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Japan core machinery orders fall in September, signal fragile capital expenditure

Nov 10, 2016 05:49 am UTC| Commentary Economy

Core machinery orders in Japan fell during the month of September, signaling a fragile capital expenditure in the economy. Core machine orders in Japan were down 3.3 percent on month in September, data released by the...

FxWirePro: The Day Ahead- 10th November, 2016

Nov 10, 2016 05:11 am UTC| Commentary Economy

Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated. Data Released so far: Australia: Consumer inflation expectations declined to 3.2 percent in November...

What Donald Trump's surprise victory means for the economy and business

Nov 09, 2016 19:02 pm UTC| Insights & Views Economy

Editors note: Donald Trump stunned the polls and the pundits to win the 2016 U.S. presidential election. So what will his victory mean for the economy, businesses and financial markets? We asked four of our regular...

Brazil inflation drops below 8 pct for the first time since February 2015, opens door to small rate cuts

Nov 09, 2016 12:30 pm UTC| Commentary Economy

Consumer inflation in Brazil fell below 8 percent for the first time since February 2015 during the period of October, paving way for small rate cuts this year as lower prices start to exert pressure on the countrys...

U.K. trade deficit narrows in Q3, likely to continue trend in Q4

Nov 09, 2016 10:41 am UTC| Commentary Economy

Trade deficit in the United Kingdom narrowed during the third quarter of this year, helping to deliver a solid economic growth in the country. The trend is likely to continue through the next quarter as well. The United...

US Election Series

Expectations of December Fed rate hike steeply drops following Donald Trump’s 2016 Presidential victory

Nov 09, 2016 09:41 am UTC| Commentary Economy

The expectations surrounding interest rate hike by the United States Federal Reserve in its December monetary policy meeting has witnessed steep drops following the victory of Republican candidate Donald Trump in the 2016...

South Korea’s unemployment rate rises in October on falling exports, corporate restructuring

Nov 09, 2016 09:08 am UTC| Commentary Economy

The unemployment rate in South Korea rose during the month of October, following a decline in exports amid ongoing corporate re-structuring in the highly labor-intensive businesses like shipbuilding that dragged down...

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Economy

Fed Rate Hike Threatens Housing as U.S. Growth Leans on AI, Citi Says

The Federal Reserves latest interest rate hike could deepen the U.S. housing downturn while making economic growth increasingly reliant on artificial intelligence investment, according to Citi Research. The Fed raised its...

Strait of Hormuz Oil Shipments Hit Six-Month High as U.S. Clears Mines

Oil and liquefied natural gas shipments through the Strait of Hormuz have climbed to a six-month high over the past two weeks, as U.S.-led naval escorts and mine-clearing operations improve access to the critical energy...

Bessent, He Lifeng to Discuss AI Security and Trade in New York

U.S. Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng in New York on Sunday for talks covering artificial intelligence security, trade and other major economic issues, according to a person...

Canada Eyes India Trade Deal by Year-End

Canada is increasingly optimistic that it can finalize a comprehensive economic partnership agreement (CEPA) with India before the end of the year, with energy, nuclear power and critical minerals emerging as major areas...

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....

Politics

Israeli Strikes Across Gaza Leave at Least Three Dead

Israeli airstrikes killed at least three Palestinians across the Gaza Strip on Saturday, according to Palestinian health officials, as violence continued despite a U.S.-brokered ceasefire. One Israeli strike near the...

Trump Plans Federal AI Force and AI Czar

U.S. President Donald Trump said Saturday that he plans to create a federal AI Force and appoint an artificial intelligence czar, outlining an effort to accelerate U.S. AI development while using existing laws to address...

Houthis Claim Missile, Drone Attacks on Riyadh and Saudi Oil Hub

Yemens Houthis said they launched missile and drone attacks on sensitive sites in Saudi Arabias capital Riyadh on Saturday, escalating a conflict that has increasingly threatened the kingdoms cities, energy infrastructure...

White House Bars CNN, MS NOW and Politico Reporters

The White House denied journalists from CNN, MS NOW and Politico access to its grounds on Saturday, carrying out President Donald Trumps announced ban against the three news organizations. Each outlet said its journalists...

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...

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

SpaceX Nasdaq 100 Weight to More Than Double in Rebalance

SpaceX is set to gain significantly more influence in the Nasdaq 100 Index when the benchmark completes its quarterly rebalance on Monday, with the companys weighting expected to more than double. According to Bloomberg,...

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,...