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INR likely to trade with a weakening bias in January ahead of Union Budget, says Scotiabank

Jan 10, 2017 09:00 am UTC| Economy Commentary

The INR is expected to trade with a weakening bias this month given ongoing portfolio outflows, ahead of the presentation of Union Budget FY2017-18 on 1 February and the RBIs next MPC meeting scheduled for 7-8 February,...

FxWirePro Poll: Subdued inflation and negative demonetisation effect to pressurize RBI for rate cut in February

Jan 10, 2017 07:11 am UTC| Central Banks Commentary Economy Insights & Views

Indias inflation continued to remain subdued during the month of November, exerting deeper pressure on the Reserve Bank of India (RBI) to undertake easing policy in the next 2-day bi-monthly monetary policy scheduled to be...

Malaysia industrial production likely to expand robustly in November on surge in export sales

Jan 10, 2017 06:36 am UTC| Economy

Malaysia industrial production is expected to register a robust expansion of 6.5 percent y/y in November, expanding up from 4.2 percent in October. This strong reading should come in the wake of recent surge in export...

Australia consumer confidence sharply rises, suggests upbeat start for households in 2017

Jan 10, 2017 05:58 am UTC| Commentary Economy

Australia consumer confidence in the week ending 8 January jumped a sharp 5.9 percent, hitting the highest level in 15 weeks. The details were broadly upbeat, with views on economic conditions over the next 12 months and...

FxWirePro: The Day Ahead- 10th January 2017

Jan 10, 2017 05:22 am UTC| Commentary Central Banks Economy

Sizable numbers of economic data and events scheduled for this week but all with low to medium risks associated. Data released so far: United Kingdom: BRC shop price index rose by 1 percent in...

Taiwan trade surplus rises unexpectedly in December, export growth maintains double-digit rate

Jan 10, 2017 05:16 am UTC| Economy Commentary

Taiwan trade surplus rose unexpectedly in December, rising to a seasonally adjusted annual rate of TWD 4.86 billion, from TWD 4.27 billion in November. Also, markets had expected trade balance to fall to TWD 4.20...

Chart of the Day Series

Chart of the Day: Yields rising? Think again

Jan 09, 2017 16:04 pm UTC| Commentary Economy

If you think that 2016 has been the year that marked the beginning of the end of the bubble in the bond market, well! This chart would make you think again. Compared to December 2015, yields are down for Germany and the...

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Economy

Mexico Pushes for US Trade Deal Before Midterms

Mexican President Claudia Sheinbaum said Friday that her government is working to secure a trade agreement with the United States as quickly as possible, following what she described as a productive conversation with U.S....

Bolivia Approves $1.9 Billion IMF Financing Deal

Bolivian lawmakers have approved a $1.9 billion financing agreement with the International Monetary Fund (IMF), advancing President Rodrigo Pazs efforts to stabilize the countrys economy amid foreign currency shortages,...

Wall Street Mixed as Treasury Yields Rise After Fed Hike

Wall Street traded mixed on Friday as investors paused after the strongest session in more than a month, while rising U.S. Treasury yields and quadruple witching kept market volatility in focus. Quadruple witching marks...

Bessent Presses Japan on Fiscal Policy as Yen Struggles

U.S. Treasury Secretary Scott Bessent has pushed Japan to tighten fiscal policy and support higher interest rates as Washington and Tokyo work to stabilize the yen and limit risks in global bond markets. Japanese Finance...

Yen Slides After BOJ Rate Hike as Dollar Holds Near Seven-Week High

Asian currencies traded mixed on Friday, with the Japanese yen weakening despite a Bank of Japan interest rate hike, while a hawkish Federal Reserve outlook kept the U.S. dollar supported near a seven-week high. The U.S....

Politics

Russian Attack on Balakliia Kills Two, Injures Two

Russian forces struck the northeastern Ukrainian city of Balakliia on Friday, killing two people and injuring two others as the war continues to affect communities across the Kharkiv region. Vitali Karabanov, head of the...

NATO Commander Joins US Review of Troop Deployments in Europe

NATOs top military commander, U.S. Air Force General Alexus Grynkewich, participated in a virtual briefing Friday as the Pentagon weighs possible changes to the deployment of U.S. troops across Europe. The briefing was...

Appeals Court Rejects Trump Third-Country Deportation Policy

A U.S. federal appeals court on Friday rejected a Trump administration policy that allowed immigration authorities to rapidly deport migrants to countries other than their nations of origin without giving them an adequate...

Trump Bans CNN, MS NOW and Politico From White House

President Donald Trump said Friday that CNN, MS NOW and Politico would be banned from the White House, escalating his administrations long-running dispute with major news organizations over their coverage. Trump announced...

Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed

Venezuelas government and opposition are nearing an agreement to transfer roughly $4 billion worth of the countrys gold reserves from the Bank of England to the Federal Reserve Bank of New York, potentially ending a...

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

Westinghouse Targets $50 Billion Valuation in U.S. IPO

Westinghouse Electric Co. is seeking a valuation of more than $50 billion for its planned U.S. initial public offering, as the nuclear technology company moves closer to a public market debut amid growing interest in...

NASA, Boeing Discuss Expanding Starliner Missions

NASA is holding discussions with Boeing about expanding the use of its Starliner spacecraft for future missions, potentially giving the troubled vehicle a larger role in U.S. human spaceflight plans. The space agency and...

Apple Pay Set for India Launch With Axis Bank

Apple is preparing to launch Apple Pay in India next month, initially partnering with Axis Bank to support the lenders credit cards, according to three people familiar with the plans. The rollout would bring Apples digital...

Hyundai CEO Warns Chinese Automakers Could Disrupt US Market

Hyundai Motor CEO Jose Munoz warned that Chinese automakers could eventually reshape the US auto market as they have in Europe unless Washington maintains tariffs and other market-access protections. Speaking in San Jose,...

US Federal Register Drops Alibaba Qwen AI Search Tool

A U.S. government website used an artificial intelligence model developed by Chinas Alibaba to help users search federal regulatory information, despite recent U.S. concerns about Chinese AI companies and their use of...