OpenAI disclosed a security concern on Friday involving a third-party developer tool known as Axios, which is connected to the process used to verify the authenticity of its macOS applications. The company confirmed it has...

San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home

San Francisco police arrested a 20-year-old suspect Friday following a pre-dawn attack on OpenAI CEO Sam Altmans residence in the citys North Beach neighborhood. According to the San Francisco Police Department, an...

SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20

Nasdaq Inc. confirmed late Friday that SanDisk Corporation will enter the Nasdaq-100 Index, taking the spot previously held by Atlassian Corp Plc when markets open on Monday, April 20, 2026. The change signals a broader...

TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has reported first-quarter revenue of T$1.134 trillion (approximately $35.71 billion USD), surpassing analyst expectations and...