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South Korean household debt remains a matter of concern, rises 12.4 pct in December

Jan 13, 2017 05:30 am UTC| Economy Commentary

South Korean household debt expanded 12.4 percent in December, as compared to 11.9 percent a year earlier. This growth in household loans was majorly supported by the increase in mortgage and rebound in the non-mortgage...

FxWirePro: The Day Ahead- 13th January 2017

Jan 13, 2017 05:20 am UTC| Commentary Economy Central Banks

Not many economic data and events scheduled for today and all with low to medium risks associated. Data released so far: China: Exports declined by 6.1 percent y/y in December. Imports up by 3.1 percent y/y. Trade...

China extends 1.04 trillion net new yuan loans in Dec, despite mounting debt worries

Jan 12, 2017 16:47 pm UTC| Commentary Economy

Chinese banks extended 1.04 trillion yuan ($A201 billion) in net new yuan loans in December, more than analysts expectations and higher than the previous months 794.6 billion yuan. Analysts polled by Reuters had expected...

Italy's Nov industry output beats expectations, signals possible acceleration in economic activity

Jan 12, 2017 12:10 pm UTC| Insights & Views Economy

Italian industrial production rose 0.7 percent month-over-month in November, beating median forecast in Reuters poll for a 0.3 percent gain, national statistics bureau ISTAT reported on Thursday. Data compared to a revised...

French consumer inflation remains steady at 0.3 pct in December

Jan 12, 2017 09:11 am UTC| Economy Commentary

French December consumer price inflation remained steady at a seasonally adjusted 0.3 percent, from previous 0.3 percent in November. Markets had also expected CPI to rise 0.3 percent last month. French National...

U.S. weekly jobless claims likely to increase, unemployment rate to hold near 4.7 pct

Jan 12, 2017 07:16 am UTC| Economy Commentary

The United States weekly jobless claims report will be published on Thursday, 12 January at 13:30 GMT. We foresee that the initial claims for the week ending 7 January will increase to 2,50k, up from 235k observed in the...

Brazil central bank surprises market with deeper interest rate cut, lowers 75bps to 13 pct

Jan 12, 2017 06:42 am UTC| Commentary Central Banks Economy

The Brazil central bank (BCB) in its first monetary policy of 2017, surprised markets with a deeper interest rate cut of 75 basis points to 13 percent, hitting the lowest level since March 2015. This rate cut was higher...

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Economy

Morgan Stanley Warns Against Overestimating EV Demand Boost from Rising Oil Prices

Morgan Stanley is urging caution among investors who believe that surging oil prices will automatically trigger a rapid recovery for South Korean battery manufacturers. While recent headlines have painted an optimistic...

Iran Closes Strait of Hormuz Again After Brief Reopening, Rattling Global Energy Markets

Hopes for a restoration of normal energy shipping through the Strait of Hormuz collapsed within hours on Saturday after Iran reimposed tight restrictions on the vital maritime corridor, just a day after declaring it open....

Uranium Bull Market Gains Momentum Amid Supply Deficits and Geopolitical Tensions

The uranium market is entering a powerful new phase, with structural supply shortfalls and rising energy security concerns driving long-term bullish momentum. A recent special report from BCA Research confirms that the...

Energy Price Spike Won't Trigger Lasting Inflation, Analysts Say

A new report from BCA Research suggests that the recent surge in energy prices, driven by ongoing Middle East tensions, is unlikely to spark a prolonged period of runaway inflation in major global economies. According to...

Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions

Australia has extended its temporary easing of fuel-quality standards through September, as ongoing disruptions from the Iran war continue to strain the countrys fuel supply chains. Energy Minister Chris Bowen confirmed...

Politics

Iran's Internal Power Struggle Threatens Strait of Hormuz Stability

Geopolitical tensions in the Middle East have intensified after Irans Islamic Revolutionary Guard Corps (IRGC) overturned a government decision to reopen the Strait of Hormuz, one of the worlds most critical energy...

North Korea Fires Multiple Ballistic Missiles Amid Growing Nuclear Ambitions

North Korea launched several ballistic missiles toward the sea off its eastern coast on Sunday, according to South Korea and Japan, marking Pyongyangs seventh ballistic missile test this year and its fourth in April alone....

North Korea Fires Ballistic Missile Eastward Amid Rising Global Tensions

South Koreas Yonhap news agency reported on Saturday that North Korea launched an unidentified ballistic missile in an easterly direction. Military officials in Seoul are still analyzing the missiles type and flight...

U.S.-Iran Tensions Escalate as Hormuz Crisis Deepens Amid Ceasefire Strains

Fragile ceasefire negotiations between the United States and Iran are facing serious pressure after a dramatic weekend of escalating confrontations in and around the Strait of Hormuz. New reporting from the Wall Street...

Brazil, Spain, and Mexico Unite to Support Cuba Amid U.S. Blockade

During a high-profile international summit held in Barcelona, the leaders of Brazil, Spain, and Mexico came together to announce a strengthened commitment to providing coordinated humanitarian aid to Cuba. The meeting,...

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

NVIDIA Acquisition Rumors Dismissed by Morgan Stanley as Strategically Flawed

Morgan Stanley analysts have moved to cool speculation that NVIDIA Corporation (NASDAQ: NVDA) is plotting a major acquisition of a U.S. PC original equipment manufacturer (OEM). According to the investment bank, such a...

Iran’s AI memes are reaching people who don’t follow the news – and winning the propaganda war

A Lego-style Iranian military commander raps over a gangster beat: Our inbox is flooded with Americans saying they dont watch the news. They listen to our songs instead since your media is full of shit. This is the opening...

OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push

OpenAI is reportedly set to spend over $20 billion with AI chip startup Cerebras over the next three years, marking a significant expansion of an already substantial computing partnership. According to The Information, the...

Tesla's Terafab: AI Chip Factory Eyes Taiwan's Semiconductor Talent

Tesla is actively recruiting semiconductor engineers in Taiwan for its ambitious Terafab project a fully vertically integrated AI chip manufacturing facility that aims to consolidate logic, memory, packaging, testing, and...

Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million

The Japanese government has announced plans to provide Sony with subsidies of up to 60 billion yen, equivalent to approximately $380 million, to support the construction of an image sensor manufacturing facility in...